Nirmal Bang Vs RMoney (Compare Nirmal Bang and RMoney)

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)

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.

	Nirmal Bang	RMoney
Account Type	Basic Plan	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)

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 6 times of the trade value based on the volatility of the stock whereas the RMoney 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	RMoney
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 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
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	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	4 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	RMoney is rated 3.8 of 5 based on 4 customer reviews

Nirmal Bang Vs RMoney Investment Options

	Nirmal Bang	RMoney
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Corporate FD, Life Instance, General Insurance

Nirmal Bang Vs RMoney Order Type Offered

	Nirmal Bang	RMoney
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 RMoney Research Report

	Nirmal Bang	RMoney
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Nirmal Bang Vs RMoney Suitable For Investor Type

	Nirmal Bang	RMoney
Casual Investor
Active Investor
Trader

Nirmal Bang Vs RMoney - Pros and Cons

	Nirmal Bang	RMoney
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	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
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.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. 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. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
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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