The side-by-side comparison of Religare and Nirmal Bang. Compare Religare Vs Nirmal Bang brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs Nirmal Bang?
Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services.
Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group.
Religare Securities offers retail broking, depository services and other related investme...
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...
Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. 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.
Religare | Nirmal Bang | |
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Type of Broker | Full Service Broker | Full Service Broker |
Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX, NMCE |
Account Type | My Saver Online Plan | Basic Plan |
Year of Incorporation | 1994 | 1986 |
Number of Branches | 1500 | 2000 |
Broker Enquiry |
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Religare trading account opening charges is Rs 500 while Nirmal Bang account opening changes is Rs 0. Religare Demat Account AMC Charges is Rs 400 from second year onward and Nirmal Bang Demat Account AMC Charges is Rs 200.
Religare | Nirmal Bang | |
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Trading Account Opening Charges | Rs 500 | Rs 0 |
Trading Account AMC Charges | Nil | Rs 0 |
Demat Account Opening Charges | Nil | Rs 0 |
Demat Account AMC Charges | Rs 400 from second year onward | Rs 200 |
Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.
Religare | Nirmal Bang | |
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Account Type | My Saver Online Plan | Basic Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% to 0.10% | 0.2% |
Equity Intraday Brokerage | 0.050% to 0.010% | 0.02% |
Equity Futures Brokerage | 0.05% | 0.02% |
Equity Options Brokerage | Rs 70 per lot | Rs 35 |
Currency Futures Trading Brokerage | 0.05% | 0.02% |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 20 |
Commodity Futures Trading Brokerage | 0.05% | 0.01% |
Commodity Options Trading Brokerage | Rs 30 per lot | |
Special Offer | Special Offer: Get Free Trading + Demat Account for limited time. Get the offer |
Minimum Brokerage Charges | 1p per share | |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 10 per executed order (max Rs 50 per day) |
Religare transaction charges for options is 0.06% on Premium while Nirmal Bang exchange transaction charges for options is Rs 5700.
Religare | Nirmal Bang | |
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Equity Delivery | 0.0037% | Rs 390 |
Equity Intraday | 0.0037% | Rs 390 |
Equity Futures | 0.004% | Rs 240 |
Equity Options | 0.06% on Premium | Rs 5700 |
Currency Futures | 0.004% | Rs 240 |
Currency Options | 0.06% on Premium | Rs 5700 |
Commodity | 0.0035% | Rs 250 |
Enquire Religare | Enquire Nirmal Bang |
Religare provides the margin of Upto 10x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.
Religare | Nirmal Bang | |
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Equity Delivery | Upto 4x with 24% interest per year | upto 10x |
Equity Intraday | Upto 10x | Upto 4x |
Equity Futures | Upto 3x | Upto 4x |
Equity Options | Upto 3x for shorting | Upto 2x for shorting |
Currency Futures | Upto 2x | Upto 2x for shorting |
Currency Options | 2x for shorting | Upto 3x |
Commodity Futures | Upto 3x | Upto 3x |
Commodity Options | ||
Enquire Religare | Enquire Nirmal Bang |
The trading platforms offered Religare include Odin Diet, Web, Dynami. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.
Religare | Nirmal Bang | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Trading Platform | Odin Diet, Web, Dynami | Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App |
Intraday Square-off Time | 3:15 | |
Other Features | Mutual Fund, EMI Calculator | |
Referral Program | ||
Enquire Religare | Enquire Nirmal Bang |
Religare is rated 2.9 of 5 based on 77 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.
Religare | Nirmal Bang | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire Religare | Enquire Nirmal Bang |
Religare | Nirmal Bang | |
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Promo / Offers |
Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year. This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you. |
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Enquire Religare | Enquire Nirmal Bang |
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