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Nirmal Bang Stock Trading, Demat, Brokerage and Reviews 2024


10.41% 140,413 Clients

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Nirmal Bang Charges 2024

  • Trading Account Opening Charges (One Time): Rs 0
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 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): Rs 35
    • Currency Future: 0.02%
    • Currency Options (Each Lot): Rs 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 Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State 0.01% subject to a maximum of Rs 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 Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 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 Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 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 Charges0.0001% (Rs 10/Crore)
Stamp Duty (Maharashtra)0.01% subject to a maximum of Rs 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 Rs 10 per Crore.
  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 230/crore for Futures, Rs 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 Rs 200
Annual Maintenance Charges Rs 200 (Pro Rata)
Demat Charges (Market & off Market) 0.03% with Rs 25 minimum per debit instruction
Dematerialisation Charges Rs 40 (For every 50 certificate)
Rematerialisation Charges Rs 15 per certificate or 0.04% of value of securities whichever is higher
Pledge Creation Rs 100 or 0.02% whichever is higher
Pledge Closure Rs 100 or 0.02% whichever is higher
Pledge Invocation Rs 100 or 0.02% whichever is higher
Rejection / fails Nil

Visit Nirmal Bang Brokerage Charges Review for more detail.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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.

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 Margin Exposure

Nirmal Bang margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Nirmal Bang F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Nirmal Bang F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure + Delivery margin)1x

Nirmal Bang Ratings

Overall Rating Rated 2.8 stars 2.8/5
Fees Rated 3.7 stars 3.7/5
Brokerage Rated 3.5 stars 3.5/5
Usability Rated 2.7 stars 2.7/5
Customer Service Rated 2.4 stars 2.4/5
Research Capabilities Rated 3.3 stars 3.3/5

Based on 20 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 2023-24 140,413 45 0.03%
BSE 2023-24 50,001 5 0.01%
NSE 2022-23 127,169 61 0.05%
BSE 2022-23 40,946 2 0%
NSE 2021-22 133,686 50 0.04%
BSE 2021-22 39,491 8 0.02%
NSE 2020-21 123,213 61 0.05%
BSE 2020-21 36,217 2 0.01%
NSE 2019-20 95,618 71 0.07%
BSE 2019-20 35,781 9 0.03%

* 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.


Frequently Asked Questions

  1. 1. How to close the Nirmal Bang account?

    You need to submit a signed account closure form to Nirmal Bang's office to close your demat and trading account. The account cannot be closed online.

    Steps to close Nirmal Bang account

    1. Visit the Nirmal Bang website and go to Support Center.
    2. Click on Customer Service Forms.
    3. Go to Trading Account closure.
    4. Click on combined account closure to download the Nirmal Bang Account Closure form.
    5. Download the form, fill in the details and sign the paper form.
    6. Send the form to the address in the form.

    Before submitting the account closure form, ensure:

    • There is no negative cash balance in your account.
    • There are no shares in your account.
    • If there are shares in your account, submit a DIS to transfer the shares to another Demat account along with the Client Master list of the beneficiary account.
    • If more than one person is holding the Demat account, all holders must sign the closure form.

     

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


40 Comments

40. Darshak Shah   I Like It. |Report Abuse|  Link|January 13, 2024 11:13:18 PMReply
It has very good research team

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Above Average
Overall Experience - Excellent
39. SUNIL   I Like It. |Report Abuse|  Link|January 3, 2024 12:00:58 PMReply
GOOD BROKER VERY WELL RESEARCH TEAM BEYOND APP VERY GUD
38. Sagar gaikwad   I Like It. |Report Abuse|  Link|October 21, 2023 7:33:19 AMReply
Third class manager in parmar trade centre in Pune. Froud staff. Please Don't go with Nirmal bang.. they loss my all fund.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
37. Sagar gaikwad   I Like It. |Report Abuse|  Link|October 21, 2023 7:28:28 AMReply
Don't go with Nirmal bang. Mostly pune office in parmar trade centre. There manager ( mukesh patole) and staff if froud. They loss my all fund Without my permission. and now they not received my phone calls and not reply me. Please so don't invest in share market on Nirmal bang brokerage firm..
36. Aqeel   I Like It. |Report Abuse|  Link|September 13, 2023 7:23:49 PMReply
Hi this is Aqeel 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
35. Dr. M. P. SINGH   I Like It. |Report Abuse|  Link|January 11, 2023 9:06:34 AMReply
Service is very poor with fake comments
34. Disha   I Like It. |Report Abuse|  Link|April 27, 2022 9:44:50 PMReply
3rd class people with 3rd class service... These people don’t have manners to talk.. specially Alok bang 3rd class guy..the way he give replies is pathetic...Nich eensan hai... he has looted my entire capital money..Please guys don’t open account with this chor company.. Nirmal bang is worst firm ..

