The side-by-side comparison of Zerodha and Nirmal Bang Securities Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha 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 Zerodha and Nirmal Bang.
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed...
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...
Type of Broker
Discount Broker
Full Service Broker
Supported Exchnage
NSE, BSE, MCX and NCDEX
BSE, NSE, MCX, NCDEX, NMCE
Account Type
Standard Plan
Basic Plan
Broker Enquiry
Stock Broker Fees / Charges
Zerodha
Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees
₹300
Rs 0
Trading Account AMC
₹0 (Free)
Rs 0
Demat Account Opening Fees
₹100
Rs 0
Demat Account AMC
₹300
Rs 200
Demat Account is Mandatory?
No
No
Trading Brokerage Charges
Brokerage Plan 1
Zerodha
Nirmal Bang Securities Pvt Ltd
Account Type
Standard Plan
Basic Plan
Fixed Charges
Equity Delivery Brokerage
₹0 (Free)
0.2%
Equity Intraday Brokerage
₹20 per executed order or .01% whichever is lower
0.02%
Equity Futures Brokerage
₹20 per executed order or .01% whichever is lower
0.02%
Equity Options Brokerage
₹20 per executed order or .01% whichever is lower
Rs 35
Currency Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
0.02%
Currency Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Rs 20
Commodity Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
0.01%
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Other Charges
Minimum Brokerage Charges
₹0
Other Brokerage Charges
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges
₹20 per executed order
Taxes
Zerodha
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.
Transaction Charges
Zerodha
Nirmal Bang Securities Pvt Ltd
Equity Delivery
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
₹390
Equity Intraday
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
₹390
Equity Futures
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
₹240
Equity Options
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
₹5700
Currency Futures
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
₹240
Currency Options
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
₹5700
Commodity
Group A - ₹260 per Cr (0.0026%)
₹250
Exposure
Zerodha
Nirmal Bang Securities Pvt Ltd
Equity Delivery
1x (no margin)
upto 10x
Equity Intraday
Up to 20x (based on the stock)
Upto 4x
Equity Futures
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Upto 4x
Equity Options
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Upto 2x for shorting
Currency Futures
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Upto 2x for shorting
Currency Options
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Upto 3x
Commodity
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Upto 3x
Share Broker Features
Zerodha
Nirmal Bang Securities Pvt Ltd
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
Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time
3:10 PM
3:15
Other Features
Direct Mutual Funds, APIs
Broker Ratings (Average User Rating)
Zerodha
Nirmal Bang Securities Pvt Ltd
330 Customer Reviews
14 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Zerodha is Rated 3.7 / 5 based on 330 customer reviews
Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
Contact Broker / Request A Call Back
Zerodha
Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
Investment Options Available
Zerodha
Nirmal Bang Securities Pvt Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Customer Service Offered
Zerodha
Nirmal Bang Securities Pvt Ltd
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
Zerodha
Nirmal Bang Securities Pvt Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
Zerodha
Nirmal Bang Securities Pvt Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
Zerodha
Nirmal Bang Securities Pvt Ltd
Casual Investor
Active Investor
Trader
Pros, Cons and Other Review Comments
Zerodha
Nirmal Bang Securities Pvt Ltd
Pros
Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
Excellent trading platforms made available for free to all its customers.
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
10% referral credit for reffering new customers.
Direct Mutual Fund Investment is available.
Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
Zerodha
Zero Account Opening Fee