Compare Brokers Articles Complaints Compare Side-by-Side About Brokers

Zerodha Vs Nirmal Bang Share Broker Comparison

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	Nirmal Bang Securities Pvt Ltd
	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Nirmal Bang Review FAQs Brokerage

About the Broker	Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...	Incorporated in 1986, Nirmal Bang Securities Pvt Ltd. (Nirmal Bang) is amongst the top full-service broking house, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore...
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

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 crore \| BSE ₹1 per trade (each side)	₹390
Equity Intraday	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	₹390
Equity Futures	NSE ₹210 per crore \| BSE ₹1 per trade (each side)	₹240
Equity Options	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)	₹5700
Currency Futures	NSE ₹135 per crore (0.00135%)	₹240
Currency Options	NSE ₹4400 (on premium) per crore (0.044%)	₹5700
Commodity	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore	₹250

Exposure

	Zerodha	Nirmal Bang Securities Pvt Ltd
Equity Delivery	1x (no margin)
Equity Intraday	Up to 20x (based on the stock)
Equity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span

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
Trading Platform	Kite Web, Kite Android/iOS, Pi, Coin	Odin Diet
Intraday Square-off Time	3:10 PM	3:15
Other Features	Direct Mutual Funds

Broker Ratings (Average User Rating)

	Zerodha	Nirmal Bang Securities Pvt Ltd
	321 Customer Reviews	14 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.8 / 5 based on 321 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	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

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. More Advantages...	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 More Advantages...
Cons	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra Rs 20 order. Doesn't provide options to invest in IPO, Bond and NCD's public offers. Margin funding is not available. GTC/GTD not available in Equity. More Disadvantages...	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. More Disadvantages...
Reviews	Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
Promo / Offers	Truly free equity delivery trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
	Enquire about Zerodha	Enquire about Nirmal Bang
Compare More Brokers	Zerodha Vs ICICIDirect Zerodha Vs HDFC Securities Zerodha Vs Kotak Securities Zerodha Vs AxisDirect Zerodha Vs SBI Securities Zerodha Vs Sharekhan Zerodha Vs Angel Broking Zerodha Vs India Infoline (IIFL) Zerodha Vs Ventura Zerodha Vs Motilal Oswal Zerodha Vs Karvy Zerodha Vs Geojit Zerodha Vs Religare Zerodha Vs Reliance Securities Zerodha Vs SMC Global Zerodha Vs Edelweiss Zerodha Vs Anand Rathi Zerodha Vs ProStocks Zerodha Vs 5paisa Zerodha Vs Trade Smart Online Zerodha Vs Upstox Zerodha Vs SAMCO Zerodha Vs Fyers Zerodha Vs TradingBells Zerodha Vs Tradeplus Zerodha Vs Beeline Zerodha Vs Finvasia Zerodha Vs Bonanza Zerodha Vs SAS Online Zerodha Vs MyValueTrade Zerodha Vs Tradejini Zerodha Vs Wisdom Capital Zerodha Vs Achiievers Equities Zerodha Vs RKSV Zerodha Vs IDBI Paisabuilder Zerodha Vs Indiabulls Zerodha Vs Aditya Birla Money Zerodha Vs Just Trade Zerodha Vs Alice Blue Zerodha Vs Trustline Zerodha Vs RMoney Zerodha Vs iTradeOnline	Nirmal Bang Vs ICICIDirect Nirmal Bang Vs HDFC Securities Nirmal Bang Vs Kotak Securities Nirmal Bang Vs AxisDirect Nirmal Bang Vs SBI Securities Nirmal Bang Vs Sharekhan Nirmal Bang Vs Angel Broking Nirmal Bang Vs India Infoline (IIFL) Nirmal Bang Vs Ventura Nirmal Bang Vs Motilal Oswal Nirmal Bang Vs Karvy Nirmal Bang Vs Geojit Nirmal Bang Vs Religare Nirmal Bang Vs Reliance Securities Nirmal Bang Vs SMC Global Nirmal Bang Vs Edelweiss Nirmal Bang Vs Anand Rathi Nirmal Bang Vs ProStocks Nirmal Bang Vs 5paisa Nirmal Bang Vs Trade Smart Online Nirmal Bang Vs Upstox Nirmal Bang Vs SAMCO Nirmal Bang Vs Fyers Nirmal Bang Vs TradingBells Nirmal Bang Vs Tradeplus Nirmal Bang Vs Beeline Nirmal Bang Vs Finvasia Nirmal Bang Vs Bonanza Nirmal Bang Vs SAS Online Nirmal Bang Vs MyValueTrade Nirmal Bang Vs Tradejini Nirmal Bang Vs Wisdom Capital Nirmal Bang Vs Achiievers Equities Nirmal Bang Vs RKSV Nirmal Bang Vs IDBI Paisabuilder Nirmal Bang Vs Indiabulls Nirmal Bang Vs Aditya Birla Money Nirmal Bang Vs Just Trade Nirmal Bang Vs Alice Blue Nirmal Bang Vs Trustline Nirmal Bang Vs RMoney Nirmal Bang Vs iTradeOnline