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Religare Broking 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 Religare Broking ranges between 0.05 to 0.50% while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Religare Broking is having overall higher rating compare to Nirmal Bang. Religare Broking is rated 3.5 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Religare Broking is 1,40,818 where number of active customer for Nirmal Bang is 1,37,060. Religare Broking is serving more customer compare to Nirmal Bang.

Here we present side-by-side comparison of Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking vs Nirmal Bang on Service

  Religare Broking Compare
Religare Broking
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 1,40,818 1,37,060
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Religare Broking vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Nirmal Bang offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with Nirmal Bang
Charges Religare Broking Nirmal Bang
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Religare Broking 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 Religare Broking with Nirmal Bang on Plan Options
Plan Types Religare Broking 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 Religare Broking vs Nirmal Bang on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with Nirmal Bang
Brokerage Charges Compare Religare Broking Nirmal Bang
Plan Name Religare One Brokerage Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.50% to 0.10% 0.2% or 20 paisa
Equity Intraday 0.05% to 0.01% 0.02% or 2 paisa
Equity Futures 0.05% or 5 paisa 0.02% or 2 paisa
Equity Options Rs 70 Per Lot Rs 35 Per Lot
Currency Futures 0.05% or 5 paisa 0.02% or 2 paisa
Currency Options Rs 30 Per Lot Rs 20 Per Lot
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot 0.02% or 2 paisa
Minimum Brokerage 1p per share NIL
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day NA
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day NA
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Religare Broking vs Nirmal Bang on Transaction Charges

Compare Religare Broking with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Religare Broking with Nirmal Bang
Transaction Charges Compare Religare Broking 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 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Religare Broking vs Nirmal Bang on Account Features

Compare Religare Broking 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 Religare Broking doesn't offers Algo Trading. Margin Funding - Nirmal Bang offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Religare Broking offers NRI where Nirmal Bang doesn't offers NRI Trading.

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

Compare Religare Broking vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with Nirmal Bang
Trading Platform Compare Religare Broking Nirmal Bang
Desktop Trading Platform OdinDiet and Power FnO 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://secure.religareonline.com/Login.aspx https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Beyond
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Religare Dynami 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Religare Broking vs Nirmal Bang on User Rating

  Religare Broking Nirmal Bang
  56 Customer Reviews    Rate Religare Broking 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.2 4.0
Trading Platform Usability 3.0 3.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.9 3.5
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Religare Broking vs Nirmal Bang on Investment Offerings

Compare Religare Broking 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 Religare Broking with Nirmal Bang
Investment Offerings Compare Religare Broking Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes 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 Religare Broking vs Nirmal Bang on Order Types

Order Type - Compare Religare Broking 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) - Religare Broking 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) - Both broker don't have Bracket Orders (BO).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- Religare Broking offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

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

Compare Religare Broking vs Nirmal Bang on Customer Service

Compare Religare Broking 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 Religare Broking with Nirmal Bang
Customer Service Compare Religare Broking Nirmal Bang
24/7 Customer Service Religare Broking vs Nirmal Bang - 24x7 customer support No No
Email Support Religare Broking vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Religare Broking vs Nirmal Bang - Onine Live Chat No No
Phone Support Religare Broking vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Religare Broking vs Nirmal Bang - Toll Free Number No No
Through Branches Religare Broking vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Religare Broking vs Nirmal Bang - Customer Care Number 1860-25-88888 Info Not Available
Account Opening Process Religare Broking vs Nirmal Bang - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Religare Broking vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Religare Broking vs Nirmal Bang - Knowledge Center/Education Not available Info Not Available
Head Office Address Religare Broking vs Nirmal Bang - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Info Not Available
Website Religare Broking vs Nirmal Bang - Company Website http://www.religareonline.com Info Not Available
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Tips/Research/Reports Published

Compare Religare Broking vs Nirmal Bang on Research Reports, Tips

Compare Religare Broking with Nirmal Bang on research reports and tips provided by the broker.

Research Reports - Compare Religare Broking with Nirmal Bang
  Religare Broking Nirmal Bang
Research Mutual Funds Religare Broking vs Nirmal Bang - Research Mutual Funds Yes Yes
Research Equity Reports Religare Broking vs Nirmal Bang - Research Equity Reports Yes Yes
Research ETF Religare Broking vs Nirmal Bang - Research ETF Yes Yes
Daily Market Report Religare Broking vs Nirmal Bang - Daily Market Report Yes Yes
Free Tips Religare Broking vs Nirmal Bang - Free Tips Yes Yes
Quarterly Result Analysis Religare Broking vs Nirmal Bang - Quarterly Results Yes Yes
News Alerts Religare Broking vs Nirmal Bang - Yes Yes
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Demat Account

Compare Religare Broking vs Nirmal Bang on Demat Account

Compare Religare Broking 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 Religare Broking is ₹400 pa.

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 Religare Broking is ₹12 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 Religare Broking with Nirmal Bang
  Religare Broking Nirmal Bang
DP Source CDSL CDSL
DP ID Religare Broking vs Nirmal Bang - DP ID 30200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹360 pa
Advance Deposit Rs. 500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 0.03% of the transaction value (Min ₹15)
Demat ₹5 per certificate + ₹30 courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher 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 Religare Broking vs Nirmal Bang on Special Offers and Promotion

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

Compare Religare Broking vs Nirmal Bang on Special Offers and Promotion
  Religare Broking Nirmal Bang
Pay In and Pay Out Options Religare Broking vs Nirmal Bang - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Religare Broking vs Nirmal Bang - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Religare Broking vs Nirmal Bang - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

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
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

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 - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00