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

The side-by-side comparison of Nirmal Bang and Indira Securities. Compare Nirmal Bang Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Nirmal Bang vs 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
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
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Indira Securities. Leave your contact info and we will get in touch with you.
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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)
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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 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)
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available 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 2.5 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    Rate Nirmal Bang 2 Customer Reviews    Rate Indira Securities
Fees 3.8 3.0
Trading Brokerage 3.4 5.0
Trading Platform Usability 2.6 4.5
Customer Service 2.3 4.5
Research Capabilities 2.5 5.0
Overall Ratings Rated 2.5 stars Rated 4.5 stars
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
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Contact Broker / Request A Call Back

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Contact Broker

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

FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹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
Initial Public Offers (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 (₹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 ₹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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