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


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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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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
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX and NCDEX
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 Rs 0 while Indira Securities account opening changes is Rs 0 (Free). Nirmal Bang Demat Account AMC Charges is Rs 200 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Nirmal Bang Indira Securities
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 200 Rs 450 (Free for 1st year)
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Nirmal Bang Vs Indira Securities Brokerage Charges & Plans

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 0.2% 0.10%
Equity Intraday 0.02% 0.01%
Equity Futures 0.02% 0.01%
Equity Options Rs 35 Rs 25 per lot (both side)
Currency Futures 0.02% 0.01%
Currency Options Rs 20 Rs 25 per lot (both side)
Commodity Futures 0.01% 0.01%
Commodity Options Rs 25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 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 0.2% Rs 20 per executed order
Equity Intraday 0.02% Rs 20 per executed order
Equity Futures 0.02% Rs 20 per executed order
Equity Options Rs 35 Rs 20 per executed order
Currency Futures 0.02% Rs 20 per executed order
Currency Options Rs 20 Rs 20 per executed order
Commodity Futures 0.01% Rs 20 per executed order
Commodity Options Rs 20 per executed order
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Nirmal Bang Charges Vs Indira Securities

Minimum Brokerage Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 0 (Free)
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Nirmal Bang Vs Indira Securities Transaction Charges

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

  Nirmal Bang Indira Securities
Equity Delivery Rs 390 NSE Rs 325 per Cr (0.00325%)
Equity Intraday Rs 390 NSE Rs 325 per Cr (0.00325%)
Equity Futures Rs 240 NSE Rs 190 per Cr (0.0019%)
Equity Options Rs 5700 NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 240 NSE Rs 120 per Cr (0.0012%)
Currency Options Rs 5700 NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Rs 250 Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Nirmal Bang Vs Indira Securities 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 Indira Securities 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 Indira Securities
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 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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
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Nirmal Bang Vs Indira Securities Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  Nirmal Bang Indira Securities
  19 Customer Reviews    Rate Nirmal Bang 3 Customer Reviews    Rate Indira Securities
Fees 3.6 2.3
Brokerage 3.5 4.3
Trading Platform 2.6 4.0
Customer Service 2.3 4.0
Research Capabilities 3.0 4.3
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire Indira Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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Nirmal Bang Vs Indira Securities Investment Options

  Nirmal Bang Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Nirmal Bang Vs Indira Securities Order Type Offered

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

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

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

  Nirmal Bang Indira Securities
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
  • 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
  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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 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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