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Motilal Oswal Vs Nirmal Bang (Compare Motilal Oswal and Nirmal Bang)

The side-by-side comparison of Motilal Oswal and Nirmal Bang. Compare Motilal Oswal Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Motilal Oswal review.

Find out Motilal Oswal Vs Nirmal Bang which is better and Motilal Oswal Vs Nirmal Bang which is best.

Our Motilal Oswal Securities Ltd comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Motilal Oswal and Nirmal Bang.

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Motilal Oswal Vs Nirmal Bang

  Motilal Oswal Nirmal Bang
Find more info about broker
Motilal Oswal Securities Ltd Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Fun... Know more about Motilal Oswal Securities 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 Default Plan Basic Plan
Broker Enquiry Open an Online Trading Account with Motilal Oswal. 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.
Year of Incorporation 1987 1986
Number of Branches 305 2000
Enquire Motilal Oswal Enquire Nirmal Bang
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Motilal Oswal Vs Nirmal Bang Charges

  Motilal Oswal Nirmal Bang
Trading Account Opening Fees ₹0 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC Free (₹400 2nd year onward) ₹200
Demat Account is Mandatory? No No
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Motilal Oswal Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Motilal Oswal Nirmal Bang
Account Type Default Plan Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.2%
Equity Intraday Brokerage 0.05% (both side) 0.02%
Equity Futures Brokerage 0.05% (both side) 0.02%
Equity Options Brokerage ₹100 per lot (both side) ₹35
Currency Futures Trading Brokerage ₹20 per lot (both side) 0.02%
Currency Options Trading Brokerage ₹20 per lot (both side) ₹20
Commodity Futures Trading Brokerage 0.05% (both side) 0.01%
Commodity Options Trading Brokerage
Special Offer
Special Offer: Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

Brokerage Plan 2

  Motilal Oswal Nirmal Bang
Account Type Value Pack (VP2KLT) Basic Plan
Fixed Charges ₹2000 (one time fee) NA
Equity Delivery Brokerage 0.40% 0.2%
Equity Intraday Brokerage 0.04% (both side) 0.02%
Equity Futures Brokerage 0.04% (both side) 0.02%
Equity Options Brokerage ₹50 per lot (both side) ₹35
Currency Futures Trading Brokerage ₹22 per lot (both side) 0.02%
Currency Options Trading Brokerage ₹22 per lot (both side) ₹20
Commodity Futures Trading Brokerage 0.04% (both side) 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Motilal Oswal Nirmal Bang
Account Type Value Pack (VP1LACLT) Basic Plan
Fixed Charges ₹1,00,000 (one time fee) NA
Equity Delivery Brokerage 0.10% 0.2%
Equity Intraday Brokerage 0.01% (both side) 0.02%
Equity Futures Brokerage 0.01% (both side) 0.02%
Equity Options Brokerage ₹20 per lot (both side) ₹35
Currency Futures Trading Brokerage ₹10 per lot (both side) 0.02%
Currency Options Trading Brokerage ₹10 per lot (both side) ₹20
Commodity Futures Trading Brokerage 0.01% (both side) 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges Nil
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Motilal Oswal Vs Nirmal Bang Taxes

  Motilal Oswal 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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Motilal Oswal Vs Nirmal Bang Transaction Charges

  Motilal Oswal Nirmal Bang
Equity Delivery NSE ₹335 per Cr (0.00335%) | BSE ₹1000 per Cr (0.01%) (each side) ₹390
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹200 per Cr (0.002%) (each side) ₹390
Equity Futures ₹200 per Cr (0.002%) ₹240
Equity Options NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium) ₹5700
Currency Futures ₹125 per Cr (0.00125%) ₹240
Currency Options ₹4200 per Cr (0.042%)(on premium) ₹5700
Commodity MCX: ₹250 per Cr (0.0025%) ₹250
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Motilal Oswal Vs Nirmal Bang Exposure Margin

  Motilal Oswal Nirmal Bang
Equity Delivery 4x upto 10x
Equity Intraday 20x for Margin+ (Over 140 Stocks), 4x for other stocks Upto 4x
Equity Futures Upto 3x for Intraday Upto 4x
Equity Options No exposure Upto 2x for shorting
Currency Futures NA Upto 2x for shorting
Currency Options No exposure Upto 3x
Commodity Futures Upto 3x for Intraday Upto 3x
Commodity Options No exposure
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Motilal Oswal and Nirmal Bang Feature Comparison

  Motilal Oswal 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 Orion Lite, MO Trader App Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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Motilal Oswal Vs Nirmal Bang Review

  Motilal Oswal Nirmal Bang
  88 Customer Reviews    Rate Motilal Oswal 14 Customer Reviews    Rate Nirmal Bang
Fees 2.9 3.7
Trading Brokerage 2.5 3.5
Trading Platform Usability 3.0 2.7
Customer Service 2.8 2.5
Research Capabilities 2.3
Overall Ratings Rated 2.6 stars Rated 2.6 stars
Broker Rating Motilal Oswal is Rated 2.6 / 5 based on 88 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Nirmal Bang Enquire
Contact Broker

Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

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

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Motilal Oswal Vs Nirmal Bang Investment Options

  Motilal Oswal 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 PMS, Fixed Deposits, Insurance, Derivatives
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Motilal Oswal Vs Nirmal Bang Customer Service

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

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

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

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

  Motilal Oswal Nirmal Bang
Pros
  • Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  • Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.
  • Value pack brokerage plans are available for frequent traders.

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
  • Margin Deposit Rs 10,000+ is required
  • In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.

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
Promo / Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (₹400 waived) with ₹25k margin or ₹3k prepaid value pack. Also avail ₹3k woth of discount vouchers, ₹1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

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