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

Find a Comparison of Canara Bank vs Zerodha 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 Zerodha.

Background

Year of Incorporation 1996 2010
Website https://www.canmoney.in/ https://zerodha.com
Phone 1800-22-0369 080-4718-1888
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE, BSE, MCX-SX & MCX
Demat (NSDL/CDSL) CDSL and NSDL CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday Rs 0 on Delivery & Rs 20 on Intraday
Equity Futures 0.04% Rs 20 or 0.03% (whichever is lower) per executed order
Equity Options Rs.50 per Lot Rs 20 per order
Currency Futures 0.04% Rs 20 or 0.03% (whichever is lower) per executed order
Currency Options Rs.50 per Lot Rs 20 per order
Commodity Rs.50 per Lot Rs 20 per order
Account Opening Costs

Trading only Free Free
Trading & Demat Free Free
Commodity Free Free
Transparency & other costs

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

Equity 0.00325% 0.00325% on Turnover
Futures 0.00325% 0.0021% on Contract Turnover
Options 0.00325% 0.053% on Premium Turnover
Commodities 0.00325% 0.0031% on Contract turnover
AMC charge Rs.500 per Annum Rs 300/year
DP Transaction Charge Rs 9 + GST Rs 13 per debit instruction
Offline order placing Charge Rs 20 per executed order Rs 20 per executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 365 days on Zerodha Pi
End of Day 5 Years 10 years on Zerodha Pi
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday 20x intraday
Equity Futures Upto 3X Upto 7x intraday leverage
Equity Options Upto 5X Buying no leverage, Shorting upto 7x leverage intrdaday
Currency Futures Upto 2X 2x intraday leverage
Currency Options Upto 2X Buying no leverage, Shorting upto 2x intraday leverage
Commodity Upto 2X 2.5x intraday leverage
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 2.4 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 5.8 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 10.27 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 10.58 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 10.99 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 11.02 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 11.36 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 11.75 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 11.98 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 12.13 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 12.38 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 12.87 Crores
Debt FY11/12 Rs 4.7 Lakhs 0
Debt FY12/13 Rs 5.2 Lakhs 0
Debt FY13/14 Rs 5.6 Lakhs 0
Debt FY14/15 Rs 6.1 Lakhs Rs 4.45 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 4.88 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 5.22 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 5.68 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 6.25 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 5.87 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 6.11 Crores
Debt FY21/22 Rs 10 Lakhs Rs 6.47 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 6.98 Crores
Profit to Equity(%) FY11/12 74.10 19%
Profit to Equity(%) FY12/13 64.83 24%
Profit to Equity(%) FY13/14 54.48 21%
Profit to Equity(%) FY14/15 11.06 21%
Profit to Equity(%) FY15/16 (10.69) 23%
Profit to Equity(%) FY16/17 4.15 26%
Profit to Equity(%) FY17/18 (16.74) 28%
Profit to Equity(%) FY18/19 1.40 29%
Profit to Equity(%) FY19/20 (8.05) 33%
Profit to Equity(%) FY20/21 6.71 36%
Profit to Equity(%) FY21/22 12.82 38%
Profit to Equity(%) FY22/23 19.49 39%
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 25.4 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 64.5 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 111.1 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 112.18 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 112.98 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 113.44 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 114.87 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 116.55 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 119.22 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 120.63 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 121.16 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 122.10 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than Zerodha ?

Canara Bank and Zerodha 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 Zerodha better than Canara Bank ?

Canara Bank and Zerodha 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 Zerodha ?

Canara Bank and Zerodha 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 Zerodha cheaper than Canara Bank ?

Canara Bank and Zerodha 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. Zerodha ?

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