Karvy Vs Nirmal Bang (Compare Karvy and Nirmal Bang)
The side-by-side comparison of Karvy and Nirmal Bang. Compare Karvy Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Karvy review.
Find out Karvy Vs Nirmal Bang which is better and Karvy Vs Nirmal Bang which is best.
Our Karvy Stock Broking Ltd comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Karvy and Nirmal Bang.
Karvy Vs Nirmal Bang
Karvy
Nirmal Bang
Find more info about broker
About the Broker
Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.
Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.
Karvy Customers,
Need Help Moving to Another Broker?
Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services.
They offer Customized investment solutions to corporate, institut... 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...
Type of Broker
Full Service Broker
Full Service Broker
Supported Exchnage
BSE, NSE, MCX
BSE, NSE, MCX, NCDEX, NMCE
Account Type
Retail Brokerage Plan
Basic Plan
Broker Enquiry
Year of Incorporation
1985
1986
Number of Branches
575
2000
Enquire Nirmal Bang
Karvy Vs Nirmal Bang Charges
Karvy
Nirmal Bang
Trading Account Opening Fees
₹650
₹0
Trading Account AMC
₹0
₹0
Demat Account Opening Fees
₹0
₹0
Demat Account AMC
₹420
₹200
Demat Account is Mandatory?
No
No
Karvy Vs Nirmal Bang Brokerage
Brokerage Plan 1
Karvy
Nirmal Bang
Account Type
Retail Brokerage Plan
Basic Plan
Fixed Charges
Equity Delivery Brokerage
0.3%
0.2%
Equity Intraday Brokerage
0.03%
0.02%
Equity Futures Brokerage
0.03%
0.02%
Equity Options Brokerage
₹30 per lot
₹35
Currency Futures Trading Brokerage
0.03%
0.02%
Currency Options Trading Brokerage
₹30 per lot
₹20
Commodity Futures Trading Brokerage
0.03%
0.01%
Commodity Options Trading Brokerage
₹30 per lot
Special Offer
Brokerage Plan 2
Karvy
Nirmal Bang
Account Type
Premium Subscription Plan of 100000
Basic Plan
Fixed Charges
₹100,000 per year
NA
Equity Delivery Brokerage
0.1%
0.2%
Equity Intraday Brokerage
0.01%
0.02%
Equity Futures Brokerage
0.01%
0.02%
Equity Options Brokerage
₹10 per lot
₹35
Currency Futures Trading Brokerage
0.01%
0.02%
Currency Options Trading Brokerage
₹10 per lot
₹20
Commodity Futures Trading Brokerage
0.01%
0.01%
Commodity Options Trading Brokerage
₹10 per lot
Other Charges
Minimum Brokerage Charges
Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges
Karvy Vs Nirmal Bang Taxes
Karvy
Nirmal Bang
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)
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.
Karvy Vs Nirmal Bang Transaction Charges
Karvy
Nirmal Bang
Equity Delivery
₹325
₹390
Equity Intraday
₹325
₹390
Equity Futures
₹230
₹240
Equity Options
₹5500
₹5700
Currency Futures
₹325
₹240
Currency Options
₹5700
Commodity
₹300
₹250
Karvy Vs Nirmal Bang Exposure Margin
Karvy
Nirmal Bang
Equity Delivery
Upto 5x with 24% interest per year
upto 10x
Equity Intraday
Upto 20x
Upto 4x
Equity Futures
Upto 4x
Upto 4x
Equity Options
Upto 4x for shorting
Upto 2x for shorting
Currency Futures
Nil
Upto 2x for shorting
Currency Options
Nil
Upto 3x
Commodity Futures
Upto 4x
Upto 3x
Commodity Options
Karvy and Nirmal Bang Feature Comparison
Karvy
Nirmal Bang
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
NEST, Karvy Web, Trade Mobile
Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time
3:15
3:15
Other Features
Ask the expert, The Finapolis
Referral Program
Karvy Vs Nirmal Bang Review
Karvy
Nirmal Bang
24 Customer Reviews
14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Karvy is Rated 2.0 / 5 based on 24 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
Karvy Vs Nirmal Bang Investment Options
Karvy
Nirmal Bang
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Karvy Vs Nirmal Bang Customer Service
Karvy
Nirmal Bang
24/7 Customer Service
Onine Live Chat
Through Branches
Karvy Vs Nirmal Bang Order Type Offered
Karvy
Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Karvy Vs Nirmal Bang Research Report
Karvy
Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Karvy Vs Nirmal Bang Suitable For Investor Type
Karvy
Nirmal Bang
Casual Investor
Active Investor
Trader
Karvy Vs Nirmal Bang - Advantages and Disadvantages
Karvy
Nirmal Bang
Pros
Pay ₹1200 one time and get life time free AMC demat account
Offers investment in IPO and Mutual funds
Free research reports
Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
More Advantages...
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
More Advantages...
Cons
Doesn't offer 3 in 1 account
Brokerage rates are negotiable
Higher brokerage compare to discount brokers
More Disadvantages...
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.
More Disadvantages...
Reviews
Promo / Offers
Zerodha
Zero Account Opening Fee