Nirmal Bang incorporated in the year 1986 is amongst the top full-service broking house in the industry offering various financial products and services to customers.
This article provides information on About Nirmal Bang reviews, its other charges, Demat and trading account opening charges, benefits of trading account, and many more.
| Nirmal Bang Highlights | |
| Broker Type | Full Service Broker |
| Demat Account AMC | Rs.200 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.02% |
| Delivery Brokerage | 0.20% |
| Exposure | Upto 5x |
What do you know about Nirmal Bang?
Nirmal Bang reviews say that the company is among the leading stock broking company in India. It is engaged in catering to the needs of retail and institutional clients by offering them a broad range of products and services such as equity, currency, derivatives, commodity, and mutual funds, IPOs, Insurance, Depository Services, and PMS.
The company is a registered member of BSE, NSE, MCX, NCDEX, and NMCE Stock exchange limited and is also a depositary participant of NSDL and CDSL. Along with the trading broking services, the company also aims to offer commodity and currency trading facilities and can easily access a wide range of services. The company also offers non-banking financial services for the stock market through its NBFC group.
| About Nirmal Bang | |
| Know a few details about Nirmal Bang | |
| Which type of Company is it? – Public / Private | Private |
| Which type of Broker is it? – Full Service / Discount | Full-Service Broker |
| Where is the registered office of the Company Located? | Mumbai, India |
| Who is the Founder of this Company? | Nirmal Bang |
| When did the company start? | 1986 |
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What are the various Demat Account Opening Charges levied by Nirmal Bang?
Nirmal Bang Demat Account opening charges are quite moderate and can easily be affordable by investors. The Nirmal Bang demat account opening charges and Demat Annual Maintenance Charges are free whereas Trading Annual Maintenance charges are Rs. 200, However company’s minimum initial margin requirement is Rs. 10000. The company also extends its dematerialization facility.
| Nirmal Bang Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with Nirmal Bang | |
| Which is the Depository Participant involved? | CDSL |
| What are the Demat account opening charges? | Rs 0 |
| How much is the Demat AMC? | Rs.200 |
| What is the Trading AMC? | Rs 0 |
| What is the initial Margin amount required? | 75% Margin |
| Is dematerialization available? | Yes |
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Does Nirmal Bang provide any Offers to their Clients?
Some of the Nirmal Bang offers are detailed below:-
- Instant Fund transfer facility
- Complete telephone support to the clients through the helpdesk
- Research reports and advisory services are offered to the customers
- Aftermarket Order facility
- Offers an opportunity to open both demat and trading accounts]
- Online real-time advice/recommendation on your trading platform
- Provides day-to-day news and updates on market
| Nirmal Bang Offers | |
| Here are the various offers provided by Nirmal Bang | |
| Does the broker provide a Free Demat A/C offer? | Yes |
| Does the broker provide Free Trading A/C offer? | Yes |
| Is this broker offers a Discount on Brokerage? | Yes |
| Does the broker offer Happy hour trading to their clients? | No |
| Is the broking house provides a flexible brokerage plan? | Yes |
| Does the broker offer 1-month Free brokerage? | No |
| Are the Holiday offers provided by the broker? | Yes |
| Are there any referral offers shared by the broker? | No |
| Zero Brokerage for Loss-Making Trades | No |
What are the Brokerage Charges levied by Nirmal Bang on various Segments?
Nirmal Bank brokerage charges are the charges imposed on the traders by the brokerage house. These are the compulsory charges that the traders are compelled to pay for hiring brokerage services. Some of Nirmal Bang’s brokerage charges are detailed below:-
Brokerage charges on Equity options are Currency options are Rs. 35 and Rs.20 per lot respectively
The Brokerage charges of equity intraday and currency future are 0.025
Similar Nirmal brokerage charges are different in different categories
| Nirmal Bang Brokerage Charges | |
| Here you will find details of brokerage levied by Nirmal Bang on all segments | |
| What are the Equity Delivery Charges? | 0.20% |
| What are the Equity Intraday Charges? | 0.02% |
| How much brokerage charged for Commodity Trading? | 0.01% |
| What is the brokerage on Equity Futures? | 0.02% |
| How much brokerage charged for Equity Options? | Rs.25 per Lot |
| What is the brokerage on Currency Futures? | 0.02% |
| What is the brokerage on Currency Options? | Rs.20 per Lot |
| How much is the Minimum Brokerage required? | Percentage of Transaction |
| What is the Demat AMC? | Rs.200 |
| How much is the Trading AMC? | Free |
| What is the Minimum Margin Required? | 75% Margin |
Does Nirmal Bang levy any other charges apart from Brokerage?
