FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
37.38% 6,079 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
RMoney account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. RMoney charge Rs 299 (Free for first year) AMC for Demat account.
Transaction | Charges |
---|---|
Trading Account Opening Charges | Rs 0 (Free) |
Account AMC Charges | Rs 299 (Free for first year) |
Demat Account Opening Charges | Rs 0 (Free) |
Demat AMC (Yealy) | Rs 299 (Free for first year) |
Raghunandan Money (RMoney) is an Agra based SEBI registered financial service provider. RMoney offers a range of financial products including Equity Trading at BSE and NSE, Commodity Trading at MCX and NCDEX, Currency Derivatives Trading at NSE, Mutual Funds Investment, Corporate FD, Life Insurance, General Insurance and Depository Services (CDSL).
RMoney has launched its new brokerage plan called the Freedom Zero Brokerage Plan wherein you can:
This allows the customers to trade online at flat Rs 9 or flat Rs 999 at BSE, NSE, MCX, and NCDEX. Along with flexibility in choosing your brokerage plan you get call n trade assistance from experts, personalized NISM trained dealers, and free trading software (desktop, website, and mobile app), free research tools. Etc.
RMoney has upgraded to a new brokerage plan called the Freedom Zero Brokerage Plan wherein you can choose the brokerage you wish to pay depending on your trading requirements.
You can open account with Raghunandan Money in three ways:
It's very easy to open an account with Raghunandan Money and move your existing holdings to your RMoney Account. You could choose one of the options given below to open an account with RMoney.
You can open an online trading account with Raghunandan Money instantly (it hardly takes 5 mins) if you have your AADHAR linked with your mobile number. The paperless process has two main parts:
In eKYC, you don't have to fill a long KYC form to get your account started. If you have done KYC with any other financial institution (i.e., a bank or another broker) in recent times. Based on the basic information you share (i.e., Name, PAN, and date of birth) all other information needed for your KYC is pulled from your current KYC Database. No in-person verification is needed after successful eKYC.
The Aadhar eSign process provides a digital signature to your account opening form. This works only if you have the correct phone number linked to Aadhar and can confirm through OTP. This is the fast, safe, and convenient way of opening trading and demat account.
What All Do You Need Before Opening an Online Account?
For quick online account opening, you shall keep the following documents ready (scanned and photographed):
Steps for digital account opening (online trading and demat account)
The customer may also have to attach scanned copies of PAN Card, Photo, Bank Statement, etc in case required
Benefits of opening the paperless account
If you would like to open an account by filling up the paper forms, the PDF Account Opening Forms are available online in the download section of RMoney's website. Assistance is available to you over the phone to guide you through the complete account opening process.
You could download, print, fill, sign and courier the forms along with the required identity proof documents to your nearby Raghunandan Money office. If all the documents are in correct order, the account opened within 2 days of receiving the forms.
This process is less preferable as it takes a longer time to open an account.
Raghunandan Money has branch and franchisee offices across major cities in India. You could visit any of these offices to open an account in-person. Visit the 'Contact Us' page of RMoney to find the Raghunandan Money Branch in your city.
For online account opening, you could check the status of your application by visiting the website you used to fill the online application for account opening
If you have submitted the paper forms in the branch, please call customer services or visit the branch to know the account opening status. In the case of paper forms, it takes around two business days to open the account once the form arrives.
Most customers prefer opening an account online. Its instant, paperless and hassle-free.
You could also open an account by downloading the PDF account opening form, requesting a form through courier or visiting a branch to get the forms.
Raghunandan Money PDF Forms are available at.
RMoney Website >> Downloads >> Forms & Formats for customers
Raghunandan Money offers 2-in-1 accounts (a trading and a demat account) to its customers. If you don't need the accounts anymore, you could close them anytime.
Steps for RMoney Account Closing
Note:
Also Note:
Note that follow-up for account closure is important. If you do not get confirmation in 15 days, contact the customer support to check the status.
Once you submit your complete account opening form and upload all the required documents for verification, it takes about one working day to open an account.
Raghunandan Money has 2 different trading plans available to its customers. The exposure available in each of these plans are different. Contact RMoney customer support to understand the margin offered.
You have to submit a physical POA to be able to sell and transfer shares from your demat account through the trading account linked to it. Without PoA, the broker cannot withdraw the shares from your demat account and thus cannot complete the sell transaction.
You must keep following documents scanned to quickly finish your online account opening application:
Raghunandan Money provides trading and demat (2-in-1 account) to its customers. Customer can close his account at any point of time. They just have to follow few steps to close the account. But before submitting the request, the customer has to complete below formalities:
The whole process is completely offline so you need to submit the physically signed form. You cannot close it online or via email. Also if it's a joint account, all account holders have to sign the form.
Note:
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Information on this page was last updated on Wednesday, March 6, 2024
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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