Based in Mumbai, India, Nirmal Bang is a prestigious brokerage firm founded by its visionary, Nirmal Bang, in 1986.

Over the years, Nirmal Bang has gained a strong foothold in the Indian financial services industry, earning a reputation for reliability and excellence.

Their extensive investment and trading solutions portfolio makes them a trusted choice for clients seeking quality services.

In this article about the Nirmal Bang review article, we will learn about the charges, services, features, and overall performance.

Broker Type Full Service Broker
Active Clients 1.31 Lakh+
Account Opening Charges Free
AMC Rs.200 per Year
Delivery Charges 0.20% of Transaction Value
Intraday Charges 0.02% of Transaction Value

Nirmal Bang - Company Overview

Company Type

Private

Headquarters

Mumbai

Founder

Nirmal Bang

Establishment Year

1986

Why trade or invest with Nirmal Bang?

  • Nirmal Bang goes beyond trade execution, providing comprehensive services as a full-service broker.
  • Nirmal Bang has an extensive branch network, allowing them to serve clients across multiple cities in India. This widespread presence enables them to provide personalized support and assistance to clients, irrespective of their geographic location.
  • The traders can open a free Nirmal Bang account. They must pay a nominal fee of 200 INR annually as an AMC.
  • They have a substantial client base of over 1.31 lakh clients.

Nirmal Bang Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Zero

Equity Delivery

0.20% of Transaction Value

Equity Intraday

0.02% of Transaction Value

Equity Future

0.02% of Transaction Value

Equity Option

Rs.25 per Lot

Commodity Future

0.02% of Transaction Value

Commodity Option

Rs.20 per Lot

Currency Future

0.02% of Transaction Value

Currency Option

Rs.20 per Lot

Under Nirmal Bang brokerage, there are no subscription charges to open an account. Nirmal Bang applies a brokerage fee of 0.20% of the transaction value for equity delivery trades.

For intraday, equity futures, commodity futures, and currency futures trades, the brokerage fee is 0.02% of the transaction value.

A brokerage charge of Rs. 25 per lot applies to trading equity options. The brokerage fee per lot is Rs. 20 for commodity and currency options.


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How to open a Nirmal Bang Demat Account?

Find out the account opening process of Nirmal Bang.

  • Get started with a Nirmal Bang Demat Account by providing your information in the form below.
  • Once you’ve completed the form, Nirmal Bang representatives will promptly reach out to guide you through the account opening process.
  • As part of the process, you must provide specific documents and identification records for verification.
  • Your account will be swiftly opened once verification is complete.

Types of Nirmal Bang Trading Platforms Provided

Web Trading Platform

Trading Terminal

Available

Algo Trading Platform

NA

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

Nirmal Bang provides various trading platforms to cater to the diverse needs of traders and investors.

Nirmal Bang offers a range of trading platforms to meet the diverse requirements of traders and investors.

These encompass an Android app, an iOS app, a web-based trading platform, a dedicated trading terminal, and a specialized forum for mutual fund investments.

In this Nirmal Bang review, we will know the detailed features of each platform in the below section.

Nirmal Bang App & Trading Platforms Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

No

Global indices

No

Customised Recommendations

No

Stock tips

Yes

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

Here is the list of features related to the Nirmal Bang trading platforms and tools:

Nirmal Bang App:

Mentioned below are some of the unique features of the Nirmal Bang App:

  • Users can create a Wishlist of stocks or instruments they are interested in, making tracking and monitoring their preferred choices easy.
  • By delivering real-time market updates, the apps offered by Nirmal Bang empower users to stay informed about the latest market dynamics, stock prices, and other pertinent information.
  • These apps, available on Android and iOS devices, also give stock tips and recommendations based on their research and analysis, providing users with insights and suggestions for potential investment opportunities.

Nirmal Bang Web Trading Platform

Mentioned below are some features of the Nirmal Bang web trading platform:

  • Users can access comprehensive portfolio details, including holdings, performance metrics, profit/loss calculations, and transaction history, providing a clear overview of their investments.
  • Users can leverage interactive charts embedded with various technical indicators, drawing tools, and customizable features.
  • The web trading platform shows live market data, encompassing stock prices, indices, and other crucial market information.