Yes, Apart from Nirmal Bang brokerage and demat account opening charges, some of the Nirmal Bang other charges such as Transaction charges OF 0.00325%, STT charge of 0.0126% of Total Turnover, Sebi Turnover charges of o0.0002% of Total Turnover, Stamp duty charges relies on the state and 18% of GST charges are also imposed on the traders
| Nirmal Bang Charges | |
| Get deep understanding of all other charges levied by them | |
| How much is the Transaction Charges levied? | 0.00390% of Total Turnover |
| What are the STT charges? | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on the sell side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| What are the SEBI Turnover charges? | 0.00005% (Rs.5/Crore) |
| How much is the Stamp Duty levied? | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| How are the GST charged? |
18% on (Brokerage + Transaction Charge + SEBI Fee)
|
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What is the Limit or Exposure offered by Nirmal Bang?
The maximum Nirmal Bang exposures offered to the traders is 5x in the category of Equity Intraday. With this highest exposure, we can conclude that the company is extending good exposure to the traders.
Similarly, Nirmal Bang exposures for different categories are:-1x on currency future commodity trading and equity delivery,1x on equity options, and 4x on Equity Futures, The lowest Nirmal Bang exposure offered in the category of Currency options and i.e., is 1x. The lowest exposure in the category of equity future implies that the company is extending moderate risk in it.
| Nirmal Bang Exposure or Leverage | |
| Here you will find the exposure or limit provided by them | |
| How much is the limit on Equity Delivery? | 1x |
| What is the limit on Equity Intraday? | Upto 5x |
| How much is the limit on Equity Futures? | 1x |
| What is the limit on Equity Options? | 1x |
| What is the exposure on Currency Futures? | 1x |
| How much is the leverage on Currency Options? | 1x |
| What is the limit on Commodity Trading? | 1x |
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How to open trading and demat account with nirmal bang
To open Nirmal Bang Trading and Demat Account following procedure has to be followed:-
- Click on the lead form given below
- Fill in the entire details asked in the form
- As you will submit the form, you will receive a call from a company representative for verifying your details
- After verifying your details you will be asked to submit documents such as an Aadhar card, Pan Card, 2 Passport size photographs, Address Proof, etc.
- Your documents will be further verified by a company sales representative
- After complete verification of your documents, your account will be activated within a short time
What are the various Trading Platforms provided by Nirmal Bang?
Nirmal Bang Trading Terminal – Nirmal Bang ODIN
This platform is a desktop-based trading software and is highly secure, safe, and smooth to operate. Trade can operate this version of the trading platform simply by downloading the software on the Desktop. With this trading platform, users can manage their hard-earned money funds
Nirmal Bang Web-Based Trading Platform – Nirmal Bang Beyond Web
This trading platform can be accessed by users simply just by browsing a link without installing or downloading. Users can access this trading platform from anywhere they go. Here the users can trade in equity, Currency, Commodity, or Derivatives. Here the charts are available to the user for knowing detailed information about the stock market
Nirmal Bang Mobile Trading App – Nirmal Bang Beyond Trading App
This trading App can be installed on any Android phone or IOS device. Even with the minimum internet speed, users can operate this application effortlessly. Users can operate this trading platform smoothly just with their fingertips as it is operating on mobile. User can take their mobile anywhere and trade with the help of this trading platform.
| Nirmal Bang Trading Platforms | |
| Here you will find all the important trading platforms available with it | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing Web Trading Platforms? | Yes |
| Do they have a Mobile Web Platform? | No |
| Does this broker provide Mobile Trading App for Android? | Yes |
| Does this broker provide Mobile Trading App for iOS? | No |
| Are they having Mobile App for Windows OS? | No |
| Do they have Mobile Trading App for Other OS? | No |
What are the features available in Nirmal Bang Trading Applications?
