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Kotak Securities Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Kotak Securities ranges between Rs. 20 per order while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Kotak Securities is having overall higher rating compare to Nirmal Bang. Kotak Securities is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Kotak Securities is 10,56,932 where number of active customer for Nirmal Bang is 1,31,592. Kotak Securities is serving more customer compare to Nirmal Bang.

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

  Kotak Securities Compare
Kotak Securities
Nirmal Bang Compare
Nirmal Bang
Overall Rating Rated 4 stars Rated 3 stars
Brokerage Charges Rated 3 stars Rated 3 stars
Trading Platform Rated 4 stars Rated 3 stars
Investments Offering Rated 4.5 stars Rated 3 stars
Customer Service Rated 3.5 stars Rated 3 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 10,56,932 1,31,592
Broker Overview Kotak Securities is India’s leading full-service stockbroker with over 12 Lakh active clients. Trinity 3-in-1 account offering, Rs. 20 flat brokerages, free intraday trading, advanced-technology trading software & tools, and the best resear... Know more about Kotak Securities 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 Kotak Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare Kotak Securities vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Kotak Securities 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 - Kotak Securities charges Rs 600 PA AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with Nirmal Bang
Charges Kotak Securities Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Kotak Securities provide Multiple Plans where Nirmal Bang doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Kotak Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Nirmal Bang on Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at a 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

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 Kotak Securities with Nirmal Bang
Brokerage Charges Compare Kotak Securities Nirmal Bang
Plan Name Kotak Securities Trade Free Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.25% or Rs 20 whichever is higher 0.2% or 20 paisa
Equity Intraday Free 0.02% or 2 paisa
Equity Futures Delivery: Rs. 20 per order| Intraday: Free 0.02% or 2 paisa
Equity Options Delivery: Rs. 20 per order| Intraday: Free Rs 35 Per Lot
Currency Futures Delivery: Rs. 20 per order| Intraday: Free 0.02% or 2 paisa
Currency Options Delivery: Rs. 20 per order| Intraday: Free Rs 20 Per Lot
Commodity Trading Delivery: Rs. 20 per order| Intraday: Free 0.02% or 2 paisa
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding 12.49% interest PA Info Not Available
Call & Trade Charges 20 calls free and after that Rs 20 per call NA
Auto Square off Charges 20 calls free and after that Rs 20 per call NA
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Kotak Securities vs Nirmal Bang on Transaction Charges

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

Transaction Charges - Compare Kotak Securities with Nirmal Bang
Transaction Charges Compare Kotak Securities 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 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 110 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Kotak Securities vs Nirmal Bang on Account Features

Compare Kotak Securities with Nirmal Bang on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 account where Nirmal Bang offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nirmal Bang offers Algo Trading where Kotak Securities doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Kotak Securities offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Kotak Securities with Nirmal Bang
Account Features Compare Kotak Securities Nirmal Bang
3 in 1 Account Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Kotak Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features Trading software terminal: Keat Pro X NIL
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Trading Platform

Compare Kotak Securities vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities 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 Kotak Securities with Nirmal Bang
Trading Platform Compare Kotak Securities Nirmal Bang
Desktop Trading Platform KEAT Pro X ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Stock Trader Beyond
Mobile Trading App Demo Kotak Stock Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Kotak Stock Trader Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Kotak Stock Trader Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Kotak Securities vs Nirmal Bang on User Rating

  Kotak Securities Nirmal Bang
  81 Customer Reviews    Rate Kotak Securities 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.6 3.5
Trading Brokerage Rating 2.7 4.0
Trading Platform Usability 3.2 3.0
Customer Service Ratings 3.1 3.5
Overall Ratings Rated 2.8 stars Rated 3.5 stars
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 81 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Kotak Securities vs Nirmal Bang on Investment Offerings

Compare Kotak Securities 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 - Both broker offers trading options in Commodity (MCX). 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 Kotak Securities with Nirmal Bang
Investment Offerings Compare Kotak Securities Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Kotak Securities vs Nirmal Bang on Order Types

Order Type - Compare Kotak Securities 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) - Kotak Securities provide Cover Orders (CO) where Nirmal Bang doesn't offer.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) - Kotak Securities provide Bracket Orders (BO) where Nirmal Bang doesn't offer.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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Kotak Securities offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

