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Nirmal Bang Review | Brokerage Charges, Account Opening, Trading Account, Demat Account

 
 
 
 
 

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Nirmal Bang Review | Brokerage Charges, Account Opening

Logical thinkers always focus on business model of the company whereas overthinkers focuses on share price of the company, that’s why logical thinkers are considered as successful investors and overthinkers are considered as unsuccessful investors because overthinking kills their original plan. Successful investors always used to select a robust and technology-driven platform to invest in share market. In this way, Nirmal Bang is a very old brand of the Indian brokerage industry. Incorporated on 1986 with a motive to generate wealth for individual investors. ‘A relationship beyond broking’ is the tagline of Nirmal Bang which means that it is a relation of trust between the company and their and customer’s satisfaction is the topmost priority of the company. Nirmal Bang provides the facility to invest in NSE, BSE, MCX and NCDEX. This full-service broker is famous for its low brokerage as it charges 0.02% of turnover for intraday trades.
Nirmal Bang is the depositary participant of CDSL & NSDL and offers free demat and trading account opening services in its platform. The company has a brilliant research team which offers market insights and investment ideas to the clients. In 2017, the company had been awarded by ASSOCHAM Excellence Award as Best Financial Service Provider. It offers free trading software such as ODIN, NET NET, Beyond Mobile App, LD Rakshak, LD client level software.

Nirmal Bang Account Opening Charges:

Demat and trading account opening charges of Nirmal Bang are as follows:

Account

Charges

Trading Account Opening Charges

Rs 0

Trading Account AMC

Rs 0

Demat Account Opening Charges

Rs 0

Demat AMC

Rs 200 annually

 

Nirmal Bang Brokerage:

You need to pay brokerage while investing through Nirmal Bang which is as follows:
• Equity Intraday : 0.02%
• Equity Delivery : 0.2%
• Equity Futures : 0.02% of turnover
• Equity Options : Rs 35 per lot
• Currency Futures : 0.02%
• Currency Options : Rs 20 per lot
• Commodity : 0.01% of turnover

Nirmal Bang Other Charges:

Nirmal Bang Charges

Equity Intraday

Equity Delivery

Securities Transaction Tax (STT)

0.01% on both buy & sell

0.025% on the sell side

Transaction Charges

0.0039%

0.0039%

GST

18% on (Brokerage + Transaction charges)

18% on (Brokerage + Transaction Charges)

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

Securities Transaction Tax (STT)

0.01% on sell side

0.017% on the sell side (on premium)

Transaction Charges

0.0024%

0.057% on premium

GST

18% on (Brokerage + Transaction charges)

18% on (Brokerage + Transaction Charges)

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

Securities Transaction Tax (STT)

No STT

No STT

Transaction Charges

0.0024%

0.057% on premium

GST

18% on (Brokerage + Transaction charges)

18% on (Brokerage + Transaction Charges)

SEBI Charges

Rs 5/crore

Rs 5/crore

Stamp Duty

0.01% subject to a maximum of Rs 50 varies by date

0.01% subject to a maximum of Rs 50 varies by date

 

Nirmal Bang Charges

Commodity Futures

CTT

0.01% only on the sell side

Transaction Charges

0.0025%

GST

18% on (Brokerage + Transaction charges)

SEBI Charges

Rs 5/crore

Stamp Duty

0.01% subject to a maximum of Rs 50 varies by date

 

Nirmal Bang Trading Software:

Nirmal Bang offers free trading software and tools to the clients which are as follows:
1. ODIN – Nirmal Bang offers ODIN trading platform which is a application based easily downloadable application.
2. NET NET – This is a browser-based trading platform which is equipped with modern and superior technology. This platform is built using HTML technology that works on any browser such as Google Chrome, Internet Explorer, Safari etc.
3. Beyond Mobile App – Nirmal Bang offers smartphone-based application through which you can trade in almost all the segments.
4. LD Rakshak – It is a risk management software offered by Nirmal Bang which is connected to both broking back-office and DP back-office.
5. LD-Client Level Software – This is a live back-office software which is built by using W2FP technology.

Nirmal Bang Margin:

Segment

Margin

Equity Delivery

No margin

Equity Intraday

Up to 6x (Based on the stock)

Equity Future

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Equity Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Commodity Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

 

Nirmal Bang Advantages & Disadvantages:

Day by day, Nirmal Bang is increasing their client base. We must read advantages and disadvantages before selecting Nirmal Bang.

Advantages:

• Full-secure platform.
• 100% paperless account opening facility.
• NRIs can trade in Indian share market through Nirmal Bang.
• Margin / Exposure facility.
• Provide monthly magazine’ Beyond Market’.
• Research services.
• Easy fund transfer.
• Strong presence across states in India.
• Hassle-free and ultra-fast trading software.

Disadvantages:

• Does not offer 3-in-1 account.
• Does not provide brokerage & margin calculator.



Frequently Asked Question

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).

Nirmal Bang Reviews

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