If you’ve ever asked your Canara Bank branch about investing in shares, you’ve probably heard the name CanMoney. It is the online trading platform of Canara Bank Securities Ltd – and for many Canara customers, it is their first-ever trading platform.
This doesn’t automatically mean that it is the one that’s right. Well, in this CanMoney review I’ll do what most review pages do not, and that is show you the actual tariff, run real trades through it and compare it with the apps your friends use to see how close or far off they are on the final bill.
Short version? While trustworthy and convenient for Canara bank customers, CanMoney is quite expensive, like a 2010 era broker. It all depends on how often you trade, if it’s a good trade-off for you or not. Let’s dive into the details.
CanMoney at a Glance
| Parameter | Details |
|---|---|
| Broker | Canara Bank Securities Ltd (CBSL) |
| Parent | Canara Bank (100% subsidiary; Government of India undertaking) |
| Incorporated | 1996 (CIN: U67120MH1996GOI097783) |
| Headquarters | Maker Chambers III, Nariman Point, Mumbai |
| Broker type | Bank-based full-service broker |
| Exchanges | NSE (cash, F&O, currency), BSE (cash, F&O) |
| Depository | NSDL (DP ID IN301356; SEBI reg. IN-DP-300-2016) |
| Research | SEBI-registered Research Analyst (INH000001253) |
| Platforms | canmoney.in web, CanMoney app (Android/iOS), Dial-to-Trade |
| Delivery brokerage | 0.35% (standard plan) |
| Intraday brokerage | 0.05% per leg (standard plan) |
| Options brokerage | ₹50 per lot |
| Demat AMC | ₹500/year (with CBSL trading account) |
| Commodity (MCX) | Not offered as per CBSL’s product list |
CanMoney Review: Our 2026 Rating
We score every broker on the same five parameters. Weights reflect what actually costs or saves Indian retail investors money.
| Parameter (weight) | Score /10 | Why |
|---|---|---|
| Brokerage & charges (30%) | 4.5 | 0.35% delivery and ₹50/lot options are well above discount apps |
| Trust & regulation (25%) | 9.0 | PSU bank parent, SEBI-registered, NSDL DP, funds stay in your bank |
| Platforms & technology (20%) | 5.5 | Functional web and app; few advanced tools; app updates are infrequent |
| Products & research (15%) | 7.0 | Equity, F&O, currency, IPO, 45+ MF houses, free research calls |
| Support & onboarding (10%) | 7.0 | Branch network and relationship managers; onboarding still partly offline |
| Overall (weighted) | 6.5 / 10 | Good for cautious investors; costly for active traders |
Who Runs CanMoney? Company Background
CanMoney is not a new entity, but an online brand of Canara Bank Securities Ltd (CBSL), an wholly owned brokerage of Canara Bank. CBSL was incorporated in 1996 and then went on to launch canmoney.in, an online trading platform. Consequently, it runs in a conservative manner with compliance being the top priority, directed by senior officials of Canara Bank.
Why ownership is important—there are two reasons. First, your trading account is on top of a Canara Bank savings or current bank account, meaning there is no need to make UPI transfers or payment gateway. Second, CBSL has the option to use Canara bank’s branch chain – it mentions that it has dedicated depository relationship managers in over 35 cities including Ranchi, Patna, Coimbatore, Thrissur and more.
CanMoney Brokerage Charges 2026
CBSL gives you three brokerage structures. You pick one at account opening and can switch later for ₹100 per request. Here’s the honest breakdown.
