FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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143,486 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency.
Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, they also offer a wide range of financial products like mutual funds, IPOs, fixed deposits & bonds, dedicated desk for NRIs and institutional clients, insurance broking(both life & general), clearing services, margin financing, investment banking, portfolio management, wealth advisory & research.
The company is a member of India's premier exchanges, namely, Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), National Multi Commodity Exchange of India Limited (NMCE) and MCX Stock Exchange Limited. Nirmal Bang is also depository participants (DP) of NSDL and CDSL.
Being a full-service broker, Nirmal Bang also offers in-depth and comprehensive research to its customers. The company's research team offers market insights, identifies and recommends investment opportunities to the customers. Major research services from the company include-
Nirmal Bang has built a strong network of regional offices and branches across India. Currently, the company has a physical presence in 16 states of India.
Nirmal Bang brokerage plans:
In this plan the brokerage is charged in % of the transaction. The brokerage charged in this plan is as below:
Nirmal Bang Charges | EQUITY Delivery | EQUITY Intraday |
---|---|---|
STT | 0.01% on both Buy and Sell | 0.025% on the Sell Side |
Transaction Charges | 0.0039% | 0.0039% |
Goods and Services Tax (GST) | 18% on Brokerage + Transaction Charge | 18% on Brokerage + Transaction Charge |
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Stamp Duty | 0.01% subject to a maximum of Rs 50 - Varies by State | 0.01% subject to a maximum of Rs 50 - Varies by State |
Nirmal Bang Charges | Futures | Options |
---|---|---|
STT | 0.01% on Sell Side | 0.017% on Sell Side(on Premium) |
Transaction Charges | 0.0024% | 0.057% on premium |
Goods and Services Tax (GST) | 18% on Brokerage + Transaction Charge | 18% on Brokerage + Transaction Charge |
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Stamp Duty | 0.01% subject to a maximum of Rs 50 - Varies by State | 0.01% subject to a maximum of Rs 50 - Varies by State |
Nirmal Bang Charges | Currency Futures | Currency Options |
---|---|---|
STT | No STT | No STT |
Transaction Charges | 0.0024% | 0.057% on premium |
Goods and Services Tax (GST)/B> | 18% on Brokerage + Transaction Charge | 18% on Brokerage + Transaction Charge |
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Stamp Duty | 0.01% subject to a maximum of Rs 50 - Varies by State | 0.01% subject to a maximum of Rs 50 - Varies by State |
Nirmal Bang Charges | Commodity Futures |
---|---|
CTT | 0.01% only on the sell side |
Transaction Charges | 0.0025% |
Goods and Services Tax (GST) | 18% on Brokerage + Transaction Charge |
SEBI Charges | 0.0001% (Rs 10/Crore) |
Stamp Duty (Maharashtra) | 0.01% subject to a maximum of Rs 50 - Varies by State |
Nirmal Bang Charge Structure Explanation:
For Resident Retail Customers and Corporates | |
---|---|
Particulars | Charges |
Account Opening | Nil |
Closure of Account | Nil |
First Year AMC | Rs 200 |
Annual Maintenance Charges | Rs 200 (Pro Rata) |
Demat Charges (Market & off Market) | 0.03% with Rs 25 minimum per debit instruction |
Dematerialisation Charges | Rs 40 (For every 50 certificate) |
Rematerialisation Charges | Rs 15 per certificate or 0.04% of value of securities whichever is higher |
Pledge Creation | Rs 100 or 0.02% whichever is higher |
Pledge Closure | Rs 100 or 0.02% whichever is higher |
Pledge Invocation | Rs 100 or 0.02% whichever is higher |
Rejection / fails | Nil |
Visit Nirmal Bang Brokerage Charges Review for more detail.
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Nirmal Bang offers multiple trading platforms based on customers investment style and needs.
Nirmal Bang is using ODIN trading platform which is one of the well known and famous platforms. It also works great on low bandwidth. ODIN is an application-based trading front office solution enabling clients to connect to Nirmal Bang servers via the Internet. It is a light-weight easily downloadable application which facilitates efficient trading and incorporates many appealing features required by active clients.
It is a web trading application from Nirmal Banh. The platform is built using HTML technology that works on any web browser and acts as a single stop for trading in a range of segments across exchanges. It offers many useful features to traders like real-time charting, multiple market watch, access to trade book/order book, net positions/holdings and instant fund transfer facility etc.
Beyond is a stock trading mobile application provided by Nirmal Bang. It allows its customers to trade on-the-move. The customers can use the app to trade in Equity, Derivatives, Commodities and Currency across NSE, BSE, NSEFO, MCX & NCDEX. This platform offers all the features like Live Reports, Place After Market Orders (AMO), Intraday and Historic charts, Multiple Market Watch, access to research calls, Branch Locator and in-app calling to dealer etc.
It is a risk management software which works in real-time and is connected to both Broking Back-office & DP Back-office during market hours. The software offers many benefits such as live exposure, ledger balance, positions and risk monitoring etc., in real-time during market hours.
LD Backoffice is a LIVE Back-office Software built using W2FP technology. It is directly connected to the main database and provides the same to a client as that H.O. or Branch. It offers features like access to 28 different reports with options to create own layout. Users can also export reports in multiple file formats and print it for their use.
In addition to the trading platforms discussed above, Nirmal Bang customers can also trade by-
Visit Nirmal Bang Trading Software Review for more detail.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
The following are the advantages of Nirmal Bang. You must read Nirmal Bang advantages and disadvantages before opening an account with Nirmal Bang. Nirmal Bang pros and cons help you find if it suits your investment needs.
The following are the cons of Nirmal Bang. Check the list of Nirmal Bang drawbacks.
Nirmal Bang margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Nirmal Bang F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Nirmal Bang F&O carry forward positions and equity delivery trades.
Segment | Margin | Leverage |
---|---|---|
Equity Delivery | 100% of trade value for T+5 days | 1x |
Equity Intraday | Up to 20% of trade value | 5x |
F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
Overall Rating | 2.8/5 |
Fees | 3.7/5 |
Brokerage | 3.5/5 |
Usability | 2.7/5 |
Customer Service | 2.4/5 |
Research Capabilities | 3.3/5 |
Based on 20 Votes by Nirmal Bang Customers
Do you trade with Nirmal Bang? Rate Nirmal Bang
The number of Nirmal Bang customer complaint received by the exchanges. The Nirmal Bang consumer complaint report helps understanding the Nirmal Bang Securities Pvt Ltd quality and relibility of service.
Exchange | Financial Year | Number of Clients* | Complaints** | % |
---|---|---|---|---|
NSE | 2024-25 | 143,486 | 12 | 0.01% |
NSE | 2023-24 | 143,486 | 49 | 0.03% |
BSE | 2023-24 | 61,871 | 8 | 0.01% |
NSE | 2022-23 | 127,169 | 61 | 0.05% |
BSE | 2022-23 | 40,946 | 2 | 0% |
NSE | 2021-22 | 133,686 | 50 | 0.04% |
BSE | 2021-22 | 39,491 | 8 | 0.02% |
NSE | 2020-21 | 123,213 | 61 | 0.05% |
BSE | 2020-21 | 36,217 | 2 | 0.01% |
NSE | 2019-20 | 95,618 | 71 | 0.07% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Nirmal Bang Complaints at BSE, NSE and MCX for detail report.
You need to submit a signed account closure form to Nirmal Bang's office to close your demat and trading account. The account cannot be closed online.
Steps to close Nirmal Bang account
Before submitting the account closure form, ensure:
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Are you a Zerodha Customer?
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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Ratings:
Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Above Average
Overall Experience - Excellent