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

Last Updated Date - Jul 21, 2023

Here is a detailed comparison of Motilal Oswal vs Nirmal Bang. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Motilal Oswal & 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.

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

Now let’s Compare  Nirmal Bang & Motilal Oswal

Overview of Motilal Oswal & Nirmal Bang

Overview Motilal Oswal Nirmal Bang
Company Type Public Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, India
Founder Motilal Oswal, Raamdeo Agrawal Nirmal Bang
Established Year 1987 1986

Motilal Oswal vs Nirmal Bang Customer Ratings Comparison

Customer Ratings Motilal Oswal Nirmal Bang
Experience 9.0 / 10 6.5/10
Products & Services 8.4 / 10 6.2/10
Brokerage Charges & Fees 8.6 / 10 6.7/10
Stock Research & Advisory 8.2 / 10 6.0/10
Trading Platforms 8.8 / 10 6.5/10
Overall Ratings 8.60 / 10 6.4/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 2907 355

Motilal Oswal vs Nirmal Bang Demat Account Comparison

Demat Services Motilal Oswal Nirmal Bang
Depository Source NSDL & CDSL CDSL
Account Opening Charges Zero Zero
Demat AMC Charges Free (Rs 550 2nd year onward) Rs.200
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R R

Nirmal Bang vs Motilal Oswal Brokerage Charges Comparison

Brokerage Charge & Fees Motilal Oswal Nirmal Bang
Equity Delivery Trading 0.20% 0.20%
Equity Intraday Trading Rs 0 (Free for Lifetime) 0.02%
Commodity Trading Futures: 0.02% | Options: Rs 200 Per Lot 0.01%
Equity Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) 0.02%
Equity Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs 25
Currency Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) 0.02%
Currency Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs 20
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Free or Rs.550 per Annum (From 2nd year) Rs.200
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Motilal Oswal Brokerage Calculator Nirmal Bang Brokerage Calculator

Nirmal Bang & Motilal Oswal Other Charges Comparison

Other Charges Motilal Oswal Nirmal Bang
Transaction Charges 0.00335% of Total Turnover 0.00390% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Nirmal Bang & Motilal Oswal Offers

Offers Motilal Oswal Nirmal Bang
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free R S
Holiday Offers S R
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Motilal Oswal vs Nirmal Bang

Services Motilal Oswal Nirmal Bang
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Nirmal Bang & Motilal Oswal Research & Advisory

Research & Advisory Motilal Oswal Nirmal Bang
Fundamental Reports R S
Research Reports R R
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips S R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R S
Weekly Reports R S
Offline Advisory R R
Relationship Manager R R

Motilal Oswal vs Nirmal Bang Exposure/Leverage

Exposure / Leverage Motilal Oswal Nirmal Bang
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Motilal Oswal Margin Calculator Nirmal Bang Margin Calculator

Motilal Oswal vs Nirmal Bang Product Comparison

Products Motilal Oswal Nirmal Bang
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R R
Banking S S
SIP R R
Insurance S R

Motilal Oswal vs Nirmal Bang Trading Platform Comparison

Trading Platforms Motilal Oswal Nirmal Bang
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R S
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

Motilal Oswal vs Nirmal Bang Customer Support

Customer Support Motilal Oswal Nirmal Bang
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support R S
Email Support R S
Chat Support S S
Toll Free Number 1800 200 6626 S
Branches 85 50

Motilal Oswal vs Nirmal Bang Customer Complaints

Complaints (Current Year) Motilal Oswal Nirmal Bang
Lodged in BSE 178 64
Resolved in BSE 165 64
Lodged in NSE 145 91
Resolved in NSE 130 91

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