Plan 1: Normal Brokerage Option (NBO)
| Segment | CanMoney NBO brokerage |
|---|---|
| Equity delivery | 0.35% on buy and on sell |
| Equity intraday | 0.05% per leg |
| Futures (carry forward) | 0.10%; intraday futures at the non-delivery rate |
| Equity options | ₹50 per lot – sell side only for intraday, both sides for carry forward |
| Currency futures | ₹15 per lot, each leg |
| Currency options | ₹5 per lot, each leg |
| Penny stocks (₹10 or below) | 1 paisa per share |
| IPO & mutual fund orders | Free |
Plan 2: Upfront Brokerage Option (UBO)
Pay a fixed amount for a month, a quarter, or a year and receive lowered percentage rates in exchange. Should your actual monthly commission fees turn out to be less than the fixed fees paid at the beginning of the period, then CBSL gives back a refund for the difference which is such a small yet really investor-friendly policy.
| UBO tier | Monthly / Yearly fee | Delivery | Intraday | Futures | Options/lot* |
|---|---|---|---|---|---|
| Standard | ₹299 / ₹1,800 | 0.30% | 0.035% | 0.07% | ₹25 |
| Silver | ₹499 / ₹3,500 | 0.25% | 0.03% | 0.06% | ₹20 |
| Gold | ₹999 / ₹7,500 | 0.20% | 0.025% | 0.05% | ₹15 |
| Platinum | ₹3,999 / ₹15,000 | 0.16% | 0.02% | 0.04% | ₹10 |
*Per-lot option rates apply on the quarterly and yearly UBO plans.
Plan 3: Turnover Based Option (TBO)
The delivery and intraday rates are bundled and the same rate is charged on either side according to the turnover of that day: 0.25% if the turnover is less than ₹5 lakh; 0.15% if the turnover is between ₹5–20 lakh; 0.10% if the turnover is between ₹20–50 lakh; and 0.07% if the turnover is ₹50 lakh or more. This is only appropriate for high volume delivery traders.
Small-trade relief: If delivery orders are below ₹5,715 and intraday orders are below ₹40,000, then brokerage will be capped at 0.35% or lower as per the regulatory directive – if you buy 2,000 worth of a stock in a SIP style, you won’t pay the brokerage at 0.35%.
Statutory Charges You Pay on Top (2026 Rates)
These are the same at every broker and are often missing from CanMoney reviews. F&O rates reflect the Budget 2026-27 STT hike, effective 1 April 2026.
| Charge | Delivery | Intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% buy & sell | 0.025% sell | 0.05% sell | 0.15% of premium (sell) |
| Stamp duty (buy) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI fee | ₹10/crore | ₹10/crore | ₹10/crore | ₹10/crore |
| Exchange txn charge | ~0.003% (NSE) | ~0.003% (NSE) | ~0.0018% (NSE) | ~0.0355% of premium |
| GST | 18% on brokerage + exchange + SEBI charges | Same | Same | Same |
When it comes to demat transactions, clients of CanMoney must incur a debit transaction charge of 0.015% of the value sold (with the least being ₹14.50 and the maximum ₹375) every time shares exit the account. For a full spectrum of AMC, pledge, and demat charges, take a look at Canara Bank demat account guide.
What CanMoney Actually Costs: Three Real Trades
Percentages hide the real damage, so here are three trades run through CanMoney’s NBO plan and a typical ₹20-per-order discount broker. Brokerage only, before GST.
| Trade | CanMoney (NBO) | Typical discount app | Difference |
|---|---|---|---|
| Delivery: buy & sell ₹1,00,000 of shares | ₹700 | ₹0–₹40 | ₹660–₹700 |
| Intraday: buy & sell ₹5,00,000 | ₹500 | ₹40 | ₹460 |
| Options: 2 lots, bought & sold same day | ₹100 | ₹40 | ₹60 |
| Options: 2 lots, carried overnight | ₹200 | ₹40 | ₹160 |
For comparison’s sake, consider an example of full delivery contract notes. To buy ₹1,00,000 of shares using CanMoney NBO is priced at around ₹350 brokerage + ₹100 STT + ₹15 stamp duty + ~₹3 exchange fees + ~₹64 GST – which brings a total of around ₹532 for the buy leg only. Just as an example, on zero-delivery-brokerage platforms one ends up spending just about ₹119. All statutory stuff remains the same, which means that brokerage creates the gap here.
What makes CanMoney relatively attractive for an investor who makes 10-12 delivery orders (buy or sell) a year, each worth about ₹25,000 is the fact that they would only end up spending about ₹875-₹1,050 on brokerage a year. Annoying, but not catastrophic. But an intraday or F&O trader would end up feeling it every single day as well, as the 2026 STT hike already affected this group.
