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Indira Securities Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Indira Securities ranges between 0.01% to 0.10% while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Indira Securities is having overall higher rating compare to Nirmal Bang. Indira Securities is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Nirmal Bang is 1,37,060 where number of active customer for Indira Securities is 8,455. Nirmal Bang is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of Indira Securities vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Indira Securities vs Nirmal Bang's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Indira Securities vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Indira Securities vs Nirmal Bang's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Indira Securities vs Nirmal Bang on Service

  Indira Securities Compare
Indira Securities
Nirmal Bang Compare
Nirmal Bang
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 8,455 1,37,060
Broker Overview Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the... Know more about Indira Securities Open a free trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Indira Securities vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Indira Securities with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Indira Securities charges Rs 400 PA AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Indira Securities with Nirmal Bang
Charges Indira Securities Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Indira Securities with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Indira Securities with Nirmal Bang on Plan Options
Plan Types Indira Securities Nirmal Bang
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Indira Securities vs Nirmal Bang on Brokerage Charges

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different segments.

Brokerage Charges - Compare Indira Securities with Nirmal Bang
Brokerage Charges Compare Indira Securities Nirmal Bang
Plan Name Traditional Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.10% 0.2% or 20 paisa
Equity Intraday 0.01% 0.02% or 2 paisa
Equity Futures 0.01% 0.02% or 2 paisa
Equity Options Rs. 25 per lot (both side) Rs 35 Per Lot
Currency Futures Flat Fee Rs 20 0.02% or 2 paisa
Currency Options Futures: 0.01%|Options: Rs. 25 per lot (both side) Rs 20 Per Lot
Commodity Trading Futures: 0.01%|Options: Rs. 25 per lot (both side) 0.02% or 2 paisa
Minimum Brokerage NA NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Indira Securities vs Nirmal Bang on Transaction Charges

Compare Indira Securities with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Indira Securities with Nirmal Bang
Transaction Charges Compare Indira Securities Nirmal Bang
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri Rs 260| Agri Rs 600 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for indira-securities Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Indira Securities vs Nirmal Bang on Account Features

Compare Indira Securities with Nirmal Bang on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Indira Securities offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Indira Securities with Nirmal Bang
Account Features Compare Indira Securities Nirmal Bang
3 in 1 Account No Indira Securities have 2-in-1 account. Only Demate and Trading account. No Indira Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Indira Securities vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Indira Securities and Nirmal Bang. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Indira Securities with Nirmal Bang
Trading Platform Compare Indira Securities Nirmal Bang
Desktop Trading Platform ODIN Diet ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TradeInsta Beyond
Mobile Trading App Demo TradeInsta Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS TradeInsta Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Indira Securities Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Indira Securities Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Indira Securities Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for indira-securities Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Indira Securities vs Nirmal Bang on User Rating

  Indira Securities Nirmal Bang
  1 Customer Reviews    Rate Indira Securities 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.0 3.5
Trading Brokerage Rating 4.0 4.0
Trading Platform Usability 2.0 3.0
Customer Service Ratings 2.0 3.5
Overall Ratings 3.0 3.5
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Indira Securities vs Nirmal Bang on Investment Offerings

Compare Indira Securities with Nirmal Bang on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Indira Securities with Nirmal Bang
Investment Offerings Compare Indira Securities Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Indira Securities vs Nirmal Bang on Order Types

Order Type - Compare Indira Securities with Nirmal Bang on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Indira Securities provide Cover Orders (CO) where Nirmal Bang doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Indira Securities provide Bracket Orders (BO) where Nirmal Bang doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Indira Securities offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Indira Securities with Nirmal Bang
Order Type Compare Indira Securities Nirmal Bang
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Indira Securities vs Nirmal Bang on Customer Service

Compare Indira Securities with Nirmal Bang on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Indira Securities with Nirmal Bang
Customer Service Compare Indira Securities Nirmal Bang
24/7 Customer Service Indira Securities vs Nirmal Bang - 24x7 customer support Yes No
Email Support Indira Securities vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Indira Securities vs Nirmal Bang - Onine Live Chat Yes No
Phone Support Indira Securities vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Indira Securities vs Nirmal Bang - Toll Free Number Yes No
Through Branches Indira Securities vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Indira Securities vs Nirmal Bang - Customer Care Number +91-(0)731-4797105/115/146 Info Not Available
Account Opening Process Indira Securities vs Nirmal Bang - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Indira Securities vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Indira Securities vs Nirmal Bang - Knowledge Center/Education https://www.indiratrade.com/blog Info Not Available
Head Office Address Indira Securities vs Nirmal Bang - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Info Not Available
Website Indira Securities vs Nirmal Bang - Company Website https://www.indiratrade.com/ Info Not Available
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Tips/Research/Reports Published

Compare Indira Securities vs Nirmal Bang on Research Reports, Tips

Compare Indira Securities with Nirmal Bang on research reports and tips provided by the broker.

Research Reports - Compare Indira Securities with Nirmal Bang
  Indira Securities Nirmal Bang
Research Mutual Funds Indira Securities vs Nirmal Bang - Research Mutual Funds No Yes
Research Equity Reports Indira Securities vs Nirmal Bang - Research Equity Reports Yes Yes
Research ETF Indira Securities vs Nirmal Bang - Research ETF No Yes
Daily Market Report Indira Securities vs Nirmal Bang - Daily Market Report Yes Yes
Free Tips Indira Securities vs Nirmal Bang - Free Tips Yes Yes
Quarterly Result Analysis Indira Securities vs Nirmal Bang - Quarterly Results Yes Yes
News Alerts Indira Securities vs Nirmal Bang - Yes Yes
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Demat Account

Compare Indira Securities vs Nirmal Bang on Demat Account

Compare Indira Securities with Nirmal Bang on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nirmal Bang is ₹360 pa where for Indira Securities is ₹450 pa (Second year onwards).

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Indira Securities is ₹20 or 0.02% whichever is higher where for Nirmal Bang is 0.03% of the transaction value (Min ₹15).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Indira Securities with Nirmal Bang
  Indira Securities Nirmal Bang
DP Source CDSL CDSL
DP ID Indira Securities vs Nirmal Bang - DP ID 752000 No
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) ₹360 pa
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹20 or 0.02% whichever is higher 0.03% of the transaction value (Min ₹15)
Demat ₹5 per certificate + ₹35 courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹50 per RRN 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹50 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹50 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹50 or 0.02% whichever is higher 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges ₹25 Nil
Other Charges Book Charges ₹20,POA Charges ₹130 Nil
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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs Nirmal Bang on Special Offers and Promotion

Compare Indira Securities with Nirmal Bang on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Indira Securities vs Nirmal Bang on Special Offers and Promotion
  Indira Securities Nirmal Bang
Pay In and Pay Out Options Indira Securities vs Nirmal Bang - Pay In and Pay Out Options

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Info Not Available
Payout Time Indira Securities vs Nirmal Bang - Payout Time

Max 24 hrs except bank holidays

Info Not Available
Bank Supported and Charges Indira Securities vs Nirmal Bang - Bank Supported and Charges

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Info Not Available
Bank Detail HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Info Not Available
Likes
  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) facility.

Detail Review...

Dislikes
  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T06:48:55+00:00