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About Bajaj Financial
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL.
BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities.
BFSL has two trading platforms - BFSLTrade App (m... 
About INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmoney acts as a trading and clearing member of NSE, BSE and BSE Star MF and provides transparency and se...
Incorporated in 2010, Bajaj Financial is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.
| Bajaj Financial | INDmoney | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE |
| Year of Incorporation | 2010 | 2019 |
| Number of Branches | 6 | 1 |
| Open Bajaj Financial Account | Open INDmoney Account |
Bajaj Financial trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Bajaj Financial Demat Account AMC Charges is Rs 199 (Free for 1st year) and INDmoney Demat Account AMC Charges is Rs 0.
| Bajaj Financial | INDmoney | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 899 per year | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 199 (Free for 1st year) | Rs 0 |
Bajaj Financial brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.
| Account Type | Bajaj Financial Freedom Plan | INDmoney Standard Plan |
|---|---|---|
| Fixed Charges | Rs 431 per year | |
| Equity Delivery | Rs 0 (Free) | 0.05% of order value or Rs 20, whichever is lower |
| Equity Intraday | Rs 20 per order | 0.05% of order value or Rs 20, whichever is lower |
| Equity Futures | Rs 20 per order | Rs 20 per executed order |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | ||
| Currency Options | ||
| Commodity Futures | ||
| Commodity Options | ||
| Special Offer | Special Offer: Freedom Pack - Free Account Opening + Brokerage Free Equity Delivery + Flat Rs 20 Per Trade Brokerage for Intraday & F&O Open FREE Trading Account. | Special Offer: Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Bajaj Financial | INDmoney | |
|---|---|---|
| Account Type | Professional Pack | Standard Plan |
| Fixed Charges | Rs 2500 per year | |
| Equity Delivery | Rs 0 (Free) | 0.05% of order value or Rs 20, whichever is lower |
| Equity Intraday | Rs 10 per order | 0.05% of order value or Rs 20, whichever is lower |
| Equity Futures | Rs 10 per order | Rs 20 per executed order |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | ||
| Currency Options | ||
| Commodity Futures | ||
| Commodity Options | ||
| Open Bajaj Financial Account | Open INDmoney Account |
| Minimum Brokerage | Rs 5 per executed order | Rs 2 |
| Other Charges | RMS Auto-Square off: Rs 20 per order | |
| Call & Trade Charges | Rs 20 per trade | Rs 500 |
| Open Bajaj Financial Account | Open INDmoney Account |
Bajaj Financial margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Bajaj Financial | INDmoney | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Bajaj Financial Account | Open INDmoney Account |
The trading platforms offered Bajaj Financial include BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website). INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.
| Bajaj Financial | INDmoney | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | | |
| Margin Trading Funding |  | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) | INDmoney App, INDstocks App and INDmoney Web Platform |
| Intraday Square-off Time | 3:15 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Bajaj Financial Account | Open INDmoney Account |
Bajaj Financial is rated of 5 based on 16 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.
| Bajaj Financial | INDmoney | |
|---|---|---|
16 Customer Reviews  | 1 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  |  |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating |  | |
| Broker Rating | Bajaj Financial is Rated 3.0 / 5 based on 16 customer reviews | INDmoney is Rated 4.0 / 5 based on 1 customer reviews |
| Bajaj Financial | INDmoney | |
|---|---|---|
| Contact Broker | Freedom Pack - Free Account Opening + Brokerage Free Equity Delivery + Flat Rs 20 Per Trade Brokerage for Intraday & F&O Open FREE Trading Account. | Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Bajaj Financial | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Bajaj Financial | INDmoney | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Bajaj Financial Account | Open INDmoney Account |
| Bajaj Financial | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Bajaj Financial | INDmoney | |
|---|---|---|
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| Reviews | ||
| Promo / Offers | Bajaj Financial Special OfferFreedom Plus Pack (Lifetime AMC Free)
This is a limited-time offer. Simply leave your contact information with us and Bajaj Financial representatives will contact you. | INDmoney Special OfferFree stock trading and mutual funds Account
Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today. |
| Open Bajaj Financial Account | Open INDmoney Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Bajaj Financial Account
