Karvy Vs Nirmal Bang (Compare Karvy and Nirmal Bang)

Karvy Vs Nirmal Bang

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 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.

	Karvy	Nirmal Bang
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX, NMCE
Account Type	Retail Brokerage Plan	Basic Plan
Year of Incorporation	1985	1986
Number of Branches	575	2000
Broker Enquiry

Karvy Vs Nirmal Bang Charges & AMC

Karvy trading account opening charges is Rs 650 while Nirmal Bang account opening changes is Rs 0. Karvy Demat Account AMC Charges is Rs 420 and Nirmal Bang Demat Account AMC Charges is Rs 200.

	Karvy	Nirmal Bang
Trading Account Opening Charges	Rs 650	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 420	Rs 200

Karvy Vs Nirmal Bang Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Karvy	Nirmal Bang
Account Type	Retail Brokerage Plan	Basic Plan
Fixed Charges		NA
Equity Delivery Brokerage	0.3%	0.2%
Equity Intraday Brokerage	0.03%	0.02%
Equity Futures Brokerage	0.03%	0.02%
Equity Options Brokerage	Rs 30 per lot	Rs 35
Currency Futures Trading Brokerage	0.03%	0.02%
Currency Options Trading Brokerage	Rs 30 per lot	Rs 20
Commodity Futures Trading Brokerage	0.03%	0.01%
Commodity Options Trading Brokerage	Rs 30 per lot
Special Offer

Karvy Vs Nirmal Bang Brokerage Plan 2

	Karvy	Nirmal Bang
Account Type	Premium Subscription Plan of 100000	Basic Plan
Fixed Charges	Rs 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	Rs 10 per lot	Rs 35
Currency Futures Trading Brokerage	0.01%	0.02%
Currency Options Trading Brokerage	Rs 10 per lot	Rs 20
Commodity Futures Trading Brokerage	0.01%	0.01%
Commodity Options Trading Brokerage	Rs 10 per lot

Karvy Charges Vs Nirmal Bang

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 Transaction Charges

Karvy transaction charges for options is Rs 5500 while Nirmal Bang exchange transaction charges for options is Rs 5700.

	Karvy	Nirmal Bang
Equity Delivery	Rs 325	Rs 390
Equity Intraday	Rs 325	Rs 390
Equity Futures	Rs 230	Rs 240
Equity Options	Rs 5500	Rs 5700
Currency Futures	Rs 325	Rs 240
Currency Options		Rs 5700
Commodity	Rs 300	Rs 250

Karvy Vs Nirmal Bang Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

	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

Compare Karvy and Nirmal Bang Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	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 is rated 2.0 of 5 based on 24 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 17 customer reviews.

	Karvy	Nirmal Bang
	24 Customer Reviews	17 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Karvy is rated 2.0 of 5 based on 24 customer reviews	Nirmal Bang is rated 2.5 of 5 based on 17 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 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 - Pros and Cons

	Karvy	Nirmal Bang
Pros	Pay Rs 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	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	Doesn't offer 3 in 1 account Brokerage rates are negotiable Higher brokerage compare to discount brokers	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