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Paytm Money Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI. Paytm Money offers investmenet in Equity, F&O and Currency only, where Nirmal Bang offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Paytm Money Max Rs 20 per trade while the brokerage of Nirmal Bang ranges between .02% to .20%. Paytm Money is a Discount Broker where Nirmal Bang is a Full Service Broker. Paytm Money is having overall higher rating compare to Nirmal Bang. Paytm Money is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Paytm Money is 7,40,285 where number of active customer for Nirmal Bang is 1,31,473. Paytm Money is serving more customer compare to Nirmal Bang.

Here we present side-by-side comparison of Paytm Money 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 Paytm Money 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 Paytm Money 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 Paytm Money 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 Paytm Money vs Nirmal Bang on Service

  Paytm Money Compare
Paytm Money
Nirmal Bang Compare
Nirmal Bang
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 7,40,285 1,31,473
Broker Overview In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ... Know more about Paytm Money 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 Paytm Money Request call back from Zerodha
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Account Opening Charges and AMC

Compare Paytm Money vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Paytm Money 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 - Paytm Money offer Free AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Paytm Money with Nirmal Bang
Charges Paytm Money Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Rs 30 per month (Platform fees) Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Paytm Money vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Paytm Money 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 Paytm Money with Nirmal Bang on Plan Options
Plan Types Paytm Money Nirmal Bang
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Paytm Money Zerodha
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs Nirmal Bang on Brokerage Charges

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

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 Paytm Money with Nirmal Bang
Brokerage Charges Compare Paytm Money Nirmal Bang
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower 0.2% or 20 paisa
Equity Intraday 0.05% or Rs 20 whichever is lower 0.02% or 2 paisa
Equity Futures 0.02% or Rs 20 whichever is lower 0.02% or 2 paisa
Equity Options Flat Fee Rs 20 Rs 35 Per Lot
Currency Futures NA 0.02% or 2 paisa
Currency Options NA Rs 20 Per Lot
Commodity Trading NA 0.02% or 2 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 100/order +GST NA
Auto Square off Charges Rs 50/order + GST NA
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Paytm Money vs Nirmal Bang on Transaction Charges

Compare Paytm Money with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Paytm Money with Nirmal Bang
Transaction Charges Compare Paytm Money 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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for paytm-money Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Paytm Money vs Nirmal Bang on Account Features

Compare Paytm Money 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 - Nirmal Bang offers Algo Trading where Paytm Money doesn't offers Algo Trading. Margin Funding - Nirmal Bang offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Paytm Money with Nirmal Bang
Account Features Compare Paytm Money Nirmal Bang
3 in 1 Account No Paytm Money have 2-in-1 account. Only Demate and Trading account. No Paytm Money have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Paytm Money vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money 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 Paytm Money with Nirmal Bang
Trading Platform Compare Paytm Money Nirmal Bang
Desktop Trading Platform Paytm Money ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web 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 Paytm Money App Beyond
Mobile Trading App Demo Paytm Money App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Paytm Money App Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Paytm Money App Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Rs. 30 per month Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Paytm Money vs Nirmal Bang on User Rating

  Paytm Money Nirmal Bang
  5 Customer Reviews    Rate Paytm Money 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.8 4.0
Trading Platform Usability 3.0 3.0
Customer Service Ratings 3.0 3.5
Overall Ratings 3.4 3.5
Broker Rating Paytm Money is Rated 3.4 / 5 based on 5 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Paytm Money vs Nirmal Bang on Investment Offerings

Compare Paytm Money 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 - Nirmal Bang offers trading options in Commodity (MCX) where Paytm Money doesn't offer. 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 Paytm Money with Nirmal Bang
Investment Offerings Compare Paytm Money Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No 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 Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Paytm Money vs Nirmal Bang on Order Types

Order Type - Compare Paytm Money 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) - Paytm Money 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) - Paytm Money 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- Paytm Money offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Paytm Money with Nirmal Bang
Order Type Compare Paytm Money 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 Paytm Money vs Nirmal Bang on Customer Service

Compare Paytm Money 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 Paytm Money with Nirmal Bang
Customer Service Compare Paytm Money Nirmal Bang
24/7 Customer Service Paytm Money vs Nirmal Bang - 24x7 customer support No No
Email Support Paytm Money vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Paytm Money vs Nirmal Bang - Onine Live Chat No No
Phone Support Paytm Money vs Nirmal Bang - Phone Support No Yes
Toll Free Number Paytm Money vs Nirmal Bang - Toll Free Number No No
Through Branches Paytm Money vs Nirmal Bang - Through Branches No Yes
Customer Care Number Paytm Money vs Nirmal Bang - Customer Care Number Info Not Available Info Not Available
Account Opening Process Paytm Money vs Nirmal Bang - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Paytm Money vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Paytm Money vs Nirmal Bang - Knowledge Center/Education https://www.paytmmoney.com/care Info Not Available
Head Office Address Paytm Money vs Nirmal Bang - Head Office Address/Corporate Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Info Not Available
Website Paytm Money vs Nirmal Bang - Company Website https://www.paytmmoney.com/ Info Not Available
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Tips/Research/Reports Published

Compare Paytm Money vs Nirmal Bang on Research Reports, Tips

Compare Paytm Money with Nirmal Bang on research reports and tips provided by the broker.

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

Compare Paytm Money vs Nirmal Bang on Demat Account

Compare Paytm Money 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 Paytm Money is Zero.

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 Paytm Money is ₹10 per ISIN 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 Paytm Money with Nirmal Bang
  Paytm Money Nirmal Bang
DP Source CDSL CDSL
DP ID Paytm Money vs Nirmal Bang - DP ID 12088800 No
Demat Account Annual Maintenance Charges(AMC) Zero ₹360 pa
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN 0.03% of the transaction value (Min ₹15)
Demat ₹250 per 100 shares ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹250 per 100 shares 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹32 per ISIN 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹32 per ISIN 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹32 per ISIN 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs Nirmal Bang on Special Offers and Promotion

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

Compare Paytm Money vs Nirmal Bang on Special Offers and Promotion
  Paytm Money Nirmal Bang
Pay In and Pay Out Options Paytm Money vs Nirmal Bang - Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Paytm Money vs Nirmal Bang - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Paytm Money vs Nirmal Bang - Bank Supported and Charges Paytm Money allows 190+ Banks. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

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
  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

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
Enquiry Open Paytm Money Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-12-22T00:01:54+00:00