Unlimited Trading @ Rs 899 per month - Prostocks

RKSV Broker FAQs (Frequently Asked Questions)

Published on Thursday, March 14, 2013 by Chittorgarh.com Team | Modified on Wednesday, July 10, 2019

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RKSV Broker FAQs (Frequently Asked Questions)

RKSV (Upstox) is a leading online stock broker in India. RKSV offers equity and commodity trading services at discount brokerage fee. RKSV was incorporated in 2011. Read Frequently Asked Questions (FAQs) about RKSV.

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  1. 1. How is RKSV broker? How safe they are? Are they genuine and reliable?

    RKSV is a Mumbai based discount stock broker. RKSV started offering online stock trading services in May 2009. In recent years RKSV has managed to get thousands of traders on board because they offer multiple budget brokerage plans to India Stock Market investors.

    RKSV also has a branch in New Delhi and employee over 60 people as of March 2013.

    RKSV is as credible and safe as any other brokers in India i.e. ICICI Direct or Sharekhan. They are registered with SEBI, BSE & NSE and regularly audited by them. RKSV is authority broker of NSE and BSE.

    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. CDSL: IN-DP-CDSL-00283831
    4. NSDL: IN-DP-NSDL-11497282

    By looking at the savings in brokerage with them (60-80% saving on brokerage); many traders feel that they may be scam. But that's not true. RKSV is a reliable and genuine broker who is in business since 2009.

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  2. 2. Is RKSV registered with SEBI?

    Yes, RKSV is registered with SEBI. They are also a registered broker with BSE and NSE and regulated by SEBI like any other broker in India i.e. ICICI Securities, Reliance Securities etc.

    You can find this information on SEBI website at http://www.sebi.gov.in/sebiweb/home/pmd_mb.jsp?PmdIndxName=RKSV&listCode=E

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  3. 3. Is it safe to trade with RKSV?

    Yes...Absolutely. They are like any other broker in India i.e. Reliance money or Kotak Securities.

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  4. 4. Who are RKSV Competitors? Can I have a list of cheap brokers in India?

    RKSV is a discount online broker offering Equity and Currency trading services in India. Other discount brokers i.e. Zerodha, RK Global, Compositedge, smart trade online, sas online etc. offers discount broker services in different way.

    Here is the list of the discount brokers in India and there detailed comparison at following address.

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  5. 5. Who is better Zerodha or RKSV?

    Both Zerodha and RKSV are discount brokers offering online stock trading to India stock market investors. They have different offering and it's up to you to choose which one is best suited for your requirement.

    We suggest you to carefully compare them and decided.

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  6. 6. RKSV and RK Global same?

    No, RKSV and R K Global are two different brokers. Both RKSV and RK Global are Mumbai based discount brokers offering unlimited trading plans.

    Visit RKSV Broker detail page and RK Global detail page for more info.

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  7. 7. What is RKSV toll free number?

    RKSV doesn't have a toll free number. You can reach their Mumbai Branch at 022 6130 9999 or Delhi Branch at Tel: 011 4359 6031.

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  8. 8. What is full form of RKSV?

    RKSV is named after its founder name; Raghu Kumar, Ravi Kumar and Srinivas Viswanath.

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  9. 9. Explain RKSV Dream Plan?

    Note: As of Jan 26, 2016 - RKSV no more offer this plan.

    Dream 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 with no fixed monthly fees.

    In this plan you can trade in BSE and NSE Intraday cash, equity future & options and currency future segments for Rs. 20 per trade.

    In BSE Cash Delivery and NSE Cash Delivery segments; you can trade at Rs. 20 per trade.

    Customer doesn't have to pay fixed monthly charges to be in this plan.

    This plan to suitable for:

    1. Active Investors, who buy and sell shares & derivatives more frequently than basic investors, and for
    2. Casual Investor, who buy and sell shares occasionally and use a long term strategy.

    Facts about RKSV Dream Plan:

    • No monthly fee. No annual maintenance fee.
    • No minimum balance required.
    • No software charges. You get mobile, web, and EXE platforms for free.
    • Trading is available across all segments at same easy pricing.
    • The standard statutory charges (fees and taxes) including Securities Transaction Tax (STT), Transaction Charges, Service Tax, Stamp Duty, Education and Higher Education Cess and SEBI Turnover Fees are applied.
    • This plan is pay-as-you-go trading plan.

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  10. 10. Explain RKSV Pro Plan?

    Note: As of Jan 26, 2016 - RKSV no more offer this plan.

    This Plan lets you do unlimited trading in different Segment for different fixed monthly fee.

    Apart from this, you will not be charged any brokerage, but you will be charged all the statutory charges which are charged by the Exchanges and Government of India. Statutory charges include STT, Turnover charges, Service Tax, Education Cess, Higher Education Cess, Stamp Duty and SEBI Turnover fees.

