Nirmal Bang vs Geojit – Compare Charges, Trading Features, Offers & more

Find a Comparison of Nirmal Bang vs Geojit here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Nirmal Bang and Geojit.

Background

Year of Incorporation 1996 1996
Website https://www.nirmalbang.com/ https://www.geojit.com/
Phone 022-3826 8600 1800-425-5501
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX
Demat (NSDL/CDSL) NSDL NSDL & CDSL
Brokerage

Equity 0.02% for Intraday, 0.2% for Delivery 0.03% Intraday & 0.30% Delivery
Equity Futures 0.02% of Turnover 0.01% of Turnover
Equity Options Rs 35/lot Rs 50 per lot
Currency Futures 0.02% of Turnover 0.03% of Turnover
Currency Options Rs 20/lot Rs 50 per lot
Commodity 0.01% of Turnover Not Available
Account Opening Costs

Trading only NA Free
Trading & Demat NIL Free
Commodity NIL Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0039% of Turnover 0.00325% of Turnover
Futures 0.0024% of Turnover 0.0021% of Turnover
Options 0.057% of Premium Turnover 0.055% of Turnover
Commodities 0.0025% of Turnover Not Available
AMC charge Rs 250/month Rs 400 per year
DP Transaction Charge 0.03% with Rs 25 minimum per debit instruction Rs 15 per debit transaction or 0.02% whichever is higher
Offline order placing Charge NIL 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 Days on ODIN 20 Days
End of Day 5 Years on ODIN 5 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10 times for Intraday, upto 4 times for Delivery @interest Upto 5x on Intraday and Upto 1x on Delivery
Equity Futures Upto 4 times Intraday Upto 1x for Intraday
Equity Options Buying no Leverage, Shorting upto 2 times for Intraday Upto 2x for Intraday
Currency Futures Upto 3 times Intraday Upto 1x for Intraday
Currency Options Buying no Leverage, Shorting upto 2 times for Intraday Upto 2x for Intraday
Commodity Upto 3times Intraday Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 7.4 Crores Rs 47.7 Crores
Profit after Tax FY12/13 Rs 12.4 Crores Rs 49.4 Crores
Profit after Tax FY13/14 Rs 4.2 Crores Rs 75.8 Crores
Profit after Tax FY 14/15 Rs 2.37 Crores Rs 88.00 Crores
Profit after Tax FY 15/16 Rs 4.99 Crores Rs 107.71 Crores
Profit after Tax FY 16/17 Rs 5.73 Crores Rs 137.49 Crores
Profit after Tax FY 17/18 Rs 6.00 Crores Rs 108.82 Crores
Profit after Tax FY 18/19 Rs 7.69 Crores Rs 93.60 Crores
Profit after Tax FY 19/20 Rs 7.70 Crores Rs 139.00 Crores
Profit after Tax FY 20/21 Rs 9.18 Crores Rs 128.86 Crores
Profit after Tax FY 21/22 Rs 10.87 Crores Rs 137.74 Crores
Profit after Tax FY 22/23 Rs 10.53 Crores Rs 160.05 Crores
Debt FY11/12 Rs 26.11 Crores Rs 27.58 Crores
Debt FY12/13 Rs 24.88 Crores Rs 37.03 Crores
Debt FY13/14 Rs 29.63 Crores Rs 29.78 Crores
Debt FY14/15 Rs 28.17 Crores Rs 33.25 Crores
Debt FY15/16 Rs 23.31 Crores Rs 31.87 Crores
Debt FY16/17 Rs 23.31 Crores Rs 33.85 Crores
Debt FY17/18 Rs 24.77 Crores Rs 40.37 Crores
Debt FY18/19 Rs 31.61 Crores Rs 37.81 Crores
Debt FY19/20 Rs 31.61 Crores Rs 40.51 Crores
Debt FY20/21 Rs 32.85 Crores Rs 39.63 Crores
Debt FY21/22 Rs 35.53 Crores Rs 45.75 Crores
Debt FY22/23 Rs 35.53 Crores Rs 41.96 Crores
Profit to Equity(%) FY11/12 8.54 31.3
Profit to Equity(%) FY12/13 7.63 11.9
Profit to Equity(%) FY13/14 11.44 18.2
Profit to Equity(%) FY14/15 11.54 24.43
Profit to Equity(%) FY15/16 11.15 35.17
Profit to Equity(%) FY16/17 10.77 37.26
Profit to Equity(%) FY17/18 13.53 40.67
Profit to Equity(%) FY18/19 13.53 34.85
Profit to Equity(%) FY19/20 14.08 30.01
Profit to Equity(%) FY20/21 16.72 34.15
Profit to Equity(%) FY21/22 19.10 39.42
Profit to Equity(%) FY22/23 19.10 30.34
Balance Sheet Size FY11/12 Rs 86.6 Crores Rs 614 Crores
Balance Sheet Size FY12/13 Rs 93.5 Crores Rs 610 Crores
Balance Sheet Size FY13/14 Rs 85.8 Crores Rs 644 Crores
Balance Sheet Size FY14/15 Rs 67.96 Crores Rs 686.71 Crores
Balance Sheet Size FY15/16 Rs 67.99 Crores Rs 673.67 Crores
Balance Sheet Size FY16/17 Rs 57.95 Crores Rs 960.37 Crores
Balance Sheet Size FY17/18 Rs 70.74 Crores Rs 900.92 Crores
Balance Sheet Size FY18/19 Rs 74.82 Crores Rs 919.72 Crores
Balance Sheet Size FY19/20 Rs 72.42 Crores Rs 1013.81 Crores
Balance Sheet Size FY20/21 Rs 91.92 Crores Rs 1050.98 Crores
Balance Sheet Size FY21/22 Rs 91.92 Crores Rs 944.55 Crores
Balance Sheet Size FY22/23 Rs 92.02 Crores Rs 921.74 Crores

