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Established in 1986, Nirmal Bang completed its 34th years in service this year. Being one of India’s oldest full service brokers, Nirmal Bang trading services are adorned by many. The company had its headquarters in Mumbai.

Even after establishing over 50 significantly large branches all over India, it still continues to operate from Mumbai. It’s named after its founder Nirmal Bang. It operates under close supervision of NSE, BSE, NCDEX and MCX.

This article is to review Nirmal Bang Online Trading services on a very specific note. We’re talking about their trading charges. We’ll distinguish their brokerage from the taxes they levy and form a detailed review of Nirmal Bang Trading facilities.

Nirmal Bang Securities Offers

Nirmal Bang Trading and Benefits

Nirmal Bang Trading services have been developed based on years of experience. These services are meant to cater to the very core needs of their clients. Moreover, these services tend to act as one of the attracting points as well.

Hence, Nirmal Bang adds on a lot of benefits to these services. We’ve studied them all and prepared a list of the most lucrative ones. Just take a look:

  • The company does not incur charges in order to open demat or Trading Account. Moreover, they do not even charge their clients with any sort of Trading AMC.
  • They have many flexible brokerage plans for their clients. These plans may even be customized as per the clients’ requirements.
  • They grant up to 10 times exposure on certain trading domains. With the help of their efficient trading platforms, it becomes rather easy to commence the trades.

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    Nirmal Bang Trading Charges

    Nirmal Bang 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

    Nirmal Bang trading charges have the very same structure as their competitors. These charges come as a package. They consist of brokerage as well as taxes together. We’ve tried to establish both kinds of charges in separate lists. The one below states the details about the taxes they incur:

    • Nirmal Bang trading charges begin with the incursion of Transaction Charges. This tax is levied at 0.00390% of total turnover.
    • Another tax levied on total turnover by Nirmal Bang is that of STT. This is commonly known as the Securities Transaction Tax. The company incurs a tax of 0.0126% under this.
    • The third kind of tax to be incurred by Nirmal Bang is for SEBI Turnover charge. As the name suggests, it’s imposed at 0.00005% on total turnover.
    • The fourth kind of tax imposed on the clients is that of GST. The clients must pay 18% GST over the sum of brokerage and transaction charge.
    • For the end, a certain amount is levied in terms of Stamp Duty. This is totally dependent on the state of business and its laws.

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    Nirmal Bang Delivery Trading

    Nirmal Bang Delivery Charges
    Equity Delivery 0.20%

    Delivery Trading or Equity Delivery trading, deals in a very specific format of trading. It is one of the oldest formats. It definitely is the most popular one amongst Indian traders. Equity Delivery allows trade across several equity based shares of companies.

    These shares can be bought, stored and sold at will. However, it requires the use of both Demat and Trading Accounts. The Trading Account helps in buying and selling of the shares. The Demat Account is used to deposit and hold the shares for unlimited time.

    Nirmal Bang Delivery Trading services are available with ease to clients. They do not even have to pay a fortune to use them. In fact, they only need to pay the company a commission rate worth 0.20% per transaction.

    Nirmal Bang Intraday Trading

    Nirmal Bang Intraday Charges
    Equity Intraday 0.02%

    Intraday Trading is a modern day extension of Delivery trading services. These services tend to corelate with Delivery Trading a lot. They require the same kind and amount research. They use the same resources for trading.

    Also, they trade across the exact same financial instruments. However, they do have varying point from the Delivery Trading domain. The traders commencing Intraday Trading are bound by time constraint.

    In simple words, they must sell off all the shares they buy within the same day. Due to this condition, it becomes difficult to conduct research and then commence the trades. However, Nirmal Bang Intraday Trading services come as a great relief in this case.

    The traders are provided with proactive advisory and support related to the trades. The services don’t even cost the traders a fortune. In fact, these services are all available for merely 0.02% commission rate. The commission is charged over total transaction value.

    Nirmal Bang Option Trading

    Nirmal Bang Option Charges
    Equity Options Rs.25 per Lot

    Nirmal Bang Options Trading is specific to one domain of trade. Unlike Delivery Trading, this domain does not deal in equities based on their current value. On the contrary, traders get to deal in a type of legal contract here.

    This contract is valid for a specific number of financial instruments. They provide a predetermined price to these instruments.

