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Indmoney review with Charges

Indmoney review with Charges
Brand: Indmoney
Category: Stock brokers

Our Rating

The overall rating is based on review by our experts

7.8
  • Users Rating 8 / 10
  • Features 8 / 10
  • Brokerage Charges & Fees 8 / 10
  • User Interface 9 / 10
  • Customer Support 6 / 10

Indmoney is an Indian investment platform that provides users with access to Indian stocks, mutual funds, and ETFs. It was founded in 2016 by Ashish Kashyap.

Indmoney review

How is the Indmoney app most asked question when investing in Indian & US stocks. Today we are going to do the Indmoney review.

Let’s begin with the Indmoney app review and answer a common asked ‘Is Indmoney safe?

What is Indmoney

Indmoney is a personal finance management app that helps you track your expenses, set budgets and save money. It is available for free on Android and iOS devices.

The app has a simple and user-friendly interface. You can add expenses under different categories and set budgets for each category.

Indmoney is a great app for people who are looking to save money and manage their finances better. It is easy to use and provides helpful insights into your spending habits.

Stocks buy and hold recommendations on INDmoney
Buy and hold recommendations on INDmoney

How Indmoney works

The Indian stock market is one of the most volatile and complex in the world. With over 5,000 listed companies and billions of dollars worth of transactions taking place every day, it can be difficult to keep track of everything that’s going on.

Also read: How to earn money daily online without investment

That’s where Indmoney comes in. It is a financial technology company that provides stock market tracking and analysis tools to help investors make better-informed decisions. The platform enables users to track real-time stock prices, news, and trading activity, as well as access detailed company financials and research.

With Indmoney, you can stay on top of the Indian stock market and make the most informed investment decisions possible.

If you want a platform that can track everything from daily expenses/investments to credit scores.

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Is Indmoney Safe?

Is Indmoney safe is a question often asked. Yes, the Indmoney is safe. In order to track your spendings, such as credit card and bank transactions, Indmoney requests permission to access your messages and emails. You could be concerned about whether or not your information is in secure hands.

It only reads information from bank emails and messages and ignores all other emails and messages.

Indmoney is SEBI regulated
Indmoney is SEBI regulated

It is a secure platform that helps you manage your finances and make payments easily. The app is developed by a team of experts who are committed to providing the best possible experience to users. The app is regularly updated with the latest security features to ensure that your data is always protected.

Indmoney has been managing its cloud infrastructure with Amazon Web Services (AWS), a best-in-class cloud infrastructure provider, in accordance with the AWS Well-Architected Framework.

An authenticated encryption protects the data that is stored. In addition, Bishop Fox – A Google Partner does a security check for Indmoney.

Bishopfox is a highly esteemed company that offers safe platforms. Global industry leaders such as Zoom, Amazon, Google, and Coinbase all utilize Bishopfox to provide their customers with the highest possible level of protection.

Indmoney bishopfox security
Indmoney bishopfox security

Because of this, using Indmoney to share information about your bank account, credit card, or other forms of financial information is completely risk-free.

Indmoney is a registered investment advisor with the Securities and Exchange Board of India (SEBI). Read privacy practices of Indmoney

Option for a Reliable Chat

If you are a premium member of Indmoney, you have access to a rich talking feature that is referred to as “chat with your expert.” This feature is powered by “Freshchat,” which is recognized as one of the most reliable and secure chatting systems available.

Indmoney Strong privacy policy
Indmoney’s Strong privacy policy

The absence of an in-house talking platform, on the other hand, raises eyebrows since most major firms of this magnitude avoid using third-party apps and instead have their own systems created in-house in order to provide more secure platforms.

It is safe for you to discuss your sensitive information with their specialists through chat; nevertheless, it is up to you to decide whether or not doing so feels comfortable to you.

Indmoney strong access control
Indmoney strong access control

Read also: Teji Mandi Review: Is it worth Investing in the Teji Mandi portfolio?

