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RKSV Demat Account Charges Explained

Published on Tuesday, January 27, 2015 by Chittorgarh.com Team | Modified on Sunday, October 30, 2016

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RKSV Demat Account Charges Explained

RKSV, the India based discount broker offers share, commodity and currency derivatives trading services at BSE, NSE and MCX.

Unlike most discount brokers in India, RKSV also offers 'Demat Account' to its customers. In other words, RKSV have in-house DP which offers services to electronically store the shares and securities owned by the investors.

RKSV Demat Account Charges

Demat TransactionCharges
Annual Maintenance charges (AMC)Rs 0
Transaction charges (Market/Off Market / Inter-depository Transactions)Rs 8 + depository charges at actual
Pledge Charges Creation / Closure and Confirmation of both0.02% of transaction charges subject to a minimum of Rs 50 + NSDL/CDSL charges at actual
Pledge Charges for Invocation0.05% of transaction charges subject to a minimum of Rs 50
Dematerialization ChargesRs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams.
Rematerialization ChargesRs 25 per certificate or 0.05% of the value whichever is higher
SLB ChargesFor Securities Borrowings: Rs 25 + NSDL/CDSL charges at actual
For Securities Lending: Rs 25 + NSDL/CDSL charges at actual
Repurchase / Redemption ChargesRs 25 per transaction + Depository charges at actual
Failed or Rejected TransactionsRs 50 per transaction
Demat Rejection ChargesRs 35 per rejection for every 500 grams
Adhoc / Non periodic statement requestsAdhoc statement requests - Rs 25 (Rs 500 for foreign address) per request up-to 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 + courier / postage charges.
eMail StatementFree periodic bills, transaction statement and other communication through email.
Cheque Bounce chargesCharges applied based on charges as determined by our bankers

 

    Note:
  • Interest @ 18% p.a is charged on the outstanding bill amount if not paid within the due date.
  • Company prefers customers to have RKSV DP as primary Demat account with power of attorney (POA) to RKSV which make the transactions between broker and DP seamless. But customers are free to use other DP's (non-RKSV Demat Account) with the RKSV trading account.

Explanation of Demat Charges with RKSV

The fee structures for different Demat scenarios:

Case 1: If customer have an RKSV Demat account (with POA)

  • On buy, there are no Demat charges and the shares goes to Client DP account
  • On sell, Rs 8 + 5.5 + service tax = Rs. 15.45

Case 2: If customer have beneficiary activated for a non-RKSV Demat Account

As of Dec 2015, RKSV no more offer this facility.

Case 3: If customer don't have beneficiary activated and he has a non-RKSV Demat a/c

  • On buy, there are no Demat charges and the shares go straight to customers DP account.
  • On sell, No charges from RKSV side since RKSV do not allow to sell shares of third party demat.

Know more about RKSV Trading Account, Charges, Review and more...

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