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

Compare Kotak Securities vs Nirmal Bang on Customer Service

Compare Kotak Securities 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 Kotak Securities with Nirmal Bang
Customer Service Compare Kotak Securities Nirmal Bang
24/7 Customer Service Kotak Securities vs Nirmal Bang - 24x7 customer support No No
Email Support Kotak Securities vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Nirmal Bang - Onine Live Chat Yes No
Phone Support Kotak Securities vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Nirmal Bang - Toll Free Number Yes No
Through Branches Kotak Securities vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Kotak Securities vs Nirmal Bang - Customer Care Number 1800 209 9191 Info Not Available
Account Opening Process Kotak Securities vs Nirmal Bang - Account Opening Process Offline Info Not Available
Customer Support Email Kotak Securities vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Kotak Securities vs Nirmal Bang - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank Info Not Available
Head Office Address Kotak Securities vs Nirmal Bang - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Info Not Available
Website Kotak Securities vs Nirmal Bang - Company Website https://www.kotaksecurities.com Info Not Available
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Tips/Research/Reports Published

Compare Kotak Securities vs Nirmal Bang on Research Reports, Tips

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

Research Reports - Compare Kotak Securities with Nirmal Bang
  Kotak Securities Nirmal Bang
Research Mutual Funds Kotak Securities vs Nirmal Bang - Research Mutual Funds Yes Yes
Research Equity Reports Kotak Securities vs Nirmal Bang - Research Equity Reports Yes Yes
Research ETF Kotak Securities vs Nirmal Bang - Research ETF Yes Yes
Daily Market Report Kotak Securities vs Nirmal Bang - Daily Market Report Yes Yes
Free Tips Kotak Securities vs Nirmal Bang - Free Tips Yes Yes
Quarterly Result Analysis Kotak Securities vs Nirmal Bang - Quarterly Results Yes Yes
News Alerts Kotak Securities vs Nirmal Bang - Yes Yes
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Demat Account

Compare Kotak Securities vs Nirmal Bang on Demat Account

Compare Kotak Securities 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 Kotak Securities is ₹780 pa.

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 Kotak Securities is 0.04% (Min ₹27) + 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 Kotak Securities with Nirmal Bang
  Kotak Securities Nirmal Bang
DP Source CDSL CDSL
DP ID Kotak Securities vs Nirmal Bang - DP ID 49200 No
Demat Account Annual Maintenance Charges(AMC) ₹780 pa ₹360 pa
Advance Deposit NA NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges 0.03% of the transaction value (Min ₹15)
Demat ₹3 per certificate + ₹50 courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹10 for every hundred securities (Min ₹15) 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Nirmal Bang on Special Offers and Promotion

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

Compare Kotak Securities vs Nirmal Bang on Special Offers and Promotion
  Kotak Securities Nirmal Bang
Pay In and Pay Out Options Kotak Securities vs Nirmal Bang - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time Kotak Securities vs Nirmal Bang - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Info Not Available
Bank Supported and Charges Kotak Securities vs Nirmal Bang - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Info Not Available
Bank Detail Direct from your Kotak Mahindra bank account. Info Not Available
Likes
  • Trinity 3-in-1 account opening facility.
  • Trade Free Plan charges Rs. 20 flat brokerages on F&O, commodity, and currency trading.
  • 0 brokerage on all trades for customers below 30 years age.
  • Free intraday trading with Trade Free Plan.
  • User-friendly mobile app and next-gen trading terminals (TradeSmart, KeatProX, and Nest).
  • Free access to Kotak Trade API to develop your own trading terminal.
  • Bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Cancelled (GTC) order.
  • Apply for IPOs, ETFs, and insurance.
  • Zero brokerage investment in mutual funds.
  • NRI trading facility is available.
  • Access to fundamental and technical calls and research reports.
  • Buy Now Sell Tomorrow (BNST) order feature.
  • Kotak University, a stock market, options trading, and mutual funds learning platform.
  • Margin trading facility.
  • Dealer-assisted trading.

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
  • Its dedicated dealer-assisted plan charges a very high brokerage fee.
  • Account opening is not free (Rs. 499) in dealer-assisted plan.
  • Dealer-assisted plan charges a minimum brokerage fee of 21 per order subject to maximum 2.5% brokerage.
  • Kotak Zero brokerage plan is only for people below 30 years and valid only for 2 years.
  • High Demat AMC charges of Rs. 600 per year, Rs. 50 is charged monthly.

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
Enquiry Open Kotak Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-01-12T21:46:37+00:00