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 RKSV Stock Trading, Demat, Brokerage and Reviews



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 changed 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 changes 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 5900 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 Rated 4.41 / 5 based on 37 customer reviews

Overall Rating Fees Brokerage Usability Customer Service
Rated 4.4 stars Rated 4.2 stars Rated 4.5 stars Rated 3.8 stars Rated 4.4 stars Rate RKSV

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 change any software uses fee.

Customer can use below ways to trade with RKSV using NEST:

  1. Trading Terminal; The downloadable NEST Trading Platform EXE (Only for Windows OS)
  2. Website based NEST Online trading
  3. NEST Mobile for Android OS

Note: Call & Trade service is also available but at an extra charge.

Account Types

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.

RKSV Brokerage Charges 2014

  • Trading Account Opening Charges (One Time): Rs 350 (Rs 250 if self printed)
  • Demat account Opening Charges (One Time): Rs 300
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 Per Year

Special offer for Chittorgarh.com Visitors:

Free Brokerage Account (RKSV Free account opening)

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.

 

 

Trading Brokerages

  1. 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)
  2. 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.
  3. 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.

 

RKSV Brokerage Charges in Detail

 

RKSV Charges EQUITY Delivery EQUITY Intraday
Pro Plan/Ultimate Plan Brokerage Rs 0 Rs 0
Dream Plan Brokerage 0.1% or Rs. 20/Trade whichever is lower 0.01% or Rs. 20/Trade whichever is lower
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction/Turnover Charges Rs. 350/crore Rs. 350/crore
Service Tax 12% on Brokerage + Transaction Charge 12% on Brokerage + Transaction Charge
Education Cess 2% of Service Tax 2% of Service Tax
Higher Education Cess 1% of Service Tax 1% of Service Tax
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Duty


RKSV Charges Futures Options
Pro Plan/Ultimate Plan Brokerage Rs 0 Rs 0
Dream Plan Brokerage 0.01% or Rs. 20/Trade whichever is lower Rs 20/trade
STT 0.017% on Sell Side 0.017% on Sell Side(on Premium)
Transaction/Turnover Charges Rs. 210/crore Rs. 5900/crore on premium turnover
Service Tax 12% on Brokerage + Transaction Charge 12% on Brokerage + Transaction Charge
Education Cess 2% of Service Tax 2% of Service Tax
Higher Education Cess 1% of Service Tax 1% of Service Tax
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges


RKSV Charges Currency Futures Currency Options
Pro Plan/Ultimate Plan Brokerage Rs 0 Rs 0
Dream Plan Brokerage 0.01% or Rs. 20/Trade whichever is lower Rs 20/trade
STT No STT No STT
Transaction/Turnover Charges Rs. 155/crore Rs. 6000/crore on premium turnover
Service Tax 12% on Brokerage + Transaction Charge 12% on Brokerage + Transaction Charge
Education Cess 2% of Service Tax 2% of Service Tax
Higher Education Cess 1% of Service Tax 1% of Service Tax
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges


RKSV Charges Commodity Futures
Pro Plan/Ultimate Plan Brokerage Rs 0
Dream Plan Brokerage 0.01% or Rs. 20/Trade whichever is lower
CTT 0.01% only on the sell side
Transaction/Turnover Charges Rs. 350/crore
Service Tax 12% on Brokerage + Transaction Charge
Education Cess 2% of Service Tax
Higher Education Cess 1% of Service Tax
SEBI Charges Rs 0
Stamp Charges Rs 100/Crore


RKSV Charge Structure Explanation:

  • 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. 5900/crore on premium.


Other Charges (RKSV Broker Hidden Charges / Fees):

  1. Call and Trade feature is available at an extra cost of Rs 20/- per order.
  2. Digital contract notes are available free of charge. Physical contract notes are available at Rs 25 per contract note plus courier charges.
  3. 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.
  4. 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
    Using NEFT:
    • 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.

Useful Articles:

How to open account with RKSV Securities Ltd?

Opening account with RKSV is simple and easy.

Contact RKSV / Request Call Back

Name:Phone #:
Email:City, State:
Are you a day trader?

RKSV Advantages

  1. 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.
  2. 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.
  3. 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).
  4. Mix and match of different plans is possible. A client can sign up for (Pro Plan and Dream Plan for currencies).
  5. RKSV offers 10% referral credit to its customers. Simply refer a friend and 10% of brokerage paid by your friend is credited to you.
  6. 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.
  7. RKSV offers Cover Orders.
  8. RKSV allows bracket orders with a trailing stop loss.
  9. 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.
  10. RKSV have brach offices in Delhi and Mumbai.

