Nirmal Bang Review, Brokerage Charges, Demat A/C, Platfroms & more
Nirmal Bang is one of the largest stock and share market trading firm available in India.
In this content, we will have a detailed discussion regarding Nirmal Bang reviews, brokerage charges, flat rates, demat account, trading account, trading platforms and many more.
Nirmal Bang Customer Ratings & Review
|Products & Services||6.2/10|
|Brokerage Charges & Fees||6.7/10|
|Stock Research & Advisory||6.0/10|
|Total Client Reviews||355|
About Nirmal Bang
|Broker Type||Full Service Broker|
Nirmal Bang is the most popular stock broking and trading services providing company available in the country. It is offering broking services to the customers since 1986.
The headquarters of the broking firm is located in Mumbai, India. It has gained popularity due to its stock trading platform available to its customers. It is also good at offering brilliant advisory services and effective trading platforms to all of its customers.
The broking house offers stock trading services to all its customers through multiple methods which include- online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The company is registered in India’s premier stock exchanges including, BSE- Bombay Stock Exchange Ltd, NSE- National Stock Exchange Ltd, NCDEX- National Commodity & Derivatives Exchange Ltd, MCX- Multi Commodity Exchange of India Ltd, MCX Stock Exchange Ltd and NMCE- National Multi Commodity Exchange of India Ltd. It also has a membership as a depository participant (DP) in CDSL and NSDL.
Being a renowned stockbroking firm, it has around 30+ years of experience in the online stock market. The company normally offers trading and financial services both.
It’s trading services include, derivatives, equities, currency, commodities, and financial services include- mutual funds, fixed deposits, bonds, dedicated desk for institution customers and NRIs, insurance broking, margin financing, clearing services, portfolio management, investment banking, and wealth research & advisory.
Nirmal Bang has branches and regional office across the country. Its physical presence is available in around 16 states of the nation.
Get a Call back from Nirmal Bang
Nirmal Bang Brokerage Charges & Fees
|Brokerage Charge & Fees|
|Equity Options||Rs 25|
|Currency Options||Rs 20|
|Minimum Brokerage||Percentage of Transacton|
|Demat AMC Charges||Rs.200|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.10,000|
|Brokerage Calculator||Nirmal Bang Brokerage Calculator|
Nirmal Bang Pvt Ltd is an online stock broking company that levy brokerage charges on the basis of the transaction. Normally, the company has designed a basic plan based on percentage.
In this brokerage plan, the brokerage charged on the basis of a specified percentage of transactions.
As per the basic plan given above, the company charge 0.20% on equity delivery trading, 0.02% on equity intraday, equity futures and currency futures.
The stockbroking company does charge Rs.25 per lot on equity options trading and Rs.20 per lot on currency options trading.
It also charges Rs.200 on yearly basis for demat account maintenance and minimum margin money taken from the users is Rs.10,000.
Find Brokerage Charges of other Brokers
|Sharekhan||Edelweiss||Indiabulls Ventures||Kotak Securities|
|Angel Broking||HDFC Securities||India Indoline / IIFL||Motilal Oswal|
|Axis Direct||ICICI Direct||Karvy||Upstox|
Compare Stock Brokers
Nirmal Bang Other Charges
|SEBI Turnover Charges||0.00005% (Rs.5/Crore)|
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
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
18% on (Brokerage + Transaction Charge + SEBI Fee)
|Margin Funding Charges||NA|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||NIL|
|Dematerialisation Charges||Rs 40 (For every 50 certificate)|
|Pledge Creation||Rs 100 or 0.02% whichever is higher|
|Pledge Invocation||Rs 100 or 0.02% whichever is higher|
|Margin Pledge/Unpledge/ Pledge closure||Rs 100 or 0.02% whichever is higher|
|Margin Repledge||Rs 35 per ISIN|
Apart from brokerage charges, the company levy some other charges including- 0.00390% of total turnover as transaction charges, 0.0126% of total turnover as STT.
