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India Infoline (IIFL) Vs Nirmal Bang (Compare India Infoline (IIFL) and Nirmal Bang)

The side-by-side comparison of India Infoline (IIFL) and Nirmal Bang. Compare India Infoline (IIFL) Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and India Infoline (IIFL) review.

Find out India Infoline (IIFL) Vs Nirmal Bang which is better and India Infoline (IIFL) Vs Nirmal Bang which is best.

Our India Infoline Limited comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between India Infoline (IIFL) and Nirmal Bang.

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India Infoline (IIFL) Vs Nirmal Bang

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
 
India Infoline Limited Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited 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 NSE, BSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Standard Account Basic Plan
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). 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 1996 1986
Number of Branches 900 2000
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India Infoline (IIFL) Vs Nirmal Bang Charges

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹750 Rs 0
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹555 Rs 0
Demat Account AMC ₹ 555 (One time) Rs 200
Demat Account is Mandatory? No No
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India Infoline (IIFL) Vs Nirmal Bang Brokerage

Brokerage Plan 1

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Account Type Standard Account Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.2%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high Rs 35
Currency Futures Trading Brokerage Rs 25 per lot 0.02%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high Rs 20
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Rs 0.05 per share
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call
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India Infoline (IIFL) Vs Nirmal Bang Taxes

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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India Infoline (IIFL) Vs Nirmal Bang Transaction Charges

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Equity Delivery 0.00325% ₹390
Equity Intraday 0.00325% ₹390
Equity Futures 0.0021% ₹240
Equity Options 0.051% on premium ₹5700
Currency Futures 0.0021% ₹240
Currency Options 0.051% on premium ₹5700
Commodity 0.0028% ₹250
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India Infoline (IIFL) Vs Nirmal Bang Exposure Margin

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Equity Delivery Upto 3x with 18% interest per year upto 10x
Equity Intraday Upto 20x Upto 4x
Equity Futures Upto 3x Upto 4x
Equity Options 3x for shorting Upto 2x for shorting
Currency Futures Upto 2x Upto 2x for shorting
Currency Options 2x for shorting Upto 3x
Commodity Futures Upto 3x Upto 3x
Commodity Options
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India Infoline (IIFL) and Nirmal Bang Feature Comparison

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features Market Mantra, Loyalty Points
Referral Program
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India Infoline (IIFL) Vs Nirmal Bang Review

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
  104 Customer Reviews    Rate India Infoline (IIFL) 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.9 3.7
Trading Brokerage Rating 2.6 3.5
Trading Platform Usability 3.3 2.7
Customer Service Ratings 2.7 2.5
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 104 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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India Infoline (IIFL) Vs Nirmal Bang Investment Options

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options
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India Infoline (IIFL) Vs Nirmal Bang Customer Service

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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India Infoline (IIFL) Vs Nirmal Bang Order Type Offered

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes
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India Infoline (IIFL) Vs Nirmal Bang Research Report

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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India Infoline (IIFL) Vs Nirmal Bang Suitable For Investor Type

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Casual Investor Yes Yes
Active Investor
Trader
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India Infoline (IIFL) Vs Nirmal Bang - Advantages and Disadvantages

  India Infoline Limited Nirmal Bang Securities Pvt Ltd
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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 Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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