Nirmal BangProduct & Services

We offer a diverse range of financial services which includes institutional and retail brokerage of equity, derivatives, commodities, currency, online trading, depository services, distribution of IPOs , mutual funds, fixed deposits & bonds, dedicated desk for NRIs and institutional clients, insurance broking(both life & general), clearing services, margin financing, investment banking, portfolio management, wealth advisory & research.

Equity & Derivatives

  • Overview
  • Benefits
  • FAQ's

"Shares are the most Commonly known form of investment in the world .It gives you part of ownership or share in Business .An equityinvestment generally refers to the buying and holding or trading of shares to gain income from daily price movements,dividends and capital gains, as the value of the stock moves.The tenure of investors varies from few minutes (for day Trader's/ arbitrageurs-Short term) to multiple years (for long term investors). In today’s equity markets provide modern, fully computerized trading systems designed to offer investors to invest in easier way "

At Nirmal Bang , We provide Quality of services whose functions is beyond mere execution of Buying & Selling .Our Wide range of daily, weekly and special Research reports with in-depth analysis on markets Wide array of products including Technical, Fundamental, Derivatives, Macroeconomic and Mutual Fund research undertaken by Expert Sector Analysts with professional industry experience helps you assimilate massive amount of Information .

Our Sole Purpose is to Simplify investing for you and provide long term Values to our Customer's , with suitable Trading solutions

Nirmal Bang can enhance your investing experience with :-

  • Multiple market watch facility with streaming quotes (Live Market Rates*)
  • Seamless (2– in – 1) trading experience (Demat & Trading A/C)
  • Instant Fund transfer facility
  • Inclusive research reports & well-timed advisory services
  • 24X7 access to back-office
  • Low bandwidth option for anywhere access
  • View critical market information such as Market Depth, Most Active Scrips, Top Gainers/ Losers etc.
  • Online real time advice/ recommendations on your trading platform
  • Review your Margin Status, Holding Report, Order and Trade Book on a real time basis
  • After Market Order (AMO) facility
  • Single window order entry with instant confirmation
  • 128 bit encryption security certified by Entrust SSL
  • Telephonic Assistance through centralized Helpdesk
Our Value Add
  • Access your ledger balances and account information over the internet and at the branches help desk
  • Browser and application based platforms can also be made available for commodity trading
  • Free research report subscription will help in better decision making
  • SMS services for research advice to keep you abreast with your investments
  • Regular news and updates on market
  • Allows you to choose from several customized/multiple brokerage plans to suit your trading needs

Trading with us is now simple and you merely have to open an account with Nirmal Bang and then trade in any of the following 3 ways:

  • Online – On your desktop through different trading platforms
  • Call-n-Trade (for online trading clients)
  • Contact or visit your nearest Nirmal Bang branch office to place your orders.
What is an Investment ?

Money is a need in today's environment and everybody has a varied income level. Whatever is earned is partly spent and partly saved for meeting future expenses. Instead of keeping the savings idle an individual uses the savings in order to get return on it in the future and mitigate inflation to some extent. This is called Investment

What is Equity ?

Equities are pieces of a company, also known as "stocks or shares". When you buy shares of a company, you're basically purchasing an ownership interest in that company. A company's stockholders or shareholders all have equity in the company, or own a fractional portion of the whole company. They buy the shares because they expect to profit when the company profits. Companies issue two basic types of shares: equity and preference shares.

What is Equity Share ?

Shares define the portion of investment an investor has made in a particular company at a given price. The total equity capital of a company is divided into equal units of small denominations, each called a share. The holders of such shares are members of the company and have voting rights

Equity share ownership in a public company offers many benefits to investors. The following are some of its main advantages :

  • Capital appreciation
  • Dividends
  • Voting privileges
  • Marketability - shares can easily be bought or sold
  • Dividend tax credit and capital gains tax
  • There are also a few drawbacks to owning equity shares. Although part owner of the business, common shareholders are in a relatively weak position, as senior creditors, bond holders and preferred shareholders all have prior claims on the earnings and assets of a company. While interest payments are guaranteed to bond holders, dividends are payable to shareholders at the discretion of the directors of a company.
What is a Derivative ?

An Index is a basket of securities and the average price movement of the basket of securities indicates the index movement, whether upwards or downwards The leading Indices in the Indian markets are based on BSE( e.g. BSE SENSEX) and NSE Exchanges(e.g. NSE NIFTY) . These indices are a reflection of the overall price movement in the market.

What is a Depository ?

A depository is like a bank wherein the deposits are securities (viz. shares, debentures, bonds, government securities, units etc.) in electronic form. In India currently there are two depositories namely National Securities Depository Limited (NSDL) & Central Depository services Limited (CDSL) whose services are availed of by many members who are called Depository Participants.

