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Nirmal Bang Vs RMoney (Compare Nirmal Bang and RMoney)

Nirmal Bang Securities Pvt Ltd Logo

About 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

Raghunandan Capital Pvt Ltd Logo

About RMoney
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 and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Nirmal Bang Vs RMoney

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 , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Nirmal Bang RMoney
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX, NCDEX
Year of Incorporation 1986
Number of Branches 2000
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Nirmal Bang Vs RMoney Charges & AMC

Nirmal Bang trading account opening charges is Rs 0 while RMoney account opening changes is Rs 199. Nirmal Bang Demat Account AMC Charges is Rs 200 and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

  Nirmal Bang RMoney
Trading Account Opening Charges Rs 0 Rs 199
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 0 for lifetime (Free)

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Nirmal Bang Vs RMoney Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

Account Type Nirmal Bang Basic Plan RMoney Zero Brokerage Plans
Fixed Charges NA NA
Equity Delivery 0.2% Rs 0 (Free)
Equity Intraday 0.02% Rs 18 per executed order or .01% whichever is lower
Equity Futures 0.02% Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 35 Rs 18 per executed order or .01% whichever is lower
Currency Futures 0.02% Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 20 Rs 18 per executed order or .01% whichever is lower
Commodity Futures 0.01% Rs 18 per executed order or .01% whichever is lower
Commodity Options
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

Nirmal Bang Vs RMoney Brokerage Plan 2

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

Minimum Brokerage Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 0 (Unlimited Calls)

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Nirmal Bang Vs RMoney Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

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

Nirmal Bang margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the RMoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Nirmal Bang RMoney
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Nirmal Bang and RMoney Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  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 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 is rated 2.6 of 5 based on 19 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Nirmal Bang RMoney
  19 Customer Reviews    Rate Nirmal Bang 4 Customer Reviews    Rate RMoney
Fees 3.6 4.8
Brokerage 3.5 4.5
Trading Platform 2.6 4.0
Customer Service 2.3 4.0
Research Capabilities 3.0 3.0
Overall Ratings Rated 2.6 stars Rated 3.8 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews

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Contact Broker / Request A Call Back

  Nirmal Bang Enquire RMoney Enquire
Contact Broker Leave your contact information and we will get in touch with you....
RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Nirmal Bang Vs RMoney Investment Options

  Nirmal Bang RMoney
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 Corporate FD, Life Instance, General Insurance

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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 - Pros and Cons

  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
  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.
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. 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.
Reviews Useful Articles:
Promo / Offers

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 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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