Anand Rathi and Bajaj Broking are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Anand Rathi is listed as a Public Discount Broker , established in 1994 and headquartered in Mumbai, while Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Anand Rathi or Bajaj Broking is a better fit for your investment style, platform preference, and budget.
Anand Rathi is listed as a Public Discount Broker established in 1994 with headquarters in Mumbai and founded by Anand Rathi. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Standard Plan brokerage structure.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Freedom Pack, Professional Pack, Signature Pack.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Anand Rathi vs Bajaj Broking — A Comprehensive Company Overview
| Company Overview | Anand Rathi | Bajaj Broking |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Pune, Maharashtra |
| Founder | Anand Rathi | Jamnalal Bajaj |
| Establishment Year | 1994 | 2010 |
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Anand Rathi and Bajaj Broking.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Anand Rathi charges 0.30% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Anand Rathi charges 0.30% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity futures: This charge applies to futures contracts on stocks and indices. Anand Rathi charges 0.30% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity options: This charge applies to equity option contracts. Anand Rathi charges Rs.50 per Lot while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Anand Rathi charges 0.03% of Transaction Value while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity options: This charge applies to option contracts on commodity instruments. Anand Rathi charges Rs.25 per Lot while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Currency futures: This charge allows participation in forex price movements on the exchange. Anand Rathi charges 0.03% of Transaction Value . Bajaj Broking does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Anand Rathi charges Rs.25 per Lot . Bajaj Broking does not currently list a charge for this segment.
Anand Rathi vs Bajaj Broking — Detailed Brokerage Comparison
| Brokerage | Anand Rathi | Bajaj Broking |
|---|---|---|
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
| Subscription Charges | Zero | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year |
| Equity Delivery | 0.30% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Intraday | 0.30% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Future | 0.30% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Option | Rs.50 per Lot | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Future | 0.03% of Transaction Value | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Option | Rs.25 per Lot | Starting ₹10 per order (Freedom Pack ₹20) |
| Currency Future | 0.03% of Transaction Value | N/A |
| Currency Option | Rs.25 per Lot | N/A |
Anand Rathi provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Anand Rathi and Bajaj Broking both list an Android trading app.
iOS app: Anand Rathi and Bajaj Broking both list an iOS trading app.
Web trading platform: Anand Rathi and Bajaj Broking both list a web trading platform.
Desktop trading terminal: Anand Rathi and Bajaj Broking both list a desktop trading terminal.
Algo trading: Anand Rathi and Bajaj Broking both list algo trading support.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Anand Rathi and Bajaj Broking both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Bajaj Broking lists a bonds investment platform, while Anand Rathi does not currently mention it.
Anand Rathi vs Bajaj Broking — Complete Comparison of Trading Platforms
| Trading Platform | Anand Rathi | Bajaj Broking |
|---|---|---|
| Android App | Anand Rathi Android App Link | Yes |
| iOS App | Anand Rathi iOS App Link | Yes |
| Web Trading Platform | Anand Rathi Web Trading Link | Yes |
| Trading Terminal | Available | Yes |
| Algo Trading Platform | Available | Yes |
| Foreign Stocks Platform | NA | N/A |
| Basket Trading Platform | NA | N/A |
| Mutual Fund Platform | Available | Yes |
| Digital Gold Platform | NA | N/A |
| Bonds Platform | NA | Yes |
Anand Rathi highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Bajaj Broking promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Anand Rathi and Bajaj Broking offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Anand Rathi and Bajaj Broking offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Anand Rathi and Bajaj Broking offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Anand Rathi and Bajaj Broking offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Anand Rathi and Bajaj Broking offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Anand Rathi and Bajaj Broking offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Anand Rathi and Bajaj Broking offer this feature.
Live market: Live updates on market movements and trends. Both Anand Rathi and Bajaj Broking offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Anand Rathi offers this; Bajaj Broking does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Anand Rathi offers this; Bajaj Broking does not currently highlight it.
Anand Rathi vs Bajaj Broking — Comprehensive Comparison of Trading Features
| Trading Feature | Anand Rathi | Bajaj Broking |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | N/A |
| Customised Recommendations | No | N/A |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | N/A |
| Robust & Secure Platform | Yes | N/A |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Anand Rathi and Bajaj Broking.
Free account opening: Anand Rathi and Bajaj Broking both list free account opening.
Free AMC: Anand Rathi and Bajaj Broking both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Anand Rathi and Bajaj Broking both list flat brokerage pricing.
