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Karvy vs Nirmal Bang (Compare Karvy 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 Karvy vs Nirmal Bang, Below comparison of Karvy 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 Karvy vs Nirmal Bang is given below:

Karvy Nirmal Bang
About The Brokers
Karvy :

"Karvy Online is certainly a renowned name in share brokerage Industry with over 6 lakh active customer base, powerful online trading tools, Research based investment    >>> 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 :
Karvy :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Nirmal Bang :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Karvy :
 Full Service Broker
Nirmal Bang :
 Full Service Broker
Promo/offers
Karvy :
N/A
Nirmal Bang :
N/A
Advantage
Karvy :
  •  Huge Branch & Partner network.
  •  Trading is available in both BSE and NSE.
  •  Offer Commodity Trading & Investment facility in Mutual funds & IPO.
  •  Karvy offers zero demat AMC for first year.
  •  Free research reports.
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
Karvy :
  •  Doesn't offer 3-in-1 account.
  •  High brokerage.
  •  No referral Program
  •  Lacks transparency in 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
Karvy :
  •  Wide Network with over 289 Business location & 540+ Franchise partners.
  •  Amongst top 10 stock brokers in India and top 3 depository participants.
  •  All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  •  Combined account facility that caters to all investment opportunities such as trade in Equities, Derivatives, Currency and also investing in IPOs, Mutual funds and NCDs.
  •  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

Karvy vs Nirmal Bang Account Opening & AMC Charges

Karvy Trading Account Opening Fee is ₹650 and Nirmal Bang Trading Account Opening Fee is ₹0 . Karvy Demat Account AMC is ₹420 and Nirmal Bang Demat Account AMC is ₹200 .

Karvy Nirmal Bang
Trading Account Opening Fee Trading Account Opening Fee :

₹650

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 :

₹420

Demat Account AMC :

₹200

Trading Account AMC Trading Account AMC :

₹0

Trading Account AMC :

₹0


Karvy vs Nirmal Bang Brokerage Charges

Karvy Brokerage Charges Equity Delivery is 0.1% and Equity Intraday is 0.01% and Equity Options is ₹10 per lot . Nirmal Bang Brokerage Charges Equity Delivery is 0.2% and Equity Intraday is 0.02% and Equity Options is ₹35 .

Karvy Nirmal Bang
Plan Name Plan Name :

Retail Brokerage Plan

Plan Name :

Premium Subscription Plan

Plan Name :

Basic Plan

Equity Delivery Equity Delivery :

0.1%

Equity Delivery :

0.3%

Equity Delivery :

0.2%

Equity Intraday Equity Intraday :

0.01%

Equity Intraday :

0.03%

Equity Intraday :

0.02%

Equity Future Equity Future :

0.01%

Equity Future :

0.03%

Equity Future :

0.02%

Equity Options Equity Options :

₹10 per lot

Equity Options :

₹30 per lot

Equity Options :

₹35

Currency Futures Currency Futures :

0.01%

Currency Futures :

0.03%

Currency Futures :

0.02%

Currency Options Currency Options :

₹10 per lot

Currency Options :

₹30 per lot

Currency Options :

₹20

Monthly Fee Monthly Fee :

₹100,000 per year

Monthly Fee :

Monthly Fee :

NA

Margin Trading Margin Trading :

Margin Trading :

Margin Trading : -
Commodity Futures Commodity Futures :

0.01%

Commodity Futures :

0.03%

Commodity Futures :

0.01%

Commodity Options Commodity Options :

₹10 per lot

Commodity Options :

₹30 per lot

Commodity Options : -

Karvy vs Nirmal Bang Transaction Charges (Per Crore)

Karvy Transaction Charges (Per Crore) Equity Future is ₹230 and Equity Options is ₹5500 . Nirmal Bang Transaction Charges (Per Crore) Equity Future is ₹240 and Equity Options is ₹5700 .

Karvy Nirmal Bang
Equity Delivery Equity Delivery :

₹325

Equity Delivery :

₹390

Equity Intraday Equity Intraday :

₹325

Equity Intraday :

₹390

Equity Future * Equity Future :

₹230

Equity Future :

₹240

Equity Options * Equity Options :

₹5500

Equity Options :

₹5700

Currency Futures * Currency Futures :

₹325

Currency Futures :

₹240

Currency Options Currency Options :

Currency Options :

₹5700

Commodity Commodity :

₹300

Commodity :

₹250


Karvy vs Nirmal Bang Other Charges

Karvy Minimum Brokerage is Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher and Call & Trade is . Nirmal Bang and .