Indmoney Brokerage

Indmoney stock alerts in notifications
INDmoney stock alerts in notifications

lNDmoney A/C opening- ₹0/-

KYC- ₹0/- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking money- ₹0/-

Add family member- ₹0/-

Indmoney US Stocks charges

US Stocks A/C opening- ₹0/-

KYC- ₹0/-

Super saver account opening charges- ₹0/-

Fund Withdrawal Charges- $5 (lowest in India)

Tracking charges- ₹0/-

Account maintenance charges- ₹0/-

Trading charges- ₹0/-

Charges outside of lNDmoney- Check here

Mutual Funds

lNDmoney A/C opening- ₹0/-

KYC- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking charges- ₹0/-

Switch from Regular to Direct- ₹0/-

SIP- ₹0/-

Rebalancing- ₹0/-

US Stocks A/C opening- ₹0/-

KYC- ₹0/-

Super saver account opening charges- ₹0/-

Fund Withdrawal Charges- $5 (lowest in India)

Tracking charges- ₹0/-

Account maintenance charges- ₹0/-

Trading charges- ₹0/-

Charges outside of lNDmoney- Check here

FD

FD A/C opening-

Indmoney super saver FD interest rates upto 6.5%
INDmoney super saver FD interest rates upto 6.5%

KYC- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking charges- ₹0/-

Charges outside of lNDmoney- Check here

track your net worth across assets and liabilities such as bank balance, stocks, EPF, PPF, bonds, mutual funds, loans, credit cards & insurances on Indmoney
Track your net worth across assets and liabilities such as bank balance, stocks, EPF, PPF, bonds, mutual funds, loans, credit cards & insurance on Indmoney

Tracks all your stocks and mutual funds investments, expenses, credit cards, and insurance plans in one place.

Investing in US stocks without paying a commission

Money transfer to a US stock account with no hassles

Cheapest withdrawal charge from a US stock account

Interest rates on FDs are higher.

Provides Advisory And Portfolio Management

Allows to buy Fractional Shares

How do Indmoney investors get dividends from US stocks?

The dividend amount will be automatically deposited to your Indmoney account when stocks pay dividends. These dividends are taxed at a rate of 25% at the point of receipt. As a result, the money you receive in your US stock account as a dividend payment will be after tax. You will earn $7.5 if a US-based stock declares a dividend of $10. In India, however, your tax liability is assessed at $10.

You may, however, deduct this tax in your yearly income tax returns in India and receive full credit for it. When you open a US stock account and become a premier member of Indmoney, they handle all of the paperwork for you, allowing you to take advantage of this tax benefit.

check buy and sell recommendations of stocks
Check buy and sell recommendations of stocks
Track stocks daily across multiple brokers and get buy or sell recommendations
Track stocks daily across multiple brokers and get buy or sell recommendations

Advantages of Indmoney

People usually use spreadsheets to manage and track their money, but it quickly becomes inconvenient to update assets and maintain the current worth of your assets. Indmoney has solved this problem by forming partnerships and integrating with many platforms, automating the entire process.

Track crypto portpolio on Indmoney
Track crypto portpolio on INDmoney

Once you start tracking your net worth, the app will provide you with personalized financial advice, such as:

You may save an extra 1.5 percent by moving from regular to direct mutual funds.

Rebalancing or refinancing your existing home loans to lower your EMI.

Identifying any non-viable investments (poorly rated debt instruments).

Increasing your ideal money’s earning potential by shifting part of it from savings accounts to liquid funds, and much more.

The app also allows you to invest directly in mutual funds, US stocks, bonds, and PMS, among other products and backs each one with high-quality, unbiased research and advising.

Expense tracking is included in the app to assist you in keeping track of and optimizing your costs and budget.

The app is actually a Super Money App, since it covers all elements of your personal money and those of your family.

Furthermore, Indmoney is a SEBI-registered company that assures bank-level data protection; the security assessment was performed by Bishop-Fox, a reputable security firm that is Google-certified.

Tracks all your stocks and mutual funds investments, expenses, credit cards, and insurance plans in one place.

Investing in US stocks without paying a commission

Money transfer to a US stock account with no hassles

Cheapest withdrawal charge from a US stock account

Interest rates on FDs are higher.

