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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 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) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... 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 What is this parameter? Discount Broker Full Service Broker
Supported Exchnage What is this parameter? NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX, NMCE
Account Type What is this parameter? 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.
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Stock Broker Fees / Charges

  Zerodha Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees What is this parameter? ₹300 Rs 0
Trading Account AMC What is this parameter? ₹0 (Free) Rs 0
Demat Account Opening Fees What is this parameter? ₹100 Rs 0
Demat Account AMC What is this parameter? ₹300 Rs 200
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Nirmal Bang Securities Pvt Ltd
Account Type Standard Plan Basic Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) 0.2%
Equity Intraday Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower 0.02%
Equity Futures Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower 0.02%
Equity Options Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower Rs 35
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower 0.02%
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower Rs 20
Commodity Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower 0.01%
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0
Other Brokerage Charges What is this parameter? Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  Zerodha Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha Nirmal Bang Securities Pvt Ltd
Equity Delivery What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) ₹390
Equity Intraday What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) ₹390
Equity Futures What is this parameter? NSE ₹210 per crore | BSE ₹1 per trade (each side) ₹240
Equity Options What is this parameter? NSE ₹5300 per crore | BSE ₹1 per trade (each side) ₹5700
Currency Futures What is this parameter? NSE ₹135 per crore (0.00135%) ₹240
Currency Options What is this parameter? NSE ₹4400 (on premium) per crore (0.044%) ₹5700
Commodity What is this parameter? Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore ₹250
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Exposure

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

  Zerodha Nirmal Bang Securities Pvt Ltd
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No Yes
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Kite Web, Kite Android/iOS, Pi, Coin Odin Diet
Intraday Square-off Time What is this parameter? 3:10 PM 3:15
Other Features What is this parameter? Direct Mutual Funds
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Broker Ratings (Average User Rating)

  Zerodha Nirmal Bang Securities Pvt Ltd
  327 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 327 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 Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Zerodha Nirmal Bang Securities Pvt Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? No Yes
Debt What is this parameter? No Yes
Other Investment Options What is this parameter?
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Customer Service Offered

  Zerodha Nirmal Bang Securities Pvt Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No Yes
Through Branches What is this parameter? No Yes
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Order Type

  Zerodha Nirmal Bang Securities Pvt Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Zerodha Nirmal Bang Securities Pvt Ltd
Daily Market Report What is this parameter? No Yes
Free Tips What is this parameter? No Yes
Quarterly Result Analysis What is this parameter? No Yes
News Alerts What is this parameter? No Yes
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Suitable for Investor Category

  Zerodha Nirmal Bang Securities Pvt Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Zerodha Nirmal Bang Securities Pvt Ltd
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?

Truly free equity delivery trading

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