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 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 Chittorgarh.com Visitors:
Special Rs.2000 Brokerage Credit
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.
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 brach 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.
Can you please give me information about your organisation structure, promoters, financial strength, how long you have been in this business and your expertise.
79.1. RKSV Jan 25, 2015 11:33:40 AM IST |
The promoters of RKSV are Ravi Kumar, Raghu Kumar and Shrinivas Viswanath. RKSV stands for the initials of their names. RKSV started in the year 2009 and started its retail operations on January 2012. Prior to starting RKSV, the founders of RKSV have been active traders on the American and European markets since 2004. In order to check the financial stability of our organization, we would request you to check the below link:
Our customers’ daily turnover on the exchanges exceeds Rs. 4000+ Crores. We have become an industry heavyweight by listening to our customers and giving them the tools and support they deserve to gain control over their finances. Our expertise lies in excellent customer service, lowest brokerage with a variety of pricing plans and powerful online trading tools.
As posted on site ILFS charge ac opening 210+ 400 upfront amc, but on my personal enqury from ILFS , they said if I choose to open demat ac directly with them it is ac opening zero but amc 600, and if I choose to open through discount brokers it is zero opening charge and amc 300. Please confim me.
78.1. RKSV Jan 21, 2015 6:29:36 PM IST |
Please note that if you open an IL&FS demat account through us then the account opening Rs. 210 one time account opening + Rs. 400 advance AMC). This amount goes to IL&FS directly as you are required to write a cheque in their favour. We are only facilitating our customers to open a demat acount with IL&FS through us.
please explain clearly. 22/- is include nsdl charges are not. if not , how much nsdl charges added to 22/-.
77.1. RKSV Jan 21, 2015 6:28:30 PM IST |
Please note that a DP charge of Rs. 22 per day per script is levied while selling delivery based shares. This charge is not applicable while buying the shares. Therefore, other than the brokerage + taxes + DP charges (On sell side only) there is no other charge applicable while buying and selling shares.
Hi I have a 3in1 account with HDFC,can you please explain me how to get an account with RKSV,should is discard both trading and demat account with my old broker..?
76.1. RKSV Jan 16, 2015 2:55:29 PM IST |
Please note that it is completely your choice if you wish to keep your demat account with HDFC. You can open the trading account with RKSV and link your existing demat account of HDFC or open new demat account also with RKSV.
Best Regards, RKSV
75. Manvendra Singh Jan 15, 2015 1:48:10 AM IST | Reply
I want to know the transaction charges in case of selling a stock apart from brokerage charges.
Suppose i sell some shares of any stock in a day (total sell price is 10000) then what will be the transaction charges for the same for every debit transaction.
Please give me the detailed charges regarding selling the stock.
75.1. RKSV Jan 16, 2015 2:56:31 PM IST |
We request you to our online calculator to find out how much you would pay as transaction charge. Transaction costs include statutory and regulatory fees charged by the regulator and the exchanges. You can also go to http://help.rksv.in/support/solutions/articles/41548-what-is-the-percentage-breakdown-of-all-the-statutory-charges- to check the percentage breakdown of all statutory charges. We are transparent about our dealings with our clients. Therefore, we encourage our clients to our online calculator to workout their trades. You can choose the Pro/Ultimate plan which would not add the brokerage charges in the calculations.
Best Regards, RKSV
74. Tejaas Dalvi Jan 13, 2015 10:59:25 AM IST | Reply
Hi, I am doing research to open my first Online trading account. I want to trade in Future and option segment in NSE (Mainly in NSE Option-stocks and index). So my main concern is brokerage charged on this segment. As a new to this can you please let me know when you charge Rs. 20 brokerage per lot is that for both buying and selling an option?
74.1. RKSV Jan 14, 2015 3:58:45 PM IST |
As a beginner in trading, we would recommend you our Dream plan which is the most popular plan of RKSV as the first 5 trades every month are brokerage free. In this plan on options trading, you will be charged Rs. 20 per order irrespective of the the lot size on both buy and sell side.
