Nirmal Bang Stock Trading, Demat, Brokerage and Reviews 2020


Nirmal Bang Stock Trading, Demat, Brokerage and Reviews 2020


Nirmal Bang Account Opening Enquiry

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.


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 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 ₹5/Crore ₹5/Crore
Stamp Duty 0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹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 ₹5/Crore ₹5/Crore
Stamp Duty 0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹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 ₹5/Crore ₹5/Crore
Stamp Duty 0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹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 ₹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

Nirmal Bang Trading Software

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.

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

Segment Margin
Equity Delivery upto 10x
Equity Intraday Upto 4x
Equity Future Upto 4x
Equity Options Upto 2x for shorting
Currency Future Upto 2x for shorting
Currency Options Upto 3x
Commodity Future Upto 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

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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 96,007 9
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