Nirmal Bang Trading Terminal

Below we have listed some of the features of the Nirmal Bang trading terminal:

  • In the trading terminal, traders can explore advanced charting features with various technical indicators, diverse chart types, and drawing tools.
  • This empowers traders to conduct thorough technical analysis and gain visual insights into price patterns, enabling them to make well-informed trading decisions.
  • The trading terminal provides comprehensive portfolio management features.
  • Furthermore, traders can conveniently track their holdings, monitor the performance of their portfolios, and access historical trade data for comprehensive analysis and reporting purposes.

Nirmal Bang Mutual Funds Investment Platform

Below we have listed some of the features of the Nirmal Bang mutual funds investment platform:

  • Experience the convenience of online mutual fund purchases through the Nirmal Bang investment platform, simplifying the investment process while granting access to various mutual fund options.
  • The platform enables quick and hassle-free investment transactions, allowing users to invest from anywhere at any time conveniently.
  • Rest assured, with the platform’s robust security measures, ensure all transactions are securely encrypted to safeguard users’ sensitive financial information.

Nirmal Bang Offers

Free Account Opening

Yes

Free AMC

No

Free Brokerage

No

Flat Brokerage

No

Flexible Brokerage Plans

Yes

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

Yes

Free Research Reports

Yes

Free Trading calls

Yes

Referral Offers

Rs.500 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

Here are various offers provided by Nirmal bang.

  • Clients can open a trading and Demat account with Nirmal Bang at no cost.
  • Nirmal Bang provides flexible brokerage plans to cater to different trading needs and preferences. Clients can choose from various brokerage plans that suit their trading volume and requirements.
  • Clients can execute F&O trades without incurring additional charges, providing cost savings for derivative trading.
  • Clients can access free research reports, keeping them updated with market insights, analyses, and recommendations.
  • Nirmal Bang provides free trading calls or tips to its clients.
  • Nirmal Bang’s clients can utilize margin funding facilities, granting them access to supplementary funds designed for trading purposes.

Nirmal Bang SWOT Analysis

The following section talks about the SWOT analysis for Nirmal Bang:

Strengths:

  • Nirmal Bang boasts a substantial client base of over 1.31 lakh clients. This extensive clientele reflects investors’ trust and confidence in the brand.
  • With a history dating back to 1986, Nirmal Bang is an established brand in the financial services sector.
  • Nirmal Bang strongly emphasizes the security and reliability of its trading platforms.
  • One of the notable strengths of Nirmal Bang is its customer support, which has received a commendable rating of 7.11 out of 10.

Weaknesses:

  • Nirmal Bang does not offer “Happy Trading Hours” or unique time frames with discounted brokerage rates, which some other brokers may provide. This may be a drawback for traders who prefer such discounted trading periods.
  • Unlike brokerage firms, Nirmal Bang doesn’t offer free research reports and market analysis.
  • The absence of free intraday trading is a limitation for traders who frequently engage in short-term trading activities.

Opportunities:

  • Nirmal Bang has the opportunity to expand its product offerings by introducing new investment options, such as thematic portfolios, alternative investments, and socially responsible investment (SRI) funds. This can cater to the evolving demands of investors and attract a broader client base.
  • With the growing popularity of online trading, Nirmal Bang can invest in digital transformation initiatives to enhance its digital presence, improve user interfaces, and provide seamless online trading experiences.

Threats:

  • If investors increasingly prefer self-directed trading or automated investment solutions, there could be a decrease in demand for full-service brokerage firms like Nirmal Bang, impacting their client base and revenue.
  • Political instability, trade disputes, or international conflicts can create economic uncertainties and impact market conditions, potentially affecting Nirmal Bang’s business operations and client sentiment.

