Nirmal Bang Review: Nirmal Bang Securities Private Limited, or Nirmal Bang, was incorporated in 1986.
Nirmal Bang is also among the top full-service broking houses that offer various financial products and services.
What is Nirmal Bang?
- The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang, and Kishor Bang.
- Nirmal Bang offers trading services in the following sectors:

- Here, stock trading is offered to retail clients through multiple channels that will include online trading on the BSE as well as the NSE.
- Apart from this, the company is also offering other financial products such as mutual funds, IPOs, fixed deposits and bonds, portfolio management, etc.
- The company is also a member of India’s premier exchanges, such as the following:

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- The company is also a depository participant of NSDL as well as CDSL.
- The company is also seeking to offer in-depth and comprehensive research to its own customers.
- The research team of the company offers market insights and identifies and recommends investment opportunities to its customers.
- The primary research services of the company include the following:
- Technical calls on equity, commodities, and derivatives.
- Research reports on equities, commodities, and mutual funds.
- IPO Watch
- A monthly magazine, “Beyond Market,”
- Reports on currency options.
- Private Client Group (PCG) Research Desk offers a range of customized product solutions to HNI investors for long-term wealth creation.
Nirmal Bang Review for Charges:
The main charges of Nirmal Bang are as follows:

Nirmal Bang Review for Brokerage plans:
The first plan here is the Basic Plan.
In this plan, the brokerage is charged in % of the entire transaction.
The following is the brokerage plan:
Basics | Brokerage Percentage |
Equity Delivery | 0.2% |
Equity Intraday | 0.02% |
Equity Future | 0.02% of turnover |
Equity Options (each lot) | RS. 35 |
Currency Future | 0.02% |
Currency Options (each lot) | RS. 20 |
Commodity | 0.01% of turnover |
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The following are the brokerage charges in detail:
Nirmal Bang Charges | Equity Delivery | Equity Intraday |
STT | 0.01% on both buy and sell | 0.025% on sell side |
Transaction Charges | 0.0039% | 0.0039% |
Goods and Services Tax (GST) | 18% on brokerage + transaction charge | 18% on brokerage + transaction charge |
SEBI Charges | 0.0001% (RS. 10/crore) | 0.0001% (RS. 10/crore) |
Stamp Duty | 0.01% subject to a maximum of Rs. 50- varies by state | 0.01% subject to a maximum of Rs. 50- varies by state |
Nirmal Bang Charges | Futures | Options |
STT | 0.01% on sell side | 0.017% on sell side |
Transaction Charges | 0.0024% | 0.0057% |
Goods and Services Tax (GST) | 18% on brokerage + transaction charge | 18% on brokerage + transaction charge |
SEBI Charges | 0.0001% (RS. 10/crore) | 0.0001% (RS. 10/crore) |
Stamp Duty | 0.01% subject to a maximum of Rs. 50- varies by state | 0.01% subject to a maximum of Rs. 50- varies by state |
Nirmal Bang Charges | Currency Futures | Currency Options |
STT | No STT | No STT |
Transaction Charges | 0.0024% | 0.0057% |
Goods and Services Tax (GST) | 18% on brokerage + transaction charge | 18% on brokerage + transaction charge |
SEBI Charges | 0.0001% (RS. 10/crore) | 0.0001% (RS. 10/crore) |
Stamp Duty | 0.01% subject to a maximum of Rs. 50- varies by state | 0.01% subject to a maximum of Rs. 50- varies by state |
Nirmal Bang’s charge structure explanation:
- STT:
This is charged only on the sell side for intraday as well as F&O trades.
The same is charged on both sides for delivery trades in equity.
- Stamp Duty:
These are the charges that are based on the state the customer is located in.
- GST (Goods and Services Tax):
This is charged at 18% of the total cost of brokerage plus the transaction charges.
- SEBI Turnover Fees:
These fees are charged at Rs. 10 per crore.
- Transaction Charges:
This is charged at Rs. 325/crore for equity, Rs. 230/crore for futures, and Rs. 5500/crore on premiums for options.
Nirmal Bang Depository Services Charges:
Particulars | Charges |
Account opening | Nil |
Closure of account | Nil |
First-year AMC | RS. 200 |
Annual Maintenance Charges | RS. 200 |
Demat charges | 0.03% with RS. 25 minimum per debit instruction |
Dematerialization charges | RS. 40 |
Rematerialization charges | RS.15 per certificate or 0.04% of the value of securities whichever is higher |
Pledge creation | RS. 100 or 0.02% whichever is higher |
Pledge closure | RS. 100 or 0.02% whichever is higher |
Pledge invocation | RS. 100 or 0.02% whichever is higher |
Rejection/fails | Nil |
Nirmal Bang’s Trading Software:
The company is offering multiple trading platforms based on the needs and styles of the customers.
They are as follows:

1. ODIN:
- This trading platform is very well-known as well as famous.
- The same will work well on low bandwidth.
- This ODIN application is the front-office solution that will enable clients to connect to Nirmal Bang servers via the Internet.
2. NET NET:
- This is a web trading application for Nirmal Bang.
- This platform is built using HTML technology that can work on any web browser.
- It also acts as a single point of trading in the range of segments across exchanges.
- It also provides many useful features to traders, such as real-time charting, multiple market watches, instant fund transfers, etc.
3. Beyond Mobile App:
- This is a stock trading mobile application that is provided by Nirmal Bang.
- This application will allow the customer to trade on the move.
- The main features include live reports, after-market orders (AMO), multiple market watches, branch locators, and so on.
4. LD Rakshak:
- This is a risk management software that works in real-time and is connected to both the broking back-office as well as the DP back-office during market hours.
- The software will also offer many benefits such as live exposure, positions, and risk monitoring, etc. in real-time during market hours.
5. LD-Client Level Software:
- LD BackOffice is a live back-office software that is built using W2FP technology.
- It offers access to 28 different reports and the option to create your own layout.
- Above all, the customers of Nirmal Bang can also trade via branch visits or call and trade.
Pros and Cons of Nirmal Bang:
PROs:
The pros of having an account with Nirmal Bang are as follows:

CONs:

Nirmal Bang, Margin Exposure:
- The margin for intraday trading is up to 20% of the trade value based on the stock.
- The F&O intraday trading margin is 1.3x across equity, currency, and commodity trading on the BSE, NSE, and MCX.
- There is also no additional margin offered for Nirmal Bang F&O carry forward positions as well as equity delivery trades.
Conclusion:
We hope that the above blog has given you an idea regarding whether to open a trading account with Nirmal Bang or not and also whether the company is reliable or not.
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