SINCE RKSV DOES NOT HAVE DP SERVICES, IT IS WITH ILFS , SUPPOSE A CUSTOMER KEEPS HIS DEMAT AC SAY WITH ICICI SECURITES ANOTEHR WITH ILFS HOW DOES IT GOING TO AFFECT AT THE TIME OF BOTH BUYING AND SELLING RELATED TO CONVENIENCE AND COST FACTOR.
73.1. RKSV Jan 14, 2015 4:02:41 PM IST |
Please note that you can have only one Primary demat account linked to your trading account.
1) If its with ILFS (POA account) - Then you can buy & sell shares from RKSV. There would be a transaction charge of Rs.22 per srip per day for the same.
2) If demat account is with 3rd party (As mentioned, ICICI) then shares would get credited into this demat account on delivery and would not be available for selling through RKSV.
Best Regards, RKSV
72. Dr Maajed J. Wani Jan 9, 2015 6:39:26 PM IST | Reply
Transparent, excellent rates RKSV dreamplan is perfect for retail investors- very economical! Excellent customer service. Only flaw is that the trading (web) interface is a little basic and needs to be improved. Highly recommended.
Brokerage - Excellent Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Excellent Overall Experience - Excellent
72.1. RKSV Jan 14, 2015 4:00:58 PM IST |
Hi Dr. Maajed,
We thank you for such wonderful review. This is extremely encouraging and it motivates us to work on our average areas so that next time you are compelled to give us an excellent rating in the web interface area too. Our technical team is already working towards improving our platform usability and we can assure you that it will soon start showing results. Keep writing and posting your valuable comments.
RKSV securities DONT BELIVE THEM i tried to open an account they told me demat and account is free of cost , iprint and send to them they now asking money they now tell rs700 to open it ...fraud RKSV, i complained them they deleted my post in facebook too bad rksv
71.1. RKSV Jan 9, 2015 4:29:40 AM IST |
I am very sorry to hear that. We charge Rs. 250 account opening fee. If you opt for a demat account, our one time fee is Rs. 300 and an AMC of Rs. 400. However, if you already have a Demat account, you can link it and you will not have to pay any one time fee or AMC''s. These fees are there becawe clear through IL&FS, and these are their mandatory fees. We pass on the fees to IL&FS.
We hope that alleviates your concerns. And if you open an account through chittogargh, your account opening fees are waived. We are sorry if one of our representatives gave you wrong information.
Hi I have a 3-in-1 account with icici direct. I want to change trading account with RKSV(dream plan but to keep demat account with Icici. I have some shares in my icici accont, after opening account with RKSV how can I sell those shares? Do I need to transfer those shares or something? What are the charges involved? Will the charges be per share basis?
Also will the transfer After opening a/c with RKSV)
69.1. RKSV Jan 9, 2015 9:34:17 AM IST |
Thanks for the question, it''s a good one. It''s not a requirement to open a Demat account with us through IL&FS. However, in that case you will need to avail the beneficiary facility. This allows you to transfer shares to our pooled account, from which you can sell shares. Whenever you sell any delivery transactions, you will be hint: go through Chittogarh to avail free account opening!)
Do let us know if you have any further questions.
69.2. RKSV Jan 9, 2015 10:08:53 AM IST |
Thanks for the question, it''''s a good one. It''''s not a requirement to open a Demat account with us through IL&FS. However, in that case you will need to avail the beneficiary facility. This allows you to transfer shares to our pooled account, from which you can sell shares. Whenever you sell any delivery transactions, you will need to pay Rs. 22 per day per script irrespective of of the size of the transaction. Yes, you will need to first open an account with RKSV.
Hint: go through Chittogarh to avail free account opening!)
I want to know about account opening. I have pan card having father''s name and having voter id card having husband''s name and bank account with husband and me jointly. is there any problem to open demat and trading account?
please infome me
66.1. RKSV Jan 9, 2015 10:12:03 AM IST |
No, there would be no issue at all. Just contact us and we can guide you through the process. In essence, you would probably need to provide a copy of your marriage certificate.
