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

Last Updated Date - Nov 19, 2022

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

Zerodha vs Nirmal BangIn 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 Zerodha & Nirmal Bang comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Nirmal Bang Zerodha

Overview of Zerodha & Nirmal Bang

Overview Zerodha Nirmal Bang
Company Type Private Private
Broker Type Discount Broker Full Service Broker
Headquarters Bangalore, India Mumbai, India
Founder  Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh Nirmal Bang
Established Year 2010 1986

Zerodha vs Nirmal Bang Customer Ratings Comparison

Customer Ratings Zerodha Nirmal Bang
Experience 8.7 / 10 6.5/10
Products & Services 9.4 / 10 6.2/10
Brokerage Charges & Fees 9.5 / 10 6.7/10
Stock Research & Advisory 9.6 / 10 6.0/10
Trading Platforms 8.5 / 10 6.5/10
Overall Ratings 9.14 / 10 6.4/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 5893 355

Zerodha vs Nirmal Bang Demat Account Comparison

Demat Services Zerodha Nirmal Bang
Depository Source CDSL CDSL
Account Opening Charges Rs.200 Zero
Demat AMC Charges Rs.300 per Annum Rs.200
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

Nirmal Bang vs Zerodha Brokerage Charges Comparison

Brokerage Charge & Fees Zerodha Nirmal Bang
Equity Delivery Trading Rs 0 (Free) 0.20%
Equity Intraday Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Commodity Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.01%
Equity Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Equity Options Trading Flat Rs 20 per executed order (on Turnover) Rs 25
Currency Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.02%
Currency Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs 20
Minimum Brokerage Zero Percentage of Transaction
Demat AMC Charges Rs.300 per Annum Rs.200
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Zerodha Brokerage Calculator Nirmal Bang Brokerage Calculator

Nirmal Bang & Zerodha Other Charges Comparison

Other Charges Zerodha Nirmal Bang
Transaction Charges 0.00325% 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 Rs 10 / 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 & Zerodha Offers

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

Compare Services of Zerodha vs Nirmal Bang

Services Zerodha 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 S R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Nirmal Bang & Zerodha Research & Advisory

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

Zerodha vs Nirmal Bang Exposure/Leverage

Exposure / Leverage Zerodha 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 Zerodha Margin Calculator Nirmal Bang Margin Calculator

Zerodha vs Nirmal Bang Product Comparison

Products Zerodha 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 S R
Banking S S
SIP R R
Insurance S R

Zerodha vs Nirmal Bang Trading Platform Comparison

Trading Platforms Zerodha 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

Zerodha vs Nirmal Bang Customer Support

Customer Support Zerodha Nirmal Bang
Dedicated Dealer S R
Offline Trading S R
Online Trading R R
24*7 Support R S
Email Support R S
Chat Support R S
Toll Free Number S S
Branches Zero 50

Zerodha vs Nirmal Bang Customer Complaints

Complaints (Current Year) Zerodha Nirmal Bang
Lodged in BSE 220 64
Resolved in BSE 217 64
Lodged in NSE 189 91
Resolved in NSE 185 91

 


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