RKSV is Mumbai, India based popular discount broker offering multiple budget brokerage plans to India stock & commodity market investors. RKSV is well known for its Dream Plan (flat Rs 20 per trade irrespective to the size of the trade) which also offers '5 free trades each month' across trade segments including Equities, Futures, Options, Currencies, and Commodities. Flat 20 Rs per Trade is charged after 5 free trades each month.
Being a discount broker; RKSV's brokerage structure is simple and easy. They offer different plans to suit your requirement. The Dream Plan which offers flat Rs 20 per trade is an excellent plan for Active Investors as well as Beginners.
RKSV's monthly plans are ideal for active traders. Choose the Pro plan for different segments or the Ultimate Plan if you do a lot of trading and require additional leverage.
RKSV transaction charges are very competitive with other discount brokers in India. They charge transaction or turnover charges at Rs 350 per crore for equity, Rs 210 per crore for futures and Rs 5500 per crore for options (on premium).
Like other online stock trading companies, RKSV provides trading services to buy & sell stocks, futures & options online. RKSV Commodities provides trading services to buy & sell commodities online.
RKSV Share Broker Review Ratings
RKSV's Trading Platforms
RKSV offers trading using the NEST Trading platform. NEST Trading Platform include installable trading terminal, website based trading and mobile trading facility; available for free to all its customers. RKSV do not charge any software uses fee.
Customer can use below ways to trade with RKSV using NEST:
Trading Terminal; The downloadable NEST Trading Platform EXE (Only for Windows OS)
Website based NEST Online trading
NEST Mobile for Android OS
Note: Call & Trade service is also available but at an extra charge.
RKSV offers different types of brokerage plans to suit customer requirement. A facility is available to mix and match these plans to make your own which is best suited to you.
The Dream Plan (Rs 20/trade + 5 free trades/month)
This plan offers 5 free trades each month, for life and then allow you to trade any number of shares at a flat rate of Rs 20 per executed order. The Rs 20 brokerage is applicable on trades in all segments including Cash (Equities), Futures, Options, Currency Futures and Options, and MCX Futures. You pay flat Rs 20 even if one order has 10 lots on Options. There is no monthly commitments. Also Dream plan customers get intraday leverage of 20x on equities, 2.5x on NSE F&O, 2x on NSE Currency F&O and 2x on MCX Futures.
Note that a service tax of 12.36% (Rs. 2.47) is applied to the Rs. 20 per order traded charge. This totals to Rs. 22.47 per trade.
RKSV Pro Plan (Flat monthly fees for unlimited trades)
This plan offers unlimited trading on Equity Delivery Based Trades, Equity Intraday Trades, Equity F&O, and Index Futures & Options in NSE Cash, NSE F&O and BSE Cash segments. This plan is the attractive plan for high volume day traders who executes multiple trades a day. This plan is further categorized in three plans:
Rs 3,999 Plan
This plan offers unlimited trading on Cash (Equities), Futures and Options segments.
Rs 1,999 Plan
This plan offers unlimited trading on NSE Currency Futures and Options segments.
Rs 2,999 Plan
This plan offers unlimited trading on MCX Commodity Futures segments.
Key features of RKSV Pro Plan:
Pro plan customers get intraday leverage of 20x on equities, 3x on NSE F&O, 3x on NSE Currency F&O and 2.5x on MCX Futures.
The fee is only charges during the months you trade. If you don't trade during a month, you don't pay.
A service tax of 12.36% is applied to the fixed monthly charges.
The Ultimate plan (Unlimited trades in all segments at Rs 9999 per month)
This plan offers unlimited trading on NSE Cash, BSE Cash, NSE Futures, NSE Options, NSE Currency Futures, NSE Currency Options, and MCX Futures - all for one, flat monthly fee. This plan is ideal for active traders who trade at least once a day. In this plan customer gets the margin of 20x on NSE and BSE Cash, 4x on NSE Futures, 4x on NSE Options, 4x on NSE Currency Futures and Options and 3x on MCX Futures.
