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Zerodha Vs Nirmal Bang (Compare Zerodha and Nirmal Bang)

The side-by-side comparison of Zerodha and Nirmal Bang. Compare Zerodha Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Zerodha review.

Find out Zerodha Vs Nirmal Bang which is better and Zerodha Vs Nirmal Bang which is best.

Our Zerodha comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Zerodha and Nirmal Bang.

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Zerodha Vs Nirmal Bang

  Zerodha Nirmal Bang
Find more info about broker
Zerodha Logo Nirmal Bang Securities Pvt Ltd Logo
About the Broker 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... Know more about Zerodha 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 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 Open an Online Trading Account with Zerodha. 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.
Year of Incorporation 2010 1986
Number of Branches 22 2000
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Zerodha Vs Nirmal Bang Charges

  Zerodha Nirmal Bang
Trading Account Opening Fees ₹200 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
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Zerodha Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Zerodha Nirmal Bang
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
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Zerodha Vs Nirmal Bang Taxes

  Zerodha Nirmal Bang
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Zerodha Vs Nirmal Bang Transaction Charges

  Zerodha Nirmal Bang
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
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Zerodha Vs Nirmal Bang Exposure Margin

  Zerodha Nirmal Bang
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 Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Upto 3x
Commodity Options
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Zerodha and Nirmal Bang Feature Comparison

  Zerodha Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
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
Referral Program Yes
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Zerodha Vs Nirmal Bang Review

  Zerodha Nirmal Bang
  354 Customer Reviews    Rate Zerodha 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.8 3.7
Trading Brokerage Rating 4.4 3.5
Trading Platform Usability 3.6 2.7
Customer Service Ratings 3.5 2.5
Overall Ratings Rated 3.8 stars Rated 2.6 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 354 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Nirmal Bang Enquire
Contact Broker
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Zerodha Vs Nirmal Bang Investment Options

  Zerodha Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Zerodha Vs Nirmal Bang Customer Service

  Zerodha Nirmal Bang
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
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Zerodha Vs Nirmal Bang Order Type Offered

  Zerodha Nirmal Bang
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Zerodha Vs Nirmal Bang Research Report

  Zerodha Nirmal Bang
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Zerodha Vs Nirmal Bang Suitable For Investor Type

  Zerodha Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader Yes
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Zerodha Vs Nirmal Bang - Advantages and Disadvantages

  Zerodha Nirmal Bang
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...

  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
  • 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...

  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

Truly free equity delivery trading

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.

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