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
Supported Exchnages	BSE, NSE, MCX, NCDEX, NMCE	BSE, NSE, MCX, NCDEX
Account Type	Basic Plan	Zero Brokerage Plans
Year of Incorporation	1986
Number of Branches	2000
Broker Enquiry
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Nirmal Bang Vs RMoney Charges & AMC

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

	Nirmal Bang	RMoney
Trading Account Opening Charges	₹0	₹199
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹200	₹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 ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

	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	₹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	₹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
Special Offer		Special Offer: RMoney ₹0 Account Opening Fee + ₹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 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	₹35	₹20 to ₹80 per lot
Currency Futures Trading Brokerage	0.02%	0.005% to 0.02%
Currency Options Trading Brokerage	₹20	0.005% to 0.02%
Commodity Futures Trading Brokerage	0.01%	0.005% to 0.02%
Commodity Options Trading Brokerage
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Nirmal Bang Charges Vs RMoney

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)

Nirmal Bang Vs RMoney Transaction Charges

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

	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 Leverage (Margin)

Nirmal Bang provides the margin of Upto 4x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

	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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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 Available
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 2.5 of 5 based on 16 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

	Nirmal Bang	RMoney
	16 Customer Reviews	3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews	RMoney is rated 4.0 of 5 based on 3 customer reviews

Nirmal Bang Vs RMoney Investment Options

	Nirmal Bang	RMoney
Stock / Equity
Commodity
Currency
Initial Public Offers (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 ₹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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