Nirmal Bang Consumer Complaints

 
 
 
 
 

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Nirmal Bang Consumer Complaints

Nirmal Bang is a well-known full-service broker of India, started its operation in 1986 and facilitate you to invest in BSE, NSE, MCX and NCDEX. Nirmal Bang is a SEBI registered broker and a depository participant of CDSL and NSDL. Nirmal Bang offers to invest/trade in equity, derivative, futures, options, IPO, currency, commodity and mutual funds. Nirmal Bang offers 100% paperless 2-in-1 account opening facility on its platform i.e. online demat and trading account. Nirmal Bang is a very popular broker because of its ultra-fast and modern services. Nirmal Bang has a motive to provide you world-class facilities so that you can increase your assets.
Nirmal Bang is a very modern and technology-driven platform which is equipped with new features and a wide range of attractive facilities. Nirmal Bang offers many trading software and tools on its platform which are equipped with all the modern facilities to bring an unmatched trading experience for you. In a very short span of time, Nirmal Bang becomes a market leader of brokerage industry.

Complaint against Nirmal Bang:

Risk and uncertainty are the two main characteristics of stock market. Broker acts as a mediator between national exchanges and customers. Many problems used to come from the broker’s side which can be related to fund transfer, trading software, order execution, demat & trading account, leverage, account opening, NRI account, brokerage etc. Customers/clients used to register those complaints of Nirmal Bang at national exchanges BSE and NSE. Those complaint reports are serious grievances against the full-service broker Nirmal Bang which the broker has failed to resolve. This complaint data is provided by BSE and NSE and it shows overall health of Nirmal Bang.
These complaint report also provides the details of the total no of active customers of Nirmal Bang as well as it shows the growth of the broker year on year.

Nirmal Bang Consumer Complaints:

Financial Year

Exchange

Number of Clients

Total Complaints

Percentage

2021-22

NSE

124,792

11

0.009%

2020-21

BSE

36,233

4

0.01%

NSE

123,229

65

0.05%

2019-20

BSE

35,798

11

0.03%

NSE

95,642

76

0.08%

2018-19

BSE

31,337

6

0.02%

NSE

96,098

87

0.09%

2017-18

BSE

55,447

17

0.03%

NSE

95,933

73

0.07%

2016-17

BSE

45,053

28

0.06%

NSE

72,810

95

0.13%

2015-16

BSE

37,963

26

0.07%

NSE

61,375

112

0.18%

2014-15

BSE

31,422

53

0.17%

NSE

59,302

141

0.24%

2013-14

BSE

185,356

39

0.02%

NSE

49,809

111

0.22%

2012-13

BSE

162,879

36

0.02%

NSE

149,089

115

0.08%

2011-12

BSE

123,029

71

0.06%

NSE

106,457

168

0.16%

 

Nirmal Bang Complaint at NSE

Entity

2021-22

2020-21

2019-20

Defaulter

No

No

No

Number of active clients

124,792

123,229

95,642

Number of complaints received

11

65

76

Resolved through the exchange

8

60

72

Non-actionable

0

3

3

Advised/Opted for arbitration

0

0

6

Pending for redressal with exchange

3

2

5

No. of arbitration filed by clients

 

2

1

Decided by arbitrators in favour of the clients

 

2

1

Decided by the arbitrators

 

1

0

Pending for redressal with arbitrators

 

0

0

 

Nirmal Bang Complaint at BSE

Entity

2020-21

2019-20

2018-19

Defaulter

No

No

No

Number of active clients

36,233

35,798

31,337

Number of complaints received

4

11

6

Resolved through the exchange

4

11

6

Non-actionable

0

0

0

Advised/Opted for arbitration

0

1

0

Pending for redressal with exchange

0

0

0

No. of arbitration filed by clients

0

0

0

Decided by arbitrators in favour of the clients

0

0

0

Decided by the arbitrators

0

0

0

Pending for redressal with arbitrators

0

0

0

 


Frequently Asked Questions


Yes, Nirmal Bang provides the facility of Algo Trading on its platform.
No, Nirmal Bang only offers 2-in-1 account to resident Indians.
Yes, Nirmal Bang offer free advisory services to resident and Non-Resident Indians on investing in mutual fund.
Yes, Nirmal Bang has a team of dedicated investors that deals with investors under the FPI categories.
There are various types of schemes in debt fund category which are as follows: • Liquid & money market funds • Income funds • Short-term funds • Floating rate funds (FRF) • Gift funds • Interval funds • Multiple yield funds • Dynamic bond funds • Fixed maturity plans (FMPs) • Monthly Income plans (MIPs)
2FA password of client on Nirmal Bang is registered mobile number or PAN number.
Yes, Portfolio Management Services (PMS) are available in Nirmal Bang platform.
Nirmal Bang will provide one day training and exam preparation material for NISM exams.
There are many types of equity mutual fund schemes which are as follows: • Large cap equity funds • Mid-cap equity funds • Small cap funds • Multi cap equity funds or diversified equity funds • Thematic equity funds • Equity linked saving scheme (ELSS)
Only US Dollar (USD) futures is being traded against the Indian Rupee (INR).
Yes, Nirmal Bang offers call and trade services for buying and selling of shares on BSE and NSE.
Currency futures are standard contracts of a specified quantity to exchange the currency for another at a specified date in the future known as settlement date at a price that is fixed on purchase date called futures price. It is traded on NSE-CDX.
Not at all, you don’t need to keep a minimum account to open an account on Nirmal Bang.
Yes, Nirmal Bang Markets Limited allows to open more than one account with the same Depositary Participant (DP).

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