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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
Trading 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

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 - -
DP Charges (on sell side) ₹20 or 0.025% of transaction value whichever is higher 0.03% (₹15 minimum per transaction)
Other Miscellaneous Charges - -

Demat Account Charges

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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

 -

Features

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

ProStocks Vs

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

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.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

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

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES