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Sharekhan Vs Nirmal Bang Share Broker Comparison

The side-by-side comparison of Sharekhan and Nirmal Bang Securities Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Nirmal Bang's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Nirmal Bang.

  Sharekhan Nirmal Bang Securities Pvt Ltd
 
Sharekhan Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan 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
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Classic Account Basic Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹0 (Free) Rs 0
Trading Account AMC ₹0 (Free) Rs 0
Demat Account Opening Fees ₹0 (Free) Rs 0
Demat Account AMC ₹400 (Free for 1st year) Rs 200
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Nirmal Bang Securities Pvt Ltd
Account Type Classic Account Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.2%
Equity Intraday Brokerage 0.10% 0.02%
Equity Futures Brokerage 0.10% 0.02%
Equity Options Brokerage ₹50 per lot Rs 35
Currency Futures Trading Brokerage 0.10% 0.02%
Currency Options Trading Brokerage ₹30 per lot Rs 20
Commodity Futures Trading Brokerage 0.03% 0.01%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Nirmal Bang Securities Pvt Ltd
Account Type Prepaid - ₹1 Lakh Basic Plan
Fixed Charges ₹1,00,000 per year NA
Equity Delivery Brokerage 0.10% 0.2%
Equity Intraday Brokerage 0.015% 0.02%
Equity Futures Brokerage 0.015% 0.02%
Equity Options Brokerage 0.05% or ₹63 per lot Rs 35
Currency Futures Trading Brokerage 0.02%
Currency Options Trading Brokerage Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Nirmal Bang Securities Pvt Ltd
Account Type Margin - ₹1 Lakh Basic Plan
Fixed Charges ₹1,00,000 margin NA
Equity Delivery Brokerage 0.25% 0.2%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage 1% or ₹70 per lot Rs 35
Currency Futures Trading Brokerage 0.02%
Currency Options Trading Brokerage Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share
Other Brokerage Charges
Call & Trade Charges Rs 20
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Taxes

  Sharekhan Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan Nirmal Bang Securities Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹390
Equity Intraday NSE ₹325 | BSE ₹275 ₹390
Equity Futures NSE ₹190 | BSE ₹50 ₹240
Equity Options NSE ₹5000 | BSE ₹50 ₹5700
Currency Futures NSE ₹135 | MCX ₹130 ₹240
Currency Options NSE ₹4220 | MCX ₹3220 ₹5700
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 ₹250
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Exposure

  Sharekhan Nirmal Bang Securities Pvt Ltd
Equity Delivery Upto 5x with 24% interest per year upto 10x
Equity Intraday Upto 10x Upto 4x
Equity Futures 2x Upto 4x
Equity Options Nil Upto 2x for shorting
Currency Futures Nil Upto 2x for shorting
Currency Options Nil Upto 3x
Commodity Upto 2x Upto 3x
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Share Broker Features

  Sharekhan Nirmal Bang Securities Pvt Ltd
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 Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:30 PM 3:15
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Nirmal Bang Securities Pvt Ltd
  277 Customer Reviews    Rate Sharekhan 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.1 3.7
Trading Brokerage Rating 2.9 3.5
Trading Platform Usability 3.7 2.7
Customer Service Ratings 3.4 2.5
Overall Ratings Rated 3.4 stars Rated 2.6 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Nirmal Bang Securities Pvt Ltd
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 Loans, NRI Trading
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Customer Service Offered

  Sharekhan Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

  Sharekhan Nirmal Bang Securities Pvt Ltd
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  Sharekhan Nirmal Bang Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Sharekhan Nirmal Bang Securities Pvt Ltd
Casual Investor Yes Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  Sharekhan Nirmal Bang Securities Pvt Ltd
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.

More Advantages...

  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...

Cons
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

  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...

Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Enquire about Sharekhan Enquire about Nirmal Bang
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