They also charges 0.00005% of total turnover as SEBI charges, 18% of brokerage and transaction charges is levied as GST.
And the stamp duty charges are dependent on the opted state. The other charges are customised with minimal amount which will not affect your profit on investment.
As for the other charges you must stay updated about, check the following bullets.
- Demat Charges – On and off market demat charges are levied at the rate of 0.03% with Rs 25 minimum per debit instruction.
- Dematerialisation – Charges for availing this service are Rs 40 (For every 50 certificate).
- Rematerialisation – Willing to have statements in physical form, you have to pay Rs 15 per certificate or 0.04% of value of securities whichever is higher.
- Pledge Charges – Rs 100 or 0.02% whichever is higher is the designated charges for Pledge creation, Pledge Closure and Pledge invocation individually.
Nirmal Bang Demat Account Opening Fees
|Account Opening Fees|
|Trading Charges [One Time]||Rs 0|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Rs 200|
|Margin Money||Minimum Rs.10,000|
|Offline to Online||Yes|
The Nirmal Bang is the highly renowned stock broking company. Its depository source is CDSL.
The company does not charge fees for opening a demat and trading account but it charges Rs.200 annually for demat account maintenance.
The margin money charged by the company is a minimum of Rs. 10000. It is also good at offering offline to online option for trading.
Nirmal Bang Offers
The table given below is providing details regarding the Nirmal Bang Offers-
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
List of Nirmal Bang Offers-
- The opening of a demat account for free.
- Trading account opening for free.
- Offers a suitable discount on brokerage.
- Provide flexible brokerage plan for the convenience of users.
- Flexible and convenient holiday offers are also provided to attract a large number of customers.
The company usually provide qualitative trading and broking services to all the clients for huge satisfaction. Personalized customers support is also offered to investors. And the company allows the customer to trade up to 10 times a day.
To know about offers of other stock brokers check below
|SBI Smart||Aditya Birla Money||Asit C Mehta Investment||Bonanza Portfolio|
|Narnolia Securities||Alice Blue Online||Astha Trade||Choice Broking|
|Zerodha||Anand Rathi||BMA Wealth Creators||Geojit Finance|
How to open demat account with Nirmal bang?
To open up a demat account with Nirmal Bang is very easy and simple. The account opening process is provided in detailed below –
- First of all, you have to fill up the form by clicking one the green “Open Demat Account” button below.
- Fill it with accuracy and click on to submit for submitting the form.
- After that, the executives from the company will receive the demat form and give you a call clearly verify it.
- And then they will fix an appointment according to the prospects.
- After that, you will be required to provide some necessary documents including- PAN details, Aadhar details, POA and photograph, etc.
- Once you submit all the documents, the sales executive will give you a confirmation regarding the demat account in 3-4 hours.
- After confirmation, you will be able to access the account.
Why Open Nirmal Bang Trading Account?
The various reasons to open trading account with Nirmal Bang are below –
- Nirmal Bang company is good at providing versatile brokerage plan to all of its clients.
- Offers opening of demat and trading account for free of cost.
- Provides superfast and effective trading platforms accessible to all kinds of devices and browser as well.
- It enables users to make investments in all type of assets including- currency, commodity, derivatives, equity and others.
- It provides a good team for giving feedback as well as resolving complaints.
Nirmal Bang Products & Services
Below is the various products & services provided by the broking house –
Products offered by Nirmal Bang
The complete list of products & services offered to the clients of Nirmal Bang given below in table chart-Nirmal Bangs one of the key products is equities trading.
The stockbroking company is best at providing complete guidance and effective trading solutions to help investors in creating effective and well-informed decisions for investments in the stock market.
The company enables clients to buy and sell stocks online, get effective stock research reports, designed and well-structured customer support and advisory services as well.
