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IIFL vs Nirmal Bang (Compare IIFL vs Nirmal Bang)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between IIFL vs Nirmal Bang, Below comparison of IIFL vs Nirmal Bang highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of IIFL vs Nirmal Bang is given below:

IIFL Nirmal Bang
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Nirmal Bang :

"Nirmal Bang is the full-service broker and provides their service not only in India but also over the world. They are among the few stockbrokers who provide free trad   >>> more

Find More Information about the Broker :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Nirmal Bang :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
Nirmal Bang :
 Full Service Broker
Promo/offers
IIFL :
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
Nirmal Bang :
N/A
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Nirmal Bang :
  • Free call and trade service available
  • Great customer support and excel in maintaining a relationship with their client
  • Willingness to upgrade themselves as per the market requirements
  • Pan India presence along with NRI services
  • Versatile products and services available to expand your portfolio
  • Offer margin exposure facility
Disadvantage
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Nirmal Bang :
  • Traditional brokers
  • Charts and other technical analysis is not available at the free of cost
  • Do not provide 3-in-1 account service
  • Minimum Brokerage.
Why This
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
Nirmal Bang :
  • Fee call and trade service is available with the Nirmal Bang
  • Excellent customer relationship service with the tag line "a relationship beyond broking.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Update you with market movement and information through an online medium as well as with the monthly magazine " Beyond Market."
  • Provide NRI service
  • Offer access to researching trading software

IIFL vs Nirmal Bang Account Opening & AMC Charges

IIFL Trading Account Opening Fee is ₹250+GST and Nirmal Bang Trading Account Opening Fee is ₹0 . IIFL Demat Account AMC is ₹0 (for the 1st Year) and after ₹400 per year and Nirmal Bang Demat Account AMC is ₹200 .

IIFL Nirmal Bang
Trading Account Opening Fee Trading Account Opening Fee :

₹250+GST

Trading Account Opening Fee :

₹0

Demat Account Opening Fee Demat Account Opening Fee :

₹0

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

₹0 (for the 1st Year) and after ₹400 per year

Demat Account AMC :

₹200

Trading Account AMC Trading Account AMC :

₹0

Trading Account AMC :

₹0


IIFL vs Nirmal Bang Brokerage Charges

IIFL Brokerage Charges Equity Delivery is ₹ 0 and Equity Intraday is ₹ 20 or 0.05% whichever is lower and Equity Options is ₹ 20 . Nirmal Bang Brokerage Charges Equity Delivery is 0.2% and Equity Intraday is 0.02% and Equity Options is ₹35 .

IIFL Nirmal Bang
Plan Name Plan Name :

Standard Plan

Plan Name :

Basic Plan

Equity Delivery Equity Delivery :

₹ 0

Equity Delivery :

0.2%

Equity Intraday Equity Intraday :

₹ 20 or 0.05% whichever is lower

Equity Intraday :

0.02%

Equity Future Equity Future :

₹ 20 or 0.05% whichever is lower

Equity Future :

0.02%

Equity Options Equity Options :

₹ 20

Equity Options :

₹35

Currency Futures Currency Futures :

₹ 20 or 0.05% whichever is lower

Currency Futures :

0.02%

Currency Options Currency Options :

₹ 20

Currency Options :

₹20

Monthly Fee Monthly Fee :

₹0

Monthly Fee :

NA

Margin Trading Margin Trading :

Yes

Margin Trading : -
Commodity Futures Commodity Futures :

₹ 20 or 0.05% whichever is lower

Commodity Futures :

0.01%

Commodity Options Commodity Options :

₹ 20

Commodity Options : -

IIFL vs Nirmal Bang Transaction Charges (Per Crore)

IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium . Nirmal Bang Transaction Charges (Per Crore) Equity Future is ₹240 and Equity Options is ₹5700 .

IIFL Nirmal Bang
Equity Delivery Equity Delivery :

0.00325%

Equity Delivery :

₹390

Equity Intraday Equity Intraday :

0.00325%

Equity Intraday :

₹390

Equity Future * Equity Future :

0.0021%

Equity Future :

₹240

Equity Options * Equity Options :

0.051% on premium

Equity Options :

₹5700

Currency Futures * Currency Futures :

0.0021%

Currency Futures :

₹240

Currency Options Currency Options :

0.051% on premium

Currency Options :

₹5700

Commodity Commodity :

0.0028%

Commodity :

₹250


IIFL vs Nirmal Bang Other Charges

IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call . Nirmal Bang and .

IIFL Nirmal Bang
Minimum Brokerage Minimum Brokerage :

₹0.05 per share (₹25 Min)

Minimum Brokerage : -
Call & Trade Call & Trade :

₹50 per call

Call & Trade : -
Stamp Duty * Stamp Duty :

Charges as per the state of residence

Stamp Duty :

Charges as per the state of residence

DP Charges (on sell side) DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

DP Charges (on sell side) :

0.03% (₹15 minimum per transaction)

Other Miscellaneous Charges Other Miscellaneous Charges :

Advisory SMS - ₹50 per month

Other Miscellaneous Charges : -

IIFL vs Nirmal Bang Features

IIFL and Nirmal Bang both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

IIFL Nirmal Bang
Trading Platform Trading Platform :

Trader terminal and IIFL Markets App

Trading Platform :

ODIN Trading Terminal, Net Net Web, Beyond Mobile App

Placing orders through charts Placing orders through charts :

