Nirmal Bang Vs Groww (Compare Nirmal Bang and Groww)


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


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Nirmal Bang Vs Groww

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. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Nirmal Bang Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE NSE and BSE
Year of Incorporation 1986 2016
Number of Branches 2000 0
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Nirmal Bang Vs Groww Charges & AMC

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

  Nirmal Bang Groww
Trading Account Opening Charges Rs 0 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 200 Rs 0
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Nirmal Bang Vs Groww Brokerage Charges & Plans

Nirmal Bang Vs Groww Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Nirmal Bang Groww
Account Type Basic Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.2% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.02% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.02% NA
Equity Options Rs 35 NA
Currency Futures 0.02% NA
Currency Options Rs 20 NA
Commodity Futures 0.01% NA
Commodity Options NA
Special Offer

Nirmal Bang Charges Vs Groww

Minimum Brokerage Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges NA
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Nirmal Bang Vs Groww Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while Groww exchange transaction charges for options is NA.

  Nirmal Bang Groww
Equity Delivery Rs 390 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 390 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 240 NA
Equity Options Rs 5700 NA
Currency Futures Rs 240 NA
Currency Options Rs 5700 NA
Commodity Rs 250 NA
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Nirmal Bang Vs Groww Leverage (Margin)

Nirmal Bang margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Nirmal Bang Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Nirmal Bang and Groww Features

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

  Nirmal Bang Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App Groww
Intraday Square-off Time 3:15 3:10 PM
Other Features
Referral Program
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Nirmal Bang Vs Groww Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

  Nirmal Bang Groww
  19 Customer Reviews    Rate Nirmal Bang 31 Customer Reviews    Rate Groww
Fees 3.6 4.2
Brokerage 3.5 3.9
Trading Platform 2.6 3.7
Customer Service 2.3 3.3
Research Capabilities 3.0 2.7
Overall Ratings Rated 2.6 stars Rated 3.7 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews Groww is rated 3.7 of 5 based on 31 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire Groww Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
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Nirmal Bang Vs Groww Investment Options

  Nirmal Bang Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Nirmal Bang Vs Groww Order Type Offered

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

  Nirmal Bang Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Nirmal Bang Vs Groww Suitable For Investor Type

  Nirmal Bang Groww
Casual Investor Yes Yes
Active Investor
Trader
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Nirmal Bang Vs Groww - Pros and Cons

  Nirmal Bang Groww
Pros
  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
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  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.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

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