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ICICIDirect Vs Nirmal Bang (Compare ICICIDirect and Nirmal Bang)

The side-by-side comparison of ICICIDirect and Nirmal Bang. Compare ICICIDirect Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and ICICIDirect review.

Find out ICICIDirect Vs Nirmal Bang which is better and ICICIDirect Vs Nirmal Bang which is best.

Our ICICI Securities Pvt Ltd. comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and Nirmal Bang.

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ICICIDirect Vs Nirmal Bang

  ICICIDirect Nirmal Bang
Find more info about broker
ICICI Securities Pvt Ltd. Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. 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 Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX, NMCE
Account Type 3-in-1 Account (I-Secure Plan) Basic Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 1986
Number of Branches 154 2000
Enquire ICICIDirect Enquire Nirmal Bang
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ICICIDirect Vs Nirmal Bang Charges

  ICICIDirect Nirmal Bang
Trading Account Opening Fees ₹975 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹200
Demat Account is Mandatory? No No
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ICICIDirect Vs Nirmal Bang Brokerage

Brokerage Plan 1

  ICICIDirect Nirmal Bang
Account Type 3-in-1 Account (I-Secure Plan) Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.2%
Equity Intraday Brokerage 0.275% 0.02%
Equity Futures Brokerage 0.05% to 0.03% 0.02%
Equity Options Brokerage ₹95 to ₹35 per lot ₹35
Currency Futures Trading Brokerage 0.050% to 0.030% 0.02%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICIDirect Nirmal Bang
Account Type I-Saver Plan Basic Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% 0.2%
Equity Intraday Brokerage 0.75% to 0.25% 0.02%
Equity Futures Brokerage 0.05% to 0.03% 0.02%
Equity Options Brokerage ₹95 to ₹65 per lot ₹35
Currency Futures Trading Brokerage 0.05% to 0.03% 0.02%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

Brokerage Plan 3

  ICICIDirect Nirmal Bang
Account Type ICICIdirect Prime Plan Basic Plan
Fixed Charges ₹900 NA
Equity Delivery Brokerage 0.25% 0.2%
Equity Intraday Brokerage 0.25% 0.02%
Equity Futures Brokerage 0.025% 0.02%
Equity Options Brokerage ₹35 ₹35
Currency Futures Trading Brokerage ₹0 0.02%
Currency Options Trading Brokerage ₹0 ₹20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹35 per trade
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month
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ICICIDirect Vs Nirmal Bang Taxes

  ICICIDirect Nirmal Bang
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICIDirect Vs Nirmal Bang Transaction Charges

  ICICIDirect Nirmal Bang
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹390
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹390
Equity Futures ₹180 per Cr (0.0018%) ₹240
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5700
Currency Futures ₹120 per Cr (0.0012%) ₹240
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹5700
Commodity NA ₹250
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ICICIDirect Vs Nirmal Bang Exposure Margin

  ICICIDirect Nirmal Bang
Equity Delivery 5x with Interest upto 10x
Equity Intraday Upto 25x Upto 4x
Equity Futures 4x Upto 4x
Equity Options 2x for shorting Upto 2x for shorting
Currency Futures NA Upto 2x for shorting
Currency Options NA Upto 3x
Commodity Futures NA Upto 3x
Commodity Options
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ICICIDirect and Nirmal Bang Feature Comparison

  ICICIDirect Nirmal Bang
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:30 PM 3:15
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICIDirect Vs Nirmal Bang Review

  ICICIDirect Nirmal Bang
  405 Customer Reviews    Rate ICICIDirect 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.3 3.7
Trading Brokerage Rating 1.7 3.5
Trading Platform Usability 3.4 2.7
Customer Service Ratings 2.8 2.5
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 405 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire Nirmal Bang Enquire
Contact Broker
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ICICIDirect Vs Nirmal Bang Investment Options

  ICICIDirect Nirmal Bang
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIDirect Vs Nirmal Bang Customer Service

  ICICIDirect Nirmal Bang
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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ICICIDirect Vs Nirmal Bang Order Type Offered

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

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

  ICICIDirect Nirmal Bang
Casual Investor Yes Yes
Active Investor
Trader
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ICICIDirect Vs Nirmal Bang - Advantages and Disadvantages

  ICICIDirect Nirmal Bang
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  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

More Advantages...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.

More Disadvantages...

  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.

More Disadvantages...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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