Flexible brokerage plans: Anand Rathi and Bajaj Broking both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Anand Rathi lists free research reports, while Bajaj Broking does not currently mention it.
Free trading calls: Anand Rathi and Bajaj Broking both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Anand Rathi offers Rs.250 per Client for referrals; Bajaj Broking does not currently list a referral offer.
Anand Rathi vs Bajaj Broking — Comparison of Latest Offers
| Offer | Anand Rathi | Bajaj Broking |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes, Limited | Yes |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | N/A |
| Free Delivery Trading | No | N/A |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | N/A |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Rs.250 per Client | N/A |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | N/A |
| Zero Brokerage for Loss-Making Trades | No | N/A |
Product availability determines whether a broker can support your preferred markets. Anand Rathi highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, insurance, corporate bonds, government bonds and bonds.
Anand Rathi vs Bajaj Broking — Complete Comparison of Products
| Product | Anand Rathi | Bajaj Broking |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | N/A |
| Currency Future | Yes | N/A |
| Foreign Stocks | Yes | N/A |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | Yes | No |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | N/A |
| Digital Gold | No | N/A |
Demat services: Anand Rathi and Bajaj Broking both list Demat services.
Trading services: Anand Rathi and Bajaj Broking both list trading services.
Intraday services: Anand Rathi and Bajaj Broking both list intraday trading services.
F&O services: Anand Rathi and Bajaj Broking both list F&O services.
IPO services: Anand Rathi and Bajaj Broking both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Anand Rathi and Bajaj Broking both list stock research.
Stock recommendations: Anand Rathi lists stock recommendations, while Bajaj Broking does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Anand Rathi and Bajaj Broking both list share pledging.
PMS or PCG: Anand Rathi and Bajaj Broking both list PMS or PCG support.
NRI services: Anand Rathi and Bajaj Broking both list NRI services.
Anand Rathi provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Bajaj Broking offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Anand Rathi vs Bajaj Broking — In-Depth Comparison of Services
| Service | Anand Rathi | Bajaj Broking |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | N/A |
| Trading Education | No | N/A |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Anand Rathi and Bajaj Broking.
Anand Rathi and Bajaj Broking — Detailed Comparison of Advisory Services
| Advisory | Anand Rathi | Bajaj Broking |
|---|---|---|
| Fundamental Reports | Yes | N/A |
| Research Reports | Yes | Yes |
| Company Reports | Yes | N/A |
| Annual Reports | No | N/A |
| IPO Reports | Yes | N/A |
| Technical Reports | Yes | N/A |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | N/A |
| Daily Market Review | No | Yes |
| Monthly Review | No | N/A |
| Weekly Review | No | N/A |
| Relationship Manager | Yes | N/A |
| Robo Advisory | No | N/A |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Anand Rathi and Bajaj Broking across different segments.
Anand Rathi and Bajaj Broking — Comprehensive Comparison of Trading Exposure
| Exposure | Anand Rathi | Bajaj Broking |
|---|---|---|
| Equity Delivery | 1x | 1x (MTF up to 3.5x in selected stocks) |
| Equity Intraday | Upto 5x (Depends on Stocks) | Up to 5x |
| Equity F&O Carry Forward | 1x | 1x (no additional margin) |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x (no additional margin) |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | N/A |
Anand Rathi lists a sub-broker program, while Bajaj Broking does not currently mention it. Anand Rathi lists a partner program, while Bajaj Broking does not currently mention it. Anand Rathi lists a referral program, while Bajaj Broking does not currently mention it.
Anand Rathi vs Bajaj Broking — Comparative Analysis of Programs
| Program | Anand Rathi | Bajaj Broking |
|---|---|---|
| Sub-Broker Program | Yes | N/A |
| Partner Program | Yes | N/A |
| Referral Program | Yes | N/A |
Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Broking provides support through trading desk support, call support, email support and website support. Anand Rathi operates Available branches. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches.
Anand Rathi and Bajaj Broking — Comprehensive Comparison of Customer Support
| Support Channel | Anand Rathi | Bajaj Broking |
|---|---|---|
| Trading Support | Available, Free | Yes |
| Dedicated Dealer | Available, Free | N/A |
| Call Support | 0291-6661001 | Yes (1800-833-8888) |
| Email Support | [email protected] | Yes ([email protected]) |
| WhatsApp Support | NA | N/A |
| Website Support | Website Link | Yes (https://www.bajajbroking.in/knowledge-center) |
| Facebook Support | Facebook Support Link | — |
| Twitter / X Support | Twitter Support Link | — |
| Telegram Support | Telegram Support Link | — |
| Branches / Offices | Available | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Anand Rathi carries an overall rating of 7.90 / 10, while Bajaj Broking carries an overall rating of 3.6 / 5.
