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

Find a Comparison of Canara Bank vs IDBI Capital 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 IDBI Capital.

Background

Year of Incorporation 1996 1993
Website https://www.canmoney.in/ https://trade.idbicapital.com/
Phone 1800-22-0369 022-39135001
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE & BSE
Demat (NSDL/CDSL) CDSL and NSDL NSDL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0.08% for Intraday, 0.5% for Delivery
Equity Futures 0.04% 0.08% per executed order
Equity Options Rs.50 per Lot Rs 100 per lot
Currency Futures 0.04% Not Available
Currency Options Rs.50 per Lot Not Available
Commodity Rs.50 per Lot Not Available
Account Opening Costs

Trading only Free Rs 500
Trading & Demat Free Rs 500
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% 0.0019% of Turnover
Options 0.00325% 0.051% of Premium Turnover
Commodities 0.00325% Not Available
AMC charge Rs.500 per Annum Rs 450
DP Transaction Charge Rs 9 + GST Rs 10/debit transaction
Offline order placing Charge Rs 20 per executed order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 5 years, Extra rental fees for trading software
End of Day 5 Years 5 years, Extra rental fees for trading software
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 10x Intraday
Equity Futures Upto 3X No Leverage
Equity Options Upto 5X No Leverage
Currency Futures Upto 2X Not Available
Currency Options Upto 2X Not Available
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 26.8 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 24.2 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 17.4 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 28.01 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 21.65 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 36.67 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 31.76 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 31.68 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 26.53 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 27.34 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 36.28 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 27.52 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 14.46 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 16.99 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 10.30 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 11.48 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 14.52 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 19.01 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 20.26 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 17.83 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 23.93 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 18.71 Crores
Debt FY21/22 Rs 10 Lakhs Rs 24.32 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 19.41 Crores
Profit to Equity(%) FY11/12 74.10 9.93
Profit to Equity(%) FY12/13 64.83 10.47
Profit to Equity(%) FY13/14 54.48 9.16
Profit to Equity(%) FY14/15 11.06 10.87
Profit to Equity(%) FY15/16 (10.69) 12.27
Profit to Equity(%) FY16/17 4.15 10.68
Profit to Equity(%) FY17/18 (16.74) 12.94
Profit to Equity(%) FY18/19 1.40 15.11
Profit to Equity(%) FY19/20 (8.05) 17.20
Profit to Equity(%) FY20/21 6.71 14.37
Profit to Equity(%) FY21/22 12.82 17.61
Profit to Equity(%) FY22/23 19.49 20.92
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 322 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 356 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 343 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 429.89 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 527.83 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 572.00 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 626.89 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 617.23 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 576.57 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 453.96 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 683.25 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 421.93 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than IDBI Capital ?

Canara Bank and IDBI Capital 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 IDBI Capital better than Canara Bank ?

Canara Bank and IDBI Capital 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 IDBI Capital ?

Canara Bank and IDBI Capital 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 IDBI Capital cheaper than Canara Bank ?

Canara Bank and IDBI Capital 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. IDBI Capital ?

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