IDBI Capital vs RKSV Securities – Point by Point Comparison

IDBI Bank ltd. is the parent body of IDBI Capital which is one of the leading Investment Banking. On the other hand RKSV Securities is a brokerage company. IDBI Capital is a full service provider while RKSV Securities is a discount broker. Both the company exchanges trade. IDBI exchanges in BSE and NSE only but RKSV Securities exchanges with BSE, NSE and MCX.

Like every other company, these both companies ask for fee for opening trading account which is Rs. 700 for IDBI Capital and its lower for RSKV which is Rs. 250. There is no maintenance charge of trading account. The “Equity Options Charge” is high in IDBI Capital. It’s Rs. 100 per lot while it’s Rs. 20 per executed order in RKSV. There is no currency option for transaction charges in IDBI Capital but its 0.06% on premium in RKSV which makes it better. And if we will compare brokerage charges, there is no brokerage charges for RSKV Securities but IDBI ask for Rs. 25 per transaction from customer. The trading platform for IDBI Capital is Power Pro and NEST for RSKV Securities. These are some reasons which differentiate RSKV from IDBI and we should give more preference to RSKV.

    IDBI Capital RKSV Securities
Basic Information Type of Broker Full Service Broker Discount Broker
Exchanges BSE, NSE BSE, NSE, MCX
Fees for Opening Trading Account Rs. 700 Rs. 250
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 300
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% Nil
Equity Intraday Charges 0.08% Rs. 20 per executed order
Equity Future Charges 0.08% Rs. 20 per executed order
Equity Options Charges Rs. 100 per lot Rs. 20 per executed order
Currency Futures Charges NA Rs. 20 per executed order
Currency Options Charges NA Rs. 20 per executed order
Commodity Charges NA Rs. 20 per executed order
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Nil
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.051% on Premium 0.055% on Premium
Currency Futures NA 0.00%
Currency Options NA 0.06% on Premium
Commodity NA 0.00%
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts NA Y
Online Demo Y Y
Online Portfolio Y N
Trading Platform Power Pro NEST
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y N
Reports Daily  Market Report Y
Quarterly Analysis of Results Y

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