Here is the quick list of products offered by Nirmal Bang company are as follows-
- Equity Trading
- Commodity Trading
- Currency Trading
- Mutual Funds
The products given above are offered with minimum and nominal prices with maximum life security. The products are customized on the basis of customer requirements and needs as well.
And the personalized and well-structured customer support make all the things more impressive and attractive as well.
Nirmal Bang Services
|3 in 1 Acount||No|
|Trading Exposure||Upto 10x|
The Nirmal Bang stock broking offers a huge range of services to all its clients including-
- Demat Account Services
- Trading Account Services
- Stock Recommendations
- IPO Services
- Intraday Services
- Depository Services
- PMS Services etc.
The Nirmal Bang company offers portfolio management service to its clients for taking effective investment decisions.
The company assists investors regarding strategic and diverse portfolios comprising of numerously varied securities including bonds, derivatives, equity shares, fixed deposit and more.
Nirmal Bang is also good at providing asset management services with good customer support. It has very flexible terms of payment which provide convenience to all the investors or traders. The customer can access their investment portfolio online for versatility and ease.
The main service of the stockbroking company is to offer qualitative services for a demat account. The company provides technology-enabled trading as well as demat account.
Proper expert advice and technical assistance in the form of deep research reports are also provided to the customers.
Customers or investors also get effective intraday services, IPO services, and depository services which basically assist them in buying and selling of stocks, currency and more on the same day.
Also, investment advisory services are provided by the company for more convenience and satisfaction.
Nirmal Bang Research & Advisory
Check out the table given below to know the entire details regarding Nirmal Bang Stock Tips & Research Advisory-
|Research & Advisory|
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
Nirmal Bang is the leading stock broking company provides stock research reports, IPO reports, top picks, free stock tips, daily market review, and offline advisory.
The good thing about the company is it assign a relationship manager to all the investors and traders for satisfaction and convenience.
Nirmal Bang Exposure/ Leverage
|Exposure / Leverage|
|Equity Delivery||Upto 2x|
|Equity Intraday||Upto 10x Intraday|
|Equity Future||Upto 2x|
|Margin Calculator||Nirmal Bang Margin Calculator|
The stockbroking house basically offers up to 10x leverage to all of its clients. It provides higher exposure in equity intraday. Next on the list for high exposure is Equity Future, with 2x, followed by Commodity Future for Upto 1x.
Find Exposure or Margin of other Stock Brokers
|IDBI Direct||KIFS Trade Capital||5Paisa||Prabhudas Lilladher|
|Jhaveri Securities||Mastertrust Capital||Groww||Profitmart|
|JM Financial||Monarch Networth Capital||Paytm Money||Reliance Securities|
Nirmal Bang Trading Platforms
Nirmal Bang Pvt Ltd is good at serving people with effective trading platforms accessible for browser & devices as well. Let us have a detailed discussion about the trading platforms of the company –
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||No|
|Android App Platform||Yes|
|iOS App Platform||No|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||No|
Nirmal Bang Trading Terminal – ODIN
Nirmal Bang offers ODIN trading platform which is known as one of the best platforms. It assists in meeting investment needs and style.
It works really well with the low bandwidth. The broking house is basically an app-based platform allow users to connect with servers of Nirmal Bang through the internet.
ODIN is a lightweight application which can be downloaded or installed easily. It offers effective trading and also includes various satisfactory features needed by the users.
Nirmal Bang Web Trading Platform – NET NET
NET NET is a web-based trading app provided by the stockbroking firm. The app is designed on HTML technology which works well on any web browser.
It normally acts as the only efficient stop for trading in various segments of stock exchanges.
It is great at offering several appealing features to investors namely, multiple market watch, real-time charting, access to order book or trade book, net holdings/positions as well as immediate fund transfer facility.
Nirmal Bang Beyond Mobile App
Nirmal Bang company provide beyond stock trading application. It assists users to easily trade in Derivatives, Equities, Currency and Commodities across BSE, NSE, MCX, NSEFO, and NCDEX.
