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Groww Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where Nirmal Bang offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of Nirmal Bang ranges between .02% to .20%. Groww is a Discount Broker where Nirmal Bang is a Full Service Broker. Groww is having overall higher rating compare to Nirmal Bang. Groww is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for Nirmal Bang is 1,31,592. Groww is serving more customer compare to Nirmal Bang.

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

  Groww Compare
Groww
Nirmal Bang Compare
Nirmal Bang
Overall Rating Rated 4 stars Rated 3 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4 stars Rated 3 stars
Investments Offering Rated 4 stars Rated 3 stars
Customer Service Rated 4 stars Rated 3 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 51,65,760 1,31,592
Broker Overview Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok... Know more about Groww 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 Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Groww 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 - Groww offer Free AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with Nirmal Bang
Charges Groww Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Groww with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

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Account Opening Request
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Brokerage Charges

Compare Groww vs Nirmal Bang on Brokerage Charges

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

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 Groww with Nirmal Bang
Brokerage Charges Compare Groww Nirmal Bang
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.05% or Rs 20 whichever is lower 0.2% or 20 paisa
Equity Intraday 0.05% or Rs 20 whichever is lower 0.02% or 2 paisa
Equity Futures Flat Fee Rs 20 0.02% or 2 paisa
Equity Options Flat Fee Rs 20 Rs 35 Per Lot
Currency Futures Not Available 0.02% or 2 paisa
Currency Options Not Available Rs 20 Per Lot
Commodity Trading Not Available 0.02% or 2 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order NA
Auto Square off Charges Rs 50 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Groww vs Nirmal Bang on Transaction Charges

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

Transaction Charges - Compare Groww with Nirmal Bang
Transaction Charges Compare Groww Nirmal Bang
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 190 Per Cr
Equity Options Rs 5500 Per Cr Rs 5000 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Groww vs Nirmal Bang on Account Features

Compare Groww 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 Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Groww with Nirmal Bang
Account Features Compare Groww Nirmal Bang
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Groww vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww 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 Groww with Nirmal Bang
Trading Platform Compare Groww Nirmal Bang
Desktop Trading Platform ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Yes Beyond
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Yes Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Yes 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 Groww Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Groww vs Nirmal Bang on User Rating

  Groww Nirmal Bang
  6 Customer Reviews    Rate Groww 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 4.3 3.5
Trading Brokerage Rating 4.0 4.0
Trading Platform Usability 4.3 3.0
Customer Service Ratings 3.5 3.5
Overall Ratings Rated 4.5 stars Rated 3.5 stars
Broker Rating Groww is Rated 4.5 / 5 based on 6 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Groww vs Nirmal Bang on Investment Offerings

Compare Groww 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 - Nirmal Bang offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Groww with Nirmal Bang
Investment Offerings Compare Groww Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Groww vs Nirmal Bang on Order Types

Order Type - Compare Groww 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) - Both broker don't have Cover Orders (CO).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) - Both broker don't have Bracket Orders (BO).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)- Nirmal Bang offers After market orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with Nirmal Bang
Order Type Compare Groww Nirmal Bang
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Groww vs Nirmal Bang on Customer Service

Compare Groww 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 Groww with Nirmal Bang
Customer Service Compare Groww Nirmal Bang
24/7 Customer Service Groww vs Nirmal Bang - 24x7 customer support No No
Email Support Groww vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Groww vs Nirmal Bang - Onine Live Chat Yes No
Phone Support Groww vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Groww vs Nirmal Bang - Toll Free Number No No
Through Branches Groww vs Nirmal Bang - Through Branches No Yes
Customer Care Number Groww vs Nirmal Bang - Customer Care Number 9108800604 Info Not Available
Account Opening Process Groww vs Nirmal Bang - Account Opening Process Online Info Not Available
Customer Support Email Groww vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Groww vs Nirmal Bang - Knowledge Center/Education https://groww.in/academy Info Not Available
Head Office Address Groww vs Nirmal Bang - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Info Not Available
Website Groww vs Nirmal Bang - Company Website https://groww.in/ Info Not Available
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Tips/Research/Reports Published

Compare Groww vs Nirmal Bang on Research Reports, Tips

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

Research Reports - Compare Groww with Nirmal Bang
  Groww Nirmal Bang
Research Mutual Funds Groww vs Nirmal Bang - Research Mutual Funds No Yes
Research Equity Reports Groww vs Nirmal Bang - Research Equity Reports No Yes
Research ETF Groww vs Nirmal Bang - Research ETF No Yes
Daily Market Report Groww vs Nirmal Bang - Daily Market Report No Yes
Free Tips Groww vs Nirmal Bang - Free Tips No Yes
Quarterly Result Analysis Groww vs Nirmal Bang - Quarterly Results No Yes
News Alerts Groww vs Nirmal Bang - No Yes
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Demat Account

Compare Groww vs Nirmal Bang on Demat Account

Compare Groww 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 Groww is Zero.

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 Groww is ₹8 + ₹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 Groww with Nirmal Bang
  Groww Nirmal Bang
DP Source CDSL CDSL
DP ID Groww vs Nirmal Bang - DP ID No No
Demat Account Annual Maintenance Charges(AMC) Zero ₹360 pa
Advance Deposit Nil NIL
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges 0.03% of the transaction value (Min ₹15)
Demat ₹150 per certificate + courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹150 per certificate + courier charges 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Groww vs Nirmal Bang on Special Offers and Promotion

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

Compare Groww vs Nirmal Bang on Special Offers and Promotion
  Groww Nirmal Bang
Pay In and Pay Out Options Groww vs Nirmal Bang - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Groww vs Nirmal Bang - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Groww vs Nirmal Bang - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

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

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

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
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Last Updated on 2022-06-17T09:13:17+00:00