RKSV Disadvantages

  1. RKSV doesn't provide facility to invest in IPO, FPO, Mutual Funds and Offer For Sale (OFS).
  2. 3-in-1 accounts are not available as company doesn't provide banking services.
  3. 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.
  4. Citibank account can't be linked for online fund transfer.
  5. Trading clients are not available for operating system Mac and Linux.
  6. 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.

Useful links about RKSV

  • Contact RKSV for trading & demat account.
  • RKSV Website: www.rksv.in
  • Corporate Office: 212, Trade Centre, BKC, Bandra (E),
    Mumbai - 400 051
  • Brach Office: 807, New Delhi House, Barakhamba Road,
    New Delhi - 110 001

Enquiry Form

RKSV Margin / Exposures on Equity Trading

Margins BSE and NSE Cash NSE Futures NSE Options NSE Currency F&O MCX Commodities
Dream Plan 20 Times Exposure 2.5 Times Exposure 2.5 Times Exposure 2 Times Exposure 2 Times Exposure
Pro Plan 20 Times Exposure 3 Times Exposure 3 Times Exposure 3 Times Exposure 2.5 Times Exposure
Ultimate Plan 20 Times Exposure 4 Times Exposure 4 Times Exposure 4 Times Exposure 3 Times Exposure

RKSV's Membership Information

  1. RKSV NSE Membership:
    • Capital Market (CM) - INB231394231
    • Future & Options (F&O) - INF231394231
    • Currency Derivatives (CDS) - INE231394231
  2. RKSV BSE Membership:
    • Capital Market (CM) - INB011394237
    • Future & Options (F&O) - INF011394237
  3. RKSV MCX Membership:
    • Member Code - 46510
    • FMC Regn. No. - MCX: MCX/TM/CORP/2034
  4. CDSL: IN-DP-CDSL-00283831
  5. NSDL: IN-DP-NSDL-11497282

(Note: Information Last Updated: 8/3/2014 10:00:00 PM)

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RKSV Securities Ltd Reviews

        

43. mahesh  Aug 02, 2014 2:26:48 PM IST |  Reply 

if i purchased shares today on delivery basis,& want to sell them after how many days i can sell them?

42. ravi  Jul 30, 2014 7:33:18 PM IST |  Reply 

hi,
can i take delivery of shares of options.

41. KAUSTUBH  Jul 28, 2014 4:31:58 PM IST |  Reply 

HII,
I AM NRI , CAN I OPEN DEMAT AND TREADING ACCOUNT WITH YOU, ?
WHAT IS PROCEDURE ?

40. santhosh  Jul 22, 2014 12:05:44 PM IST |  Reply 

Do you have facility like ICICI''s T+5 days for BTST ?

40.1. RKSV  Jul 23, 2014 2:39:17 PM IST | 

Hi santhosh,

Unfortunately, we don''t offer BTST facilities yet.

39. ME  Jun 19, 2014 5:37:33 PM IST |  Reply 

@RKSV & others
I am new to stocks and looking to open demat+Trading account. I want to know :
1. What do u mean by 5 free trades ? It it 5 executed orders ?
2. After 5 free Trades, For Equity Delivery Based Trades: 0.10% or Rs 20 per executed order (whichever is lower) and For EQUITY Intraday: 0.01% or Rs. 20/Trade whichever is lower.... or Just flat Rs 20/Trade ???

39.1. RKSV  Jun 30, 2014 5:13:51 PM IST | 

1) Yes 5 executed orders. Number of trades can actually end up being more.
2) After 5 free trades, yes it''s priced at 0.1%/20 for delivery and 0.01%/20 whichever is lower.

38. CNR Srikanth  Jun 07, 2014 10:08:31 AM IST |  Reply 

I am fully satisfied with Brokerage which is transparent and ideally low for active traders like me and their customer service, technical support has been excellent and call and trade team executes the orders immediately - my experience with RKSV has indeed been very pleasant and satisfactory. They have to improve on SECURITY - now they have introduced long overdue TPIN and they should also provide VIRTUAL KEYBOARD for typing passwords and answering secret questions

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

37. ANKIT AGARWAL  May 25, 2014 2:12:31 PM IST |  Reply 

I recommand RKSV for both active and casual traders..
it have got excillent services at this price rate..

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average

36. Keshav Gawde  Apr 25, 2014 1:30:34 PM IST |  Reply 

Pl let me know NEFT detais to transfer fund.