What is Dematirialisation ?

Prior to the concept of electronic exchanges shares were issued to investors in physical form. Dematerialization is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited to the investors account with his Depository Participant (DP).

What is the function of Securities Market ?

Securities Markets, in India they are majorly Stock Exchanges namely NSE National Stock Exchange and BSE Bombay Stock Exchange, is a place where buyers and sellers of securities can enter into transactions to purchase and sell shares, bonds, debentures etc. These exchanges also perform an important role of enabling corporates, entrepreneurs to raise resources for their companies and business ventures through public issues. It efficiently facilitates transfer of resources from investors to others who have a need for those (corporates). It links savings to investments by a variety of intermediaries, through a range of financial products, called Securities.

Why do Securities Market need regulators ?

Due to the changing economy and ratio between supply and demand resulting in the absence of conditions of perfect competition in the securities market, the role of the Regulator is extremely important. The regulator ensures that the market participants behave in a desired manner so that securities market continues to be a major source of liquidity for corporate and government and the interest of investors are protected.

Who Regulates the Security Market?

It is a shared responsibility jointly taken by Department of Economic Affairs (DEA), Department of Company Affairs (DCA), Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI).

What is the role of SEBI ?

The Securities and Exchange Board of India (SEBI) is the regulatory authority in India established under Section 3 of SEBI Act, 1992. It provides SEBI with statutory powers for protecting the interests of investors in securities, promoting the development of the securities market and regulating the securities market. Its regulatory jurisdiction extends over organisations in the issuance of capital and transfer of securities, in addition to all intermediaries and persons associated with securities market. It has been obligated to perform the aforesaid functions by such measures as it thinks fit. To be specific, it has powers as below : To regulate the business in stock exchanges and any other securities markets To Register and regulate the working of stock brokers, sub brokers etc Promoting and regulating self-regulatory organizations Prohibiting fraudulent and unfair trade practices Taking information by undertaking inspection, conducting inquiries and audits of the stock exchanges, intermediaries, self regulatory organizations, mutual funds and other persons associated with the securities market.

Who are the participants in Stock Exchanges ?

The Stock Exchanges essentially has three categories of participants, which are, the issuers of securities, investors in securities and the intermediaries which bring in the issuers and the investors together, such as merchant bankers, brokers etc.

Is it necessary to transact through an Intermediary ?

It is advisable to conduct transactions through an intermediary as you need a trading member of a stock exchange if you intend to buy or sell any security on stock exchanges, maintain an account with a depository if you intend to hold securities in demat form, need to deposit money with a banker to an issue if you are subscribing to public issues. One also gets guidance while transacting through an intermediary. We should choose a SEBI registered intermediary, as he is accountable for its activities.

What are the major Segments of Stock Exchange ?

The Stock Exchanges has two interdependent segments: the primary (new issues) market and the secondary market. The primary market provides the channel for sale of new securities while the secondary market deals in securities previously issued.

What is meant by Face value of a Share ?

The nominal or stated amount in (Rs .) assigned to a security by the issuer. For shares, it is the original cost of the stock shown on the certificate. For an equity share, the face value is usually a very small amount (Rs . 5, Rs . 10) and is a small contributor on the price of the share, which may quote higher in the market, at (Rs .) 100 or (Rs .) 1000 or any other price.

What is an IPO?

An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. This is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves way for listing and trading of the issuers securities. The sale of securities is generally through book building or through normal public issue.

What is meant by Secondary market ?

It refers to a market where securities are traded after they have initially offered to the public in the primary market and/or listed on the Stock Exchange. Majority of the trading is done in the secondary market.

What is the role of stock exchange in buying and selling of shares ?

Under the overall supervision of the regulatory authority, the Securities and Exchange Board of India (SEBI), the stock exchanges in India provide a trading platform, where buyers and sellers can meet to transact in securities. The trading platform provided by BSE & NSE is an electronic one and there is no need for buyers and sellers to meet at a physical location to trade. The trade is done through the computerized trading screens or internet based trading facilities available and provided by the trading members.

What is Dividend ?

Periodic payments to shareholders made out of the company's profits are termed as dividends. The company decides the amount in a board meeting based on the company's performance and surplus.

What are advantages of Depository Services?

By trading in demat segment the risk of bad deliveries is completely eliminated. One can also save on 0.5% in stamp duty in case of transfer of electronic shares. It also avoids the cost of courier; follow up with broker and loss of share certificates in transit. One can also take a loan against shares held in demat form by pledging the same with various lending institutions if required.

What is the process of opening a Demat account ?

