Nirmal Bang Stock Trading, Demat, Brokerage and Reviews 2020


8.29% 103,547 Clients

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, they also offer a wide range of financial products like mutual funds, IPOs, fixed deposits & bonds, dedicated desk for NRIs and institutional clients, insurance broking(both life & general), clearing services, margin financing, investment banking, portfolio management, wealth advisory & research.

The company is a member of India's premier exchanges, namely, Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), National Commodity & Derivatives Exchange Limited (NCDEX), National Multi Commodity Exchange of India Limited (NMCE) and MCX Stock Exchange Limited. Nirmal Bang is also depository participants (DP) of NSDL and CDSL.

Being a full-service broker, Nirmal Bang also offers in-depth and comprehensive research to its customers. The company's research team offers market insights, identifies and recommends investment opportunities to the customers. Major research services from the company include-

  • Technical Calls on Equity, Commodity and Derivatives
  • Research reports on Equity, Commodity and Mutual Funds
  • IPO Watch
  • Reports on Currency Options
  • A monthly magazine 'Beyond Market'
  • Private Client Group (PCG) Research Desk offers a range of customized product solutions to HNI investors for long-term wealth creation.

Nirmal Bang has built a strong network of regional offices and branches across India. Currently, the company has a physical presence in 16 states of India.

Request a Callback

Nirmal Bang Charges 2020

  • Trading Account Opening Charges (One Time): ₹0
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹0
  • Demat Account Annual Maintenance Charges (AMC): ₹200 /Yr

Nirmal Bang brokerage plans:

  1. Basic Plan

    In this plan the brokerage is charged in % of the transaction. The brokerage charged in this plan is as below:

    • Equity Delivery: 0.2%
    • Equity Intraday: 0.02%
    • Equity Future: 0.02% of Turnover
    • Equity Options (Each Lot): ₹35
    • Currency Future: 0.02%
    • Currency Options (Each Lot): ₹20
    • Commodity: 0.01% of Turnover

Nirmal Bang Brokerage Charges in Detail

Nirmal Bang ChargesEQUITY DeliveryEQUITY Intraday
STT0.01% on both Buy and Sell0.025% on the Sell Side
Transaction Charges0.0039%0.0039%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹50 - Varies by State
Nirmal Bang ChargesFuturesOptions
STT0.01% on Sell Side0.017% on Sell Side(on Premium)
Transaction Charges0.0024%0.057% on premium
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty 0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹50 - Varies by State
Nirmal Bang ChargesCurrency FuturesCurrency Options
STTNo STTNo STT
Transaction Charges0.0024%0.057% on premium
Goods and Services Tax (GST)/B>18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹50 - Varies by State
Nirmal Bang ChargesCommodity Futures
CTT0.01% only on the sell side
Transaction Charges0.0025%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore
Stamp Duty (Maharashtra)0.01% subject to a maximum of ₹50 - Varies by State

Nirmal Bang Charge Structure Explanation:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹5 per Crore.
  • Transaction Charges: This is charged at ₹325/crore for Equity, ₹230/crore for Futures, ₹5500/crore on premium for options.

Useful Articles:

Nirmal Bang Depository Service Charges

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Nil
Closure of Account Nil
First Year AMC ₹200
Annual Maintenance Charges ₹200 (Pro Rata)
Demat Charges (Market & off Market) 0.03% with ₹25 minimum per debit instruction
Dematerialisation Charges ₹40 (For every 50 certificate)
Rematerialisation Charges ₹15 per certificate or 0.04% of value of securities whichever is higher
Pledge Creation ₹100 or 0.02% whichever is higher
Pledge Closure ₹100 or 0.02% whichever is higher
Pledge Invocation ₹100 or 0.02% whichever is higher
Rejection / fails Nil

Visit Nirmal Bang Brokerage Charges Review for more detail.


Nirmal Bang Trading Software (Nirmal Bang Trading Platforms)

Nirmal Bang offers multiple trading platforms based on customers investment style and needs.

ODIN

Nirmal Bang is using ODIN trading platform which is one of the well known and famous platforms. It also works great on low bandwidth. ODIN is an application-based trading front office solution enabling clients to connect to Nirmal Bang servers via the Internet. It is a light-weight easily downloadable application which facilitates efficient trading and incorporates many appealing features required by active clients.

NET NET

It is a web trading application from Nirmal Banh. The platform is built using HTML technology that works on any web browser and acts as a single stop for trading in a range of segments across exchanges. It offers many useful features to traders like real-time charting, multiple market watch, access to trade book/order book, net positions/holdings and instant fund transfer facility etc.

Beyond Mobile App

Beyond is a stock trading mobile application provided by Nirmal Bang. It allows its customers to trade on-the-move. The customers can use the app to trade in Equity, Derivatives, Commodities and Currency across NSE, BSE, NSEFO, MCX & NCDEX. This platform offers all the features like Live Reports, Place After Market Orders (AMO), Intraday and Historic charts, Multiple Market Watch, access to research calls, Branch Locator and in-app calling to dealer etc.