Rule of thumb for a trader: if your monthly brokerage on NBO is higher than ₹600-₹700, Silver or Gold UBO plan would work better for you. Just take a look at the three last month’s contract notes and do the calculations before making the choice.
CanMoney Trading Platforms
canmoney.in Web Platform
Most of the trading for CanMoney clients takes place on the browser platform. It encompasses orders with respect to the orders placed on products, holdings/positions, fund holds on linked bank accounts, orders which are placed for opening new IPO Applications, mutual fund orders through BSE StAR MF, Research Calls and digitally signed contract notes. It is functional, but more of a banking portal than a trading platform – charting and depth are limited.
CanMoney Mobile App
CanMoney has been published by Canara Bank Securities Ltd on Android and iOS. It provides you access to the real-time quotes of the NSE and BSE, a watchlist, the ability to place, edit or cancel orders, etc.
My personal opinion, this is a light-weight application for accessing holdings and for placing simple orders. It’s available on the App Store at version 4.6.1 (2025-06), and has received just a few ratings (so it has a small, mostly older user base and is slow to update). Don’t find chains with greeks, basket orders, GTT triggers or TradingView charts.
Dial-to-Trade
Orders can be placed over the telephone with your client ID and a 4 digit TPIN. This is a huge advantage if you’re old school and/or don’t like using apps, and many discount brokers require you to pay more for this service.
What’s Missing
- No MCX commodity trading listed in CBSL’s product range
- No public trading APIs or algo-trading support
- No dedicated desktop terminal for retail clients highlighted in current CBSL documents
- Limited advanced charting and analytics compared with Kite, Upstox Pro or Dhan
Products and Services on CanMoney
| Product | What it is | Who it suits |
|---|---|---|
| Cash & Carry (CNC) | Regular delivery buying with 100% funds on hold | Long-term investors |
| Intraday (IDT) | Same-day trades on exposure; squared off around 3:10 pm | Day traders |
| Margin Plus | Intraday with a mandatory stop-loss, for extra exposure | Disciplined intraday traders |
| BITSOT | Buy today, sell tomorrow before shares hit your demat | Short-term swing trades |
| F&O | NSE futures and options | Derivatives traders |
| Currency derivatives | NSE currency futures and options | Hedgers, forex traders |
| IPO / OFS / buyback / SGB | Online IPO bids; OFS, buyback and SGB applications | Primary-market investors |
| Mutual funds | 45+ AMCs via BSE StAR MF platform | SIP investors |
| Gold ETF & AMO | Gold ETF trading and after-market orders | Working professionals |
Research and Advisory
CBSL is a SEBI registered Research Analyst (INH000001253) and distributes free trade calls and research reports to its clients. A good reward for a bank broker. However, take any call as an idea and not an instruction – check the stop-loss, how big the position is, if it’s a call that fits the plan or not.
Margin & Exposure: How CanMoney Handle Your Money!
- CanMoney is not traditional as in “add money to broker. Rather, it blocks cash in your connected Canara Financial institution account:
- Delivery buys: 100% of the amount of the order is paid to the bank account of the seller at the time of the order.
- Delivery sells: You receive the same exposure as the trade proceeds on the delivery day, up till T+2.
- Intraday: exposure is multiple of the amount of funds held at CBSL’s discretion.
- F&O and currency: exchange SPAN and exposure margin plus any additional margin determined by the CBSL.
- Risk Control: Intraday trades can be closed out when 80% of the allocated money has been consumed by mark to market losses.
The good part is safety – you never lose your money. The bad news is that CBSL’s current list of products does not have a facility to trade on margins, something that many discount apps have today.
How to Open a CanMoney Account
Three linked accounts, namely Canara bank savings/current account, CBSL demat account and CBSL online trading account are required. The usual procedure is:
- Apply online from the CanMoney sign-up link on the Depository Services page for Canara Bank or request the 3-in-1 form from the home branch.