Opening a demat account is as simple as opening a bank account. One can open a depository account with any DP by filling up the account opening form, which is available with the DP. Sign the DP-client agreement that defines the rights and duties of the DP and the person wishing to open the account. Receive your client account number (client ID). This client id along with your DP id gives you a unique identification in the depository system.

What is the procedure to dematerialize your share certificate ?

One needs to fill up a dematerialization request form, which is available with your DP. The holder has to submit the share certificates along with the form; (write "surrendered for demat" on the face of the certificate before submitting it for demat). The credit of such shares is received in general in about 21 days from the registrar.

What makes investment different from Saving ?

Saving is a stage on the way to investing. You cannot be an investor without being a saver but you can be a saver without being an investor. Savings are effectively cash or cash instruments, such as deposit account, term bonds etc. Investing is what you do with the savings you have created if you are looking to generate a return on your money that is greater than what is already available to you through your savings instruments

What is safest investment ?

The Securities and Exchange Board of India (SEBI) is the regulatory authority in India established under Section 3 of SEBI Act, 1992. It provides SEBI with statutory powers for protecting the interests of investors in securities, promoting the development of the securities market and regulating the securities market. Its regulatory jurisdiction extends over organisations in the issuance of capital and transfer of securities, in addition to all intermediaries and persons associated with securities market. It has been obligated to perform the aforesaid functions by such measures as it thinks fit. To be specific, it has powers as below : To regulate the business in stock exchanges and any other securities markets To Register and regulate the working of stock brokers, sub brokers etc Promoting and regulating self-regulatory organizations Prohibiting fraudulent and unfair trade practices Taking information by undertaking inspection, conducting inquiries and audits of the stock exchanges, intermediaries, self regulatory organizations, mutual funds and other persons associated with the securities market.

Should everyone Consider Stock Market /Direct Equity Options ?

The answer to this question is a definite yes. It has been seen that over the years there has been no financial instrument which has given returns as high as the stock markets. The only important factor to be kept in mind is that investment should always be made with an objective in mind and we should not be too greedy while investing. On the other hand, as inflation has fallen over the last couple of decades so have the returns available from basic savings accounts. In fact, many instant access accounts no longer keep pace with inflation at all. Leaving your money in such an account now actually means it is falling in value!

Currency

  • Overview
  • Benefits
  • FAQ's

Trading in currency derivatives or Forex trade as it is better known is a very lucrative investment option in India. Nirmal Bang provide our services as the retail Forex brokers to our esteemed clients on a personalized level . Our extensive research based speculations help the clients to choose the right currency to trade with and help them secure maximum benefit from the investment. Our online brokerage services are committed to provide better and faster execution of this difficult trade on behalf of the investors in the simplest manner .

As an authorized broker for NSEC ,BSEC & MCXC we take a personalized approach to guide the investors in currency trade to ensure the maximum investment profits with least risk. Guiding the investor from the upward/downfall in the currency market keeping in mind his personal interest is guaranteed through the recommendations made by our competent research team. Our team of technical analysts ensures continuous hedging of the investment risk in the trade involving currency futures. Our membership at NSEC, BSEC and MCXC helps our clients in dealing currencies to derive immense benefits by hedging their requirements. Thus we are devoted in providing holistic solutions to meet specific needs of clients in managing all aspects of currency trade.

Salient Features of Currency Derivatives
  • Small orders can be executed up to 1 contract or 1000 USD without any additional cost.
  • Transparency of Quotes, Market Price and Price Determination.
  • Trade in the currency futures require Less Margin
  • Synchronization with International Market.
  • Less Fluctuation.
  • Low Margins.
Our Value Add
  • Access your ledger balances and account information over the internet and at the branches help desk
  • Browser and application based platforms can also be made available for commodity trading
  • Free research report subscription will help in better decision making
  • SMS services for research advice to keep you abreast with your investments
  • Regular news and updates on market
  • Allows you to choose from several customized/multiple brokerage plans to suit your trading needs

Trading with us is now simple and you merely have to open an account with Nirmal Bang and then trade in any of the following 3 ways:

  • Online – On your desktop through different trading platforms
  • Call-n-Trade (for online trading clients)
  • Contact or visit your nearest Nirmal Bang branch office to place your orders.
1. What are Currency Futures ?

Currency Futures traded on NSE-CDX - are standard contracts of a specified quantity - to exchange one currency for another - at a specified date in the future called settlement date - at a price that is fixed on the purchase date called futures price.

2. Why Trade in Currency Futures ?

Currency Futures allows investors to take a view on the movement of the Indian Rupee (INR) against other currencies.

3. What is the other Currency Derivatives Traded on NSE –CDX ?

Currently, only Currency Futures are allowed to be traded by SEBI.

4. What do we meant by Currency Futures ?

A currency forward contract is traded in the over-the-counter market usually between two financial institutions or between a financial institution and its client.

