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, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Nirmal Bang?


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


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... Know more about Nirmal Bang Securities Pvt Ltd

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Zerodha Vs Nirmal Bang

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.

  Zerodha Nirmal Bang
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX, NMCE
Account Type Flat Brokerage Plan Basic Plan
Year of Incorporation 2010 1986
Number of Branches 22 2000
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.
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Zerodha Vs Nirmal Bang Charges & AMC

Zerodha trading account opening charges is Rs 200 while Nirmal Bang account opening changes is Rs 0. Zerodha Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Zerodha Nirmal Bang
Trading Account Opening Charges Rs 200 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 300 Rs 200
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Zerodha Vs Nirmal Bang Brokerage Charges & Plans

Zerodha Vs Nirmal Bang Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Zerodha Nirmal Bang
Account Type Flat Brokerage Plan Basic Plan
Fixed Charges NA
Equity Delivery Brokerage Rs 0 (Free) 0.2%
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Futures Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Options Brokerage Rs 20 per executed order Rs 35
Currency Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Currency Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 20
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs Nirmal Bang

Minimum Brokerage Charges 0.03% in Intraday and F&O
Other Brokerage Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per executed order
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Zerodha Vs Nirmal Bang Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Zerodha Nirmal Bang
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 390
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 390
Equity Futures NSE Rs 200 per Cr (0.002%) Rs 240
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) Rs 5700
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) Rs 240
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) Rs 5700
Commodity Group A - Rs 260 per Cr (0.0026%) Rs 250
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Zerodha Vs Nirmal Bang Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

  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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Compare Zerodha and Nirmal Bang Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  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) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 3:15
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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Zerodha Vs Nirmal Bang Review

Zerodha is rated 3.7 of 5 based on 416 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Zerodha Nirmal Bang
  416 Customer Reviews    Rate Zerodha 19 Customer Reviews    Rate Nirmal Bang
Fees 3.7 3.6
Trading Brokerage 4.3 3.5
Trading Platform Usability 3.6 2.6
Customer Service 3.4 2.3
Research Capabilities 2.7 3.0
Overall Ratings Rated 3.7 stars Rated 2.6 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 416 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Nirmal Bang Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Leave your contact information and we will get in touch with you....

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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) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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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) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes 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 - Pros and Cons

  Zerodha Nirmal Bang
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  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
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 50 order.
  • Auto Square off is charged at extra Rs 50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  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.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 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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