Anand Rathi Vs Nirmal Bang (Compare Anand Rathi and Nirmal Bang)


Anand Rathi
Incorporated in 1994, Anand Rathi is Mumbai based firm engaged in financial and advisory services that includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds, and insurance. Anand Rathi is a full-service broker offering brokerage services to retail and institutional customers. Anand Rathi has a presence in India as well as internationally through offices in Dubai. Anand Rathi has a network across 1200+ locations se... Know more about Anand Rathi


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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Anand Rathi Vs Nirmal Bang

Incorporated in 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, & NCDEX. It has 1200 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  Anand Rathi Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX, & NCDEX BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1994 1986
Number of Branches 1200 2000
Open an Online Trading Account with Anand Rathi.Open an Online Trading Account with Nirmal Bang.
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Anand Rathi Vs Nirmal Bang Charges & AMC

Anand Rathi trading account opening charges is Rs 552 (including GST) while Nirmal Bang account opening changes is Rs 0. Anand Rathi Demat Account AMC Charges is Rs 450 from second year onward and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Anand Rathi Nirmal Bang
Trading Account Opening Charges Rs 552 (including GST) Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 450 from second year onward Rs 200
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Anand Rathi Vs Nirmal Bang Brokerage Charges & Plans

Anand Rathi Vs Nirmal Bang Brokerage

Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Anand Rathi Nirmal Bang
Account Type Standard Plan Basic Plan
Fixed Charges NA NA
Equity Delivery 0.5% - 0.15% 0.2%
Equity Intraday 0.05% -0.015% 0.02%
Equity Futures 0.05% - 0.015% 0.02%
Equity Options Rs 75 to Rs 20 Rs 35
Currency Futures 0.05% - 0.015% 0.02%
Currency Options Rs 75 to Rs 20 Rs 20
Commodity Futures 0.008% - 0.05% 0.01%
Commodity Options
Special Offer

Anand Rathi Charges Vs Nirmal Bang

Minimum Brokerage
Other Charges
Call & Trade Charges
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Anand Rathi Vs Nirmal Bang Transaction Charges

Anand Rathi transaction charges for options is Rs 7000 per Cr (0.07%) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Anand Rathi Nirmal Bang
Equity Delivery NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side) Rs 390
Equity Intraday NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side) Rs 390
Equity Futures NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side) Rs 240
Equity Options Rs 7000 per Cr (0.07%) Rs 5700
Currency Futures Rs 350 per Cr (0.0035%) Rs 240
Currency Options Rs 7000 per Cr (0.07%) Rs 5700
Commodity Rs 350 per Cr (0.0035%) Rs 250
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Anand Rathi Vs Nirmal Bang Leverage (Margin)

Anand Rathi margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Nirmal Bang margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Anand Rathi Nirmal Bang
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Anand Rathi and Nirmal Bang Features

The trading platforms offered Anand Rathi include Trade X. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  Anand Rathi Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Trade X Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15 PM 3:15
Other Features
Referral Program
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Anand Rathi Vs Nirmal Bang Review

Anand Rathi is rated 3.1 of 5 based on 14 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Anand Rathi Nirmal Bang
  14 Customer Reviews    Rate Anand Rathi 19 Customer Reviews    Rate Nirmal Bang
Fees 3.2 3.6
Brokerage 3.2 3.5
Trading Platform 3.0 2.6
Customer Service 3.4 2.3
Research Capabilities 3.5 3.0
Overall Ratings Rated 3.1 stars Rated 2.6 stars
Broker Rating Anand Rathi is rated 3.1 of 5 based on 14 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

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Anand Rathi Vs Nirmal Bang Investment Options

  Anand Rathi Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Anand Rathi Vs Nirmal Bang Order Type Offered

  Anand Rathi Nirmal Bang
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Anand Rathi Vs Nirmal Bang Research Report

  Anand Rathi Nirmal Bang
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Anand Rathi Vs Nirmal Bang Suitable For Investor Type

  Anand Rathi Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader
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Anand Rathi Vs Nirmal Bang - Pros and Cons

  Anand Rathi Nirmal Bang
Pros
  1. Pan India presence.
  2. Option to trade online through web based and mobile trading platforms.
  3. Various financial products under one umbrella viz. Broking products, insurance, portfolio management services, corporate fixed deposits, structured products.
  4. Online IPO applicatioan.
  5. Loan against Shares and Margin Trading Facility available.
  6. Quick and Easy account opening.
  7. Research and advisory services.
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
Cons
  1. High and non-negotiable brokerage charges.
  2. Do not offer 3 in 1 account.
  3. Extra charges for featured products.
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers
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