5. How does the Indian Forex market work ?

The Foreign Exchange Management Act is the law which regulates the Forex market. The regulatory authority for the Indian Forex market is the Reserve Bank of India (RBI). However, the Exchange Traded Currency Futures market is regulated by SEBI through the recognized stock exchanges.

6. What volatility have we observed in the Indian Forex market?

The period beginning 1993, when the Indian Rupee moved away from an administered exchange rate, was a period of low currency volatility. This was followed by a period of high volatility during the Asian crisis after which the period again witnessed low volatility, followed yet again by a high volatility period.

7. What is Counter-party or Credit Risk?

The ICCL (the Clearing Corporation of Bombay Stock Exchange Ltd.) gives an unconditional guarantee for the net settlement obligations of all clearing members in the currency derivative segment. As such, in case of default of a clearing member, ICCL becomes counter-party for his net settlement obligations and thus other market participants remain unaffected.

8. Who can trade in the Currency Futures Market?

Except FIIs and NRIs, every individual/corporate/institution/bank etc. is allowed to trade in the Currency Futures market.

9. Which currencies are allowed to trade on NSE-CDX?

To begin with, only US Dollar ($) futures is being traded against the Indian Rupee (INR). The contract for say the month of April will be called USDAPR2010.

10. How many contracts are available for trading in NSE-CDX?

There are 12 near calendar months contract available for trading along with spread contracts for every combination.

11. How can I sell a Futures Contract before I own it?

You do not need to own the underlying currency when you enter into a futures contract. The contract simply represents a commitment to either sell or buy the asset on the set expiry date.

Commodities

  • Overview
  • Benefits
  • FAQ's

"We offer our clients commodity Trading in the commodity markets involving Grains, metals, oil, crude, etc. Our personalized services in commodity trade and investment through our competent and knowledgeable team of professionals involve trading of commodity derivatives in terms of futures and options.

We aim at providing our clients with options to diversify their wealth management portfolios with low investment and best market prices.The commodity trade in terms of futures and options generally takes place through commodity exchanges. Our services through MCX,NCDX & NMCE as well as our nationwide network and powerful research team are capable of catering to the investors with the services uniquely fitted to the requirements of exchange based commodity trades.

We provide our clients with trust based and ethical personalized services and guide them through the huge investment opportunities available in commodity market related to grains, metals, oil, crude, etc."

Our mission is to help clients in making informed investment decisions in commodity trade. Our services are aimed at assisting clients in their wealth creation through continuous research, innovation and providing the clients with phenomenal growth opportunities

A future trading eases the hassles and costs of settlements and storage for traders who do not want custody. The most lucrative element of futures trading is that it allows investors to participate and trade at nominal costs.
a) You no longer need to put the whole amount for trading, only the margin amount is required.
b) Traders can earn from short selling.

Trade in Commodity Futures

Market - Trading in commodities provides a lucrative market opportunity for investors, arbitragers, hedgers, traders, manufacturers, exporters and importers. The listed commodities include Bullion, Metals, Energy and Agri products

Exploitable fundamentals - Commodity trading operates on the simple principle that “Price is a function of Demand and Supply”. This makes things really easy to understand and exploit

Portfolio diversifier

Commodity Futures derive their prices from the underlying commodity and commodity prices cannot become zero. Commodity has a global presence and hence, it''s a good portfolio diversifier.

Extended trading hours

Indian commodity market operates for 14 hours a day covering timings of all major international commodity exchanges, thus giving traders ample time to earn profits

Option of trading in Demat form

Now, one does not need to hold commodities physically in warehouses. Now-a-days depositories offer to hold your commodities in a Demat form.

Our Value Add
  • Access your ledger balances and account information over the internet and at the branches help desk
  • Browser and application based platforms can also be made available for commodity trading
  • Free research report subscription will help in better decision making
  • SMS services for research advice to keep you abreast with your investments
  • Regular news and updates on market
  • Allows you to choose from several customized/multiple brokerage plans to suit your trading needs

Trading with us is now simple and you merely have to open an account with Nirmal Bang and then trade in any of the following 3 ways:

  • Online – On your desktop through different trading platforms
  • Call-n-Trade (for online trading clients)
  • Contact or visit your nearest Nirmal Bang branch office to place your orders.
1. What is a commodity?

A commodity is a product having commercial value that can be produced, bought, sold, and consumed. It is normally a basic raw unprocessed state but products derived from primary sector and structured products are also traded at commodity exchanges. In India, the list includes precious metals, ferrous and non-ferrous metals, spices, pulses, plantation crops, sugar, and other soft commodities.