Note that a service tax of 12.36% (Rs. 1235.88) is applied to the Rs. 9999 monthly charge. This totals to Rs. 11,234.88.
Demat Account Annual Maintenance Charges (AMC): Rs 400 Per Year
Special offer for our visitors:
Special Rs. 2000 Brokerage Credit [Switchover Bonus]
Switch over to RKSV from your current broker in order to avail the Rs. 2000 brokerage credit. You just need to open a FREE account with RKSV and submit a contract note from your existing broker to get the credit. Simply leave your contact information with us and RKSV representatives will call you. Hurry up! offer ends soon.
Open online stock trading account with RKSV for FREE. This is a limited time offer. Pay Rs Zero Account Opening Fees and try the cheapest discount stock broker in India. Simply leave your contact information with us and RKSV representatives will contact you.
The Dream Plan (After first 5 free trades):
Equity Delivery Based Trades: 0.10% or Rs 20 per executed order (whichever is lower).
Equity Intraday Trades: 0.01% or Rs 20 per executed order (whichever is lower)
Equity Future: 0.01% or Rs 20 per executed order (whichever is lower)
Equity Options: 0.01% or Rs 20 per executed order (whichever is lower) (on Turnover)
Currency Futures and Options: 0.01% or Rs 20 per executed order (whichever is lower)
Commodity Futures: 0.01% or Rs 20 per executed order (whichever is lower)
The Pro Plan:
Rs 3,999 Plan: Fixed Rs 3999 per month for unlimited trades across all Cash (Equities), Futures and Options segments.
Rs 1,999 Plan: Fixed Rs 1999 per month for unlimited trades across all NSE Currency Futures and Options segments.
Rs 2,999 Plan: Fixed Rs 2999 per month for unlimited trades across all MCX Commodity Futures segments.
The Ultimate plan - Fixed Rs 9,999 per month for unlimited trades across all NSE Cash, BSE Cash, NSE Futures, NSE Options, NSE Currency Futures, NSE Currency Options, and MCX Futures.
STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty: Charges based on the state the customer is located in.
Service Tax: This is charged at 12% of the total cost of brokerage plus transaction charges.
Education Cess: This is charged at 2% of the Service Tax.
Higher Education Cess: This is charged at 1% of the Service Tax.
SEBI Turnover Fees: This is charged at Rs 20 per Crore.
Transaction or Turnover Charges: This is charged at Rs. 350/crore for Equity, Rs. 210/crore for Futures, Rs. 5500/crore on premium for options.
Other Charges (RKSV Broker Hidden Charges / Fees):
Call and Trade feature is available at an extra cost of Rs 20/- per order.
Digital contract notes are available free of charge. Physical contract notes are available at Rs 25 per contract note plus courier charges.
Instant Transfer: For Commodities trading, transferring funds into your commodities trading account is a simple process. Instant fund transfer in NEST is available. RKSV supports instant bank transfers for over 20 banks. You can use the NEST trading platform (EXE) to instantly transfer funds from your bank account to your trading account and have it reflect on your margin immediately. There is a Rs. 7 transfer fee charged for instant transfers. A daily limit of 2 lakhs is applied on instant fund transfer.
They do not charge any fees for depositing money for trading. For money withdrawals, RBI charges fees based on the amount you want to transfer
For transactions up to Rs 1 lakh not exceeding Rs 5 (+ Service Tax)
For transactions above Rs 1 lakh and up to Rs 2 lakhs not exceeding Rs 15 (+ Service Tax)
For transactions above Rs 2 lakhs not exceeding Rs 25 (+ Service Tax)
Using RTGS (RBI Circular):
Rs. 2 lakh to Rs. 5 lakh - not exceeding Rs. 30 per transaction.
Above Rs. 5 lakh - not exceeding Rs. 55 per transaction.
RKSV / IL&FS Demat Account Charges
RKSV has partnership with IL&FS (Infrastructure Leasing & Financial Services), India's leading Demat account service provider (or DP or depository participant). IL&FS offers services to electronically store the shares and securities owned by the investors. The RKSV (IL&FS) charges for demat account transitions are as below:
RKSV dream plan offers 5 free trades per month for life time with no hidden fees. Your first 5 executed orders per month are absolutely free.
