1.3% 7,769 Clients
RK Global is a discount broker offering investment and depository services to the resident as well as non-resident Indian investors. The broker provides a 2-in-1 NRI trading and demat accounts for non-resident Indian investors (NRIs). It offers online trading services in equity, F&O, mutual funds, and bonds to NRIs.
RK Global provides assistance to NRIs in NRE/NRO bank account opening and getting PIS permission. The broker has tied-up with Axis and HDFC bank for the NRI bank account opening. NRIs who do not have Pan card can get assistance from the broker in getting their PAN number.
RK Global charges a brokerage of 0.30 % (minimum 0.02 paise per share on NSE and BSE) on stocks, 0.01% for Futures on NSE, Rs 20 (Rupees twenty)) per lot in Options on NSE.
The stock broker has a dedicated equity research team for the clients to recommend top stocks to invest. It has a 24*7 personalized back office, support desk and offline & online equity desk for NRI clients.
RK Global doesn't offer banking facilities. Although, the broker can help in opening the account with a designated bank. Here are the accounts NRIs have to open with other banks:
NRI investors must hold PAN cards to invest in Indian stock exchanges. RK Global provides assistance to NRIs in getting a PAN card. NRIs who already have a PAN number as a resident Indian, don't need to apply for a new one. They can trade with their existing PAN number.
NRIs have to open NRI SB account with a designated bank to trade and invest in the Indian stock market. NRIs can open NRE/NRO account with Axis or HDFC bank to link with RK Global NRI Accounts.
With the help of designated banks (HDFC/Axis) where you have opened the NRI SB account, NRIs can get PIS permission from RBI. All the transactions made by NRIs in the equity delivery segment with RK Global under PIS are reported to RBI by HDFC or Axis bank.
RK Global is registered as a trading member with the exchanges. And, SMC Global Securities Ltd works as a custodian for the broker. All the trades made under the equity derivative category are cleared by SMC Global. Before opening an account with RK Global, NRIs have to open a custodial account with SMC Global for trade settlement.
RK Global offers NRI 2-in-1 account for non-resident Indian investors including trading and Demat account.
In India, a Demat account is mandatory to hold the securities in electronic format. RK Global offers NRI Demat account with NSDL (National Securities Depository Limited).
RK Global offers an NRI trading account to place buy and sell requests across BSE and NSE. With the trading platform, NRIs can track the performance, do fundamental and technical analysis, and check the live quotes.
After opening NRI Accounts with RK Global, NRIs can invest in equity delivery segment by taking the following steps:
First, NRIs have to transfer funds from their NRI Savings Bank account to the PIS account. After receiving the funds in the PIS account, the bank informs the broker to update the balance in the NRI trading account.
Place buy or sell requests through the NRI trading account. After receiving the order, the system checks the funds or shares available in the NRI bank account or Demat account, respectively. If everything is correct, the order is executed on the stock exchange.
Based on the order type, the NRI bank and Demat accounts are updated accordingly. If it is a buy order, the NRI bank account is debited with funds and the Demat account is credited with shares. Opposite to it, the NRI bank account is credited with funds and the Demat account is debited with shares when it is a sell order.
All the transactions are informed to the bank by the broker. At the end of the day, the bank reports RBI through a buy and a sell contract note separately.
RK Global NRI brokerage charges for trading in Equity and Equity Derivatives.
Transaction | Fee |
---|---|
NRI Account Opening Charges | |
NRI Account AMC | |
Equity Delivery Brokerage | ₹0.02 paisa per share / 0.30% whichever lower |
Equity Future Brokerage | 0.01% |
Equity Options Brokerage | ₹20 per lot |
Other Charges |
RK Global trading software for NRIs are as follows:
The investment options available to an NRI at RK Global.
Investment Option | Status |
---|---|
Stocks | Yes |
Mutual Funds | Yes |
IPO | |
Others |
RK Global offers a 2-in-1 account for NRIs. The broker also helps in opening the NRI SB account with Axis and HDFC Banks. Here is the process on how to open NRI account with RK Global:
IPV can be carried out by RK Global official or Indian Embassy. If NRI couldn't come for IPV, notarized documents by Indian Embassy or competent authority (Consulate General/ Court/ Magistrate/ Local Banker in the country where NRI resides) may also be permitted.
NRIs have to submit photocopies of the following documents to open RK Global trading and Demat account:
Feature | Status |
---|---|
3-in-1 Account | No |
Free Research and Tips | |
Automated Trading | |
Other Features |
RK Global offers a mutual fund investment platform for NRIs. It has a separate section for MF news where investors can check the latest updates about a mutual fund scheme.
RK Global NRI Support Desk contact information. Find RK Global NRI contact number.
RK Global NRI Helpline | Number |
---|---|
RK Global NRI Customer Care Number | |
RK Global NRI Customer Care Email ID |
RK Global offers is a good choice for NRIs specially for new investors who may need assistance in opening different types of accounts. The broker offers a 2-in-1 account to NRIs, research services and assistance in opening the NRI bank account with the designated bank and getting PAN card. NRIs can trade with ease in equity, equity derivatives, mutual fund, IPO and bonds through the online trading platforms offered by the broker.
NRIs can get sale proceeds in separate accounts based on repatriable or non-repatriable nature. The sale proceeds on a repatriation basis may be credited in the NRE/NRO/FCNR account of the NRIs. While sale proceeds of a non-repatriable investment are credited in the NRO account only.
No, the NRIs don't need to provide Indian address.
They have to provide the foreign address with supporting documents while client registration. But, they can also provide a local address as a correspondence address while client registration. In this case, they also have to provide supporting documents for the local address.
RK Global charges 0.30 % or a minimum of 0.02 paise per share for investing in the equity delivery segment. Whereas for future and options, the broker charges 0.01% and Rs 20 per lot, respectively.
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Information on this page was last updated on Tuesday, June 30, 2015
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