2. What is a commodity market ?

Commodity market is a place where trading in commodities takes place. It is similar to an Equity market, but instead of buying or selling shares one buys or sells commodities

3. What are the different types of participants in commodity markets?

Broadly, the participants can be classified as hedgers, arbitragers, and speculators. In other words, manufacturers, traders, farmers, exporters, and investors are all participating in this market.

4. What are the different types of Commodities that are traded in these Markets ?

World-over one will find that a market exits for almost all the commodities known to us. These commodities can be broadly classified into the following: Precious Metals: Gold, Silver, Platinum etc. Other Metals: Nickel, Aluminum, Copper etc. Agro-Based Commodities: Wheat, Corn, Cotton, Oils, Oilseeds, etc. Soft Commodities: Coffee, Cocoa, Sugar etc. Energy: Crude Oil, Natural Gas, Gasoline etc.

5. How is trading done in the commodity exchanges?

Commodity exchanges are based on the online trading system. It is an order-driven, transparent trading platform, which is reachable to the various participants through the internet, VSAT, and leased line modes operated by members or subbrokers spread across the country.

6. What is a derivative contract?

A derivative is a product whose value is derived from the value of one or more underlying variable or asset in a contractual manner. The underlying asset can be equity, foreign exchange, commodity or any other asset. The price of derivative is driven by the spot price.

7. How are futures prices determined?

Futures prices evolve from the interaction of bids and offers emanating from all over the country which converge on the trading floor. The bid and offer prices are based on the expectations of prices on the maturity date.

8. Is delivery mandatory in commodity futures contract trading?

The provision for delivery is made in the Byelaws of the Associations so as to ensure that the futures prices in commodities are in conformity with the underlying. Delivery is generally at the option of the sellers. However, provisions vary from Exchange to Exchange. Byelaws of some Associations give both the buyer and seller the right to demand/give delivery.

9. How is it possible to sell, when one doesn’t own commodity?

One doesn’t need to have the physical commodity or own a contract for the commodity to enter into a sale contract in futures market. It is simply agreeing to sell the physical commodity at a later date or selling short. It is possible to repurchase the contract before the maturity, thereby dispensing with delivery of goods.

10. What is long/short position?

Long position is a net bought position, whereas a short position is net sold position.

Institutional Broking

  • Overview
  • Benefits

The institutional broking at Nirmal Bang Broking offers corporate houses and institutions dealing capabilities on India leading stock exchanges (NSE and BSE) in the cash and derivatives segments. This unit has devised a process driven approach to address the needs of institutional Clients who have unique and specialized investment needs

Our specialized services consist of the most experienced market professionals and our Institutional Broking Services are backed by an insightful research team who provide the most in-depth reports on the markets. We live to serve our clients every exclusive need through our extensive knowledge repository and perfect blend of counseling, guidance and management

  • Highly skilled, dedicated dealing, research and sales teams
  • Dealing capabilities on the NSE, BSE and in the cash and derivatives segment
  • In-depth, detailed and insightful coverage across 16 diverse sectors and 153 companies that extends to
    • Economic Research
    • Result Expectations
    • Derivative Strategies
    • IPO Research
    • Mutual Fund Research
  • Special reports like impact of credit policy, budget, etc.
  • Access to international expertise and global practices established in mature financial markets
  • An international distribution network servicing the needs of institutions & corporate houses through a large global network and with the ability to execute globally

Depository

  • Overview
  • Benefits
  • FAQ's

We at investment ideal offer depository service which is registered as a depository participant with NSDL& CDSL . Enjoy the dual benefits of trading and depository services under one roof and experience efficient, risk-free and prompt depository service.

Our customer-centric account schemes have been designed keeping in mind the investment psychology of consumers. With a competent team of skilled professionals, we manage over 250000 accounts and have a dedicated customer care centre exclusively trained to handle customer queries.

Our depository services offer you a secure, convenient, paperless and cost effective way to keep track of your investments in shares and other instruments over a period of time, without the hassle of handling physical documents. Your DP account with us takes care of your depository needs such as dematerialization, conversion of mutual fund units, mutual fund redemption, re-materialization, transfer and pledging of shares, stock lending and borrowing

When it comes to unmatched services , Nirmal Bang is the way to go

As an investor you will enjoy numerous benefits , if you do trading of shares in the depository mode. Below are some of the advantages & benefits you will enjoy especially with Nirmal Bang :

  • Economical and competitive DEMAT charges with attractive schemes like lifetime free AMC (Annual account maintenance charges).
  • Everything is in electronic form which reduces paper work and saves time.
  • Fast settlement cycles. You can purchase, hold and sell shares in electronic form.
  • Increase in liquidity of your securities because of faster transfer and registration of securities in your account.
  • Instant disbursement of non-cash benefits such as bonus, right-issues, etc.
  • No risk of loss, mutilation or theft of share certificate.
  • Regular account status updates.
What is Depository ?