Nirmal Bang ODIN Features
- Simple, Speedy, and smart mobile trading platform,
- Guest Login can be accessed
- Live Market Quotes
- Ability to trade on the Go
- Payment Gateway is available
- Advance Charting Option
- User Can contact the Dealer
Beyond Web Nirmal Bang Features
- Real-Time charting facility is available
- The fund can be transferred instantly
- Short-cut keys are available for common functions
- Message can be displayed and confirmed in the Online message area
- Users can log in this platform with enhanced authentication
- Smooth and user-friendly working environment
Nirmal Bang Beyond Trading App Features
- Availability of Real-time charting facility
- The working environment is user-friendly
- Payment gateways are available
- Users can contact the dealer
- Ability to trade on the go
- Users can login with enhanced authentication
| Nirmal Bang Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by it | |
| Are these platforms capable of Real-time Updates? | Yes |
| Do these Applications provide Portfolio Details? | Yes |
| Are this software providing Online MF Buy? | Yes |
| Do these platforms have News Flash? | Yes |
| Are these platforms providing Research Reports? | No |
| Are these platforms Easy to Install & use? | Yes |
| Do these Apps have Global Indices? | Yes |
| Are these platforms having Stock Tips? | No |
| Does this software provide Personalized Advisory? | No |
| Are these platforms capable of Interactive charting? | Yes |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | No |
| Are they providing Email Alerts? | Yes |
| Do these platforms have Multi-Account Management solution? | No |
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What are the various Products provided by Nirmal Bang?
Here you can find the comprehensive list of the Nirmal Nang Products offered to the traders:-
The brokerage house extends Equity trading, Currency trading, Options trading, Currency future, Mutual Funds, SIP, Forex trading and many more.
| Nirmal Bang Products | |
| Here are the various products provided by them | |
| Does the broker allow Equity Trading? | Yes |
| Does the broker allow Commodity Trading? | Yes |
| Do they have Currency Trading product available? | Yes |
| Do they provide Options trading? | Yes |
| Are the clients allowed to trade in Futures? | Yes |
| Do they have Mutual Funds as product? | Yes |
| Does the broker allow Forex trading? | Yes |
| Does the broker have Banking products? | No |
| Is SIP allowed by the broker? | Yes |
| Do they have Insurance as a Product? | Yes |
What are the various Services offered by Nirmal Bang?
Here you can find the comprehensive list of the Nirmal Nang Services offered to the traders:-
Nirmal Extends services such as Demat and Trading account services, intraday services, IPO Services, stock recommendation, and trading institution services. The trading exposure of 5x is offered to the customers by the company
| Nirmal Bang Services | |
| Check out the various services provided by it | |
| Does the broking house provide Demat Services? | Yes |
| Does the broking house provide Trading Services? | Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? | No |
| Do they provide Intraday Services? | Yes |
| Are they offering IPO Services to the client? | Yes |
| Do they have Stock Recommendations available? | Yes |
| Are they providing tools for Robo Advisory? | No |
| Does the broker provide PMS? | Yes |
| Do they have Trading Institution available? | No |
| What is the Trading Exposure this broker provides? | Upto 5x |
Does Nirmal Bang provide Research & Advisory to its clients?
