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

ChargeNirmal BangPaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹200 per yearAnnual Platform Fees of Rs.300

Nirmal Bang vs Paytm Money Brokerage Charges and Plans : 2024

ChargeNirmal BangPaytm Money
Plan NameN/ABasic Plan
Equity Delivery0.2%₹0
Equity Intraday0.02%0.05% of turnover or ₹10 whichever is lower
Equity Futures0.02%0.05% of turnover or ₹10 whichever is lower
Equity Options₹350.05% of turnover or ₹10 whichever is lower
Currency Futures0.02%0.05% of turnover or ₹10 whichever is lower
Currency Options₹200.05% of turnover or ₹10 whichever is lower
Commodity Options0.01%0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Nirmal Bang vs Paytm Money Margin / Exposure: 2024

SegmentNirmal BangPaytm Money
Equity DeliveryUpto 10xUpto 4x
Equity IntradayUpto 4xUpto 20x
Equity FutureUpto 4xUpto 3x
Equity OptionsUpto 2x for shortingUpto 5x
Currency FutureUpto 2x for shortingUpto 2x
Currency OptionsUpto 3xUpto 3x
Commodity FutureUpto 3xUpto 3x
Commodity OptionsN/AN/A

Nirmal Bang vs Paytm Money Currency Charges and Plans: 2024

Nirmal Bang charge 0.02% for Currency Futures and ₹20 for Currency Options whereas Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.

Nirmal Bang vs Paytm Money Commodity Charges and Plans: 2024

Nirmal Bang charge 0.01% for commodity and Paytm Money charge 0.05% of turnover or ₹10 whichever is lower for commodity.
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