A depository is an organization where the securities of an investor are held in electronic form. A depository can be compared to a bank. To avail of the services of a depository, an investor has to open an account with the Depository through a depository participant, just as he opens an account with the bank. Holding shares in the account is akin to holding money in the bank.

Why should I prefer to buy shares in the depository mode? Why should I have a demat account?

As an investor you will enjoy many benefits if you buy and sell shares in the depository mode. The following are some of the benefits you will enjoy: No bad deliveries. No risk of loss, mutilation or theft of share certificates No stamp duty for transfer of shares. Reduced paper work. Fast settlement cycles. Low interest rates on loans granted against pledge of dematerialized securities by banks. Low margin on securities pledged with banks. Increase in liquidity of your securities because of faster transfer and registration of securities in your account. Instant disbursement of non-cash benefits like bonus and rights into your account. Regular account status updates available from MODES at any point of time.

At present, India has only two depositories: National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). NSDL is the first depository to have started in India, whereas CDSL followed them. However, most of the services offered by both these depositories are similar. Today almost all the companies listed in dematerialized form with NSDL are available with CDSL.

Who is a Depository Participant?

A Depository Participant(DP) is an agent appointed by the Depository and is authorized to offer depository services to all investors. An investor cannot directly open a demat account with the depository. An investor has to open his account through a DP only. The DP in turn opens the account with the Depository. The DP in turn takes up the responsibility of maintaining the account and updating them as per the instructions given by the investor from time to time. The DP generates and provides the holdings statement from time to time as required by the investor. Thus, the DP is basically the interface between the investor and the Depository. Example: BVC Modes is a DP of both Depositories (NSDL as well as CDSL). For the purpose of Internet Trading, you will have to open a demat account with BVC, who is authorized to offer you this service. We will be opening your demat account with CDSL. The balances in your account are maintained with the depository and are available to you through us. You can find the status of your holdings or transactions from time to time.

Who is a Beneficiary Owner(BO)?

The person who holds a demat account is a beneficiary owner. In case of a joint account, the account holders will be beneficiary holders of that joint account.

What is a BO Id?

The demat account number of the beneficiary holder(s) is known as the BO Id.

What is a DP Id?

A DP Id is the number of the depository participant allotted by the depository.

Margin Funding

  • Overview
  • Benefits
  • Policies
  • Approved List
  • Login
Company Overview

Nirmal Bang Financial Services Pvt Ltd is a RBI registered Non Banking Financial Company which offers margin funding facility to its clients.

Product Overview

With reference to RBI circular dated 10th April 2015 (DNBS (PD).CC.No. 408 / 03.10.001/2014-15), NBFCs lending against collateral of shares shall, with effect from the date of this circular:

  • Maintain an LTV ratio of 50%; and
  • Accept only Group 1 securities (specified in SMD/ Policy/ Cir - 9/ 2003 dated March 11, 2003 as amended from time to time, issued by SEBI) as collateral for loans of value and also approved by management.
  • Any Shortfall in the maintenance of 50% LTV occurring on account of movement in the share price shall be made good within 7 days. If fail to arrange for maintenance of the 50% LTV within Five days, we would be forced to initiate necessary actions including liquidation of securities, as set out in the terms of the agreement

If in case any query then please contact at

Email Id : las@nirmalbang.com or nbfc@nirmalbang.com

Contact no: 022- 39267505

*Interest Rate: The interest rate varies from 8% to 18% p.a.

  • Corporate Action benefits like bonus, dividend etc continue to accrue to the borrower.
  • Any appreciation in the value of the Securities given as margin would automatically allow enhancement in drawing power.
  • Interest will be calculated on the amount utilized & the actual period for which it is utilized.
  • Clients can view their financial statement and holdings online.
Risk Monitoring System

In case of shortfall in the margin the client has to follow the prescribed norms and replenish the short margin or else the shares would be liquidated to the extent of the shortfall.

Documents Requirement
  • Client has to open a bank account and Demat account with Nirmal Bang Securities Pvt Ltd both under POA with us.
  • Trading account should be in NSDL.
  • Loan agreement to be duly filled up and signed therein.
  • Copy of PAN card
  • Copy of Address Proof
  • Two passport sized photographs
  • Copy of latest two years ITRs
  • Two Undated dated cheques , one for principal & other for interest in the name of Nirmal Bang Financial Services Pvt Ltd
  • Cheque of Rs.500/- towards the loan documentation charges
  • Cheque of Rs 10000/- in favour of bank as minimum balance, this cheque will be credited in client’s name in bank a/c only.
  • Bank statement for last 6months.
  • Vernacular Declaration

All documents as mentioned in point no 1 to 12 in case of individual are required. Additional documents to be collected , in case of corporate clients:

  • Copy of annual report of last two years
  • Memorandum and article of association
  • List of directors with their specimen signature
  • Two photographs of all the directors.
  • Share holding pattern till base level
  • Board resolution on letter head of the company (authorizing for Borrow and to give above POA)
Kindly note
  • All documents should be self attested
  • All Photographs and signatures should match with the proof given
  • Additional documents need to be submitted in case of any discrepancy is noticed.
Grievance Redressal officer

1. In case of any complaints / grievances the customer may contact the Complaint Redressal Official at the below contact details:

Name : Mr. KAPIL PARKAR.

