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

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

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%.

	IDBI Capital	Nirmal Bang
Account Type	Standard Plan	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

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 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.

	IDBI Capital	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 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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

IDBI Capital Vs Nirmal Bang Investment Options

	IDBI Capital	Nirmal Bang
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

IDBI Capital Vs Nirmal Bang Order Type Offered

	IDBI Capital	Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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IDBI Capital Vs Nirmal Bang Research Report

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

IDBI Capital Vs Nirmal Bang Suitable For Investor Type

	IDBI Capital	Nirmal Bang
Casual Investor
Active Investor
Trader

IDBI Capital Vs Nirmal Bang - Pros and Cons

	IDBI Capital	Nirmal Bang
Pros	- Prepaid plans are available for volume traders.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) 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.	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available 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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