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
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)

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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 2.6 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	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Nirmal Bang Vs Indira Securities Investment Options

	Nirmal Bang	Indira Securities
Stock / Equity
Commodity
Currency
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 (Rs 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 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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