65. Ashok Ponnekanti Dec 1, 2014 2:00:48 PM IST | Reply
Hello sir, I am interested in opening both trading and demat account , I came to know that for chittorgarh visitors the account opening charges are zero . so , to open an account are there any other charges that I have to bear. kindly, inform me the above details.
65.1. RKSV Jan 9, 2015 11:17:09 AM IST |
If you submit your info through Chittogarh, we will waive the account opening fees completely! However, if you go through the regular route and you send your forms within 14 days after the first time contact, we will not charge you account opening charges.
64. Nitin Manapure Nov 19, 2014 2:28:09 PM IST | Reply
RSKV is a good broker as I have heard everywhere. But surprisingly I checked on to their website about their mobile trading platform, which showed that it was readily available. But when checked the same on the Google Play store, it showed that such app doesn''t even exist. Now this is a very serious issue as when I tried to downthe app from the website, there was security warning was shown in my Motorola moto g(2nd gen) mobile. This really questions the authenticity of the app and the firm too. As any transactions processed on this platform possess a serious security issues which everybody needs to think carefully. I urge RSKV to look into the matter too. As I wanted to open a account but this has really discouraged me to do so. Even Zerodha has a proper application available with them for android which is very popular too. I also want to ask whether you allow mobile trading to your clients through the NSE app available for android and iPhone?
64.1. RKSV Jan 9, 2015 11:30:23 AM IST |
Thanks for reaching out. You pose a good question. Our application is not on the PlayStore, as you stated but it still comes with a 128 bit SSL encryption and has passed all the required regulatory requirements as per exchange rules. So it''s impossible for us to release something that is not compliant :-) The application is safe, rest assured.
The warning you see is a standard warning that anyone downloading an app from the web will get. You''re bound to get this warning message when installing an app becait''s not on the PlayStore, that''s the only reason.
Another thing to note: all applications provided by brokers are built by the same vendor, so even if it is on the PlayStore or not- it''s still, essentially, the same application.
If you still feel that downloading the app is not safe, I would request you to first contact us or request a callback. You''re in safe hands when trading with RKSV!
Hello sir.. im a begginer and want to opt the dream plan of RKSV. but im not fully aware of it.. i arranged a call back several times but not recieved one yet..Plz call me or mail me the full details..like "the minimum amount i have to start with trading" thanku
63.1. RKSV Jan 9, 2015 11:11:01 AM IST |
We are very sorry to hear that. It is odd, we usually get back to queries right away. Can you leave us your number by sending an email to Email? Just write in the email that you''re Sami from Chittogarh. We will definitely get back to you right away.
63.2. RKSV Jan 9, 2015 11:13:08 AM IST |
Looks like we cannot post email addresses here. it is contact AT rksv DOT in (replace the AT with the @ symbol and DOT with the . symbol).
62. Amit Singh Nov 8, 2014 10:08:48 AM IST | Reply
How can I link my trading account with demat account. Is it online process.
62.1. RKSV Jan 9, 2015 10:47:22 AM IST |
It''s a really straightforward process! You just need to give us a self attested copy of your Client Master Report (CMR) of your demat account. After that, it gets linked. Just send us the physical copy of the same and you''re good to go.
61. ria shroff Nov 4, 2014 11:59:33 AM IST | Reply
I HAVE DEMAT WITH IIFL(CDSL).DO I NEDD TO OPEN NEW DEMAT WITH RKSV OR IIFL(CDSL) WILL BE LINKED.WILL THERE BE CHARGES BY BOTH BROKERS ON BUYING SELLING OR SIMPLY BY RKSV
61.1. RKSV Jan 9, 2015 10:40:30 AM IST |
That''s a great question. You can link your IIFL demat directly with RKSV and activate your beneficiary facility with us. This will allow you the ability to buy and sell shares through RKSV. You will only be charged fees pertaining to RKSV, not IIFL. You need to only pay the yearly AMC to IIFL for the demat account, and only IIFL would be knowing that amount.