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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.

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Karvy Vs Nirmal Bang

  Karvy Nirmal Bang
Find more info about broker
Karvy Stock Broking Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
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... Know more about Karvy Stock Broking Ltd
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 BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Retail Brokerage Plan Basic Plan
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 1985 1986
Number of Branches 575 2000
Enquire Nirmal Bang
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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
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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
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Karvy Vs Nirmal Bang Taxes

  Karvy 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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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
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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
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Karvy and Nirmal Bang Feature Comparison

  Karvy Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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
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Karvy Vs Nirmal Bang Review

  Karvy Nirmal Bang
  24 Customer Reviews    Rate Karvy 14 Customer Reviews    Rate Nirmal Bang
Fees 2.6 3.7
Trading Brokerage 2.4 3.5
Trading Platform Usability 2.7 2.7
Customer Service 2.2 2.5
Research Capabilities
Overall Ratings Rated 2.0 stars Rated 2.6 stars
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
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Contact Broker / Request A Call Back

  Karvy Enquire Nirmal Bang Enquire
Contact Broker

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

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Karvy Vs Nirmal Bang Investment Options

  Karvy 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 Yes
Debt Yes Yes
Other Investment Options
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Karvy Vs Nirmal Bang Customer Service

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

  Karvy Nirmal Bang
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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Karvy Vs Nirmal Bang Research Report

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

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

  Karvy Nirmal Bang
Pros
  1. Pay ₹1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers

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...

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