- Have PAN, Aadhaar phone (eKYC/eSign), bank details (account number with IFSC), cancelled cheque, bank statement and a scanned signature, ready.
- Select your brokerage plan (NBO, UBO or TBO) and opt out or add up to three nominees as necessary for single-holder accounts from 1 September 2026.
- Make an initial account kit fee and verify the account.
- After your client ID is sent by CBSL, you need to call CBSL’s dedicated line to turn on the trading otherwise your account remains inactive.
- Log in, enter your login and trade passwords and your 4 digit TPIN and you’re off to the races.
If you already have your net banking account with Canara, and you just need a demat account, then you can avail the service without any charges through the “Insta Demat” procedure under the Demat tab with NSDL, and then proceed to buy or sell through CanMoney.
Use the user ID provided by CBSL to sign in to canmoney.in or the app for CanMoney. The account can be considered inactive and locked after six months of having no logon activity, requiring reactivation by written or registered-email request.
Is CanMoney Safe? Regulation and Trust
| Registration / safeguard | Details |
|---|---|
| Stock broker | SEBI-registered member of NSE and BSE |
| Depository participant | NSDL, SEBI reg. IN-DP-300-2016, DP ID IN301356 |
| Research analyst | SEBI reg. INH000001253 |
| Ownership | 100% subsidiary of Canara Bank |
| Client funds | Held in your own Canara Bank account until needed |
| Securities | Held in your name at NSDL |
| Alerts | NSDL SMS/email alerts on debits, credits and KYC changes |
Route for filing complaints: [email protected] (broking) or [email protected] (demat) → NSE/BSE/NSDL customer grievances cells → SEBI SCORES → SMART ODR for online arbitration. Remember to save your complaint number throughout the different stages.
Safety tip in 2026: The Canara Bank’s website is now functional on the domain canarabank.bank.in. Always use canmoney.in, canarabank.bank.in and official applications and never update your TPIN or trade password, even to someone like a branch worker.
What’s New for CanMoney Traders in 2026
- Higher STT on F&O from 1 April 2026: futures 0.05% (from 0.02%), options premium 0.15% (from 0.10%). CanMoney’s F&O costs have now become one of the highest among the brokerage portals for the retail traders when combined with the brokerage fee of ₹50 per lot.
- SEBI’s nomination system from 1st September 2026: Up to three nominees are allowed to be added to a single-holder demat account or formally opt-out.
- AMC discount brokers’ changes: Zerodha has introduced a new resident account by deleting the first year AMC (from 1 June 2026) while CanMoney retains its one-year AMC at ₹500.
- Canara bank has switched to .bank.in: an anti-phishing tip for customers.
CanMoney Pros and Cons
Pros
- Owned by a public sector bank – very high trust factor
- Money stays on hold in your own bank account until trades settle
- Seamless 3-in-1 setup for Canara Bank customers
- Branch and relationship-manager support across 35+ cities
- Dial-to-Trade with TPIN for phone orders
- Free IPO and mutual fund orders; free research calls
- Upfront plans refund unused brokerage at month-end
Cons
- 0.35% delivery brokerage – among the costliest in India in 2026
- ₹50 per lot on options vs ₹20 per order at discount apps
- ₹500 yearly demat AMC
- No MCX commodity trading, no APIs, limited charting
- App updates are slow and the user base is small
- Manual trading-account activation; partly offline onboarding
- Account gets locked after six months without login
CanMoney vs Popular Indian Trading Apps (2026)
| Feature | CanMoney | Zerodha | Groww | Angel One | Upstox |
|---|---|---|---|---|---|
| Delivery | 0.35% | ₹0 | ₹20 or 0.1% | ₹20 or 0.1% | ₹20/order |
| Intraday | 0.05%/leg | ₹20 or 0.03% | ₹20 or 0.1% | ₹20 or 0.1% | ₹20 or 0.1% |
| Options | ₹50/lot | ₹20/order | ₹20/order | ₹20/order | ₹20/order |
| Demat AMC | ₹500/yr | ₹0 yr 1, ₹300 later | ₹0 | ₹0 yr 1, ₹240 later | ₹0 yr 1, ₹300 later |
| Commodity (MCX) | No | Yes | Yes | Yes | Yes |
| Branch support | Yes | No | No | Limited | No |
| Funds stay in bank | Yes | No | No | No | No |
| Best for | Cautious Canara customers | Active traders | Beginners | Research seekers | Tech-savvy traders |
Figures are as published by each broker and reported between August and October 2026; check their pricing pages before opening an account. Discount-broker delivery minimums (₹5) and AMC slabs vary by plan.