Karvy Nirmal Bang
Minimum Brokerage Minimum Brokerage :

Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher

Minimum Brokerage : -
Call & Trade Call & Trade :

Call & Trade : -
Stamp Duty * Stamp Duty :

State wise

Stamp Duty :

Charges as per the state of residence

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

0.03% (₹15 minimum per transaction)

Other Miscellaneous Charges Other Miscellaneous Charges :

Other Miscellaneous Charges : -

Karvy vs Nirmal Bang Features

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

Karvy Nirmal Bang
Trading Platform Trading Platform :

OMNESYS NEST - Web, Trader, KarvyOnline mobile 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 :

0

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

No

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers :

Ask the expert, The Finapolis

Unique features & Offers : -
Referral Program Referral Program :

0

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) :

Yes

Margin Against Shares (Equity F&O) :

Yes


Karvy vs Nirmal Bang Demat Account Charges

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

Karvy Nirmal Bang
Depository Service Provider Depository Service Provider :

CDSL & NSDL

Depository Service Provider :

CDSL & NSDL

Account Opening Fee Account Opening Fee :

₹650

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 :

₹5 per certificate + ₹40 for courier charges;

For BSDA Accounts: ₹10 per certificate + ₹50 courier charges

Dematerialisation Charges :

₹40 (For every 50 certificate)

Rematerialisation Charges Rematerialisation Charges :

₹20 for every 100 securities or ₹20 per certificate whichever is higher

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) :

₹15 per transaction

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

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Pledge Creation Charges :

₹100 or 0.02% whichever is higher

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Pledge Invocation Charges :

₹100 or 0.02% whichever is higher

Failed Instruction Charges Failed Instruction Charges :

₹100 per instruction

Failed Instruction Charges :

Nil

Other Charges Other Charges :

₹100 per Demat Rejection

₹100 per Client Modification Request

₹100 per DIS Lost Request

₹100 per request for physical statements

Other Charges : -

Karvy vs Nirmal Bang Basic Details

Karvy Year of Incorporation is 1985 and Total Number of Clients is 2,60,000+ and Total Number of Branches is 575 . Nirmal Bang Year of Incorporation is 1986 and Total Number of Clients is 133453 and Total Number of Branches is 2000 .

Karvy Nirmal Bang
Year of Incorporation Year of Incorporation :

1985

Year of Incorporation :

1986

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX

Active Exchange Memberships :

BSE, NSE, MCX, NCDEX

Demat Services Demat Services :

No

Demat Services :

No

Website Website :

www.karvyonline.com

Website :

www.nirmalbang.com

Contact Details Contact Details :

18004258283

Contact Details :

+91-22-68207000

Total Number of Clients Total Number of Clients :

2,60,000+

Total Number of Clients :

133453

Total Number of Branches Total Number of Branches :

575

Total Number of Branches :

2000

Products * Products :

Institutional broking, retail broking, private wealth management, and financial product distribution

Products : -

Karvy vs Nirmal Bang Leverage

Leverage

Karvy Nirmal Bang
Equity Delivery Equity Delivery :

Upto 5x with 24% interest per year

Equity Delivery :

upto 10x

Equity Intraday Equity Intraday :

Upto 20x

Equity Intraday :

Upto 4x

Equity Futures Equity Futures :

Upto 4x

Equity Futures :

Upto 4x

Equity Options Equity Options :

Upto 4x for shorting

Equity Options :

Upto 2x for shorting

Currency Futures Currency Futures :

Nil

Currency Futures :

Upto 2x for shorting

Currency Options Currency Options :

Nil

Currency Options :

Upto 3x

Commodity Futures Commodity Futures :

Upto 4x

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) : -

Karvy vs Nirmal Bang Orders

Orders

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

Cover Orders (CO) :

No

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

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

No

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

After Market Orders (AMO) :

Yes

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

Buy Today Sell Tomorrow (BTST) :

No

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

Sell Today Buy Tomorrow (STBT) :

No

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

Good Till Cancelled (GTC) :

Yes


Karvy vs Nirmal Bang Research and Advice / Trading Tips

Research and Advice / Trading Tips

Karvy 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 :

No

ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results : -

Karvy vs Nirmal Bang Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Karvy 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.25,000 to Rs.50,000

Investment required for Franchisee / AP :

₹50,000 to ₹2,50,000


Karvy vs Nirmal Bang Product & Services

Karvy 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:

Karvy 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 :

No

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 :

Yes

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 :

Yes

Aumtomated Trading : -

Karvy vs Nirmal Bang Customer Services

Karvy 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:

Karvy Nirmal Bang
Toll Free Number * Toll Free Number :

Yes

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 : -

Karvy vs Nirmal Bang Other Investement

Karvy 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:

Karvy 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 :

Yes

Banking Services : -

Karvy vs Nirmal Bang Trading PlatForm

Karvy 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:

Karvy 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 :

No

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

No

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

No

iPhone Mobile App : -
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