Comparison Link:

Compare Nirmal Bang Compare Geojit
Nirmal Bang Vs Punch Trade Geojit Vs Punch Trade
Nirmal Bang Vs BlinkX Geojit Vs BlinkX
Nirmal Bang Vs Lemonn Geojit Vs Lemonn
Nirmal Bang Vs Mandot Securities Geojit Vs Mandot Securities
Nirmal Bang Vs HDFC Sky Geojit Vs HDFC Sky
Nirmal Bang Vs Dhan Geojit Vs Dhan
Nirmal Bang Vs Goodwill Wealth Geojit Vs Goodwill Wealth
Nirmal Bang Vs Shoonya by Finvasia Geojit Vs Shoonya by Finvasia
Nirmal Bang Vs NJ Wealth Geojit Vs NJ Wealth
Nirmal Bang Vs Paytm Money Geojit Vs Paytm Money
Nirmal Bang Vs Globe Capital Geojit Vs Globe Capital
Nirmal Bang Vs Finvasia Geojit Vs Finvasia
Nirmal Bang Vs Cholamandalam Securities Geojit Vs Cholamandalam Securities
Nirmal Bang Vs Canara Bank Geojit Vs Canara Bank
Nirmal Bang Vs Axis Direct Geojit Vs Axis Direct
Nirmal Bang Vs Alice Blue Geojit Vs Alice Blue
Nirmal Bang Vs 5Paisa Geojit Vs 5Paisa
Nirmal Bang Vs M.stock Geojit Vs M.stock
Nirmal Bang Vs WisdomCapital Geojit Vs WisdomCapital
Nirmal Bang Vs Way2wealth Geojit Vs Way2wealth
Nirmal Bang Vs Ventura Securities Geojit Vs Ventura Securities
Nirmal Bang Vs Navia Markets Ltd Geojit Vs Navia Markets Ltd
Nirmal Bang Vs Tradejini Geojit Vs Tradejini
Nirmal Bang Vs Tata Securities Geojit Vs Tata Securities
Nirmal Bang Vs Swastika Investmart Geojit Vs Swastika Investmart
Nirmal Bang Vs SMC Global Geojit Vs SMC Global
Nirmal Bang Vs SBICAP Securities Geojit Vs SBICAP Securities
Nirmal Bang Vs SASOnline Geojit Vs SASOnline
Nirmal Bang Vs Samco securities Geojit Vs Samco securities
Nirmal Bang Vs RK Global Geojit Vs RK Global
Nirmal Bang Vs Reliance Securities Geojit Vs Reliance Securities
Nirmal Bang Vs Master Trust Capital Geojit Vs Master Trust Capital
Nirmal Bang Vs Kotak Securities Geojit Vs Kotak Securities
Nirmal Bang Vs Interactive Brokers Geojit Vs Interactive Brokers
Nirmal Bang Vs IIFL Securities Geojit Vs IIFL Securities
Nirmal Bang Vs Dhani Geojit Vs Dhani
Nirmal Bang Vs IDBI Capital Geojit Vs IDBI Capital
Nirmal Bang Vs HDFC Securities Geojit Vs HDFC Securities
Nirmal Bang Vs Fyers Securities Geojit Vs Fyers Securities
Nirmal Bang Vs Edelweiss Capital Geojit Vs Edelweiss Capital
Nirmal Bang Vs Easytradez Geojit Vs Easytradez
Nirmal Bang Vs Rupeezy Geojit Vs Rupeezy
Nirmal Bang Vs Anand Rathi Geojit Vs Anand Rathi
Nirmal Bang Vs Aditya Birla Money Geojit Vs Aditya Birla Money
Nirmal Bang Vs Achiievers Geojit Vs Achiievers
Nirmal Bang Vs Angel One Geojit Vs Angel One
Nirmal Bang Vs Motilal Oswal Geojit Vs Motilal Oswal
Nirmal Bang Vs ICICI Direct Geojit Vs ICICI Direct
Nirmal Bang Vs Sharekhan Geojit Vs Sharekhan
Nirmal Bang Vs Groww Geojit Vs Groww
Nirmal Bang Vs Tradesmart Online Geojit Vs Tradesmart Online
Nirmal Bang Vs Upstox Geojit Vs Upstox
Nirmal Bang Vs Zerodha Geojit Vs Zerodha

Frequently Asked Questions

Is Nirmal Bang better than Geojit ?

Nirmal Bang and Geojit are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Geojit better than Nirmal Bang ?

Nirmal Bang and Geojit are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Nirmal Bang cheaper than Geojit ?

Nirmal Bang and Geojit are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Geojit cheaper than Nirmal Bang ?

Nirmal Bang and Geojit are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Nirmal Bang vs. Geojit ?

To find out the better of the two stockbrokers Nirmal Bang and Geojit, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.