Nirmal Bang vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Nirmal Bang vs Zerodha Account Opening Charges: 2024
| Charge | Nirmal Bang | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹0 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹200 per year | ₹300 per year |
Nirmal Bang vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Nirmal Bang | Zerodha |
|---|---|---|
| Plan Name | N/A | Flat Brokerage Plan |
| Equity Delivery | 0.2% | ₹0 (Free) |
| Equity Intraday | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹35 | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.01% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Nirmal Bang vs Zerodha Margin / Exposure: 2024
| Segment | Nirmal Bang | Zerodha |
|---|---|---|
| Equity Delivery | Upto 10x | 1x (no margin) |
| Equity Intraday | Upto 4x | Up to 20x (based on the stock) |
| Equity Future | Upto 4x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Upto 2x for shorting | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Upto 2x for shorting | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |