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RMoney Demat Account Charges, