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Geojit Vs Nirmal Bang (Compare Geojit and Nirmal Bang)

Geojit BNP Paribas Logo

About Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas

Nirmal Bang Securities Pvt Ltd Logo

About 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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Geojit Vs Nirmal Bang

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 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.

  Geojit Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX-SX BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1987 1986
Number of Branches 509 2000
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Geojit Vs Nirmal Bang Charges & AMC

Geojit trading account opening charges is Rs 425 while Nirmal Bang account opening changes is Rs 0. Geojit Demat Account AMC Charges is Rs 700 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Geojit Nirmal Bang
Trading Account Opening Charges Rs 425 Rs 0
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 700 Rs 200

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Geojit Vs Nirmal Bang Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

Account Type Geojit Online Trading Nirmal Bang Basic Plan
Fixed Charges NA
Equity Delivery 0.30% 0.2%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options Rs 125 per contract Rs 35
Currency Futures 0.03% 0.02%
Currency Options Rs 125 per contract Rs 20
Commodity Futures NA 0.01%
Commodity Options NA
Special Offer

Geojit Charges Vs Nirmal Bang

Minimum Brokerage 1p per share or Rs 20/contract whichever is higher
Other Charges
Call & Trade Charges

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Geojit Vs Nirmal Bang Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Geojit Nirmal Bang
Equity Delivery Rs 325 per Cr (0.00325%) Rs 390
Equity Intraday Rs 325 per Cr (0.00325%) Rs 390
Equity Futures Rs 210 per Cr (0.0021%) Rs 240
Equity Options Rs 5500 per Cr (0.05%) Rs 5700
Currency Futures Rs 145 per Cr (0.00145%) Rs 240
Currency Options Rs 4730 per Cr (0.0473%) on premium Rs 5700
Commodity NA Rs 250
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Geojit Vs Nirmal Bang Leverage (Margin)

Geojit margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nirmal Bang margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Geojit Nirmal Bang
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Geojit and Nirmal Bang Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  Geojit Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading No 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 Selfie Platinum, Selfie Gold, Mobile App Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program
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Geojit Vs Nirmal Bang Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Geojit Nirmal Bang
  102 Customer Reviews    Rate Geojit 19 Customer Reviews    Rate Nirmal Bang
Fees 3.6 3.6
Brokerage 3.3 3.5
Trading Platform 4.0 2.6
Customer Service 3.8 2.3
Research Capabilities 3.2 3.0
Overall Ratings Rated 3.7 stars Rated 2.6 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 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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Geojit Vs Nirmal Bang Investment Options

  Geojit Nirmal Bang
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance

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Geojit Vs Nirmal Bang Order Type Offered

  Geojit 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) Yes Yes
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Geojit Vs Nirmal Bang Research Report

  Geojit Nirmal Bang
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Geojit Vs Nirmal Bang Suitable For Investor Type

  Geojit Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader

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Geojit Vs Nirmal Bang - Pros and Cons

  Geojit Nirmal Bang
Pros
  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. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
  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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