What are Account Maintenance Charges in Nirmal Bang?

Since its founding in 1986, Nirmal Bang Securities Pvt Ltd. has grown to become one of India’s leading full-service brokerage firms. Nirmal Bang Group, founded by Nirmal Bang, Dilip Bang, and Kishore Bang, provides a wide range of financial services and products to traders and investors.

Nirmal Bang Account Charges

Through its stock trading accounts and Demat accounts, Nirmal Bang offers its clients access to a variety of financial markets and products. As with any brokerage firm, Nirmal Bang charges fees and commissions to support its operations. Here, we’ll examine Nirmal Bang’s fee schedule in detail with a focus on account maintenance fees.

Account Opening Charges

To begin trading with Nirmal Bang, you must open a trading and demat account. The following charges are associated with opening these accounts:

1. Trading Account Opening Charges (One Time): With Nirmal Bang, opening a trading account is free of charge. You do not have to pay any upfront fees when opening an account with Nirmal Bang.

2. Demat Account Opening Charges (One Time): Similar to a trading account, Nirmal Bang does not charge to open a Demat account. As a result of this policy, individuals are encouraged to participate in the financial markets without experiencing financial hardship at the beginning.

Account Maintenance Fees (AMC)

Nirmal Bang offers free accounts, but there are fees associated with maintaining your account. AMCs are annual fees that cover the cost of maintaining and managing your trading and demat accounts. For your convenience, it ensures that the necessary systems and assistance are in place.

1. Trading Annual Maintenance Charges (AMC – Yearly Fee) 

Nirmal Bang makes trading accessible to everyone by providing free trading account maintenance charges. This means that even if you haven’t traded for a year, you will not be charged annual maintenance fees. 

2. Demat Account Annual Maintenance Charges (AMC – Yearly Fee)

Nirmal Bang charges Rs 200 annually for the maintenance of the Demat account. Throughout the year, this fee ensures the smooth running and security of your Demat account. 

Nirmal Bang Account Opening and Maintenance Charges

Here’s a table for Nirmal Bang Charges:

Conclusion

Fee structures may change over time, so it’s advisable to check Nirmal Bang’s official website or contact their customer support for the latest details.