Nirmal Bang Vs Groww (Compare Nirmal Bang and Groww)

The side-by-side comparison of Nirmal Bang and Groww. Compare Nirmal Bang Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Nirmal Bang vs 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
Supported Exchnages BSE, NSE, MCX, NCDEX, NMCE NSE and BSE
Account Type Basic Plan Standard Plan
Year of Incorporation 1986 2016
Number of Branches 2000 0
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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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 Brokerage 0.2% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.02% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.02% NA
Equity Options Brokerage Rs 35 NA
Currency Futures Trading Brokerage 0.02% NA
Currency Options Trading Brokerage Rs 20 NA
Commodity Futures Trading Brokerage 0.01% NA
Commodity Options Trading Brokerage NA
Special Offer

Nirmal Bang Charges Vs Groww

Minimum Brokerage Charges Rs 20 or 0.05% per executed order
Other Brokerage 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 provides the margin of Upto 4x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Nirmal Bang Groww
Equity Delivery upto 10x 1x (no margin)
Equity Intraday Upto 4x Up to 8x (based on the stock)
Equity Futures Upto 4x NA
Equity Options Upto 2x for shorting NA
Currency Futures Upto 2x for shorting NA
Currency Options Upto 3x NA
Commodity Futures Upto 3x NA
Commodity Options NA
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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 Available 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 18 customer reviews whereas Groww is rated 4.0 of 5 based on 11 customer reviews.

  Nirmal Bang Groww
  18 Customer Reviews    Rate Nirmal Bang 11 Customer Reviews    Rate Groww
Fees 3.6 4.5
Trading Brokerage 3.4 4.3
Trading Platform Usability 2.5 3.9
Customer Service 2.2 3.6
Research Capabilities 2.8 2.2
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 18 customer reviews Groww is rated 4.0 of 5 based on 11 customer reviews
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  Nirmal Bang Enquire Groww Enquire
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Nirmal Bang Vs Groww Investment Options

  Nirmal Bang Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (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
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.
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