Email Id : kapil.parkar@nirmalbang.com

Contact No: 022-39267503 / 04

2. If the complaints/dispute is not redressed within a period of one month, the customer may appeal to the Officer-in- Charge of the Regional Office of Reserve Bank of India under whose jurisdiction our company is registered at the below mentioned address::

Regional Office: RESERVE BANK OF INDIA
Department of Non-Banking Supervision,
Reserve Bank of India Building, 3rd Floor,
Opp. Mumbai Central Railway Station,
Byculla, Mumbai – 400 008 Contact: 23028436.
Email: dnbsmro@rbi.org.in

Central Office: RESERVE BANK OF INDIA
Department of Non-Banking Supervision
Reserve Bank of India Central Office
Mum-400 001, Contact: 022-22661602

To know in detail about margin funding :

Call:- 91-022-3926 7505, Email:nbfc@nirmalbang.com

Policies

The Fair Practices Code (FPC) is aimed to provide to the customers effective overview of practices, which will be followed by the Company in respect of the financial facilities and services offered by the Company to its customers. The Code will facilitate the customers to take informed decision in respect of the financial facilities and services to be availed by them and will apply to any loan that the Company may sanction and disburse or other financial product which it may distribute.

The Fair Practices Code (FPC) is aimed to provide to the customers effective overview of practices, which will be followed by the Company in respect of the financial facilities and services offered by the Company to its customers. The Code will facilitate the customers to take informed decision in respect of the financial facilities and services to be availed by them and will apply to any loan that the Company may sanction and disburse or other financial product which it may distribute.

1.Objective of the Code
This Code has been developed to:
  • Promote good, fair and trustworthy practices by setting minimum standards in dealings with the customers;
  • Increase transparency to enable the customers to have a better understanding of what they can reasonably expect of the services.
  • Promote a fair and cordial relationship between the customers and the Company.
2.Our Key Commitments and Declarations

The Company shall act efficiently, fairly and diligently in our dealings with all our customers by:

  • Meeting the commitments and standards in this Fair Practices Code for the financial products and services we offer, and the procedures and practices our staff follow;
  • Ensuring that all the financial services meet relevant laws and regulation;
  • Providing professional, courteous and speedy services;
  • Providing accurate and timely disclosure of terms and conditions, costs, rights and liabilities as regards financial transaction.
  • The Company shall help the customer understand how our financial products and services work by:

  • Ensuring that our advertising & promotional literature is clear and is not misleading;
  • Giving verbal information that is consistent with the literature shared with customer;
  • Explaining financial implications of the transactions.

The Company shall deal quickly and proactively with things that go wrong by:

  • Correcting mistakes quickly;
  • Attending customer complaints quickly;
  • Telling our customers how to take their complaint forward if the customers are still not satisfied with our assistance;
  • Reversing any charges that we apply due to our mistake
3.Non-Discrimination Policy

The Company will not discriminate between our customers on the basis of gender, race or religion.

4.Application for loans and their processing:
  • Loan application forms issued by the Company shall include necessary information which affects the interest of the borrower so that a meaningful comparison with the terms and condition offered by other NBFCs can be made and an informed decision can be taken by the borrower. The loan application form shall indicate the documents required to be submitted along with the application form.
  • The company shall issue an acknowledgement receipt for all loan applications. Loan applications shall be disposed off within 14 days or such extended time as may be mutually agreed between the borrower and the company from the date of receipt of the application form complete in all respects.
  • If any additional details/documents are required, the same shall be intimated to the borrower in reasonable time.
  • The company will conduct contact point verification through its employees or through an agency appointed by it, by contacting the customer at their residence/business telephone numbers/or physically visit residence/business address mentioned on the loan application
5. Loan appraisal and terms/conditions:

a.The company shall conduct a due diligence on the creditworthiness of the borrower, which will be an important parameter for taking decision on the application. The assessment would be in line with the company’s credit policies, norms and procedures in respect thereof.

