Nirmal Bang vs Paytm Money 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 Paytm Money
The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.
Paytm Money: An Overview
Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.
All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata
Nirmal Bang vs Paytm Money Account Opening Charges: 2024
| Charge | Nirmal Bang | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹0 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹200 per year | Annual Platform Fees of Rs.300 |
Nirmal Bang vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | Nirmal Bang | Paytm Money |
|---|---|---|
| Plan Name | N/A | Basic Plan |
| Equity Delivery | 0.2% | ₹0 |
| Equity Intraday | 0.02% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.02% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹35 | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.02% | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹20 | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | 0.01% | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
Nirmal Bang vs Paytm Money Margin / Exposure: 2024
| Segment | Nirmal Bang | Paytm Money |
|---|---|---|
| Equity Delivery | Upto 10x | Upto 4x |
| Equity Intraday | Upto 4x | Upto 20x |
| Equity Future | Upto 4x | Upto 3x |
| Equity Options | Upto 2x for shorting | Upto 5x |
| Currency Future | Upto 2x for shorting | Upto 2x |
| Currency Options | Upto 3x | Upto 3x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | N/A | N/A |