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Nirmal Bang Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

Nirmal Bang Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

Yes

Stock Recommendations

Yes

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Nirmal Bang Research & Advisory

Fundamental Reports

Yes

Research Reports

Yes

Company Reports

No

Annual Reports

Yes

IPO Reports

Yes

Technical Reports

Yes

Stock Tips

Yes

Daily Top Stock Picks

Yes, Limited

Daily Market Review

Yes

Monthly Review

No

Weekly Review

No

Relationship Manager

Yes

Robo Advisory

No

Below mentioned are the primary elements encompassing Nirmal Bang’s research and advisory services:

  • With the Nirmal Bang trading account, clients can access fundamental reports that provide detailed analyses of companies, sectors, and market trends.
  • Nirmal Bang offers research reports that cover various aspects of the market, including macroeconomic factors, industry analysis, and specific stock recommendations.
  • Clients can access annual reports of companies listed on stock exchanges.
  • Nirmal Bang provides IPO reports that analyze upcoming initial public offerings.
  • The firm provides technical reports that delve into the analysis of stock movements by studying price patterns, trends, and various technical indicators.
  • Based on its research and analysis, Nirmal Bang provides stock tips or recommendations to clients.
  • Clients of Nirmal Bang benefit from the availability of a dedicated relationship manager who serves as a reliable point of contact for addressing their investment-related queries.
  • Nirmal Bang offers daily top stock picks in a limited capacity, highlighting stocks expected to perform well based on their research and analysis.

Nirmal Bang Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x
  • Nirmal Bang provides a margin of 1x for Equity Delivery, Equity F&O Carry Forward, Commodity F&O Carry Forward, and Currency F&O.
  • The firm offers an intraday margin of up to 5 times for equity intraday trading. However, the specific margin provided may vary depending on the stocks being traded.
  • Nirmal Bang margin of 1.3 times is levied for equity futures and options (F&O) intraday trading and commodity futures and options (F&O) intraday trading.

Nirmal Bang Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Nirmal Bang Review & Rating by Finec.in

Overall Rating

7.14 / 10

Customer Support

7.11 / 10

Technology

7.23 / 10

Charges

7.17 / 10

Products & Service

7.10 / 10

Experience

7.08 / 10

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Nirmal Bang Customer Support

Trading Support

Yes, Free

Dedicated Dealer

Yes, Free

Call Support

022-6820700

Email Support

support@nirmalbang.com

Whatsapp Support

908284620

Website Support

Facebook Support

Twitter Support

Telegram Support

NA

Branches / Offices

Available

  • Clients can contact Nirmal Bang customer care team through their official website and social media channels, including Facebook and Twitter.
  • Clients can contact Nirmal Bang’s customer support team at 022-6820700.
  • Clients can also send their queries or requests to support@nirmalbang.com
  • The customer support team can also be reached by sending a message to 908284620 on WhatsApp, allowing instant messaging-based assistance.
  • Clients can visit their nearest branch for in-person assistance, guidance, and resolution of their queries or concerns.

Nirmal Bang Complaints & Feedback

Total Complaints Lodged

44

Total Complaints Resolved

32

% of Resolved Complaints

72.73%

Non Actionable Complaints

2

% of Non Actionable Complaints

4.55%
  • There are a total of 44 Nirmal Bang complaints filed by its clients.
  • Out of the 44 complaints lodged, Nirmal Bang has successfully resolved 32 of them, achieving a resolution rate of 72.73%.
  • Nirmal Bang has identified two complaints as non-actionable.

Nirmal Bang Charges

Below we are listed Nirmal Bang charges for you, have a look:

  • Nirmal Bang offers free account opening.
  • The stock broking company charges an AMC of Rs.200 annually to maintain clients’ accounts and provide ongoing services.
  • Nirmal Bang imposes Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) on different types of trades.
  • The charges vary depending on the segment and type of transaction. For example, equity delivery incurs a cost of 0.1% on both buy and sell transactions, while equity intraday attracts an amount of 0.025% on sell transactions.
  • Stamp duty charges are applicable on various transactions and vary according to the segment and type of trade.
  • For instance, equity delivery incurs a stamp duty charge of 0.015% on buy transactions, while equity intraday and equity options have a stamp duty charge of 0.003%.
  • Nirmal Bang also imposes certain additional charges that are hidden. Do consider Nirmal Bang hidden charges before signing up with the trader.
  • These charges include SEBI turnover charges of Rs.10 per crore of turnover across all segments, DP charges of Rs.20 per scrip on sell transactions, GST of 18% on brokerage, SEBI charges, and transaction charges, and dematerialization charges of Rs.50 per certificate.