LD Rakshak

It is a risk management software which works in real-time and is connected to both Broking Back-office & DP Back-office during market hours. The software offers many benefits such as live exposure, ledger balance, positions and risk monitoring etc., in real-time during market hours.

LD-Client Level Software

LD Backoffice is a LIVE Back-office Software built using W2FP technology. It is directly connected to the main database and provides the same to a client as that H.O. or Branch. It offers features like access to 28 different reports with options to create own layout. Users can also export reports in multiple file formats and print it for their use.

In addition to the trading platforms discussed above, Nirmal Bang customers can also trade by-

  • Branch Visit- The company has regional offices and branches across the country. You can visit any of the branch offices near to you and place orders online.
  • Call n Trade- You can also use the company's call n trade facility and place your orders over the phone. A company executive will place the order on your behalf. There are dedicated phone numbers, available in the website, for call n trade orders.

 

Visit Nirmal Bang Trading Software Review for more detail.

Contact Nirmal Bang / Request Call Back

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

Name:Phone
EmailCity
State
Are you a day trader?

Nirmal Bang Pros and Cons


Nirmal Bang Pros (Advantages)

The following are the advantages of Nirmal Bang. You must read Nirmal Bang advantages and disadvantages before opening an account with Nirmal Bang. Nirmal Bang pros and cons help you find if it suits your investment needs.

  • Full-service broker with a range of services including broking, PMS, depository and Mutual Funds.
  • Solid research services
  • Provides access to risk management and back office software
  • Strong physical presence with branches in 16 states

Nirmal Bang Cons (Disadvantages)

The following are the cons of Nirmal Bang. Check the list of Nirmal Bang drawbacks.

  • Nirmal Bang doesn't offer 3 in 1 account.
  • Brokerage rates are negotiable.
  • Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  • Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

Nirmal Bang Securities Pvt Ltd Enquiry Form

Nirmal Bang Margin / Exposure

Nirmal Bang leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Deliveryupto 10x
Equity IntradayUpto 4x
Equity FutureUpto 4x
Equity OptionsUpto 2x for shorting
Currency FutureUpto 2x for shorting
Currency OptionsUpto 3x
Commodity FutureUpto 3x
Commodity Options

Visit Nirmal Bang Margin Review for more detail.


Nirmal Bang Ratings

Overall Rating Rated 2.5 stars 2.5/5
Fees Rated 3.8 stars 3.8/5
Brokerage Rated 3.4 stars 3.4/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.3 stars 2.3/5
Research Capabilities Rated 2.5 stars 2.5/5

Based on 16 Votes by Nirmal Bang Customers

Do you trade with Nirmal Bang? Rate Nirmal Bang


Nirmal Bang Complaint

The number of Nirmal Bang customer complaint received by the exchanges. The Nirmal Bang consumer complaint report helps understanding the Nirmal Bang Securities Pvt Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 103,547 16
NSE 2019-20 95,618 71
BSE 2019-20 35,781 9
NSE 2018-19 96,070 81
BSE 2018-19 31,318 4
NSE 2017-18 95,918 69
BSE 2017-18 55,428 14
NSE 2016-17 72,795 91
BSE 2016-17 45,037 25
NSE 2015-16 61,362 108

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Nirmal Bang Complaints at BSE, NSE and MCX for detail report.


26 Comments

Vikram JADHAV
26. Vikram JADHAV  Jun 10, 2020 11:19 I Like It. | I Don't Like It. | Report Abuse Reply
Very poor customer service

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
Sudarshan jha
25. Sudarshan jha  Apr 14, 2020 12:30 I Like It. | I Don't Like It. | Report Abuse Reply
I will explain you Nirmal bang company detail.
First of all iska director Rahul arora chor h or maadharchod h. Second bhut hi lichad company h employee ki salary tak dene m gaand se tatti nikal jati h Rahul arora ki. Customer k account m wrong trade krke paisa churate h yaha K employee. Aisi lund chusne or gaand marwane wali company m na to job k liye jaye or na hi trading. Bhut chudakar company h
dhriti
24. dhriti  Mar 25, 2020 20:55 I Like It. | I Don't Like It. | Report Abuse Reply
Customer service and research team must be experience holder or try to do their best service. agent not clear brokerage charges or margin money or commission related mater.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
Devenblt
23. Devenblt  Feb 18, 2020 08:44 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Nirmal bang demands so much extra formalities when we open account with them.
So much time they take to open a new accounts.
They demand bank statment and margin cheque and also cancell cheque.

Other broker demand only bank statement.

Like this in huf so much extra formalties
Ramesh
22. Ramesh  Nov 9, 2018 19:38 I Like It. | I Don't Like It. | Report Abuse Reply
Don't open trading account in NIRMAL BANG. WORST SERVICES. FALSE ASSURANCE TO CLIENTS./TRADERS.
sukant dalvi
21. sukant dalvi  Sep 3, 2018 11:38 I Like It. | I Don't Like It. | Report Abuse Reply
dear all,

i want open demat a/c with the nirmal bang but i read all the last customers reviews and rating.so i am confuse what should i do? ............