35. Ravishankar  Apr 17, 2014 5:36:02 PM IST |  Reply 

Hi RKSV,

I would like to open an Demat and trading account with less brokerage and service charges and I am planning to invest as well as trade in equities.since locating in chennai Tamilnadu is there any branch office for RKSV in chennai to get the required details when never needed.

Is there any special offer avaliable for chittogarh.com visitors to open trade account.

Is there any charges for the money transfer between demat and bank account? Pls provide details for this if any. I am having my bank account in indian bank.

Can I have a on-line demo for trading for my Satisfaction?

Where can I get the form to open the account to whom I need to contact for help regarding this? How long it takes to open the account





34. Rahul Mehta  Apr 03, 2014 4:51:08 PM IST |  Reply 

Hi,

I am a frequent trading user. I am quite pleased with your services and low brokerage rates. I just want to give one suggestion. Please add cover order for intrady cash segment option in Mobile application. As of now it is available only on nest software on computers.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

33. omprakash bhandekar  Mar 25, 2014 11:07:53 PM IST |  Reply 

I wish to open trading a/c with low brokerage charges firm advice me

32. Ashok Sharma  Mar 14, 2014 9:04:51 PM IST |  Reply 

They have one of the worst customer service - Request everyone to please be careful

32.1. ashutosh  Apr 02, 2014 9:53:43 AM IST | 

you are wrong ,they have excelent service.

32.2. SHANMUGHAM  Apr 11, 2014 3:00:45 AM IST | 

I am doing trading through RKSV for past two years. I do not have any difficulty/inconvenience in their services. Futhermore, when I have some clarification/queries, their support is very good and their response is very much satisfied. And their charges are also low. Anyone can utilise their services.

31. RAJESH  Mar 14, 2014 5:28:43 PM IST |  Reply 

1)CAN I MY KVB BANK ACCOUNT FOR INSTANT MONEY TRANSFER?
2) MY NAME IN MY PANCARD SLIGHTLY MISMATCH WITH MY BANK ACCOUNT AND MY DRIVING LICENSE I.E., INITIAL LETTER IN LAST OF MY NAME WHAT SHOULD I DO WHILE FILLING ONLINE APPLICATION?

30. Suresh  Feb 26, 2014 12:02:57 AM IST |  Reply 

DO you have web based trading option?

30.1. RKSV  Mar 13, 2014 6:51:11 AM IST | 

Yes we do. No charges either

29. Prabhakar Ganeshan  Feb 17, 2014 9:56:42 AM IST |  Reply 

Good Customer service, Needs to improve on Software/trading platform...

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Above Average

28. kasiviswanathan krishnan  Jan 04, 2014 12:03:37 AM IST |  Reply 

i have been trading through you for more than a year. i am very much satisfied with customer care and service. your representatives are really polite, cooperative and helpful.kindly maintain the same standard. probably you should become more visible to attract more customers. also you can have an world class in hotrading platform.

27. Rahul deo  Jan 02, 2014 11:18:22 PM IST |  Reply 

With 15000 capital can i trade 2 lots of nifty future intraday as u provide 2X margin

27.1. RKSV  Jan 20, 2014 1:32:30 PM IST | 

Margin limits can be found on our dropbox here: https://www.dropbox.com/sh/000ebfc8vkgsc1p/XMM0EIdHYN/Margin%20Limits

They are updated daily. One lot of NIFTY with 2X margin requires around Rs. 25,000 today

26. Kumar  Dec 14, 2013 2:15:15 AM IST |  Reply 

Please reduce your brokerage of Rs 25/order to 20 or less.Becayou have some tough competitors like Zerodha-which charges 20/order ,,,& Trade Smart Online-which charges 15/order.

...And in your Monthly Unlimited plan also you ltl more discount u cn get from them on this scheme),which was 500/month few months ago.

See there is a huge difference in 1947/month and 750/month !!!!
Try to reduce the gap becasooner or later traders wl run behind the broker who wl charge low.
I hope it opens your eyes and act before it''s too late...

25. amit kumar  Dec 06, 2013 12:11:02 PM IST |  Reply 

THE TRADING PLATFORM IS VERY GOOD AND THE BROKERAGE IS VERY ATTRACTIVE. ALSO THE RKSV TEAM IS VERY VERY CO-OPERATIVE IN SOLVING CUSTOMER PROBLEMS.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent


24. mahesh  Dec 05, 2013 4:15:02 PM IST |  Reply 

can i trdae from mobile and from desktop pc through online.

24.1. RKSV  Dec 09, 2013 11:49:43 PM IST | 

Hi Sir,

Yes you can trade from mobile, desktop, and online. You can trade all the major segments (Equity, F&O, Currency, Commodity). All are available for free.

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