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Sharekhan 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 Sharekhan ranges between 0.1 to 0.5% while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Sharekhan is having overall higher rating compare to Nirmal Bang. Sharekhan is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Sharekhan is 6,50,277 where number of active customer for Nirmal Bang is 1,37,060. Sharekhan is serving more customer compare to Nirmal Bang.

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

  Sharekhan Compare
Sharekhan
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? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,50,277 1,37,060
Broker Overview Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ... Know more about Sharekhan 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 Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Sharekhan 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 - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Nirmal Bang
Charges Sharekhan Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Sharekhan with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Nirmal Bang doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Nirmal Bang on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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 Sharekhan with Nirmal Bang
Brokerage Charges Compare Sharekhan Nirmal Bang
Plan Name Sharkehan Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.2% or 20 paisa
Equity Intraday 0.02% 0.02% or 2 paisa
Equity Futures 0.02% 0.02% or 2 paisa
Equity Options Rs 20 per lot Rs 35 Per Lot
Currency Futures 0.02% 0.02% or 2 paisa
Currency Options Rs 5 per lot Rs 20 Per Lot
Commodity Trading Rs 20 per lot 0.02% or 2 paisa
Minimum Brokerage Rs 20 NIL
Hidden Charges No 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 Sharekhan Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Sharekhan vs Nirmal Bang on Transaction Charges

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

Transaction Charges - Compare Sharekhan with Nirmal Bang
Transaction Charges Compare Sharekhan 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 sharekhan Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Sharekhan vs Nirmal Bang on Account Features

Compare Sharekhan 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 Sharekhan doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Sharekhan offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Sharekhan with Nirmal Bang
Account Features Compare Sharekhan Nirmal Bang
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. No Sharekhan 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 Yes 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 Sharekhan vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan 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 Sharekhan with Nirmal Bang
Trading Platform Compare Sharekhan Nirmal Bang
Desktop Trading Platform TradeTiger 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.sharekhan.com/ 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 Sharekhan Beyond
Mobile Trading App Demo Sharekhan Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sharekhan 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Sharekhan vs Nirmal Bang on User Rating

  Sharekhan Nirmal Bang
  184 Customer Reviews    Rate Sharekhan 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.1 4.0
Trading Platform Usability 3.9 3.0
Customer Service Ratings 3.5 3.5
Overall Ratings 3.6 3.5
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Sharekhan vs Nirmal Bang on Investment Offerings

Compare Sharekhan 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) - Sharekhan provide PMS Service where Nirmal Bang doesn't offer

Investment Offerings - Compare Sharekhan with Nirmal Bang
Investment Offerings Compare Sharekhan 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 Yes No
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Nirmal Bang on Order Types

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

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

Compare Sharekhan 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 Sharekhan with Nirmal Bang
Customer Service Compare Sharekhan Nirmal Bang
24/7 Customer Service Sharekhan vs Nirmal Bang - 24x7 customer support No No
Email Support Sharekhan vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Sharekhan vs Nirmal Bang - Onine Live Chat Yes No
Phone Support Sharekhan vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Sharekhan vs Nirmal Bang - Toll Free Number Yes No
Through Branches Sharekhan vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Sharekhan vs Nirmal Bang - Customer Care Number 1800227500 Info Not Available
Account Opening Process Sharekhan vs Nirmal Bang - Account Opening Process Offline Info Not Available
Customer Support Email Sharekhan vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Sharekhan vs Nirmal Bang - Knowledge Center/Education https://www.sharekhan.com/help/hello Info Not Available
Head Office Address Sharekhan vs Nirmal Bang - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Info Not Available
Website Sharekhan vs Nirmal Bang - Company Website https://www.sharekhan.com Info Not Available
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Tips/Research/Reports Published

Compare Sharekhan vs Nirmal Bang on Research Reports, Tips

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

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

Compare Sharekhan vs Nirmal Bang on Demat Account

Compare Sharekhan 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 Sharekhan is ₹500 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 Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 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 Sharekhan with Nirmal Bang
  Sharekhan Nirmal Bang
DP Source CDSL CDSL
DP ID Sharekhan vs Nirmal Bang - DP ID 36000 No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹360 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.03% of the transaction value (Min ₹15)
Demat ₹5 per certificate (Min 50 per request) ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹50 per certificate or ₹50 for every hundred securities 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation 0.03% (Min ₹100) 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Nirmal Bang on Special Offers and Promotion

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

Compare Sharekhan vs Nirmal Bang on Special Offers and Promotion
  Sharekhan Nirmal Bang
Pay In and Pay Out Options Sharekhan vs Nirmal Bang - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Sharekhan vs Nirmal Bang - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Sharekhan vs Nirmal Bang - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

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
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

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 Sharekhan Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-02-20T23:40:38+00:00