RKSV's transaction or turnover charges are among the one of the lowest in the discount brokerage industry. They charge 30 - 40% less than competitors.
There are multiple plans available to suit different investor's need. If you are a frequent trader you can choose the pro plan. If you are an investor or casual trader and make only few trades a month, you can choose the dream plan (maximum Rs 20 per trade).
Mix and match of different plans is possible. A client can sign up for (Pro Plan and Dream Plan for currencies).
RKSV offers 10% referral credit to its customers. Simply refer a friend and 10% of brokerage paid by your friend is credited to you.
RKSV has an online helpdesk and ticketing system. Customer can track the responses on your quries on real time basis. This is unique and very useful feature provided by RKSV.
RKSV offers Cover Orders.
RKSV allows bracket orders with a trailing stop loss. Bracket orders are available across all segments including futures and options.
RKSV is introducing a unique TPIN system(Telephonic PIN) to authenticate all Call and Trade transactions This will reduce the time to authenticate customers by phone and also provides increased security and transparency to the user.
RKSV have branch offices in Delhi and Mumbai.
RKSV doesn't provide facility to invest in IPO, FPO, Mutual Funds and Offer For Sale (OFS).
3-in-1 accounts are not available as company doesn't provide banking services.
Unlike most 3-in-1 accounts provider, RKSV Back Office is not integrated with its trading platform. It's a separate website and most data in the back office gets updated overnight. This is the case with all the discount brokers.
Citibank account can't be linked for online fund transfer.
Trading clients are not available for operating system Mac and Linux.
BTST/ATST (Buy Today / Sell Tomorrow or Acquire Today / Sell Tomorrow) facility is not available with RKSV. Through BTST; you can buy stock today and sell it tomorrow before you get the delivery of the shares.
RKSV Complaints Recieved at BSE / NSE:
Number of customer complaints lodged against share broker RKSV:
Number of Clients *
Total Complaints **
* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.
** The total number of complaint received against the broker at the given exchange.
Since i am outside india and i have no cheque leaves presently, so how i remit the account opening charges as i like to open a trading account online. Kindly advise.
104. Praveen Kumar May 18, 2015 2:28:57 PM IST | Reply
How long does it take to open and close an account with RKSV? Is there a minimum amount required to start shorting shares? If I opt for RKSV''v pro plan for intraday equity what would be the monthly total fixed cost (brokerage + tax on brokerage)? How long does it take for funds withdrawal?
Best rates , 5 trade free per month what else you want?
Brokerage - Excellent Account Maintenance Fees - Excellent Website Usability - Excellent Customer Service - Above Average Overall Experience - Above Average
102. Ravi Adukia Apr 23, 2015 8:49:28 AM IST | Reply
I have demat account with ILFS NSDL .is that ok or I have to open new account.I at present deal in Equity Cash market and SLB segment.How can I deal in both segments, please guide.pls also inform your charges for both with depository charges including delivery charges for both equity cash and SLB segment.
I already have an account with Nirmal bang Securities and quite frankly, even though their charges are exorbitant, I am very happy wth their technology.
I have been reading that the terminals of discount brokers is riddled with issues related to false orders, stuck orders and so on, and they also do not provide timely support in case an issue arises. I would go ahead with opening an account with them if someone can let me know if their platform is ok, especially the mobile trading platform.
101.1. RKSV Apr 22, 2015 9:44:42 AM IST |
That is a very valid concern. We are presently providing the NEST software which our clients have been using on their mobile devices. No major issues have cropped up till date. We ensure that the software is user friendly and highly secure. We are also launching our own software in few months time and have designed the same keeping the end user in mind. Whether the customer is a passive investor, an active investor or an active trader, we want to ensure that our trading platforms cater to our customer''''s needs.
We can assure you that our technology offerings are at par with any other broker :) We would suggest that you try us out (zero account opening fees through Chittogarh!) and opt for our Dream Plan, where you get 5 free trades each month for life. We are committed towards providing you excellent customer support.