    This plan to suitable for:

    1. Trader, who buy and sell in particular segment can choose the plan as per their requirement.
    2. Active Investors, who buy and sell more frequently than basic investors.

    Facts about RKSV's Pro Plan:

    • RKSV Pro plan further categorized in three plans. Investor can select the plan aa per their requiremnet. Rs 3999 plan offers unlimited trading on Cash (Equities), Futures and Options segments, Rs 1999 plan offers unlimited trading on NSE Currency Futures and Options segments and Rs 2999 plan offers unlimited trading on MCX Commodity Futures segments.
    • The plan cost Flat fee + 12.36% service tax.
    • The standard statutory charges are extra.
    • No annual maintenance fee.
    • You are free to use any trading platform including mobile, web, and EXE platforms for free.

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  11. 11. Can I switch from RKSV Pro Plan to Dream Plan?

    Note: As of Jan 26, 2016 - RKSV no more offer these plan.

    Yes, you can switch different plans at anytime to suite your requirements.

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  12. 12. What are the charges for opening trading and demat account with RKSV?

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

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  13. 13. How much does RKSV Call & Trade cost?

    At RKSV Call and Trade are charged additionally at Rs. 20 per executed order (inclusive of taxes).

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  14. 14. How to open accounts with RKSV? Provide the steps to open an account with RKSV?

    The process of opening account with RKSV is very simple and quick. Please leave your contact information and RKSV representative will call you in next few hours.

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  15. 15. How long does it take to open an account with RKSV?

    Once RKSV receives the application; it takes just one day to open the account.

    Filling and printing the forms on your side, collecting the required documents and sending them to RKSV may take 3-5 days.

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  16. 16. How many documents are needed to open a trading account RKSV?

    Along the forms provided by RKSV for account opening following documents are required to open a trading account with RKSV:

    • 1 Passport Size Photo
    • Photocopy of PAN card with signature
    • Photocopy of address proof with signature
    • Photocopy of last 6 months bank statement (should be an active account with sufficient balance) or last year's Income Tax Return (ITR) or last 6 month's salary slip with signature
    • Cancelled cheque to tie your primary banking account
    • Account opening fees cheque for Rs. 250 made payable to "RKSV Securities India Pvt. Ltd."

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  17. 17. Does RKSV offer 3-in-1 account?


    RKSV is a discount broker offering services mainly in stock and currency trading. They do not provide banking and depository services.

    You can use any bank of your choice to transfer fund to and from you RKSV trading account.

    RKSV offers demat account through IL&FS DP Services. ILFS Securities Services Ltd is a well known and respected financial firm in India.

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  18. 18. Where is RKSV Hyderabad branches?

    RKSV has offices in Mumbai and Delhi. As of now they don't have branch offices in Hyderabad, Cochin (Kerala), Pune, Ahmadabad, Chennai (Tamilnadu) or any other cities.

    RKSV is slowly expanding its footprint and have plans to open branch offices in other cities in near future.

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  19. 19. How do I get RKSV franchise or brokership?

    RKSV is an online broker. As of March 2013; RKSV doesn't have any franchises. They have branch offices in Mumbai and Delhi.

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  20. 20. How much margin does RKSV offers in different segments?

    RKSV Margins in Intraday Trading
    ProductMargin 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
    Option100% for selling, 100% premium amount for buying options

    RKSV Margins in Delivery / Cash N Carry (CNC) Trading
    ProductMargin Required
    Equity CNC100%
    Option100% for selling, 100% premium amount for buying options

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  21. 21. Does RKSV provide margin for exchange traded funds (ETFs)?

    No, RKSV doesn't offer margin for ETFs i.e. Nifty BEES.

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  22. 22. Does RKSV provide margin against shares?

    No, they don't provide margin against shares.

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  23. 23. Does RKSV offers facility to place cover orders in F&O?

    Yes, RKSV allows cover order facility.

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  24. 24. Does RKSV Securities have currency trading?

    Yes, RKSV offers currency trading facility under its Currency 1,999 plan. The Currency 1,999 Plan lets you do unlimited trading on NSE Currency Segment for Fixed Rs 1,999 per month fees.

    You can also trade in NSE Currency Segment under The Dream Plan which offers trading brokerage at Rs. 20 per trade.

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  25. 25. Does RKSV offer commodity trading?

    Yes, RKSV offers cheapest and excellent commodity trading platform. They have 2 different plans; one for active traders which allows unlimited trading for fixed Rs 2,999 per month and another for casual trader where you pay Flat Rs 20 per trade.

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  26. 26. Does RKSV provide mobile stock trading?

    Yes; RKSV provide facility to trade through mobile devices along with the web and exe based trading terminal. All these trading platforms are available for free. RKSV uses NSE Now trading software.

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  27. 27. Does RKSV charge for using mobile, web, and EXE platforms?

    No, all the trading platform are available for free to its customers.

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  28. 28. I do trade in Intraday Cash? Do I need a demat account?

    Yes, if you are planning to trade in cash segment; you should have a demat account. It doesn't matter if you are buying and selling on the same day (intraday trading in NSE / BSE Cash Segment).

    Good news is you don't have to open the demat account with RKSV. You can have an existing demat account linked to RKSV trading account.

    RKSV has partnership with IL&FS for demat account.

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  29. 29. Does RKSV offer 24x7 customer support?

    No, RKSV doesn't provide 24x7 customer support. Customer support is available on Monday's to Friday's between 8am - 7pm and on Saturday's between 10am - 2pm.

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  30. 30. Does RKSV have a plug-in available for Amibroker?

    Yes, RKSV has a plugin available for Amibroker. The tool is called Bridge For AmiBroker. It allows advance traders to write strategies on AmiBroker AFL & place trades on Upstox.

    It offers:

    1. Seamlessly integrate with Upstox so you can generate orders from AmiBroker AFL
    2. Order signals sent can be viewed on web and mobile platform for quick execution
    3. Market data feed plugin at an unbeatable price

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atul karkhelikar
11. atul karkhelikar  Sep 24, 2017 08:25 I Like It. | I Don't Like It. | Report Abuse Reply
i have open account with you. and uploaded the upstox mobile app now i want to start trading. can you provide me the consultancy. if u are providing the consultancy then what is the charges per month. if u are not provide the same can u give me the list of consultant who will support me as which share i have to take ? and i should know the upstox software.
11.1. ANIL KUMAR TRIPATHI  Nov 22, 2017 21:26 I Like It. | I Don't Like It. | Report Abuse
I am New so I can not understand your software
Please tell me about this and I am interested in long term investment
10. Senthil  Dec 19, 2015 15:18 I Like It. | I Don't Like It. | Report Abuse Reply
If I place a order for 1000 shares and shares are sold to me in say 10 parts, do I have to pay Rs.200.00 or Rs. 20.00
10.1. counter  Feb 13, 2016 11:17 I Like It. | I Don't Like It. | Report Abuse
you have to pay 20₹ or 0.02% per part (trade) whichever is lower. you have to pay 200 for 10 part ( trade). so go for big quantity..
9. pramodjain  Dec 14, 2014 11:42 I Like It. | I Don't Like It. | Report Abuse Reply
hi,which low brokrage ferm provide margin for carryforword f&o potision against holding demat stock for eximple my broker motilal oswal provide my 10 lack holding stock get 6lack margin for caryforwad f&o potion but motilal oswal brokrage is delivay 0.25,intraday &f&o 0.025,option rs 50 please sugest LOW COST BROKER which provid magin for carryford...thanks
prem sunderdas
8. prem sunderdas  Nov 11, 2014 08:12 I Like It. | I Don't Like It. | Report Abuse Reply
If I place a order for 1000 shares and shares are sold to me in say 10 parts, do I have to pay Rs.200.00 or Rs. 20.00
7. NARESH  Oct 17, 2014 16:49 I Like It. | I Don't Like It. | Report Abuse Reply
1.Can i link my citi bank (Suvidha Salary) account to this trading through RKSV.
2. And as i m newbie for trade. So will i get any guidance to buy and sell the shares ?
6. satyanarayan  Sep 21, 2014 17:03 I Like It. | I Don't Like It. | Report Abuse Reply
Dear Sir,

How much amount is required for nifty future (1 lot)trading in RKSV.

What is the total brokerage Including all taxes)
5. P.Chand  Sep 7, 2014 15:43 I Like It. | I Don't Like It. | Report Abuse Reply
Hi! Iam a housewife and interested in trading,so what will be the criteria to trade.
4. rupesh  Apr 16, 2014 11:26 I Like It. | I Don't Like It. | Report Abuse Reply
For trading 5lots of bank nifty future intraday how much capital is required for opening an account. What are charges for brokerage per lot or have any monthly fix plan.
3. SHASHI KANT SHAH  Jan 6, 2014 09:21 I Like It. | I Don't Like It. | Report Abuse Reply
Do you have any kind of relationship with RK Global previously.
sandeep naik
2. sandeep naik  Aug 23, 2013 13:06 I Like It. | I Don't Like It. | Report Abuse Reply
I want to trade in currency segment. Basically i m a jobber ( lot size 100,) whats the exposure/limet you give on amount of 1 lac.
Sam franklin
1. Sam franklin  Jul 25, 2013 18:16 I Like It. | I Don't Like It. | Report Abuse Reply
Sir can i start commodity trading opening 4000rs

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