Here you can find the comprehensive detail about the Nirmal Nang Research and Advisory Services offered to the traders
The Nirmal Bang equity research services offer fundamental analysis of capital market-related entities for taking investment decisions. The broking house IPO services offer news and updates. It also allows investors to exposure various opportunities in different sectors. The IPO reports of Nirmal Bang enable the traders to be informed about all the latest information on this segment
| Nirmal Bang Research, Advisory & Stock Tips | |
| Here are the various research activities are done by it | |
| Does the broker share Fundamental Reports? | No |
| Does the broker share Research Reports? | Yes |
| Do they provide Company Reports to their clients? | No |
| Are they analyzing the Annual Reports of Companies? | No |
| Do they share Company Stock Reviews? | No |
| Are they sharing Free Stock Tips with their clients? | Yes |
| Do they analyze & share IPO Reports? | Yes |
| Does the broking company provide Top Picks? | Yes |
| Are they sharing Daily Market Review? | Yes |
| Do they have Monthly Reports? | No |
| Does the broker provide Weekly Reports? | No |
| Are they having Offline Advisory? | Yes |
| Do they provide Relationship Managers to clients? | Yes |
What are the Customer Care details of Nirmal Bang?
Here you can find comprehensive information about the Nirmal Nang Customer Care services:-
The company offers dedicated dealer, Online, and Offline Trading services to the customers which offer a seamless trading experience to the clients. The company also has 50 branches where customers can personally visit their nearby office for their grievances.
| Nirmal Bang Customer Support | |
| Let’s have a better understanding of Customer Care Service | |
| Are they providing Dedicated dealers to their clients? | Yes |
| Do they allow Offline Trading? | Yes |
| Do they have facilities for Online Trading? | Yes |
| Are they providing 24*7 Support? | No |
| Does this broker provide Email Support? | No |
| Is this broker having Chat Support? | No |
| How many Branches the stock broker has? | 50 |
Are there any Complaints filed against Nirmal Bang by their clients?
The below List shows the detail of the Nirmal Bang complaints lodged and resolved in BSE and NSE stock exchanges The Nirmal Bang received 64 complaints against it in BSE stock exchanges and 91 complaints in NSE stock exchanges.
Entire complaints which were lodged against the company were resolved in the same year and with such complaints, it shows the company is moderately performing in the industry
| Nirmal Bang Complaints | |
| Here you will know about the Complaints lodged against it | |
| What is the total number of Complaints Lodged in BSE? | 64 |
| How many of these complaints have been Resolved in BSE? | 64 |
| What is the total number of Complaints Lodged in NSE? | 91 |
| How many of these complaints have been Resolved in NSE? | 91 |
What are the advantage/benefits of the Nirmal Bang trading account?
- The brokerage house employs robust infrastructure and excellent technology which offers a transparent and qualitative trading experience to the clients right from executing a trade to communicating information to the users
- A personalized trading solution for the clients
- Instant fund transfer facility
- User-friendly and state-of-the-art trading platforms
- The company experts aim to maximize your return, No-matter your funds are small or big
What are the Nirmal Bang Review & Ratings as per their Customer?
Here is the detail of the Nirmal Bang reviews ratings given by the customers in a different category. The highest rating of 6.7 out of 10 is offered to the company in the category of products and services offered by the company.
With this rating, it seems that the company is offering excellent products and services through which customers are highly satisfied. In all the category rating is offered to clients above 6 out of 10 which seem that is performing outstandingly in the industry. The company also has 355 branches where customers can approach and get their instant trading and demat account open
| Nirmal Bang Ratings & Reviews | |
| We are looking at Companies Ratings on various parameters | |
| Stock Market Research & Broking Advisory | 6.5/10 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. | 6.2/10 |
| Types of Products & Services the Brand provides | 6.7/10 |
| Performance Mobile App, Trading Terminal & Web Trading Platform | 6.0/10 |
| Experience in the Broking Business | 6.5/10 |
| Total Avg. Rating of Broking House | 6.4/10 |
| Star Rating of given to Stock Broker | ★★★☆☆ |
| Number of People Contributed to These Ratings | 355 |
Nirmal bang concluison
Nirmal Bank is a private full-service stock broking company in India offering a range of services such s portfolio management services, broking services, and Depository and mutual funds facilities.
The company has various offline branches where the candidate can approach and resolve trading-related issues or concerns. The company also offers excellent research services users’ comprehensive research reports are available to the customers. So, at last, it is concluded by looking at all these features that the company is good to choose.
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