Nirmal Bang Vs Indira Securities (Compare Nirmal Bang and Indira Securities)

Nirmal Bang Vs Indira Securities

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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Nirmal Bang	Indira Securities
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE, MCX, NCDEX, NMCE	BSE, NSE, MCX and NCDEX
Account Type	Basic Plan	Traditional Plan
Year of Incorporation	1986	1987
Number of Branches	2000	335
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Nirmal Bang Vs Indira Securities Charges & AMC

Nirmal Bang trading account opening charges is ₹0 while Indira Securities account opening changes is ₹0 (Free). Nirmal Bang Demat Account AMC Charges is ₹200 and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

	Nirmal Bang	Indira Securities
Trading Account Opening Charges	₹0	₹0 (Free)
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹200	₹450 (Free for 1st year)

Nirmal Bang Vs Indira Securities Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Nirmal Bang	Indira Securities
Account Type	Basic Plan	Traditional Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	0.2%	0.10%
Equity Intraday Brokerage	0.02%	0.01%
Equity Futures Brokerage	0.02%	0.01%
Equity Options Brokerage	₹35	₹25 per lot (both side)
Currency Futures Trading Brokerage	0.02%	0.01%
Currency Options Trading Brokerage	₹20	₹25 per lot (both side)
Commodity Futures Trading Brokerage	0.01%	0.01%
Commodity Options Trading Brokerage		₹25 per lot (both side)
Special Offer		Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades.

Nirmal Bang Vs Indira Securities Brokerage Plan 2

	Nirmal Bang	Indira Securities
Account Type	Basic Plan	Discount Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	0.2%	₹20 per executed order
Equity Intraday Brokerage	0.02%	₹20 per executed order
Equity Futures Brokerage	0.02%	₹20 per executed order
Equity Options Brokerage	₹35	₹20 per executed order
Currency Futures Trading Brokerage	0.02%	₹20 per executed order
Currency Options Trading Brokerage	₹20	₹20 per executed order
Commodity Futures Trading Brokerage	0.01%	₹20 per executed order
Commodity Options Trading Brokerage		₹20 per executed order
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Nirmal Bang Charges Vs Indira Securities

Minimum Brokerage Charges		₹20 per executed order
Other Brokerage Charges
Call & Trade Charges		₹0 (Free)

Nirmal Bang Vs Indira Securities Transaction Charges

Nirmal Bang transaction charges for options is ₹5700 while Indira Securities exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

	Nirmal Bang	Indira Securities
Equity Delivery	₹390	NSE ₹325 per Cr (0.00325%)
Equity Intraday	₹390	NSE ₹325 per Cr (0.00325%)
Equity Futures	₹240	NSE ₹190 per Cr (0.0019%)
Equity Options	₹5700	NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures	₹240	NSE ₹120 per Cr (0.0012%)
Currency Options	₹5700	NSE ₹500 per Cr (0.005%) (on premium)
Commodity	₹250	Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹600 per Cr (0.006%)
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Nirmal Bang Vs Indira Securities Leverage (Margin)

Nirmal Bang provides the margin of Upto 4x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

	Nirmal Bang	Indira Securities
Equity Delivery	upto 10x	1x (no margin)
Equity Intraday	Upto 4x	Up to 10x (based on the stock)
Equity Futures	Upto 4x	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Upto 2x for shorting	1x (no margin)
Currency Futures	Upto 2x for shorting	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Upto 3x	1x (no margin)
Commodity Futures	Upto 3x	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options		1x (no margin)
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Compare Nirmal Bang and Indira Securities Features

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

	Nirmal Bang	Indira Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App	ODIN
Intraday Square-off Time	3:15	3:15 PM
Other Features
Referral Program
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Nirmal Bang Vs Indira Securities Review

Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

	Nirmal Bang	Indira Securities
	16 Customer Reviews	2 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews	Indira Securities is rated 4.5 of 5 based on 2 customer reviews

Nirmal Bang Vs Indira Securities Investment Options

	Nirmal Bang	Indira Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Nirmal Bang Vs Indira Securities Order Type Offered

	Nirmal Bang	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Nirmal Bang Vs Indira Securities Research Report

	Nirmal Bang	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Nirmal Bang Vs Indira Securities Suitable For Investor Type

	Nirmal Bang	Indira Securities
Casual Investor
Active Investor
Trader

Nirmal Bang Vs Indira Securities - Pros and Cons

	Nirmal Bang	Indira Securities
Pros	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
Cons	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.	Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers		Free Equity Delivery Trading Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.
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