Who Should Choose CanMoney?
CanMoney is a good choice for customers of Canara Bank who occasionally invest, like to visit bank branches, and prefer to keep their funds with their own bank. Senior citizens and inexperienced investors who prefer being guided through the investment process rather than looking for the lowest rates will be comfortable with this platform.
Avoid using CanMoney if you need to conduct intraday transactions or F&O trades more than a couple of times per month, want to trade commodities or deal with sophisticated charts and analytics of options.
FAQs about CanMoney Review
What is CanMoney?
CanMoney is an online trading platform of Canara Bank Securities Ltd, an all India wholly owned subsidiary of Canara Bank. It enables you to trade in equity, F&O and currency derivatives on NSE and BSE, and invest in IPOs and mutual funds with a 3-in-1 account.
What are CanMoney brokerage charges in 2026?
CanMoney levies charges @ 0.35% on the Normal Brokerage Option, ₹50 per lot on options, 0.05% per leg on intraday and 0.10% per leg on carry-forward futures. Upfront plans reduce delivery brokerage to the range of 0.30% to 0.16%.
Is CanMoney a SEBI-registered broker?
Yes. Canara Bank Securities Ltd has been registered with SEBI as a stock broker at NSE and BSE and also as an NSDL depository participant (IN-DP-300-2016) and as a research analyst (INH000001253).
What is the AMC for a CanMoney demat account?
Demat AMC is ₹500 per year + GST for individual clients with a CBSL trading account. No fees, charges or annual maintenance for trading account.
Does CanMoney offer commodity trading?
Demat AMC is ₹500 per year + GST for individual clients with a CBSL trading account. No fees, charges or annual maintenance for trading account.
How do I log in to CanMoney?
Use the client ID and password provided by CBSL to log in to canmoney.in or the CanMoney App. All new accounts must be activated by calling CBSL and accounts that haven’t logged in for 6 months will be locked.
Is CanMoney good for beginners?
CanMoney is designed for newbies who bank with Canara and desire branch support and a safe setup with Canara bank. Traders who trade frequently may save money and be more simple using a discount application.
What is the Upfront Brokerage Option on CanMoney?
The Upfront Brokerage Option provides a discount on brokerage and allows one to pay ₹299 to ₹3,999 per month, or ₹1,800 to ₹15,000 annually. CBSL refunds the difference (if actual brokerage for the month is lower than fee paid).
How did the 2026 STT hike affect CanMoney traders?
The STT on futures will be increased to 0.05% from 1 April 2026 and on options premium to 0.15% from the same date. As for F&O trading on CanMoney, costs have shown an increase as CanMoney’s options brokerage is at ₹50 per lot.
Is CanMoney better than Zerodha or Groww?
CanMoney is superior in terms of trust, branch support, and holding money within your bank account. Zerodha and Groww have lower brokerage rates of ₹0–₹20 for delivery order and ₹20 per Options order, and provide more sophisticated trading features.
Conclusion: Our CanMoney Review Verdict
There is only one tradeoff in this CanMoney review. The security of a public sector bank, money that never leaves your bank account unless you need it, and a branch you can walk into. As a trade-off, you end up paying noticeably higher on each and every trade and using an antiquated platform that has not caught up with the modern apps.
We give CanMoney 6.5 out of 10 stars. A decent fit for conservative, long term Canara bank customers particularly on an upfront brokerage plan. For traders who have an active day trading or F&O portfolio, numbers just don’t need to align in its favour in 2026.