Rohan sharma
21.1. Rohan sharma  Oct 2, 2019 19:28 I Like It. | I Don't Like It. | Report Abuse
Let's try once
saiprasad
20. saiprasad  Nov 23, 2018 06:49 I Like It. | I Don't Like It. | Report Abuse Reply
They have very decent brokerage and amc charges. They are offering commodity and equity trading on the same platform. Very good credit margin to execute a trade if a sudden opportunity comes. the negative is they dont have the option to link the account directly to a sb account. Hence you need to maintain balance at all times or rely on credit margin on offer.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
Anupama Malvankar
19. Anupama Malvankar  Sep 30, 2018 20:46 I Like It. | I Don't Like It. | Report Abuse Reply
Hiii..very hopless Nirmal Bang Securities.Nobody cares for client service.Very undiciplined staff.Very very poor cooperative staff.I have my demat account from oct 2012.I am now totally fed up such hopless staff.I am requesting to all dont go to this organisation to oen demat account.Very good and well organised so many other securities are there.Go there and get good execellent service..I am also soon transfering my demat account from Nirmal Bang and closing very soon..
shraban das
18. shraban das  Sep 27, 2018 01:41 I Like It. | I Don't Like It. | Report Abuse Reply
The wrost brokerage company I ever experienced. pathetic.
even got no response from customer service also. For last few days the app is not opening at all. I called and asked for the assistance so many times but all in vain. Not eligible for a single star.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
Hemant
17. Hemant  Aug 31, 2018 16:35 I Like It. | I Don't Like It. | Report Abuse Reply
Hi this is hemant here i am holding acct in nirmal bang In short words cheaters and fraud company pls if u r planning to invest in this company wrong idea without asking u they will do multiple times blindly trading and end up in big loss, only worried bout their brokerage nothing else so pls go for other companies

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Dhanvin Jhaveri
16. Dhanvin Jhaveri  Oct 10, 2017 00:33 I Like It. | I Don't Like It. | Report Abuse Reply
.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
O P AGARWAL
16.1. O P AGARWAL  Aug 13, 2018 21:25 I Like It. | I Don't Like It. | Report Abuse
WHAT EXCELLENT YOU FOUND IN THEM.THEY ARE WORST FROM ALL ANGLES
O P AGARWAL
15. O P AGARWAL  Aug 13, 2018 21:22 I Like It. | I Don't Like It. | Report Abuse Reply
THE WORST STOCK BROKER I HAVE SEEN IN MY LAST 40+ YEARS STOCK MARKET EXPERIENCE.PLEASE DO NOT OPEN A/C WITH THEM. ON SETTLEMENT DAY THEIR EMPLOYEES WILL FORCE YOU TO TRADE IN FUTURE AND OPTIONS BECAUSE THEY GET SUBSTANTIAL COMMISSION FROM NIRMAL BANG. BE ALERT AND CAREFUL AND DONOT FALL IN THEIR TRAP.BETTER CLOSE THE ACCOUNT AND MOVE SOMEWHERE ELSE.
Yogesh Shenoy
14. Yogesh Shenoy  Jun 23, 2018 09:36 I Like It. | I Don't Like It. | Report Abuse Reply
lots of system glitches due to which the investors loose money and top it up the customer service/IT department dont even respond to the customer queries, even the mails sent to the compliance officer and the CEO fall on deaf ears.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
jogendra sendhav
13. jogendra sendhav  Feb 27, 2018 17:02 I Like It. | I Don't Like It. | Report Abuse Reply
Never Open Account

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
jogendra sendhav
12. jogendra sendhav  Feb 27, 2018 17:00 I Like It. | I Don't Like It. | Report Abuse Reply
Never Open Accounts .Worst brokerage company. I lost lots of money because of them. very bad service and hungry for money. they have lots of hidden charges & they charge extra brokerage. and They Never Call For Your Accounts Status...
So Please Don''t Go With..

MD AMIN
11. MD AMIN  Feb 27, 2018 09:37 I Like It. | I Don't Like It. | Report Abuse Reply
Worst brokerage company. I lost lots of money because of them. very bad service and hungry for money, always asking for funds. Above all they have lots of hidden charges & they charge extra brokerage .

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Murugan s
10. Murugan s  Jan 23, 2018 01:37 I Like It. | I Don't Like It. | Report Abuse Reply
I lost a lot of money due to my stock advisor from Nirmal bang. All false promises and lazy people.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
mangaldeep Jaiswal
9. mangaldeep Jaiswal  Oct 6, 2017 07:49 I Like It. | I Don't Like It. | Report Abuse Reply
Really disappointed


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Mahendra kishor
8. Mahendra kishor  Sep 2, 2017 10:52 I Like It. | I Don't Like It. | Report Abuse Reply
During the Opening account they provide wrong information.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
dheerendra
7. dheerendra  Aug 3, 2017 23:03 I Like It. | I Don't Like It. | Report Abuse Reply
i feel it as i was a customer of it.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average

Are you a Zerodha Customer?








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App