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Nirmal Bang Trading and Demat Charges
Nirmal Bang Depository Service Charges
Are you looking for the complete Nirmal Bang charges in 2024? Nirmal Bang is a prominent brokerage firm in India that provides a range of financial services to investors and traders, including trading and demat account services. Get an idea about the various Nirmal Bang charges and whether or not there is a customer-friendly fee structure for the benefit of investors. (Read the complete Article)
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Nirmal Bang Trading and Demat Charges
Know about the specific charges associated with Nirmal Bang trading and demat accounts.
Nirmal Bang Account Opening Charges (One Time):
There are no Nirmal Bang charges for opening a trading account. Investors can start their trading journey with Nirmal Bang without having to pay any initial account opening fees.
Nirmal Bang Annual Maintenance Charges (AMC)
Nirmal Bang levy Rs 200+GST as annual maintenance charges (AMC) for its trading accounts for individual customers. This fee is applicable on a yearly basis and covers the expenses associated with maintaining and servicing the demat account. The AMC ensures that the demat account remains active and functional for seamless trading and investment activities.
This AMC Charge is on lower side if we compare with other discount brokers as other broker generally charges between Rs. 300-1000 + GST per year.
While the AMC charge is Rs. 500 +GST for Corporate Accounts. Please note that CDSL AMC is Also Applicable to Corporate Accounts which is equal to nirmal bang amc i.e. Rs. 500+GST per year.
Check out Zerodha Charges – Account Opening Charges, Account Maintenance Charges etc.
Nirmal Bang Brokerage Charges
As with any brokerage, Nirmal Bang charges certain fees and commissions for its services. Here is an overview of Nirmal Bang’s brokerage charges across different segments:
Brokerage charges
Brokerage charges are charged segment wise i.e. charges are different for delivery, intraday, futures and options. Please pay attention to the next few lines because these are the real brokerage charges which goes into the pocket of nirmal bang from your pocket.
Please note that charges explained here are Nirmal Bang Basic Plan Charges. There may be any other brokerage plan also which I could not find on their official website. so before opening demat account, if you wish, you must consult with their customer support team and ask them about the latest low brokerage plan. For that I am providing you the link of nirmal bang website contact us page. you can get their contact details here.
EQUITY Delivery
Nirmal bang brokerage charges in equity delivery segment are on percentage basis which is exactly 0.2% of the transaction amount and there is no upper cap mentioned on this charge. which means higher the amount of transaction, higher will be the brokerage charge.
EQUITY Intraday
This charges is levied when you buy and sell the stock same day. This charge is 0.02% of transaction amount and it will also keep increasing as the transaction amount increases i.e. no upper cap like other stock brokers.
EQUITY Futures
This charge is equal to equity intraday charge i.e. 0.02% of transaction amount.
EQUITY Options
Flat charge of Rs. 35. Honestly speaking I could not find that this charge is applicable on per lot basis or per order basis. so you have to consult with their team by clicking here. The Problem is that they have not mentioned Brokerage charges on their official website which seems very Intransparent.
Currency Futures
0.02% of transaction amount
Currency Options
Flat Rs. 20
Commodity Futures
0.01% of transaction amount
Commodity Options
data not available
please not that all the above data is taken from chittorgarh website, because the brokerage charges data is not available on Nirmal Bang Official Website.
Regulatory Charges
EQUITY Delivery
- STT (Securities Transaction Tax): 0.01% on both the buy and sell sides.
- Transaction Charges: 0.0039%.
- Goods and Services Tax (GST): 18% on brokerage and transaction charges.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
EQUITY Intraday
- STT: 0.025% on the sell side.
- Transaction Charges: 0.0039%.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
EQUITY Futures
- STT: 0.01% on the sell side.
- Transaction Charges: 0.0024%.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
EQUITY Options
- STT: 0.017% on the sell side (on Premium).
- Transaction Charges: 0.057% on premium.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
Currency Futures
- No STT charges.
- Transaction Charges: 0.0024%.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
Currency Options
- No STT charges.
- Transaction Charges: 0.057% on premium.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty: 0.01% subject to a maximum of Rs 50, which may vary by state.
Commodity Futures
- CTT (Commodity Transaction Tax): 0.01% only on the sell side.
- Transaction Charges: 0.0025%.
- GST: 18% on Nirmal Bang charges for brokerage and transaction.
- SEBI Charges: 0.0001% (Rs 10/Cr).
- Stamp Duty (Maharashtra): 0.01% subject to a maximum of Rs 50, which may vary by state.
It is important to note that these charges are not levied by Nirmal Bang, because these charges belong to various regulatory platforms like Exchange, SEBI, CDSL, State Govt etc. So these charges can not be altered by broker.
Check out our article on Upstox Review 2023 – Charges, Trading Charges, Annual Maintenance Charges, Trading Platform, Open Account, Account Types and More.
Account Closure Charges
Similar to the account opening process, Nirmal Bang does not impose any charges for closing a depository account. This provides clients with the flexibility to manage their accounts as per their requirements.
Dematerialization Charges
If a client wishes to convert physical share certificates into electronic format, Nirmal Bang charges Rs 40 for every 50 certificates. This fee is levied to cover the expenses incurred in the dematerialization process.
Rematerialization Charges
In case a client wants to convert electronic securities into physical share certificates, Nirmal Bang charges Rs 15 per certificate or 0.04% of the value of securities, whichever is higher. This fee accounts for the expenses involved in the rematerialization process.
Pledge Creation
When a client creates a pledge on their demat account, Nirmal Bang charges Rs 100 or 0.02% of the value of securities, whichever is higher. This fee covers the administrative costs associated with creating the pledge.
Pledge Closure
For closing a pledge on the demat account, Nirmal Bang charges Rs 100 or 0.02% of the value of securities, whichever is higher. This fee covers the administrative expenses incurred during the pledge closure process.
Pledge Invocation
When a pledge is invoked, Nirmal Bang charges Rs 100 or 0.02% of the value of securities, whichever is higher. This fee covers the administrative costs related to the pledge invocation process.
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Conclusion
please note that mostly all the above charges are charged on “whichever is higher” basis, whereas the other discount brokers like Angelone, Zerodha and Upstox brokerage charges are always levied on the basis of “whichever is lower” principle.
Apart From this they are charging brokerage in equity delivery, equity intraday and futures of all asset classes with no upper cap. which will become very costly for higher amount of transactions. generally Equity delivery is offered Free , which is not the case here.
This clearly indicates that nirmal bang is charging higher brokerage as compared to other discount brokers. I would recommend you to open demat account in Upstox for best Trading experience.
you can read this article to compare zerodha , angelone and upstox.