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Incorporated in 1986, Nirmal Bang is a Mumbai based financial services company. It is primarily into the stock brokerage business. It offers stock, currency and commodity trading services at BSE, NSE, and MCX. Trading services are offered online, offline in branches and through call & trade facility.
Nirmal Bang is also a depository participant with NSDL and CDSL. Through its membership, Nirmal Bang offers Demat Account opening and other related services to its customers. Nirmal Bang offers a 2-in-1 account (trading and demat account) to its customers. Both the accounts are linked together and facilitate easier and faster transactions.
Depository Services is a key offering by Nirmal Bang. Every trader needs a demat account to trade in exchange-traded products like stocks, IPOs and mutual funds. A demat account allows customers to hold shares, Mutual Funds etc., in electronic format.
Nirmal Bang is the depository participant (DP) of NSDL and CDSL, two national depositories in India entrusted with the responsibility to open and manage Demat accounts. The DPs play the role of an intermediary between the depository and the customers. They facilitate account opening while the accounts are managed by CDSL and NSDL. Both, depository and DP's charge a fee per transaction from the customers for servicing the demat account.
Nirmal Bang Securities DP Membership Info:
To open a new demat account with Nirmal Bang, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Nirmal Bang Demat Account Opening Charges and Nirmal Bang AMC as below:
| For Resident Retail Customers and Corporates | |
|---|---|
| Particulars | Charges |
| Account Opening | Nil |
| Closure of Account | Nil |
| First Year AMC | Rs 200 |
| Annual Maintenance Charges | Rs 200 (Pro Rata) |
| Demat Charges (Market & off Market) | 0.03% with Rs 25 minimum per debit instruction |
| Dematerialisation Charges | Rs 40 (For every 50 certificate) |
| Rematerialisation Charges | Rs 15 per certificate or 0.04% of value of securities whichever is higher |
| Pledge Creation | Rs 100 or 0.02% whichever is higher |
| Pledge Closure | Rs 100 or 0.02% whichever is higher |
| Pledge Invocation | Rs 100 or 0.02% whichever is higher |
| Rejection / fails | Nil |
A depository is like a bank where securities like equities, mutual funds, IPOs etc., are held in electronic form. The depository opens and manages the demat accounts. In India, NSDL and CDSL are two national depositories.
Yes, Nirmal Bang offers a 2-in-1 account where the trading and demat account are linked to each other. This helps you in fast settlements and seamless transactions.
A 2-in-1 account can be opened by a resident individual (adult or minor), Corporate, Partnership Firm, and other registered associations.
Yes, Nirmal Bang offers demat account facility for minors. For a Minor Account (Demat and Trading Account), a legal guardian needs to be appointed. The legal guardian needs to provide his documents to open an account. He or she can manage the account until the minor attains the age of 18 years.
You can make desired changes like change in address, mobile number and bank accounts etc., by visiting the nearest Nirmal Bang branch and get the details updated. You can also send an email to kycmodification@nirmalbang.com to get modifications done in your account. The company may ask for documents with the request.
To nominate your wife or any person in your demat account, you need to take the following steps-
Information about Nirmal Bang demat account, Nirmal Bang demat account review, Nirmal Bang demat account charges, Nirmal Bang demat account opening, Nirmal Bang dp charges, Nirmal Bang demat charges, and Nirmal Bang dp id.
Information on this page was last updated on Tuesday, March 5, 2019
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