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Motilal Oswal Vs Nirmal Bang - Broker Comparison

Account Opening & AMC Charges

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Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Trading Account Opening Fee ₹1000 ₹0
Brokerage Account AMC ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0
Demat Account AMC * ₹400 ₹200

Brokerage Charges

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Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Monthly Fee NA NA
Equity Delivery 0.50% 0.20%
Equity Intraday 0.05% 0.02%
Equity Future 0.05% 0.02%
Equity Options ₹75 per Lot ₹35 per lot
Currency Futures ₹20 per Lot 0.02%
Currency Options ₹20 per Lot ₹20 per lot
Commodity 0.03% 0.01%

Transaction Charges (Per Crore)

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Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Equity Delivery NSE ₹335 | BSE ₹1000 ₹390
Equity Intraday NSE ₹325 | BSE ₹200 ₹390
Equity Future * ₹200 ₹240
Equity Options * NSE ₹5110 | BSE ₹200 ₹5700
Currency Futures * ₹125 ₹240
Currency Options ₹4200 ₹5700
Commodity MCX ₹250 ₹250

Other Charges

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Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Minimum Brokerage ₹30 for Delivery and ₹15 for Intraday -
Call & Trade - -
Stamp Duty * Charges as per the state of residence Charges as per the state of residence
DP Charges (on sell side) ₹20 or 0.025% of transaction value whichever is higher 0.03% (₹15 minimum per transaction)

Features

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Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Trading Platform Orion Lite ODIN

Demat Account Charges

Find charges for the best Demat Account for small investors


Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Standard Plan Basic Plan
Depository Service Provider CDSL CDSL
Account Opening Fee

Nil

Nil

Advance Deposite

Nil

Life Time free AMC scheme

Individual Account: ₹1000 One time

Corporate Account: ₹2500 One time + ₹500 CDSL AMC (Per Year)

AMC

₹700 p.a.

Individual (Regular Demat Account): ₹200

Corporate (Regular Demat Account): ₹500 + ₹500 CDSL AMC

Life Time free AMC scheme: Nil

Dematerialisation Charges

₹50 per certificate + ₹50 per request

₹40 Per Demat Request + ₹40 for additional 50 certificates

Rematerialisation Charges

₹35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges

₹15 per certificate or 0.04% of the value of the securities requested for remat whichever is higher

Transaction Charges (Credit) - -
Transaction Charges (debit)

0.025% or ₹30

₹15 or 0.03% whichever is higher

Pledge Creation Charges

₹35 per request

₹100 or 0.02% whichever is higher

Pledge Creation Confirmation Charges

Nil

Nil

Pledge Invocation Charges

₹35 per request

₹100 or 0.02% whichever is higher

Failed Instruction Charges

Nil

Nil

Other Charges

Demat Rejection: ₹50 per request

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FAQs

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra address. Maharashtra clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.