This type of trading platform provides effective features including- holistic and intraday charts, live reports, multiple market watch, branch locator, in-app calling to the manager, and place aftermarket orders, etc.
Nirmal Bang LD Rakshak
LD Rakshak software manages risk which works smoothly and efficiently while trading. The best thing is it is connected with DP back-office and broking back office during the stock market hours.
The LD Rakshak is good at providing numerous benefits including- risk monitoring, ledger balance, exposure, positions, etc.
Nirmal Bang LD-Client Level Software
LD-Client software is based in a live back office designed with W2FP technology. This software of Nirmal Bang is connected to the key database and also offers the same thing to all the clients.
The software is associated with effective features like- access to all 28 reports and also enable users to make their own layout. For satisfaction, users can export reports in various file formats.
Apart from these trading terminals, the Nirmal Bang users can also buy and sell stock through following ways-
Branch Visit – As the stockbroking company has various branches as well as regional office available across the nation so customers can visit any regional or branch office located near their residence and place online orders.
Call n Trade – The company has Call n Trade facility for its customers. With the activation of this facility, the executives from the company will place orders on their behalf. On the website of the company, some dedicated numbers are available for the activation of Call n Trade orders.
Nirmal Bang Customer Support
|Toll Free Number||No|
The Nirmal Bang Pvt Ltd is the topmost stock broking house offers good support and service to all its clients. The company offers online and offline trading options to the customers.
It has around 50 branches all over the nation through which customers can get help regarding any issue.
Nirmal Bang Complaints (Current Year)
|Complaints (Current Year)|
|Lodged in BSE||64|
|Resolved in BSE||64|
|Lodged in NSE||91|
|Resolved in NSE||91|
The complete list of complaints and resolved complaints is given below-
As per the above chart, the Nirmal Bang is one of the best stock broking company which resolve complaints of clients regarding any query very quickly and rapidly.
Nirmal Bang Advantages & Disadvantages
List of advantages & disadvantages of Nirmal Bang –
Nirmal Bang Advantages
- Nirmal Bang is the full-service broking firm offers various services including- mutual funds, broking, PMS and broking.
- Qualitative stock research services.
- Provide access to back-office software and risk management.
- Its offices are available in 16 states through which customer can resolve any type of query.
Nirmal Bang Disadvantages
With effective merits, the Nirmal Bang Pvt Ltd has various disadvantages which are listed below-
- It does not provide 3 in 1 account opening facility to the users.
- Nirmal Bang does not offer a margin calculator and brokerage calculator.
- As being a stock broking company, its brokerage charges are comparatively higher than discount brokers.
Nirmal Bang Conclusion
Nirmal Bang is the top-notch full-service broking house available across India. It is one of the best trading service providing platforms which every investor should choose.
Their flexible trading platforms and brokerage plans have attracted so many long-term investors and traders. The company is greatly known in the market because of its strong physical presence and support team as well.
The broking house is actually very good at offering various products and services for the satisfaction of clients or investors.
The brokerage charges of the company are comparatively lower than other such broking houses so one should choose this company over a million stock broking houses in order to have flexibility and convenience at the time of trading.
It avails all types of investment slabs and investment services for all of its customers. The company is moving rapidly towards a huge level of digital innovation.
Get a Call back from Nirmal Bang
Find Reviews of other Stock Brokers
|Religare Securities||Shri Parasram Holdings||Sushil Finance||Ventura Securities|
|SAMCO||Shriram Insight||Swastika Investmart||Way2Wealth|
|SAS Online||SMC Global||Tradebulls||Yes Securities|
Most read articles –
|10 Best Practices of Share Market|
|Equity Mutual Fund Investment|
|Stock Market Investment|
|What is an IPO?|
|Sub Broker Model Discontinued|
|How to Invest in Share Market|
|Mutual Fund vs Real Estate|