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IIFL Vs Nirmal Bang (Compare IIFL and Nirmal Bang)

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

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

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

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IIFL Vs Nirmal Bang

  IIFL Nirmal Bang
Find more info about broker
IIFL Securities 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 IIFL Securities 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 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
Enquire IIFL Enquire Nirmal Bang
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IIFL Vs Nirmal Bang Charges

  IIFL Nirmal Bang
Trading Account Opening Fees ₹750 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 400 (One time) ₹200
Demat Account is Mandatory? No No
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IIFL Vs Nirmal Bang Brokerage

Brokerage Plan 1

  IIFL Nirmal Bang
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 ₹35
Currency Futures Trading Brokerage ₹25 per lot 0.02%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Other Charges

Minimum Brokerage Charges ₹0.05 per share
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call
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IIFL Vs Nirmal Bang Taxes

  IIFL 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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IIFL Vs Nirmal Bang Transaction Charges

  IIFL Nirmal Bang
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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IIFL Vs Nirmal Bang Exposure Margin

  IIFL Nirmal Bang
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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IIFL and Nirmal Bang Feature Comparison

  IIFL Nirmal Bang
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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IIFL Vs Nirmal Bang Review

  IIFL Nirmal Bang
  108 Customer Reviews    Rate IIFL 14 Customer Reviews    Rate Nirmal Bang
Fees 2.9 3.7
Trading Brokerage 2.6 3.5
Trading Platform Usability 3.3 2.7
Customer Service 2.7 2.5
Research Capabilities 3.0
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 108 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  IIFL Enquire Nirmal Bang Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Leave your contact information and we will get in touch with you....

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IIFL Vs Nirmal Bang Investment Options

  IIFL Nirmal Bang
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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IIFL Vs Nirmal Bang Customer Service

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

  IIFL Nirmal Bang
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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IIFL Vs Nirmal Bang Research Report

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

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

  IIFL Nirmal Bang
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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