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Kotak Securities Vs Nirmal Bang Share Broker Comparison

The side-by-side comparison of Kotak Securities Ltd and Nirmal Bang Securities Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Kotak Securities and Nirmal Bang's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Kotak Securities and Nirmal Bang.

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
 
Kotak Securities Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh cu... Know more about Kotak Securities Ltd Incorporated in 1986, Nirmal Bang Securities Pvt Ltd. (Nirmal Bang) is amongst the top full-service broking house, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX-SX, MCX, NCDEX BSE, NSE, MCX, NCDEX, NMCE
Account Type What is this parameter? Fixed Brokerage Plan Basic Plan
Broker Enquiry Open an Online Trading Account with Kotak Securities. 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.
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Stock Broker Fees / Charges

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees What is this parameter? Rs 750 Rs 0
Trading Account AMC What is this parameter? Rs 0 Rs 0
Demat Account Opening Fees What is this parameter? Rs 0 Rs 0
Demat Account AMC What is this parameter? Rs 600 Rs 200
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Account Type Fixed Brokerage Plan Basic Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.49% 0.2%
Equity Intraday Brokerage What is this parameter? 0.049% 0.02%
Equity Futures Brokerage What is this parameter? 0.049% 0.02%
Equity Options Brokerage What is this parameter? Rs 300 Rs 35
Currency Futures Trading Brokerage What is this parameter? 0.02%
Currency Options Trading Brokerage What is this parameter? Rs 20
Commodity Futures Trading Brokerage What is this parameter? 0.070% 0.01%
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Account Type Dynamic Brokerage Plan Basic Plan
Fixed Charges What is this parameter? NA
Equity Delivery Brokerage What is this parameter? 0.59% to 0.30% 0.2%
Equity Intraday Brokerage What is this parameter? 0.06% to 0.05% 0.02%
Equity Futures Brokerage What is this parameter? 0.07% to 0.05% 0.02%
Equity Options Brokerage What is this parameter? 2.5% to 1.8% Rs 35
Currency Futures Trading Brokerage What is this parameter? 0.04% or Rs 20 per lot 0.02%
Currency Options Trading Brokerage What is this parameter? Rs 20 to Rs 7.5 per lot Rs 20
Commodity Futures Trading Brokerage What is this parameter? 0.01%
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? 4 paise for delivery and 3 paise for Intraday and Futures orders
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter?
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Taxes

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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)
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery What is this parameter? ₹390
Equity Intraday What is this parameter? ₹390
Equity Futures What is this parameter? ₹240
Equity Options What is this parameter? ₹5700
Currency Futures What is this parameter? ₹240
Currency Options What is this parameter? ₹5700
Commodity What is this parameter? ₹250
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Exposure

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery What is this parameter? 1x (no margin)
Equity Intraday What is this parameter? 50 times
Equity Futures What is this parameter? 12 to 15 times
Equity Options What is this parameter? Selling: 200 times | Buying: 10 times
Currency Futures What is this parameter? NA
Currency Options What is this parameter? NA
Commodity What is this parameter? NA
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Share Broker Features

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No Yes
Trading Platform What is this parameter? Odin Diet
Intraday Square-off Time What is this parameter? 3:15
Other Features What is this parameter? Trading software terminal: Keat Pro X
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
  132 Customer Reviews    Rate Kotak Securities 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.5 3.7
Trading Brokerage Rating 2.5 3.5
Trading Platform Usability 3.4 2.7
Customer Service Ratings 3.0 2.5
Overall Ratings Rated 2.6 stars Rated 2.6 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 132 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes Yes
Debt What is this parameter? No Yes
Other Investment Options What is this parameter?
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Customer Service Offered

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? Yes Yes
Through Branches What is this parameter? Yes Yes
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Order Type

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Casual Investor What is this parameter? Yes Yes
Active Investor What is this parameter? Yes
Trader What is this parameter?

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd Nirmal Bang Securities Pvt Ltd
Pros What is this parameter?
  • Offers 3-in-1 Account.
  • Kotak Security is a full services broker offering wide range of investment options and research reports.
  • Kotak Securities has extended network of 1400+ branches across India.
  • It offers 3-in-1 account, the combination of broker account, bank account and a demat account. All these accounts are linked together and work seamlessly to make stock market investment very easy especially for beginners in stock market.
  • Kotak offers 5 different trading platforms to fulfill almost all customer requirements.

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 What is this parameter?
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

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 What is this parameter?
Promo / Offers What is this parameter?
Enquire about Kotak Securities Enquire about Nirmal Bang
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