Provides Advisory And Portfolio Management

Allows to buy Fractional Shares

Indmoney user reviews

These are some of the Indmoney reviews written by users:

I appreciate using the IND money app for investing in U.S. equities for a number of different reasons. One of the reasons for this is that it is really simple to use and straightforward to browse. One further incentive is that it offers a wealth of information, including stock quotations, news, and analyst ratings, which can all be accessed via it.

Abhay Shukla

I like the Indmoney for several reasons. It is very user-friendly and easy to navigate. Second, it offers a wide variety of features and tools that make it a great resource for investors. Third, it is constantly being updated with new features and information, which makes it an valuable resource for anyone interested in investing in US stocks. Finally,

Rimjhim Sachadeva

The customer service is excellent and they are always willing to help with any questions or concerns you may have.

Surender Sharma

I like that it comes with a built-in tool for managing my portfolio, which allows me to monitor the progress of my assets at any time.

Sumit Agrawal

Conclusion

Indmoney is a great app for tracking your expenses and saving money. It’s easy to use and has a lot of features that make it very helpful. The app is free to download and use, and it’s available for both iOS and Android devices.

I’ve been using Indmoney for a few months now, and it’s really helped me to stay on top of my finances and save money. The app is very user-friendly and has a lot of features that are really helpful, like the ability to track your spending, set budgets, and see where you can cut back on expenses.

I have been using the Indmoney for a while now and I absolutely love it! It is so convenient and easy to use. I can track all of my expenses and income in one place, which is really helpful. The app also has a great budgeting feature that I have been using to help save money. Overall, I highly recommend the Indmoney to anyone who is looking for a good financial tracking and budgeting tool. The app can help you track your net worth across assets and liabilities such as bank balance, stocks, EPF, PPF, bonds, mutual funds, loans, credit cards, and various other instruments.

Overall, I highly recommend Indmoney to anyone looking for a great app to help them save money and stay on top of their finances. It’s helped me a lot, and I’m sure it can help others too!

FAQs

What is Indmoney referral code

Indmoney referral code

Indmoney referral code is DEEQQ01USS. Use during signup to support us.

How to use code in Indmoney

When you join up with Indmoney, you will be given the option to redeem a referral code. You can use the code DEEQQ01USS to open an account for free.

Indmoney review

Indmoney is a great app for investing in US Stocks. It helps save money and manage finances. It’s simple to use and offers spending insights. Use referral code DEEQQ01USS on signup to support us.

Is Indmoney safe

Yes, Indmoney is safe. Indmoney wants permission to access your messages and emails to monitor your spending. You may worry about your data’s safety. It only reads bank emails and ignores others.

How is Indmoney app?

Indmoney is a great app for tracking your expenses and saving money. It’s easy to use and has a lot of features that make it very helpful. The app is free to download and use, and it’s available for both iOS and Android devices.

All Indmoney Charges

Charges & Features

Company Overview

Company name Indmoney- Finzoom Investment Advisors Private Limited
Headquarters Gurugram, Haryana
Founder Ashish Kashyap
Establishment Year 2019

Account opening & AMC

Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0

Pledge Charges

Pledge Creation Charges Does not provide
Pledge Invocation Charges Does not provide
Interest on Margin Trading Does not provide
Margin Re-Pledge Does not provide

Brokerage charges & Fees

Brokerage Plan Standard
Equity Delivery Charges ₹20 or 0.05% whichever is lower
Equity Intraday Charges ₹20 or 0.05% whichever is lower
Equity Futures charges Flat ₹20 per executed order
Equity Options charges Flat ₹20 per executed order
Currency Futures charges Does not offer
Currency Options charges Does not offer
Commodity Futures charges Does not offer
Commodity Options charges Does not offer

Customer services offered

Demat Services ✅Yes
Trading Services ✅Yes
Intraday Services ✅Yes
F&O Services ✅Yes
IPO Services ✅Yes
Share Pledging ⛔No
NRI Services ⛔No
Referral Program ✅Yes

Customer Support

Call Support 07314852049
Email Support instockssupport@indmoney.com
Whatsapp Support ⛔No
Website Support ✅Yes, Create ticket

