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.
Zerodha Vs Nirmal Bang
Zerodha
Nirmal Bang
Find more info about broker
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 ₹20 per executed o...
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
Flat Brokerage Plan
Basic Plan
Broker Enquiry
Year of Incorporation
2010
1986
Number of Branches
22
2000
Enquire Zerodha
Enquire Nirmal Bang
Zerodha Vs Nirmal Bang Charges
Zerodha
Nirmal Bang
Trading Account Opening Fees
₹200
₹0
Trading Account AMC
₹0 (Free)
₹0
Demat Account Opening Fees
₹0
₹0
Demat Account AMC
₹300
₹200
Demat Account is Mandatory?
No
No
Zerodha Vs Nirmal Bang Brokerage
Other Charges
Minimum Brokerage Charges
₹0
Other Brokerage Charges
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges
₹50 per executed order
Zerodha Vs Nirmal Bang Taxes
Zerodha
Nirmal Bang
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)
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.
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%)
₹240
Equity Options
NSE ₹5000 per Cr (0.05%)
₹5700
Currency Futures
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
₹240
Currency Options
NSE ₹70 per Cr (0.0007%) | BSE ₹100 per Cr (0.001%) (on premium)
₹5700
Commodity
Group A - ₹260 per Cr (0.0026%)
₹250
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
Zerodha and Nirmal Bang Feature Comparison
Zerodha
Nirmal Bang
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
Referral Program
Zerodha Vs Nirmal Bang Review
Zerodha
Nirmal Bang
369 Customer Reviews
15 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Zerodha is Rated 3.7 / 5 based on 369 customer reviews Nirmal Bang is Rated 2.5 / 5 based on 15 customer reviews
Zerodha Vs Nirmal Bang Investment Options
Zerodha
Nirmal Bang
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Zerodha Vs Nirmal Bang Customer Service
Zerodha
Nirmal Bang
24/7 Customer Service
Onine Live Chat
Through Branches
Zerodha Vs Nirmal Bang Order Type Offered
Zerodha
Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Zerodha Vs Nirmal Bang Research Report
Zerodha
Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Zerodha Vs Nirmal Bang Suitable For Investor Type
Zerodha
Nirmal Bang
Casual Investor
Active Investor
Trader
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 (Kite) available for free.
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
Brokerage is 0.01% or ₹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.
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 ₹50 order.
Auto Square off is charged at extra ₹50 order.
Doesn't offer 3-in-1 account.
Doesn't offer unlimited trading plans.
Doesn't offer AMC Free Demat account.
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
Promo / Offers
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.
Zerodha
Zero Account Opening Fee