    The price gets decided on the basis of certain performance factors of the companies involved. Anyway, Nirmal Bang options trading services come readily available at Rs.25 per lot.

    Nirmal Bang Futures Trading

    Nirmal Bang Futures Charges
    Equity Futures 0.02%

    Nirmal Bang Futures Trading services are often confused with the Options Trading services. There are more than one reason for this confusion. Even, the Futures Trading services cater to traders in terms of legal contracts.

    These contracts do provide the traders with a predetermined price factor. However, they pose a great deal of difference. These contracts even provide a predetermined date of transaction to the traders.

    Thus, the trades occur on a pre-decided point of time in the future at a predetermined price list. Hence, the name suggests Futures Trading. All traders associated with Nirmal Bang may avail these services with ease.

    All they need to do is merely pay the company a commission rate of 0.02% over total transaction value.

    Nirmal Bang Currency Trading

    Nirmal Bang Currency Charges
    Currency Option Rs.20 per Lot
    Currency Futures 0.02%

    Nirmal Bang Currency Trading services are provided in terms of the Forex Trading domain. These services enable the traders to deal in and out in terms of certain currencies. These currencies are all acknowledged globally.

    The traders may buy, sell, store or even exchange these currencies. However, availing these services requires a price to be paid, a commission rate of Rs.20 per lot for Currency Options trading services, and 0.02% per lot for Currency Futures trading services.

    Nirmal Bang Commodity Trading

    Nirmal Bang Commodity Charges
    Commodity Trading 0.01%

    Nirmal Bang Currency Trading services are provided in terms of the Forex Trading domain. These services enable the traders to deal in and out in terms of certain currencies. These currencies are all acknowledged globally.

    The traders may buy, sell, store or even exchange these currencies. However, availing these services requires a price to be paid, a commission rate of 0.01% for commodity.

    Find Segment Trading Charges of other Brokers

    Nirmal Bang Online Trading Process

    This is the part where we discuss about Nirmal Bang online trading process. We understand that the new users might face some troubles with initiating trading. That’s why we’ve simplified the entire process to suit everyone’s requirements. So, here’s how it goes:

    1. First step involved in this process requires acquisition of a Demat Account. For this, you must click on a specific button. We’re referring to the button at the end of this section. This button has an inscription of ‘Open Demat Account’ on its top.
    2. Second step starts right away as you click on that button. This takes you to a new page with an information form. You must ensure that you read the entire form with care. Then you must fill up and submit the form. However, there are a few other documents that you need to submit in order to provide authentication for the information you grant.
    3. The next step for you is to be patient and wait. This one requires you to wait for the company’s call. This call basically grants you with a specific login code. These are the codes to your new Demat Account. We recommend that you change the password you get by default. This’ll help you to retain your account’s safety.
    4. The last step is for you to create watchlists with favorite stocks and begin trading.

    Nirmal Bang Online Trading Platforms

    Nirmal Bang trading platforms come in a huge section. These platforms are created to cater the specific needs of the clients. Hence, they all can be used for a specific purpose each. Anyway, here’s the list of all the platforms:

    • Nirmal Bang Trading Terminal – Odin: It’s a desktop based platform hired from a third party developer. It is considered as one of the most stable terminal traders. And, it even comes with a great compatibility. It allows the traders to trade even in low data bandwidth connectivity. Hence, the traders never have to miss out on any opportunities to fetch profit.
    • Nirmal Bang Web App – NET.NET: Much like the terminal software, this too is hired from a third party developer. It is meant to be used across a number of web browsers. Browsers like chrome, safari, opera and more are all supported. It comes with live market watch, real time charting and many more advanced features.
    • Nirmal Bang Mobile App: This is a mobile app trading software with multi-purpose usage. Unlike most mobile apps, it does a lot more than provide the traders with merely monitoring options. In fact, it can be used to trade in equities, Derivatives, Currencies and commodities. It has the access to BSE, NSE, MCX, NSEFO and even NCDEX.

    Check out Online Trading Services of other Brokers

    Nirmal Bang Trading – Conclusion

    We highly recommend Nirmal Bang Trading services. The company is definitely one of India’s oldest. They have evolved greatly in terms of technological advancements.

    Nirmal Bang even provides great support to their clients. They grant a dedicated dealer to the clients as well. In short, you get a lot more than you spend with Nirmal bang.

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