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Nirmal Bang Demat Account Charges, Review, Opening

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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 Demat Account

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:

Nirmal Bang DP ID -IN301604
Nirmal Bang CDSL DP ID: 13300

10 Reasons to Open Demat Account with Nirmal Bang

Free Demat Account.
Stock dividends, bonus, interest etc., are directly deposited into your account.
Anytime online access to your demat account.
Get demat services from branches in 16 states across India.
Single account to hold Equity, MFs, and IPOs etc.
Online trading is available at BSE, NSE, and MCX.
Access to free research-based calls and reports.
Facility to freeze the demat account.
Fast settlement cycles.
Regular updates on account status

Nirmal Bang Demat Account Opening Charges

To open a new Demat account with Nirmal Bang, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Service	Charges
Demat Account Opening Fee	Rs 0
Demat Account Annual Charges (AMC)	Rs 200

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

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Nirmal Bang Demat Account Charges, Review, Opening

Nirmal Bang Demat Account

10 Reasons to Open Demat Account with Nirmal Bang

Nirmal Bang Demat Account Opening Charges

Nirmal Bang Depository Service Charges

Frequently Asked Questions

1. What is a Depository?

2. Is it mandatory to open a demat account along with a trading account with Nirmal Bang?

3. Who can open a demat account with Nirmal Bang?

4. Can I open a Minor Demat Account with Nirmal Bang?

5. How do I change my information in the demat account?

6. How to nominate my wife in my demat account?

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