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SBI Securities Vs Nirmal Bang Demat Account Comparison

The side-by-side comparison of SBI Securities and Nirmal Bang Demat Account. Compare SBI Securities Vs Nirmal Bang Demat account charges, AMC and Fees. Read Nirmal Bang and SBI Securities demat account review.

Find out SBI Securities Vs Nirmal Bang which is better demat account and SBI Securities Vs Nirmal Bang which is best demat account.

Our SBICAP Securities Ltd demat account comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best demat between SBI Securities and Nirmal Bang.

SBI Securities Vs Nirmal Bang

  SBICAP Securities Ltd Nirmal Bang Securities Pvt Ltd
SBICAP Securities Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

Nirmal Bang is an online share & stock market trading company in India. Nirmal Bang is member of NSE, BSE, MCX, NCDEX, NSDL and CDSL.

NirmalBang is a full-service stock broker offering personalized services to its customer in their neighborhood through a number of branch offices, sub-brokers and franchisees located across India. Nirmal Bang is among the largest brick and mortar stock broker in India.

DP ID 12047200 12013300
Contact Info

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

B-101, Khandelwal House Poddar Road,
1st Floor, N R Poddar Park, Malad (E),
Mumbai, Maharashtra, India 400097

Services Offered

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

  • Institutional and retail brokerage of equity, derivatives, commodities and currency
  • Online trading
  • Depository services
  • Initial public offers (IPOs)
  • Mutual funds
  • Fixed beposits & Bonds
  • Dedicated desk for NRIs and institutional clients
  • Insurance broking (both life & general)
  • Clearing services
  • Margin funding
  • Investment banking
  • Portfolio management
  • Wealth advisory & research
Demat Account Enquiry Open Demat Account Online Open Demat Account Online

SBI Securities Vs Nirmal Bang Demat Account Opening Charges

  SBICAP Securities Ltd Nirmal Bang Securities Pvt Ltd
Demat Account Opening Fee

Nil

Nil

Demat Account AMC
  1. Individual Account: Rs 750 (Rs 500 for e-statement)
  • Individual (Regular Demat Account): Rs 200
  • Corporate (Regular Demat Account): Rs 500 + Rs 500 CDSL AMC
  • Life Time free AMC scheme: Nil
Advance Deposit

Nil

Life Time free AMC scheme

  • Individual Account: Rs 1000 One time
  • Corporate Account: Rs 2500 One time + Rs 500 CDSL AMC (Per Year)

SBI Securities Vs Nirmal Bang Demat Charges

  SBICAP Securities Ltd Nirmal Bang Securities Pvt Ltd
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

Rs 40 Per Demat Request + Rs 40 for additional 50 certificates

Rematerialisation Charges

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

Rs 15 per certificate or 0.04% of the value of the securities requested for remat whichever is higher

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
  2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

Rs 15 or 0.03% whichever is higher

Pledge Creation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

Rs 100 or 0.02% whichever is higher

Pledge Creation Confirmation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

Nil

Pledge Invocation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

Rs 100 or 0.02% whichever is higher

Failed Instruction Charges

Rs 10 per failed instruction.

Nil

Other Charges

Contact DP / Request A Call Back

  SBICAP Securities Ltd Nirmal Bang Securities Pvt Ltd
Contact broker for Demat Account related enquires:
  SBICAP Securities Ltd Nirmal Bang Securities Pvt Ltd
Find more info about broker
Enquire about SBI Securities Enquire about Nirmal Bang
Compare More Demat Accounts

Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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