RKSV Securities Stock Trading, Demat, Brokerage and Reviews
Incorporate in 2009, RKSV Securities Ltd is Mumbai, India based discount broker offering multiple budget brokerage plans to India Stock Market investors. RKSV is popular for its Freedom Plan; a fixed monthly brokerage fees based trading plan for unlimited trades. For flat monthly fee of Rs 1947, one can trade unlimited in Cash, Futures and Options segments. Detail of other RKSV brokerage plans is available below. Furthermore, if you don't trade during any particular month, you will not get charged; you only pay if you trade during a particular month.
Like other online stock trading companies, RKSV Securities provides trading services to buy & sell stocks, futures & options online.
Being a discount broker; RKSV's brokerage structure is simple and easy. They offer 3 different plans to suite your requirement. The RKSV Freedom Plan (Flat Fee of Rs 1947 a Month) is the cheapest brokerage plan for trading in India for Traders. The Dream Plan which offers flat Rs 25 per trade is an excellent plan for Active Investors as well as Beginners.
RKSV is especially become low-cost broker for traders because of its lowest transaction / turnover charges. They charge transaction or turnover charges at Rs 350 per crore for equity, Rs 230 per crore for futures and Rs 7150 per crore for options (on premium). Other discount broker like Zerodha charges around 40% more and Compositedge charges 30% more. This makes RKSV offering overall lowest brokerage fees in India.
RKSV Securities Rated 4.38 / 5 based on 13 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
RKSV Securities's Trading Platforms
RKSV Securities allows trading using NSE NOW Trading platform, An installable application can be downloaded and installed on your computer for free. This allows fast execution of orders along with real time monitoring. NSE NOW also offers connectivity to the BSE. In this platform servers are co-located inside the NSE building so the quote refresh rates and order execution time is very fast.
Account Types
RKSV Securities offer 3 different types of brokerage plans to suite customer requirement. A facility is available to mix and match these plans to make your own which is best suited to you.
RKSV Freedom Plan (Flat Rs 1,947 Per Month for unlimited trades)
This plan offers unlimited trading on Equity Delivery Based Trades, Equity Intraday Trades, Equity Futures & Options, and Index Futures & Options in NSE Cash, NSE F&O and BSE Cash segments. This plan is the most attractive plan since it only charges you during the months you trade. If you don't trade during a month, you don't pay".
Note that a service tax of 12.36% (Rs. 240.65) is applied to the Rs. 1,947 monthly charge. This totals to Rs. 2,187.65.
The Dream Plan (Flat Rs 25 per trade)
This plan offers you to trade any number of shares at a flat rate of Rs 25 per executed order. The Rs 25 brokerage is applicable on trades in all segments including Cash, F&O and Currency. You pay flat Rs 25 even if one order has 10 lots on Options. On the Equity segment, RKSV will charge you the lower of 1 paisa brokerage or Rs. 25 per trade, whichever is lower".
Note that a service tax of 12.36% (Rs. 3.09) is applied to the Rs. 25 per order traded charge. This totals to Rs. 28.09 per trade.
The Currency 999 Plan (Unlimited trades in NSE Currency Derivatives segment at Rs 999 per month)
This plan offers unlimited trading in NSE Currency Derivatives segment at fee of flat Rs 999 per month. No additional brokerages or hidden fees are payable except service taxes.
Note that a service tax of 12.36% (Rs. 123.48) is applied to the Rs. 999 monthly charge. This totals to Rs. 1,122.48.
Demat Account Annual Maintenance Charges (AMC): Rs 400 Per Year
Trading Brokerages
RKSV Freedom Plan - Fixed Rs 1947 Per Month for unlimited trades in all segments.
The Currency 999 Plan - Fixed Rs 999 per month for unlimited trades in NSE Currency Derivatives segment.
The Dream Plan -
Equity Delivery Based Trades: 0.10% or Rs. 25 per trade whichever is lower
Equity Intraday Trades: 0.01% or Rs. 25 per trade whichever is lower
Equity Future: 0.01% or Rs. 25 per trade whichever is lower
Equity Options: 0.01% or Rs. 25 per trade whichever is lower (on Turnover)
RKSV Brokerage Charges in Detail
RKSV Charges
EQUITY Delivery
EQUITY Intraday
Freedom Plan Brokerage
Rs 0
Rs 0
Dream Plan Brokerage
0.1% or Rs. 25/Trade whichever is lower
0.01% or Rs. 25/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
10 Rs/Crore
10 Rs/Crore
Stamp Duty
RKSV Charges
Futures
Options
Freedom Plan Brokerage
Rs 0
Rs 0
Dream Plan Brokerage
0.01% or Rs. 25/Trade whichever is lower
Rs 25/trade
STT
0.017% on Sell Side
0.017% on Sell Side(on Premium)
Transaction/Turnover Charges
Rs. 230/crore
Rs. 7150/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
10 Rs/Crore
10 Rs/Crore
Stamp Charges
RKSV Charges
Currency Futures
Currency Options
Freedom Plan Brokerage
Rs 0
Rs 0
Dream Plan Brokerage
0.01% or Rs. 25/Trade whichever is lower
Rs 25/trade
STT
No STT
No STT
Transaction/Turnover Charges
Rs. 160/crore
Rs. 7500/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
10 Rs/Crore
10 Rs/Crore
Stamp Charges
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 at 0.002% of turnover as per Maharashtra Stamp duty rates.
