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Open RMoney Account (RMoney Account Opening Process, Documents and Charges)

6,250 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 2024

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.

Trading Account Opening ChargesRs 0 (Free)
Account AMC ChargesRs 299 (Free for first year)
Demat Account Opening ChargesRs 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:

  • Trade unlimited across segments at flat Rs 999 per month
  • Trade regardless of trade size at flat Rs 9 per trade

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.

Raghunandan Money Facts

  • Incorporated in 2004
  • Member of SEBI, BSE, NSE, MCX, NCDEX, and CDSL
  • Raghunandan Money is an awarded stock broker. The broker has received the prestigious " Times of India Brand Excellence Award- 2015", and "Commodity Broker of the Year 2016-2019" for three consecutive years
  • Raghunandan Money offers Freedom Zero Brokerage Plan wherein you can choose between flat Rs 9 per trade or flat Rs 999 per month brokerage plan as per your trade requirements
  • The broker offers advanced algo-trading platforms to its customers
  • You can also explore AI-based investment platforms brought for you in partnership with Alphaniti, Narnolia, WealthDesk, StocksEmoji, etc.

RMoney Product Offerings

  • Online Trading
  • Equity Trading at NSE, BSE
  • Commodity Trading at MCX and NCDEX
  • Currency Trading at NSE
  • Depository Services (Demat Account)
  • Asset Management
  • Algo-Trading Facility

Brokerage Plans Offered by RMoney

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.

  1. Flat Rs 9 Per Trade Brokerage Plan
  2. Flat Rs 999 Per Month Brokerage Plan

Open an Account with RMoney

You can open account with Raghunandan Money in three ways:

  1. Online Account Opening (5 Min Instant and Paperless Account Opening)
  2. Visit Raghunandan Money's Branch Offices
  3. Download and Print PDF Form

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.

1. Online Account Opening (5 Min Instant & Paperless Account Opening)

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:

  1. eKYC (Know Your Customer)
  2. eSignature (Aadhar based electronic signature on your form)

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):

  1. AADHAR Card
  2. PAN Card
  3. Address Proof
  4. Latest Bank Statement with IFSC/MICR Code
  5. Canceled Cheque
  6. Passport Size Photo (Scanned/Digital)

Steps for digital account opening (online trading and demat account)

  1. Visit On the home page click the three lines of the top right. From the drop down menu click on "5 Min Account Opening"
  2. Enter your email address and phone number on online account opening page
  3. Provide your basic info like name, date of birth, PAN Number, etc for eKYC (Know Your Customer)
  4. Verify the information pulled from Central KYC Registry
  5. Validate your AADHAR OTP to fetch your details from UIDAI
  6. Electronically sign the account opening documents
  7. On receipt of the confirmation to the eSigned form, your account gets opened

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

  • The paperless process makes the account opening hassle-free.
  • If you could verify OTP send to AADHAR linked phone number, the account opening takes just a few minutes.
  • Support documents are also digitally signed. No printing or signing documents.
  • It is fast, secure and a convenient process.

2. Download PDF Forms

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.

3. Visit Raghunandan Money Office Branch

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.

Check Account Opening Status

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.

Account Opening PDF Forms

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

Account Closing

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

  1. Go to RMoney's Website
  2. In the footer section look for and click on "Download and Resources"
  3. Go to "Search Tab" in the downloads section and search for "Closure"
  4. You will get the link to "Account Closure Format- Trading And DP"
  5. Download and print this account closure application PDF
  6. Fill the application form
  7. Attach a self attested copy of your ledger
  8. Sent it to Raghunandan Money's office address mentioned in the application


  • The application form will be processed in 3 days from the date of form receipt
  • The balance funds and demat holdings are transferred to designated account mentioned in the account closure form
  • The account closure intimation and final statement of the accounts for the fund and demat holdings are sent to the client through registered post

Also Note:

  • The account cannot be closed online, through email or through phone calls.
  • The physically signed application form should be submitted. The self-attested copy of your ledger is required.
  • If there are multiple account holders on the account, each one has to sign on the account closing form.

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.

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Open Instant Demat Account Read Reviews

Frequently Asked Questions

  1. 1. How much time does it take to open an account with RMoney?

    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.


  2. 2. What kind of margins does Raghunandan Money provide?

    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.


  3. 3. Why does RMoney require a Power of Attorney (PoA) to open a demat account?

    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.


  4. 4. What documents are required to open a demat account with RMoney?

    You must keep following documents scanned to quickly finish your online account opening application:

    • Aadhaar Card
    • PAN Card
    • Canceled Cheque
    • Latest Bank Statement with IFSC/MICR code.


  5. 5. How to close Rmoney demat account?

    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:

    1. Clear any outstanding balance
    2. Transfer securities in other demat accounts
    3. Return any unused delivery instruction booklet slip back to DP

    Steps to close Rmoney Account:

    1. To download the form, click on the 'Download' link in the footer
    2. In search box search for 'Closure'
    3. It will show you the link to 'Commodity, Equity, Currency trading account closure – format'
    4. Click on Download and print the pdf
    5. Or click here to 'Download the form'
    6. Fill the application
    7. Send it to the given address on the form

    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.


    • The processing time for account closing within 3 days of the form receipt.
    • The balance fund and demat holdings are transferred to the designated account mentioned in the account closer form.
    • The account closure intimation and final statement of the accounts for the fund and demat holdings are sent to the client through registered post.


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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