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Overview Overall

"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 trade and call service. Nirmal Bang is renowned for its strong customer support services."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why 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


    • 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

Needs Improvement

    • 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.
Nirmal Bang Review  
Year of Incorporation 1986
Products -
Demat Services No
Active Exchange Memberships BSE, NSE, MCX, NCDEX
Website www.nirmalbang.com
Contact Details +91-22-68207000
Total Number of Clients 127161
Total Number of Branches 2000

Nirmal Bang group of companies was founded in 1986 by three brothers named – Nirmal Bang, Dilip Bang, Kishore Bang. This financial firm is registered with all the six exchanges of India, i.e., BSE, NSE, NCDEX, MCX, NMCE, NSDL & CSDL.

They are a full-service broker and provide a variety of financial product to its customers with A+ class of customer service. They provide services of Equity & derivatives, FOREX Trading, Commodities, institutional brokering, Margin Funding, Depository services.

They deal in various comprehensive products and services to widen the choice for their customer. Though Nirmal Bang is traditional brokers, the quality of service and personal touch provided to the client are commendable. Their 360-degree presence over the offline as well online medium is worth to cherish upon and juice out the maximum result.

Apart from product availability, they are famous for providing a dedicated desk to their NRI clients and all India presence through various offices and branches. Also, they conduct the business more through offline medium instead online. However, they have revamped their website to give better user experience and web site aesthetic.

Being a Full Service Broker Nirmal Bang provides comprehensive research to its customers , The company has a dedicated team of fundamental researchers and technical analysts who provide reports on global and domestic economies, sectors and companies.

Nimal Bang, a respected name in the share broking industry works with ethos and value of honesty, integrity and confidentiality – which we think is the pillar of sustainable share broking industry.

Nirmal Bang Pvt. Ltd. is the full-service broker who provides a variety of product and service as the competitive rates, and they consider the client's satisfaction as their topmost priority. Along with many another facility, they provide Trade on-call service at free of cost along with fortnight magazine "Beyond Market." Their brokerage plans are tailor-made to suit the need of the customers and also provide margin facility through NBFC. They have high-end software which is extremely beneficial to take market-related decision. Nirmal Bang has named their software as "Falcon" which is available to the customers at the additional price.

Nirmal Bang is not a stock broker to all kind of traders and is preferred mostly to experienced traders who are less into online traders and prefers to work offline.

Nirmal Bang Affiliation Details

  1. CIN: U99999MH1997PTC110659
  2. DP ID
    • CDSL: IN - DP-CDSL-37-99
    • Research Analyst: INH0000001766
    • Portfolio Manager : INP000002981
  3. Nirmal Bang NSE Member ID:
    • Capital Market (CM) - INZ000202536
    • Future & Options (F&O) - INZ000202536
    • Currency Derivatives (CDS) – INZ000202536
  4. Nimal Bang BSE Member ID:
    • Capital Market (CM) - INZ000202536
    • Future & Options (F&O) - INZ000202536

Customers Service options offered by Nirmal Bang

Nirmal Bang offers multiple communication channels to its clients for using customer service:

  1. Phone Number
    • Customer Support : +91-22-68207000
    • Call & trade : +91-22-62739898
    • Account opening: https://www.nirmalbang.com/open-free-demat-trading-account-online
  2. Email Support :[email protected]
  3. Corporate Office :
    B-302, Marathon Innova,
    Nr. Peninsula Corporate Park
    Lower Parel (W) Mumbai-100013

Active Client Details Of Nirmal Bang

  • 1,00,000 Approx. clients.

Nirmal Bang Account Opening & AMC Charges 2020

To open an account with Nirmal Bang you have to pay account opening charges and annual maintenance charges (AMC ) as per Below table

Trading Account / Demat opening is the onetime fee that Nirmal Bang charge while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charge by Nirmal Bang to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account NIL NIL
Demat Account NIL INR200

How to open the account with Nirmal Bang?

At Upstox you can open an Equity & Derivatives Trading account, Demat account and Commodity Trading account.

  1. Visit the branch: Nirmal Bang is the traditional broker and has greatly connected and strong physical network across India. They offices in 16 states, You can simply visit any of their branches with the documents and ask their assistance to open your demat account
  2. Fill the online form:Service is available online also to open the Demat account. All you have to do is to visit their website (www.nimalbang.com ). Links to open the account is available at multiple places on the website; you can click on any of the links start the process. Once you click the link, you will be redirected to the page where you have to fill your name, email ID, Phone number and city. They ask for OTP verification also. Once all the formalities and information is submitted, their executive will call you to complete the process. In the entire process, it is always preferable to be ready with the self-attested documents to hasten the process. We will mention the documents required for opening the DEMAt account by the end of this section.
  3. Download the form and submitIf somebody is not comfortable with the online process, they should not worry about as Nirmal Bang has provided one more simple method to open the account. You have to download the PDF form, fill it and submit to the company's address by physically handing over the form the Nirmal Bang office or courier them by any of the logistics services.

The Final Thoughts about Nirmal Bang

Nirmal Bang is in the financial industry with the experience of more than three decades and is a trustworthy name to invest your money with. Their ability and featuring of providing world-class customer care service along with the building a great relationship with their clients makes them stand out of the market. Though they are traditional marketers, they understand the importance of remaining updated and walk with the trends of the market. Therefore, started with online platforms and now they have a strong presence in offline as well as online. Nimal Bang is suggested broker for the experienced traders

Nirmal Bang User Reviews

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