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IIFL vs Nirmal Bang – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of IIFL vs Nirmal Bang. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IIFL & Nirmal Bang will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IIFL vs Nirmal Bang

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This IIFL & Nirmal Bang comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare Nirmal Bang & IIFL

Overview of IIFL / India Infoline & Nirmal Bang

OverviewIIFLNirmal Bang
Company TypePublicPrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaMumbai, India
FounderNirmal JainNirmal Bang
Established Year19951986

IIFL / India Infoline vs Nirmal Bang Customer Ratings Comparison

Customer RatingsIIFLNirmal Bang
Experience8.0/106.5/10
Products & Services8.0/106.2/10
Brokerage Charges & Fees6.3/106.7/10
Stock Research & Advisory6.5/106.0/10
Trading Platforms7.0/106.5/10
Overall Ratings7.1/106.4/10
Star Ratings★★★★☆★★★☆☆
Total Client Reviews293355

IIFL / India Infoline vs Nirmal Bang Demat Account Comparison

Demat ServicesIIFLNirmal Bang
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesRs.1300Zero
Demat AMC ChargesFree or Rs.300 per AnnumRs.200
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Minimum Rs.10,000
Offline to OnlineRR

Nirmal Bang vs IIFL / India Infoline Brokerage Charges Comparison

Brokerage Charge & FeesIIFLNirmal Bang
Equity Delivery Trading0.50%0.20%
Equity Intraday Trading0.05%0.02%
Commodity Options Trading0.05%NA
Equity Futures Trading0.05%0.02%
Equity Options TradingRs.100 per Lot or 1% of Premium (Takes higher Amount)Rs.35 per Lot
Currency Futures Trading0.05%0.02%
Currency Options TradingRs.100 per Lot or 1% of Premium (Takes higher Amount)Rs.20 per Lot
Minimum BrokerageRs.0.05 per SharePercentage of Transaction
Demat AMC ChargesFree or Rs.300 per AnnumRs.200
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Minimum Rs.10,000
Brokerage CalculatorIIFL Brokerage CalculatorNirmal Bang Brokerage Calculator

Nirmal Bang & IIFL / India Infoline Other Charges Comparison

Other ChargesIIFLNirmal Bang
Transaction Charges0.00325% of Total Turnover0.00390% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare Nirmal Bang & IIFL / India Infoline Offers

OffersIIFLNirmal Bang
Free Demat AccountRR
Free Trading AccountSR
Discount on BrokerageSR
Trading Happy HoursSS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersSR
Referral OffersRS
Zero Brokerage for Loss Making TradesSS

Compare Services of IIFL / India Infoline vs Nirmal Bang

ServicesIIFLNirmal Bang
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountSS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisorySS
PMSRR
Trading InstitutionSS
Trading ExposureUpto 10xUpto 10x

Compare Nirmal Bang & IIFL / India Infoline Research & Advisory

Research & AdvisoryIIFLNirmal Bang
Fundamental ReportsRS
Research ReportsRR
Company ReportsRS
Annual ReportsRS
Company Stock ReviewRS
Free Stock TipsRR
IPO ReportsRR
Top PicksRR
Daily Market ReviewRR
Monthly ReportsRS
Weekly ReportsRS
Offline AdvisoryRR
Relationship ManagerRR

IIFL / India Infoline vs Nirmal Bang Exposure/Leverage

Exposure / LeverageIIFLNirmal Bang
Equity DeliveryUpto 5xUpto 3x
Equity IntradayUpto 10xUpto 10x
Equity FuturesUpto 7xUpto 4x
Equity OptionsUpto 5xUpto 5x
Currency FuturesUpto 8xUpto 3x
Currency OptionsUpto 5xUpto 2x
CommoditiesUpto 8xUpto 3x
Margin CalculatorIifl Margin CalculatorNirmal Bang Margin Calculator

IIFL / India Infoline vs Nirmal Bang Product Comparison

ProductsIIFLNirmal Bang
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRR
BankingSS
SIPRR
InsuranceSR

IIFL / India Infoline vs Nirmal Bang Trading Platform Comparison

Trading PlatformsIIFLNirmal Bang
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformRS
Android App PlatformRR
iOS App PlatformRS
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRS
Easy InstallationRR
Global IndicesRR
Stock TipsRS
Personalized AdvisoryRS
Interactive ChartsRR
Live MarketsRR
SMS AlertsRS
Email AlertsRR
Multi Account ManagementRS

IIFL / India Infoline vs Nirmal Bang Customer Support

Customer SupportIIFLNirmal Bang
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRS
Chat SupportRS
Toll Free Number1800 3000 1155S
Branches12050

IIFL / India Infoline vs Nirmal Bang Customer Complaints

Complaints (Current Year)IIFLNirmal Bang
Lodged in BSE14564
Resolved in BSE12264
Lodged in NSE21491
Resolved in NSE21291

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