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
33. Aja   I Like It. |Report Abuse|  Link|March 16, 2022 3:14:21 PMReply
I am sharing my experience here. I am giving negative feedback but those who reading it is worth for Money. Please dont trade on this. You will lost everything. And become zero.The don't having good advisor and knowledge in trading. They having bad customer care executive. Who don't know how to talk with respect. Please be proactive. SAVE YOUR MONEY AND TIME..
32. Somnath rajput   I Like It. |Report Abuse|  Link|October 5, 2021 11:12:57 AMReply
Nirmal bang service third class plz dont open demat account in this
Thank you nirmal bang you give very very third class service
31. DEEPAK MESTRI   I Like It. |Report Abuse|  Link|February 24, 2021 12:07:43 AMReply
Dear Sr.
I am holding Trading account with you Trading Code ; JSH042 .Brokarage for Trade in Delivary charge for me is 0.50%. but Is seen on line on site is0.20%
Nirmal Bang brokerage plans:

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): Rs 35
Currency Future: 0.02%
Currency Options (Each Lot): Rs 20
Commodity: 0.01% of Turnover
Nirmal Bang Brokerage Charges in Detail
Nirmal Bang Charges      EQUITY Delivery      EQUITY Intraday
STT      0.01% on both Buy and Sell      0.025% on the Sell Side
Transaction Charges      0.0039%      0.0039%
Goods and Services Tax (GST)      18% on Brokerage + Transaction Charge      18% on Brokerage + Transaction Charge
SEBI Charges      Rs 5/Crore      Rs 5/Crore
Stamp Duty      0.01% subject to a maximum of Rs 50 - Varies by State      0.01% subject to a maximum of Rs 50 - Varies by State
Nirmal Bang Charges      Futures      Options
STT      0.01% on Sell Side      0.017% on Sell Side(on Premium)
Transaction Charges      0.0024%      0.057% on premium
Goods and Services Tax (GST)      18% on Brokerage + Transaction Charge      18% on Brokerage + Transaction Charge
SEBI Charges      Rs 5/Crore      Rs 5/Crore
Stamp Duty      0.01% subject to a maximum of Rs 50 - Varies by State      0.01% subject to a maximum of Rs 50 - Varies by State
Nirmal Bang Charges      Currency Futures      Currency Options
STT      No STT      No STT
Transaction Charges      0.0024%      0.057% on premium
Goods and Services Tax (GST)/B>      18% on Brokerage + Transaction Charge      18% on Brokerage + Transaction Charge
SEBI Charges      Rs 5/Crore      Rs 5/Crore
Stamp Duty      0.01% subject to a maximum of Rs 50 - Varies by State      0.01% subject to a maximum of Rs 50 - Varies by State
Nirmal Bang Charges      Commodity Futures
CTT      0.01% only on the sell side
Transaction Charges      0.0025%
Goods and Services Tax (GST)      18% on Brokerage + Transaction Charge
SEBI Charges      Rs 5/Crore
Stamp Duty (Maharashtra)      0.01% subject to a maximum of Rs 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 Rs 5 per Crore.
Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 230/crore for Futures, Rs 5500/crore on premium for options..
can you please let me know why I am charging 0.5% brokarage for delivary Trade?
31.1. Devesh sharma   I Like It. |Report Abuse|  Link|July 7, 2021 11:56:42 AM
Sir plz contact us and tell me your problem
I am the employee of Nirmal bang securities.
30. Evankapoor   I Like It. |Report Abuse|  Link|February 9, 2021 9:20:21 PMReply
Good experience

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
29. vishnu lute   I Like It. |Report Abuse|  Link|January 21, 2021 12:26:45 AMReply
nirmal bang security pvt ltd provide good service. but after stock sell any share charges not clear understand.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Average
28. OM PRAKASH SHARMA   I Like It. |Report Abuse|  Link|December 12, 2020 4:43:24 PMReply
ONLINE TRADING PLATFORM IS NOT EASY AND GOOD, CC SERVICE IS NOT GOOD,

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Average
27. Amit   I Like It. |Report Abuse|  Link|September 24, 2020 10:21:13 PMReply
Its research is excellent

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
26. Vikram JADHAV   I Like It. |Report Abuse|  Link|June 10, 2020 11:19:41 AMReply
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
25. Sudarshan jha   I Like It. |Report Abuse|  Link|April 14, 2020 12:30:52 PMReply
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
24. dhriti   I Like It. |Report Abuse|  Link|March 25, 2020 8:55:03 PMReply
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
23. Devenblt   I Like It. |Report Abuse|  Link|February 18, 2020 8:44:23 AMReply
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
22. Ramesh   I Like It. |Report Abuse|  Link|November 9, 2018 7:38:07 PMReply
Don't open trading account in NIRMAL BANG. WORST SERVICES. FALSE ASSURANCE TO CLIENTS./TRADERS.
21. sukant dalvi   I Like It. |Report Abuse|  Link|September 3, 2018 11:38:24 AMReply
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? ............

21.1. Rohan sharma   I Like It. |Report Abuse|  Link|October 2, 2019 7:28:45 PM
Let's try once

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