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.
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
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| 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 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
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Discount Broker |
Full Service Broker |
| Supported Exchnage
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NSE, BSE, MCX and NCDEX |
BSE, NSE, MCX, NCDEX, NMCE |
| Account Type
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Standard Plan |
Basic Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Trading Account Opening Fees
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₹300 |
Rs 0 |
| Trading Account AMC
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₹0 (Free) |
Rs 0 |
| Demat Account Opening Fees
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₹100 |
Rs 0 |
| Demat Account AMC
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₹300 |
Rs 200 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Account Type |
Standard Plan |
Basic Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
0.2% |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
0.02% |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
0.02% |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 35 |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
0.02% |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 20 |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
0.01% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0 |
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| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
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| Call & Trade Charges
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₹20 per executed order |
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Taxes
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Equity Delivery
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
₹390 |
| Equity Intraday
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
₹390 |
| Equity Futures
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NSE ₹210 per crore | BSE ₹1 per trade (each side) |
₹240 |
| Equity Options
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NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
₹5700 |
| Currency Futures
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NSE ₹135 per crore (0.00135%) |
₹240 |
| Currency Options
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NSE ₹4400 (on premium) per crore (0.044%) |
₹5700 |
| Commodity
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Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
₹250 |
Exposure
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Equity Delivery
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1x (no margin) |
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| Equity Intraday
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Up to 20x (based on the stock) |
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| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
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| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
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| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
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| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
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| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
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Share Broker Features
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Kite Web, Kite Android/iOS, Pi, Coin |
Odin Diet |
| Intraday Square-off Time
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3:10 PM |
3:15 |
| Other Features
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Direct Mutual Funds |
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Broker Ratings (Average User Rating)
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
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327 Customer Reviews  |
14 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Zerodha is Rated 3.8 / 5 based on 327 customer reviews |
Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Zerodha |
Nirmal Bang Securities Pvt Ltd |
| Pros
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- 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
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- 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
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Useful Articles about Zerodha:
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| Promo / Offers
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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.
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Enquire about Zerodha
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Enquire about Nirmal Bang
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Zerodha
Zero Account Opening Fee