Nirmal Bang vs Kotak Securities Comparison: 2024

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

About Kotak Securities

Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.

With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.

Kotak Securities: An Overview of the Stock Broker

Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well

Nirmal Bang vs Kotak Securities Account Opening Charges: 2024

ChargeNirmal BangKotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹750
Trading Account AMC₹0₹0
Demat Account AMC₹200 per year₹600 per year

Nirmal Bang vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeNirmal BangKotak Securities
Plan NameN/AFixed Brokerage Plan
Equity Delivery0.2%0.49%
Equity Intraday0.02%0.049% (both side)
Equity Futures0.02%0.049% (both side)
Equity Options₹35₹300 per lot
Currency Futures0.02%N/A
Currency Options₹20N/A
Commodity Options0.01%Futures 0.070%
Mutual FundN/AN/A

Nirmal Bang vs Kotak Securities Margin / Exposure: 2024

SegmentNirmal BangKotak Securities
Equity DeliveryUpto 10xN/A
Equity IntradayUpto 4xN/A
Equity FutureUpto 4xN/A
Equity OptionsUpto 2x for shortingN/A
Currency FutureUpto 2x for shortingN/A
Currency OptionsUpto 3xN/A
Commodity FutureUpto 3xN/A
Commodity OptionsN/AN/A

Nirmal Bang vs Kotak Securities Commodity Charges and Plans: 2024

Nirmal Bang charge 0.01% for commodity and Kotak Securities charge Futures 0.070% for commodity.
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