The borrower would be informed in the vernacular language as understood by the borrower by means of sanction letter or otherwise the amount of loan sanctioned. The said letter shall contain the terms and conditions including the annualized rates of interest and method of application thereof and shall obtain an acceptance from the borrower on the said sanction letter.

b. The Company Shall disclose in bold letters any clause pertaining to penal interest charged for late repayment in the loan agreeement

c. The company shall furnish a copy of loan agreement along with a copy of all enclosures quoted in the loan agreement to all the borrowers at the time of requisition by borrower or breif terms should be made part of sanction letter. The company shall ensure that the loan agreements and enclosures furnished to all borrowers contain the terms and conditions and the rate of interest in the form of a term sheet, which shall be annexed to the loan agreement.

6. Disbursement of loans including changes in terms and conditions:

a. The company shall frame appropriate internal principles and procedures for determining the interest rates, processing and other charges. The company shall at the time of disbursal, ensure that the interest rate and processing and other charges on loan and advances are in strict adherence to above referred internal principles and procedures

b. The disbursement will be done immediately upon compliance of all terms and conditions of the sanction by the borrower.

c. The Company shall give a notice to the borrower in the vernacular language as understood by the borrower of any change in the terms and conditions including disbursement schedule, interest rates, services charges, prepayment charges etc. The Company shall also ensure that changes in interest rates and charges are affected only prospectively. This clause will be covered in the loan agreement as well.

7.Post Disbursal Supervision:
  • Any decision to recall/accelerate payment or performance under the loan agreement shall be in consonance with the Loan Agreement.
  • All securities offered by the borrower shall be released on repayment of all dues or on realization of the outstanding amount of loan subject to any legitimate right or lien for any other claim the Company may have against the borrower. If such right of set off is to be exercised, the borrower shall be given notice about the same with full particulars about the remaining claims and the conditions under which the Company is entitled to retain the securities till the relevant claim is settled/ paid.
8.General
  • The Company shall not interfere in the affairs of the borrower except for the purposes provided in the Loan Agreement unless new information not earlier disclosed by the Borrower has come to the notice of the Company.
  • In the matter of recovery of loans, the Company shall not resort to undue harassment like bothering the borrowers at odd hours/ use of muscle power for recovery of loans.
  • The Company shall ensure that the entire process of enforcing its security, valuation and realization thereof be fair and transparent.
  • In case of receipt of a request from the borrower for transfer of the borrowal account, the consent or otherwise i.e. objection of the Company, if any, shall be conveyed within 21 days from the date of receipt of such request. Such transfer shall be as per transparent contractual terms in consonance with law.
9.Confidentiality

Unless authorized by the customer, the Company will treat all personal information as private and confidential. The Company will not reveal transaction details to any other entity including within the group other than the following exceptional cases:

  • If the Company have to provide the information by statutory or regulatory laws
  • If there is a duty to the public to reveal this information
  • If the Company has taken the customers permission (for instance at the time of loan sanctioning) to provide such information to its group/ associate/ entities or companies for providing other products or services
  • Where the customer asks us to reveal such information to its group/ associate/ entities or companies for providing other services or products.
10.Complaint Redressal Mechanism
  • Borrowers who have grievances in respect of decisions of the Company may address their grievances to Mr. Kapil Parkar ,at Email-d:nbfc@nirmalbang.com Contact no.022- 39267503/04.
  • If the complaints /dispute is not redressed within a period of one month , the customer may appeal to the officer-in –charge of the Regional office of Reserve Bank of India under whose contact details: Reserve Bank of India, Department of Non-Banking Supervision, Reserve Bank of India Central office, Mumbai 400 001.Contact No.022-22184868
  • The Board will periodically review the compliance of this Fair Practices Code and the functioning of the grievances redressal mechanism at various levels of management.
  • After examining the matter, the Company will endeavor to send the customer its response within 4 weeks and intimate the customer how to escalate the complaint to higher level, if he is not satisfied with the response.
  • A periodical review of the Fair Practices Code and the functioning of the grievances redressal mechanism at various levels of management would be undertaken by the Company and a consolidated report of such reviews shall be submitted to the Board of Directors of the Company at regular intervals.

The Company shall abide by this Fair Practices Code following the spirit of the Code and in the manner it may be applicable to its business.

Approved List

For detailed Margin funding list , please click here :- Margin Funding Scrips

PMS

  • Overview

"Nirmal Bang Securities Pvt Ltd is a SEBI licensed Portfolio Manager, who endeavours to provide Investment solutions to HNIs clients through PMS Platform.

Our Portfolio Managers are equipped to create a basket of customised investment products across a wide spectrum of traditional and Alternate Asset classes across various investment avenues like Equities, Fixed Deposits, Mutual Funds ,Bonds etc. to meet your unique needs that is best suited for you in the current market scenario."

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