No

Placing orders through charts : -
Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers :

Market mantra, IIFL calls, Loyalty points

Unique features & Offers : -
Referral Program Referral Program : - Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes


IIFL vs Nirmal Bang Demat Account Charges

A comparative table of various demat account charges between IIFL and Nirmal Bang is below:

IIFL Nirmal Bang
Depository Service Provider Depository Service Provider :

CDSL and NSDL

Depository Service Provider :

CDSL & NSDL

Account Opening Fee Account Opening Fee :

₹750

Account Opening Fee :

₹0

Advance Deposit Advance Deposit :

Nil

Advance Deposit :

Life Time free AMC scheme

Individual Account: ₹1000 One time

Corporate Account: ₹2500 One time + ₹500 CDSL AMC (Per Year)

AMC AMC :

₹0

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹15 per certificate + ₹40 as postal charges

Dematerialisation Charges :

₹40 (For every 50 certificate)

Rematerialisation Charges Rematerialisation Charges :

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

Rematerialisation Charges :

₹15 per certificate or 0.04% of the value of the securities requested for remat whichever is higher

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

0.05% (Min ₹15 and max ₹100)

Transaction Charges (debit) : -
Pledge Creation Charges Pledge Creation Charges :

₹50

Pledge Creation Charges :

₹100 or 0.02% whichever is higher

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Nil

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

Nil

Pledge Invocation Charges :

₹100 or 0.02% whichever is higher

Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges :

Nil

Other Charges Other Charges :

Nil

Other Charges : -

IIFL vs Nirmal Bang Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 889367 and Total Number of Branches is 900 . Nirmal Bang Year of Incorporation is 1986 and Total Number of Clients is 133453 and Total Number of Branches is 2000 .

IIFL Nirmal Bang
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

1986

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

BSE, NSE, MCX, NCDEX

Demat Services Demat Services :

Yes

Demat Services :

No

Website Website :

https://www.indiainfoline.com

Website :

www.nirmalbang.com

Contact Details Contact Details :

022-400710000

Contact Details :

+91-22-68207000

Total Number of Clients Total Number of Clients :

889367

Total Number of Clients :

133453

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

2000

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products : -

IIFL vs Nirmal Bang Leverage

Leverage

IIFL Nirmal Bang
Equity Delivery Equity Delivery :

Upto 3x (18% Annual Interest)

Equity Delivery :

upto 10x

Equity Intraday Equity Intraday :

Upto 20x

Equity Intraday :

Upto 4x

Equity Futures Equity Futures :

Upto 3x

Equity Futures :

Upto 4x

Equity Options Equity Options :

3x for shorting

Equity Options :

Upto 2x for shorting

Currency Futures Currency Futures :

Upto 2x

Currency Futures :

Upto 2x for shorting

Currency Options Currency Options :

2x for shorting

Currency Options :

Upto 3x

Commodity Futures Commodity Futures :

Upto 3x

Commodity Futures :

Upto 3x

Commodity Options Commodity Options : - Commodity Options : -
F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) : - F&O (Eq, Curr, Comm) : -

IIFL vs Nirmal Bang Orders

Orders

IIFL Nirmal Bang
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

No

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

No

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

No

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

No

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes


IIFL vs Nirmal Bang Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL Nirmal Bang
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile : -
Comparison * Comparison :

Yes

Comparison : -
Free Tips * Free Tips :

Yes

Free Tips : -
Daily Market report * Daily Market report :

Yes

Daily Market report : -
ETF research * ETF research :

Yes

ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results : -

IIFL vs Nirmal Bang Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL Nirmal Bang
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

₹50,000 to ₹2,50,000


IIFL vs Nirmal Bang Product & Services

IIFL and Nirmal Bang both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Nirmal Bang
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade :

Yes

Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges : -
Limit Order * Limit Order :

Yes

Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

Yes

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan : -
IPO Investment * IPO Investment :

Yes

IPO Investment : -
Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator : -
Margin Calculator * Margin Calculator :

No

Margin Calculator : -
Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading : -
Market Trading * Market Trading :

Yes

Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading : -

IIFL vs Nirmal Bang Customer Services

IIFL and Nirmal Bang both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

IIFL Nirmal Bang
Toll Free Number * Toll Free Number :

No

Toll Free Number : -
Live Chat Facility * Live Chat Facility :

No

Live Chat Facility : -
Email Facility * Email Facility :

Yes

Email Facility : -
Branch Offices * Branch Offices :

Yes

Branch Offices : -
Customer Care * Customer Care :

Yes

Customer Care : -
Community Service * Community Service :

Yes

Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support : -

IIFL vs Nirmal Bang Other Investement

IIFL and Nirmal Bang both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

IIFL Nirmal Bang
Commodity Trading * Commodity Trading :

Yes

Commodity Trading : -
Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds :

Yes

Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services :

Yes

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

IIFL vs Nirmal Bang Trading PlatForm

IIFL and Nirmal Bang both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Nirmal Bang
Web Platform * Web Platform :

Yes

Web Platform : -
Android Mobile App * Android Mobile App :

Yes

Android Mobile App : -
Desktop Windows * Desktop Windows :

Yes

Desktop Windows : -
Desktop Mac * Desktop Mac :

No

Desktop Mac : -
I-Pad App * I-Pad App :

Yes

I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App : -
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