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, leverage, margin, demat account and intraday trading. Find which is best Karvy vs Nirmal Bang?


Karvy

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, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd


Nirmal Bang
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 Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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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 Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
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Karvy Vs Nirmal Bang Charges & AMC

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

  Karvy Nirmal Bang
Trading Account Opening Charges ₹650 ₹0
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹420 ₹200
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Karvy Vs Nirmal Bang Brokerage Charges & Plans

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
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

Karvy Vs Nirmal Bang 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

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
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Karvy Vs Nirmal Bang Transaction Charges

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

  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 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
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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 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 is rated 2.0 of 5 based on 24 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews.

  Karvy Nirmal Bang
  24 Customer Reviews    Rate Karvy 16 Customer Reviews    Rate Nirmal Bang
Fees 2.6 3.8
Trading Brokerage 2.4 3.4
Trading Platform Usability 2.7 2.6
Customer Service 2.2 2.3
Research Capabilities 2.5
Overall Ratings Rated 2.0 stars Rated 2.5 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 customer reviews Nirmal Bang is rated 2.5 of 5 based on 16 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 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 - Pros and Cons

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