I AM USING RELIANCE SECURITY LTD FOR TRADING AND ALSO HAVING DEMAND ACCOUNT I THAT (CDSL),I AM WILLING TO OPEN TRADING ACCOUNT WITH RKVS,I AM HAVING FEW COMPANY SHARES IN RELIANCE DEMANT ACCOUNT, IF I SWITCH TOO RKVS MEANS MENTION THE PROCESS OF CONVERTING MY SHARES INTO YOURS DEMAND ACCOUNT AS WELL AS PROCESSING FEES FOR THAT,AND ALSO MENTION THE PROCESS OF CLOSING MY TRADING AS WELL AS DEMAND ACCOUNT IN RELIANCE...
99.1. RKSV Apr 11, 2015 11:26:33 PM IST |
RKSV has tied up with IL&FS to provide customers the ability to open a Demat account. After your account with RKSV is opened, you can transfer your existing holdings to ILFS by filling a Delivery Instruction Slip (DIS Slip) with Reliance. For closure of your Reliance account, we request you to please contact them directly.
I hope that helps- if you have any further queries do get in touch with us!
I want to open account with RKSV but is it possible to open account online? I can send all scan copies becai am out of India so i can''t go to office locally, i have all the documents and demat account with hdfc sec. please guide me about this. I am mainly interested in equity delivery.
98.1. RKSV Apr 12, 2015 12:20:05 AM IST |
Absolutely! You can open an account online with RKSV. The benefit of being an online broker is that you can do just about everything everything online except when it comes to opening an account as per SEBI guidelines you need to send the physical forms & documents signed by you for account opening. As long as you have an Indian PAN card, address proof and an Indian savings bank account, you can open an account with us by sending us the documents through courier.
You can also link your existing demat account with your RKSV trading account by sending a Client Master Report (CRM) copy. Please check the below link for our Knowledge Base which will clarify all your doubts.
If you wish to start the account process, you can go to https://new.rksv.in to open an account.
Hi, I have already a demat account in ICICI DIRECT.com . But I want to also open an another account in RKSV. Is it possible ? Can I link my icici demat account in rksv ? Please , suggest me as soon as.
97.1. RKSV Apr 12, 2015 12:36:00 AM IST |
Of course you can! You can open another trading account with RKSV and you can also link your existing Demat account with RKSV trading account by providing us a CMR (Client Master Report) copy.
Do let us know if you have any other questions at all :)
Dear rksv, How much days credit you are given for intra day and delivery base trading as per hair cut values of existing shares in delay account. I have account in reliance. They are giving me 7 days credit to settled my account.i want to open an account with rksv for my wife.so plz reply.
96.1. RKSV Apr 12, 2015 12:44:54 AM IST |
Currently we do not provide collateral or margin against shares, but will be doing in the very near future! We provide margin for Intraday trades. If you carry the positions overnight, 100% margin would be applied.
To learn more about margin, visit our Knowledge Base here http://rksv.in/knowledge-base/margin/
And to see our margin limits for our different pricing plans, visit our pricing page! http://rksv.in/pricing/dream-plan/
We hope that answers your questions. Do feel free to get in touch with us at anytime to get more questions answered.
Warm Regards, RKSV
95. aryan raaz Mar 30, 2015 4:38:36 PM IST | Reply
dear sir i see at ur website the low brokerage is Rs:8.00,what it means.
95.1. RKSV Apr 12, 2015 12:49:03 AM IST |
That''s a great question, and actually a question that gets asked us quite often!
On average, if you take the total amount we generate in revenue through our pricing plans during any given month and divide it by the total number of trades on that same given month, the number comes out to around Rs. 8 per trade.
I want to avail your service please contact me ASAP.
94.1. RKSV Mar 30, 2015 3:01:05 PM IST |
Thank you for your interest in RKSV. Please call us at 022-6130-9999 or email us at Email mentioning your contact number and one of our executives will guide you further. Don''t forget to mention that you found out about us through Chittorgarh :)