Nirmal Bang Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Rs.200 per Year

Nirmal Bang STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.125% on buy, 0.0625% on sell

Commodity Future

0.01% on sell

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Nirmal Bang Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Nirmal Bang Transaction Charges

Equity Delivery

0.00325% (NSE) & 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) & 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00025% (BSE)

Currency Option

0.035% (NSE) & 0.001% (BSE)

Nirmal Bang Pledge Charges

Pledge Creation Charges

Rs.15 per Scrip

Pledge Invocation Charges

Rs.15 per Scrip

Interest on Margin Trading

0.05% per day

Nirmal Bang Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.20 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.50 per Certificate

Call & Trade Charges

Free


Nirmal Bang Review – Conclusion

In conclusion, Nirmal Bang is a compelling choice for investors seeking a reliable and efficient stockbroking service.

With its extensive experience in the industry, Nirmal Bang has established itself as a trusted full-service broker.

The company’s commitment to customer satisfaction is evident through its extensive client base and positive customer support ratings.

Offering free account opening, flexible brokerage plans, and a range of value-added services, Nirmal Bang strives to cater to the diverse needs of investors.

The above Nirmal Bang review will show you a clear picture of the trader and making the right decision.


Nirmal Bang FAQs

Here is the list of FAQs related to the Nirmal Bang Review.

Is Nirmal Bang a Safe Broker?

Yes, Nirmal Bang is recognized as a trustworthy and dependable broker.

Is Nirmal Bang Good for Beginners?

Yes, Nirmal Bang is suitable for beginners due to its user-friendly platforms, educational resources, personalized assistance, and low account opening charges.

How many active clients does Nirmal Bang currently serve?

Nirmal Bang proudly serves a client base of approximately 1.31 lakh individuals.

Who is the visionary behind the establishment of Nirmal Bang?

Nirmal Bang, the stock broking firm, was founded by its namesake, Nirmal Bang.

Does Nirmal Bang provide complimentary delivery trading?

No, Nirmal Bang charges a fee for delivery trading, which amounts to 0.20% of the transaction value.

What are the charges for intraday trading at Nirmal Bang?

The charges for intraday trading at Nirmal Bang are 0.02% of the transaction value.

What are the F&O charges at Nirmal Bang?

Nirmal Bang does not impose any charges for F&O transactions.

Are there charges for commodity trading at Nirmal Bang?

Yes, Nirmal Bang applies a charge of 0.01% on sell-for-futures commodity trading and 0.05% on sell-for-options commodity trading.

Does Nirmal Bang levy fees for currency trading?

No, Nirmal Bang does not impose any charges for currency trading.

Does Nirmal Bang offer research services?

Indeed, Nirmal Bang provides exemplary research and advisory services to its clients.

How can one contact Nirmal Bang Customer Care?

You can call the Nirmal Bang Customer Care helpline using the numbers – 1800-200-6626 and +91-22-3926-2626. Alternatively, you can email them at customercare@nirmalbang.com

What is the Annual Maintenance Charge (AMC) at Nirmal Bang?

Nirmal Bang levies an Annual Maintenance Charge (AMC) of Rs. 200 per year.

What are the account opening fees at Nirmal Bang?

Account opening is provided free of cost by Nirmal Bang.

What are the charges for pledge creation at Nirmal Bang?

Nirmal Bang applies a fee of Rs. 15 per scrip for pledge creation.

How much are the pledge invocation fees at Nirmal Bang?

For pledge invocation, Nirmal Bang charges Rs. 15 per scrip.

Does Nirmal Bang charge interest on margin trade funding?

Yes, Nirmal Bang imposes an interest of 0.05% per day on margin trade funding.

What are the DP charges at Nirmal Bang?

Nirmal Bang levies DP charges of Rs. 20 per scrip, applicable only on sales.

Are there any fees for account closure at Nirmal Bang?

No, Nirmal Bang does not charge any fees for account closure.

What are the account reactivation fees at Nirmal Bang?

Nirmal Bang does not charge any fees for account reactivation.

What are the call & trade charges at Nirmal Bang?

There are no charges for call and trade services at Nirmal Bang.


 

Customer ratings and reviews of Nirmal Bang

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