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IDBI Capital Vs Nirmal Bang (Compare IDBI Capital and Nirmal Bang)

IDBI Capital Markets and Securities Ltd Logo

About IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd

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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IDBI Capital Vs Nirmal Bang

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 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.

  IDBI Capital Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, NSDL BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1993 1986
Number of Branches 14 2000
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IDBI Capital Vs Nirmal Bang Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while Nirmal Bang account opening changes is Rs 0. IDBI Capital Demat Account AMC Charges is Rs 450 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  IDBI Capital Nirmal Bang
Trading Account Opening Charges Rs 500 Rs 0
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 450 Rs 200

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IDBI Capital Vs Nirmal Bang Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

Account Type IDBI Capital Standard Plan Nirmal Bang Basic Plan
Fixed Charges NA
Equity Delivery 0.50% 0.2%
Equity Intraday 0.05% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 100 per lot Rs 35
Currency Futures NA 0.02%
Currency Options NA Rs 20
Commodity Futures NA 0.01%
Commodity Options NA
Special Offer

IDBI Capital Vs Nirmal Bang Brokerage Plan 2

  IDBI Capital Nirmal Bang
Account Type Ace Trader Plan Basic Plan
Fixed Charges NA
Equity Delivery 0.10% to 0.50% 0.2%
Equity Intraday 0.020% to 0.050% 0.02%
Equity Futures 0.020% to 0.048% 0.02%
Equity Options Rs 100 per lot Rs 35
Currency Futures 0.02%
Currency Options Rs 20
Commodity Futures 0.01%
Commodity Options
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IDBI Capital Charges Vs Nirmal Bang

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower.
Other Charges
Call & Trade Charges Nil

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IDBI Capital Vs Nirmal Bang Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Nirmal Bang exchange transaction charges for options is Rs 5700.

  IDBI Capital Nirmal Bang
Equity Delivery 0.00325% Rs 390
Equity Intraday 0.00325% Rs 390
Equity Futures 0.0019% Rs 240
Equity Options 0.051% on premium Rs 5700
Currency Futures NA Rs 240
Currency Options NA Rs 5700
Commodity NA Rs 250
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IDBI Capital Vs Nirmal Bang Leverage (Margin)

IDBI Capital 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.

  IDBI Capital 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 IDBI Capital and Nirmal Bang Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  IDBI Capital Nirmal Bang
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Power Pro, Power Streaming, IDBI Direct Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:00 PM 3:15
Other Features Morning Report, Equity SIP, Investment Guide
Referral Program
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IDBI Capital Vs Nirmal Bang Review

IDBI Capital is rated 2.7 of 5 based on 40 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  IDBI Capital Nirmal Bang
  40 Customer Reviews    Rate IDBI Capital 19 Customer Reviews    Rate Nirmal Bang
Fees 3.2 3.6
Brokerage 2.6 3.5
Trading Platform 2.6 2.6
Customer Service 2.8 2.3
Research Capabilities 2.7 3.0
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 40 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews

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IDBI Capital Vs Nirmal Bang Investment Options

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

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IDBI Capital Vs Nirmal Bang Order Type Offered

  IDBI Capital 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) No Yes
Good Till Cancelled (GTC) Yes Yes
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IDBI Capital Vs Nirmal Bang Research Report

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

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IDBI Capital Vs Nirmal Bang Suitable For Investor Type

  IDBI Capital Nirmal Bang
Casual Investor Yes Yes
Active Investor
Trader

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IDBI Capital Vs Nirmal Bang - Pros and Cons

  IDBI Capital Nirmal Bang
Pros - Prepaid plans are available for volume traders.
  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 - Additional charge of Rs 2000 per year for installable trading platform.
  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.
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