Nirmal Bang: account opening process online, fees, forms

The account opening process is relatively straightforward. Simple head to the website and then enter your personal information. Upload your documents in the prompted area and then the different details as required. Once all of the things are verified, there would be an in-person verification process. After that, you should get the login credentials for your account.

Nirmal Bang is a full-service stock broker that offers a broad range of financial and non-financial services and products. They offer their users to trade in currency, commodities, derivatives, and equity in the stock market segments. It’s an NSE and BSE member and provides investment opportunities in IPO, Mutual funds, fixed deposits, bonds, and more. There are no account opening charges for both the demat account and a trading account—however, there a 200 rupees annual maintenance charge.

Opening a Demat and Trading account with Nirmal Bang

1. Head to the official website of Nirmal Bang and choose the account opening options. It primarily refers to the opening of a demat account.
2. After which, you will be prompted to enter your mobile number and email address.
3. Once entered, then click enter and type down the OTP for verification purposes.
4. After that, users will then have to upload their photographs with other application details. It could be address, full name, and so on.
5. There are scanned copies of documents required such as bank statements, address proof, PAN number, cancelled cheque, photographs, etc.
6. After all the above steps are done, there will be an application only regarding the bank account details and other financial oriented information to fill up.
7. Verify all the information and documents given before signing on the final application for opening an account.
8. Once done, you will be entitled to an in-person verification process.
9. After this, you should get your login credentials on your mobile number or email address.

Note: Opening a trading account doesn’t require the above-given steps to be repeated. Its opened directly with the Demat account. However, you will have to request a trading account to be opened once the Demat account is setup.

Nirmal Bang Review

Nirmal Bang is a famous stockbroker in the country that has many services and trading platforms to offer. Though the charges might be comparatively higher on the brokerage side of things, it’s a compelling broker to have your trades associated with. There are plenty of trading options and ways to execute trades in the best possible scenario.