Anand Rathi vs Bajaj Broking — Ratings Comparison
| Rating Parameter | Anand Rathi | Bajaj Broking |
|---|---|---|
| Overall Rating | 7.90 / 10 | 3.6 / 5 |
| Customer Support | 7.87 / 10 | 3.5 / 5 |
| Technology | 7.99 / 10 | 3.5 / 5 |
| Charges | 7.93 / 10 | 3.5 / 5 |
| Products & Services | 7.85 / 10 | 4.0 / 5 |
| Experience | 7.84 / 10 | N/A |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Anand Rathi & Bajaj Broking — Comparison of Customer Complaints
| Complaint Metric | Anand Rathi | Bajaj Broking |
|---|---|---|
| Total Complaints Lodged | 35 | 34 (NSE, FY 2026-27, against 65,587 active clients) |
| Total Complaints Resolved | 30 | N/A |
| % of Resolved Complaints | 85.71% | N/A |
| Non-Actionable Complaints | 3 | N/A |
| % of Non-Actionable Complaints | 8.57% | N/A |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Anand Rathi and Bajaj Broking.
Anand Rathi vs Bajaj Broking — Detailed Comparison of Transaction Charges
| Transaction Charges | Anand Rathi | Bajaj Broking |
|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE 0.00345% | BSE varies by scrip group |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE 0.00345% | BSE varies by scrip group |
| Equity Future | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE 0.002% | BSE Nil or 0.05% of traded value |
| Equity Option | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE 0.053% on premium | BSE Nil or 0.05% of traded value |
| Commodity Future | N/A | |
| Commodity Option | N/A | |
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | N/A |
| Currency Option | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | N/A |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Anand Rathi & Bajaj Broking — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Anand Rathi | Bajaj Broking |
|---|---|---|
| Pledge Creation Charges | - | ₹40 + GST |
| Pledge Invocation Charges | - | ₹50 + GST per ISIN |
| Margin Trading Interest | - | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Anand Rathi and Bajaj Broking — Detailed Comparison of Hidden / Other Charges
| Charge | Anand Rathi | Bajaj Broking |
|---|---|---|
| SEBI Turnover Charges | 0.0001% (₹10/Crore) of the turnover | ₹10 per crore (0.0001%) |
| DP Charges | - | ₹30 per ISIN per debit transaction |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on brokerage, transaction charges and SEBI fees |
| Account Closure Charges | - | N/A |
| Reactivation Charges | - | N/A |
| Dematerialisation Charges | - | ₹100 per request + ₹100 per certificate + GST |
| Call & Trade Charges | - | ₹20 + GST per executed order |
Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free). Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0.
Anand Rathi vs Bajaj Broking — Detailed Comparison of Demat Charges
| Demat Charges | Anand Rathi | Bajaj Broking |
|---|---|---|
| Account Opening Charges | Free | ₹0 |
| Annual Maintenance Charges (AMC) | Rs.450 per Year (1st Year Free) | ₹0 |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Anand Rathi vs Bajaj Broking — Comparative Analysis of STT and CTT Charges
| STT & CTT | Anand Rathi | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.1% on both Buy & Sell sides | 0.1% on both buy and sell |
| Equity Intraday | 0.025% on the Sell side only | 0.025% on sell side |
| Equity Future | 0.0125% on the Sell side | 0.05% on sell side |
| Equity Option | 0.0625% on premium value | 0.15% of premium on sell side |
| Commodity Future | 0.01% on sell side (Non-Agri) | 0.01% on sell side (non-agri) |
| Commodity Option | 0.05% on sell side | 0.01% on sell side (non-agri) |
| Currency Future | NA | No STT |
| Currency Option | NA | No STT |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Anand Rathi and Bajaj Broking — Comparison of Stamp Duty Charges
| Stamp Duty | Anand Rathi | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.015% | 0.015% (buy side) |
| Equity Intraday | 0.003% | 0.003% (buy side) |
| Equity Future | 0.002% | 0.002% (buy side) |
| Equity Option | 0.003% | 0.003% (buy side) |
| Commodity Future | 0.002% | 0.002% (buy side) |
| Commodity Option | 0.003% | 0.003% (buy side) |
| Currency Future | 0.0001% | 0.0001% (buy side) |
| Currency Option | 0.0001% | 0.0001% (buy side) |