Leverage (Margin) Offered

Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage No leverage available; you need the full purchase value in your account.
Equity F&O Intraday Margin Leverage No leverage available; you need the full purchase value in your account.
Equity F&O Carry Forward Margin Leverage No leverage available; you need the full purchase value in your account.
Currency F&O Margin Leverage Does not offer
Commodity F&O Intraday Margin Leverage Does not offer
Commodity F&O Carry Forward Margin Leverage Does not offer

Unique Offerings

Free Account Opening ✅Yes
Free Brokerage ✅Yes, IPOs & Mutual Funds only
Free AMC ✅Yes
Free Equity Delivery ⛔No
Free F&O Trading ⛔No
Free Intraday Trading ⛔No
Free Trading calls ⛔No
Happy Trading Hours ⛔No
Flexible Brokerage Plans ✅Yes
Referral Offers ✅Yes
Margin Funding (MTF)/ Pledging ⛔No
Brokerage Cashback ⛔No
Zero Brokerage for Loss Making Trades ⛔No
Relationship Manager ⛔No

Services Provided

Equity Delivery ✅Yes
Equity Intraday ✅Yes
Equity Futures ✅Yes
Equity Options ✅Yes
Currency Futures ⛔No
Currency Options ⛔No
Commodity Futures ⛔No
Commodity Options ⛔No
Foreign Stocks ✅Yes
Mutual Funds ✅Yes
Banking ⛔No
Insurance ⛔No
Corporate Bonds ⛔No
Govt. Bonds ⛔No
Digital Gold ⛔No

Order Types

Market Order ✅Yes
Limit Order ✅Yes
Bracket Order ✅Yes
Cover Order ✅Yes
After Market Order (AMO) ✅Yes
Good Till Cancelled (GTC) ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No

Research & Reports

Annual Reports ✅Yes
Company Reports ✅Yes
Research Reports ⛔No
Fundamental Reports ✅Yes
IPO Reports ✅Yes
Technical Reports ✅Yes
Stock tips ⛔No
Daily Market Review ✅Yes
Monthly Review ✅Yes
Weekly Review ✅Yes
Robo Advisory ⛔No

STT & CTT Charges

Equity Delivery STT & CTT 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on sell transactions
Equity Futures STT & CTT 0.0125% on sell side
Equity Options STT & CTT 0.0625% on sell side (on premium)
Currency Futures STT & CTT ⛔ Does not offer
Currency Options STT & CTT ⛔ Does not offer
Commodity Futures STT & CTT ⛔ Does not offer
Commodity Options STT & CTT ⛔ Does not offer

Trading Features

Watchlist ✅Yes
Real Time Updates ✅Yes
Portfolio Details ✅Yes
Price Alert ✅Yes
Online Mutual Fund Buy ✅Yes
Global indices ✅Yes
Customized Recommendations ⛔No
Advanced charting ⛔No
Live market ✅Yes
Multiple Profile Management ⛔No
Secure Platform ✅Yes

Trading Platforms

Android App ✅Yes
iOS App ✅Yes
Web Trading Platform ✅Yes
Trading Terminal ⛔No
Algo Trading Platform ⛔No
Foreign Stocks Trading Platform ✅Yes
Basket Trading Platform ⛔No
Mutual Fund Investment Platform ✅Yes
Digital Gold Investment Platform ⛔No
Bonds Investment Platform ⛔No

Transaction Charges

Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325%
Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325%
Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero)
Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (on premium)
Currency Futures Transaction Charges Does not offer
Currency Options Transaction Charges Does not offer
Commodity Futures Transaction Charges Does not offer
Commodity Options Transaction Charges Does not offer

Stamp Duty charges

Equity Delivery Stamp Duty 0.015% Buy
Equity Intraday Stamp Duty 0.003% Buy
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty ⛔ Does not offer
Currency Options Stamp Duty ⛔ Does not offer
Commodity Futures Stamp Duty ⛔ Does not offer
Commodity Options Stamp Duty ⛔ Does not offer

Other Charges

SEBI Turnover Charges ₹10/Crore (For all segments)
DP Charges ₹13.5/scrip
GST charges 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free
Reactivation Charges Free
Dematerialization Charges ₹250 per certificate
Call and Trade charges ₹ 500 per order

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