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 Charges: This is charged at Rs 10 per crore.
Transaction or Turnover Charges: This is charged at Rs. 350/crore for Equity, Rs. 230/crore for Futures, Rs. 7150/crore on premium.
Other Charges (Broker Hidden Fees):
Call and Trade feature is available at an extra cost of Rs 25/- per order.
Digital contract notes are available free of charge. Physical contract notes are available at Rs 25 per contract note plus courier charges.
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.
To open an account with RKSV; please leave your information and RKSV representative will contact you.
RKSV Securities Advantages
RKSV's transaction or turnover charges are lowest in the discount brokerage industry. They charge 30 - 40% less than its competitors.
RKSV have brach offices in Delhi and Mumbai.
The Freedom Plan (Rs 1947 per month for unlimited trades) is cheapest monthly fixed price brokerage plan available in India. If there were no trades done for that particular month they will credit the entire amount to your account at the end of each month.
There are multiple plans available to suit different investor's need. If you are a trader you can choose the freedom plan (Fixed Rs 1947 per month). If you are an investor and make only few trades a month, you can choose the dream plan (Rs 25 per trade).
Mix and match of different plans is possible. A client can sign up for (Freedom 1947 Plan and Dream Plan for currencies) or (Dream Plan for F&O/CM and Currency 999 Plan).
RKSV offers 10% referral credit to its customers.
RKSV have an online helpdesk and ticketing system. Though this customer can track the responses on there quries on real time basis. This is unique and very useful feature provided by RKSV.
RKSV Securities Disadvantages
RKSV doesn't offer Commodity Trading.
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.
RKSV doesn't offer Market Orders. A market order is a type of order which traders choose to buy or sell stocks at current market price. These types of order are sent to exchange as soon as they are submitted and usually gets executed instantly at the current market price. RKSV stopped offering market orders to reduce the trading risks.
Brach Office: 807, New Delhi House, Barakhamba Road, New Delhi - 110 001
RKSV Margin / Exposures on Equity Trading
RKSV Exposure for Intraday Trading - RKSV offers 10 times exposure or leverage for stocks on which NSE F&O trading is allowed. For all cash scripts having 20% circuit limits, you will get 2 times exposure intraday, and will have a requirement of 100% margin for all other scripts.
RKSV Exposure for trading in Futures - RKSV lets clients take positions for Intraday with 50% of the SPAN + Exposure Margins. If you carry the positions overnight, 100% margin will be required. Click here to download the latest margin limits for each individual scrip (updated daily).
RKSV Exposure for trading in Futures (Short Selling) - 2 times exposure (50% margin) for short selling futures intraday.
RKSV Margin for Options - RKSV doesn't offer any margin for buying Options. For buying options, RKSV requires the full premium amount. For selling options, the full applicable span and exposure margin is required. However, you do get the premium benefit credited to your account when selling options.
RKSV Margins in Intraday Trading
Product
Margin Required
Equity - Margin Intraday Squareoff (MIS)
10% for stocks listed in F&O, 50% for stocks with 20% circuit breaker, 100% for all else
Future - Margin Intraday Squareoff (MIS)
50% for all securities
Option
100% for selling, 100% premium amount for buying options
RKSV Margins in Delivery / Cash N Carry (CNC) Trading
Product
Margin Required
Equity CNC
100%
Future
100%
Option
100% for selling, 100% premium amount for buying options
RKSV's Membership Information
RKSV NSE Membership
Capital Market (CM) - INB231394231
Future & Options (F&O) - INF231394231
Currency Derivatives (CDS) - INE231394231
RKSV BSE Membership:
Capital Market (CM) - INB011394237
Future & Options (F&O) - INF011394237
CDSL: IN-DP-CDSL-00283831
NSDL: IN-DP-NSDL-11497282
(Note: Information Last Updated: 4/2/2013 7:51:00 AM)
Needs to improve in website development, Charts to be more effective.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Above Average Overall Experience - Above Average
9. vandanavarsha Apr 15, 2013 8:05:37 AM IST | Reply
freedom plan in rksv is very helpful for traders like me due to no brokerage I can easily square off all my trades n no of times and enter new trades really it is freedom for me
excellent brokerage but application support and customer service is worst so you will loose money ratherthan making money just becasue of worst support team who doesnt understand the importance of time value of money.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Above Average Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
4. Kashiprasad Murarka Oct 21, 2012 5:33:52 PM IST | Reply
I have opened trading a/c with RKSV in Aug 2012 and found excellent services in all respects.
Many posts on this are on traderji. Breakeven is after 100 F&O trades on Zerodha. Cash it depends like you said. 20 Rs has service tax of 12.3% and so does 1947. Brokerage calculator is on both sites. Transaction charge is lower on RKSV.
1. Deepak Agarwal Aug 29, 2012 12:22:39 PM IST | Reply
What is the breakeven point between RKSV and Zerodha?
Ideally at Rs 20/trade if I do over 110 trades (Rs 2200) in a month then it makes sense to RKSV. But with Zerodha also not all trades are changed at Rs 20 as their brokerage changes are "0.01% or Rs. 20 per executed order, whichever is lower".
Sharekhan
RKSV Stock Broker - 
