IDBI Direct vs Nirmal Bang Comparison: 2024
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
About Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
IDBI Direct vs Nirmal Bang Account Opening Charges: 2024
| Charge | IDBI Direct | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 (one-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 p.a. | ₹200 per year |
IDBI Direct vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | IDBI Direct | Nirmal Bang |
|---|---|---|
| Plan Name | Standard Plan | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹100 per lot | ₹35 |
| Currency Futures | N/A | 0.02% |
| Currency Options | N/A | ₹20 |
| Commodity Options | N/A | 0.01% |
| Mutual Fund | N/A | N/A |
IDBI Direct vs Nirmal Bang Margin / Exposure: 2024
| Segment | IDBI Direct | Nirmal Bang |
|---|---|---|
| Equity Delivery | Nil | Upto 10x |
| Equity Intraday | Upto 4x | Upto 4x |
| Equity Future | Nil | Upto 4x |
| Equity Options | Nil | Upto 2x for shorting |
| Currency Future | N/A | Upto 2x for shorting |
| Currency Options | N/A | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |