Free Trading + Demat Account

Nirmal Bang Vs RMoney (Compare Nirmal Bang and RMoney)

The side-by-side comparison of Nirmal Bang and RMoney. Compare Nirmal Bang Vs RMoney brokerage, charges, exposure margin, demat account. Read RMoney and Nirmal Bang review.

Find out Nirmal Bang Vs RMoney which is better and Nirmal Bang Vs RMoney which is best.

Our Nirmal Bang Securities Pvt Ltd comparison with Raghunandan Capital Pvt Ltd highlights the major differences between two brokers. Find the best between Nirmal Bang and RMoney.

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Nirmal Bang Vs RMoney

  Nirmal Bang RMoney
Find more info about broker
Nirmal Bang Securities Pvt Ltd Logo Raghunandan Capital Pvt Ltd Logo
About the Broker 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 Kisho... Know more about Nirmal Bang Securities Pvt Ltd Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX, NCDEX
Account Type Basic Plan Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 1986
Number of Branches 2000
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Nirmal Bang Vs RMoney Charges

  Nirmal Bang RMoney
Trading Account Opening Fees Rs 0 ₹0 (Free)
Trading Account AMC Rs 0 ₹0 (Free)
Demat Account Opening Fees Rs 0 ₹0 (Free)
Demat Account AMC Rs 200 ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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Nirmal Bang Vs RMoney Brokerage

Brokerage Plan 1

  Nirmal Bang RMoney
Account Type Basic Plan Zero Brokerage Plans
Fixed Charges NA
Equity Delivery Brokerage 0.2% ₹0 (Free)
Equity Intraday Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage Rs 35 ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 20 ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.01% ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  Nirmal Bang RMoney
Account Type Basic Plan Happy Service Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.2% 0.10% to 0.40%
Equity Intraday Brokerage 0.02% 0.01% to 0.04%
Equity Futures Brokerage 0.02% 0.005% to 0.02%
Equity Options Brokerage Rs 35 ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.02% 0.005% to 0.02%
Currency Options Trading Brokerage Rs 20 0.005% to 0.02%
Commodity Futures Trading Brokerage 0.01% 0.005% to 0.02%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹0 (Unlimited Calls)
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Nirmal Bang Vs RMoney Taxes

  Nirmal Bang RMoney
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Nirmal Bang Vs RMoney Transaction Charges

  Nirmal Bang RMoney
Equity Delivery ₹390 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday ₹390 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures ₹240 NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options ₹5700 NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures ₹240 NSE, BSE - ₹150 per crore (0.0015%)
Currency Options ₹5700 NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity ₹250 MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Nirmal Bang Vs RMoney Exposure Margin

  Nirmal Bang RMoney
Equity Delivery upto 10x Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 4x 20x (5%) (Intraday Only)
Equity Futures Upto 4x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Upto 2x for shorting Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Upto 2x for shorting Intraday - 100X (1%)
Currency Options Upto 3x Intraday - 100X (1%)
Commodity Futures Upto 3x Intraday - 77X (1.3%)
Commodity Options
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Nirmal Bang and RMoney Feature Comparison

  Nirmal Bang RMoney
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) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 Equity 3:15 PM
Other Features
Referral Program
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Nirmal Bang Vs RMoney Review

  Nirmal Bang RMoney
  14 Customer Reviews    Rate Nirmal Bang 3 Customer Reviews    Rate RMoney
Fees Ratings 3.7 4.7
Trading Brokerage Rating 3.5 4.7
Trading Platform Usability 2.7 4.3
Customer Service Ratings 2.5 4.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire RMoney Enquire
Contact Broker
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Nirmal Bang Vs RMoney Investment Options

  Nirmal Bang RMoney
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 Corporate FD, Life Instance, General Insurance
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Nirmal Bang Vs RMoney Customer Service

  Nirmal Bang RMoney
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Nirmal Bang Vs RMoney Order Type Offered

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

  Nirmal Bang RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Nirmal Bang Vs RMoney Suitable For Investor Type

  Nirmal Bang RMoney
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs RMoney - Advantages and Disadvantages

  Nirmal Bang RMoney
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

More Advantages...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

More Advantages...

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.

More Disadvantages...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

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Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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