Canara Bank vs Geojit – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Geojit here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and Geojit.

Background

Year of Incorporation 1996 1996
Website https://www.canmoney.in/ https://www.geojit.com/
Phone 1800-22-0369 1800-425-5501
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE, BSE, MCX-SX
Demat (NSDL/CDSL) CDSL and NSDL NSDL & CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0.03% Intraday & 0.30% Delivery
Equity Futures 0.04% 0.01% of Turnover
Equity Options Rs.50 per Lot Rs 50 per lot
Currency Futures 0.04% 0.03% of Turnover
Currency Options Rs.50 per Lot Rs 50 per lot
Commodity Rs.50 per Lot Not Available
Account Opening Costs

Trading only Free Free
Trading & Demat Free Free
Commodity Free Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.00325% 0.0021% of Turnover
Options 0.00325% 0.055% of Turnover
Commodities 0.00325% Not Available
AMC charge Rs.500 per Annum Rs 400 per year
DP Transaction Charge Rs 9 + GST Rs 15 per debit transaction or 0.02% whichever is higher
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 20 Days
End of Day 5 Years 5 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 5x on Intraday and Upto 1x on Delivery
Equity Futures Upto 3X Upto 1x for Intraday
Equity Options Upto 5X Upto 2x for Intraday
Currency Futures Upto 2X Upto 1x for Intraday
Currency Options Upto 2X Upto 2x for Intraday
Commodity Upto 2X Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Rs 47.7 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 49.4 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 75.8 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 88.00 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 107.71 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 137.49 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 108.82 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 93.60 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 139.00 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 128.86 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 137.74 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 160.05 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 27.58 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 37.03 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 29.78 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 33.25 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 31.87 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 33.85 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 40.37 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 37.81 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 40.51 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 39.63 Crores
Debt FY21/22 Rs 10 Lakhs Rs 45.75 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 41.96 Crores
Profit to Equity(%) FY11/12 74.10 31.3
Profit to Equity(%) FY12/13 64.83 11.9
Profit to Equity(%) FY13/14 54.48 18.2
Profit to Equity(%) FY14/15 11.06 24.43
Profit to Equity(%) FY15/16 (10.69) 35.17
Profit to Equity(%) FY16/17 4.15 37.26
Profit to Equity(%) FY17/18 (16.74) 40.67
Profit to Equity(%) FY18/19 1.40 34.85
Profit to Equity(%) FY19/20 (8.05) 30.01
Profit to Equity(%) FY20/21 6.71 34.15
Profit to Equity(%) FY21/22 12.82 39.42
Profit to Equity(%) FY22/23 19.49 30.34
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 614 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 610 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 644 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 686.71 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 673.67 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 960.37 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 900.92 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 919.72 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 1013.81 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 1050.98 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 944.55 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 921.74 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than Geojit ?

Canara Bank and Geojit are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Geojit better than Canara Bank ?

Canara Bank and Geojit are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than Geojit ?

Canara Bank and Geojit are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Geojit cheaper than Canara Bank ?

Canara Bank and Geojit are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. Geojit ?

To find out the better of the two stockbrokers Canara Bank and Geojit, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.