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 RKSV Stock Trading, Demat, Brokerage and Reviews



Incorporate in 2009, RKSV is Mumbai, India based discount broker offering multiple budget brokerage plans to India Stock Market investors. RKSV is popular for it's Dream plan which allows their customers to do 5 free trades each month across any segment. Those segments include equities, Futures, Options, Currencies, and Commodities. After 5 free trades they charge you a flat fee per trade for each subsequent trade (Rs. 20 per trade). Detail of other RKSV brokerage plans is available below.

Like other online stock trading companies, RKSV Securities provides trading services to buy & sell stocks, futures & options online. RKSV Commodities provides trading services to buy & sell commodities online for cheaper brokerage.

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 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 Rated 4.50 / 5 based on 34 customer reviews

Overall Rating Fees Brokerage Usability Customer Service
Rated 4.5 stars Rated 4.2 stars Rated 4.6 stars Rated 3.9 stars Rated 4.4 stars Rate RKSV

RKSV's Trading Platforms

RKSV 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 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 (5 free trades per month and Flat Rs 20 per trade afterwards)

    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 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. This plan is ideal for active traders who trade at least once 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.

    Note that 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 -
    • 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 10 Rs/Crore 10 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. 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
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. 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 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. 400/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 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):

  1. Call and Trade feature is available at an extra cost of Rs 25/- 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's transaction or turnover charges are among the one of the lowest in the discount brokerage industry. They charge 30 - 40% less than competitors.
  2. 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).
  3. Mix and match of different plans is possible. A client can sign up for (Pro Plan and Dream Plan for currencies).
  4. RKSV also provides unlimited trading across the MCX commodity segment for one low flat monthly fee of Rs 2999 per month.
  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 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.

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: 4/5/2014 10:35:00 PM)

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RKSV Securities Ltd Reviews

        

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

33.1. Stock CashBack  Apr 03, 2014 3:11:17 AM IST | 

Hi Omprakash,
There are many Discount Brokers. I would advice you RKSV, Compositedge, SAS Online, Zerodha, R K Global.
To reduce your brokerage charge you can check for CashBack here - www.stockcashback.com/rksv

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.

23. Bibhu  Nov 29, 2013 4:45:48 PM IST |  Reply 

Sir, I can trading from mobile..?

23.1. RKSV  Dec 02, 2013 6:05:11 AM IST | 

Yes, we provide free mobile apps for iPhone, Android, Blackberry and Windows.

22. shashank  Nov 23, 2013 2:09:21 PM IST |  Reply 

Hi ,

I having the account with rksv since june 2013 , there services and brokerage are reasonable .I trade in both NSE and MCX .But when ever i suggest somebody for it the only question that is put infront of me is how they can trust rksv as they dont have grip over the business like other brokerage firm ,so i always tell them u need to trust becaonce share khan etc were at the same pitch also if nse and mcx has allowed them to setup there firm definately let will be eligible for it .

Wishing them best of luck !!!

21. Shobhit Soni  Nov 13, 2013 1:14:19 PM IST |  Reply 

I am having account in RKSV after being harrassed by the services of other 5 securities ltd companies. RKSV is really good in services and guidance. I fully trust and appreciate rksv securities. Wishing All the best for their company.

20. Amol  Oct 24, 2013 7:29:42 PM IST |  Reply 

Hi everyone

rksv has a great support team that has helped me a lot with understanding options. the rms team is very knowledgable with margin and strategy requirement. i highly recommend them.

19. Ajay  Sep 14, 2013 4:51:03 PM IST |  Reply 

It was july 2013 i was planning to open the trading account but rksv is not on my mind. After some research i opened securities trading account with rksv for future and option only. And now its september 2013 i have opened the commodity trading account, demat account with the team rksv all thanks to their amazing service and support. According to me they are the best in this field. Thanks to team rksv. you guyz are doing excellent work. keep up the good work. good luck

18. Yogesh V. Abhyankar  Sep 10, 2013 5:56:12 PM IST |  Reply 

Pune

10-Sep2013


Dear Sirs,

I opened my RKSV Trading a/c with you sometime Last year in July 2013 or so.

-      My experience with RKSV right from a/c opening formalities had been really good.
-      Your Team was quite prompt, not only for opening formalities, but later on also.
-      I am not a software man ( not bad also ), your team took control Team Viewer or Ammi and gave me installed.
-      Later on I used to struggle for simple simple things, may be stupid, I used call your office and somebody will explain or just take control and do it.
-      I suppose you should be having huge no. of clients, but after calling on telephone very rarely I had to wait for long time listening to music or recording.
-      If all representatives are busy, I get recording stating what is my no. in queue and appx time I will be attended, not seen such thing anywhere so far.
-      If there is any problem at your end, your representatives frankly accept that there is some problem at you end, which I consider very humble, Very Good Culture, all other places they just first refto accept that there is some fault at their end and client is made to struggle and fight and produce some evidence.
-      Money Transfer from Bank a/c to trading a/c is very prompt everywhere, But for Money Transfer from Trading a/c to Bank a/c, I was surprised to see money in my Bank a/c in 1 Hour once working hours started and that too on Saturday.
-      Whenever any e mail is sent , it is addressed by RKSV same working day or at the most Next Day. ( I have to really strain my memory to recollect if there was any delay )
-      Whenever I am away from Home and have some positions, your office has always carried out trades on tel call.
-      Most Important your Representatives always talk in very cheerful and helping manner.

Thx n Brgds
Yogesh V. Abhyankar

17. Nitish  Aug 21, 2013 2:13:43 AM IST |  Reply 

Hello,
I am novice in this field. Will anyone of u plz guide me. I want to open demat and trading account with lowest account opening almost NILL). Which depository is best suited for me as I want to start with stability and small transactions.

16. kuldeep yadav  Aug 05, 2013 10:15:34 AM IST |  Reply 

provide better services and discount plans compare than others.

Ratings:

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

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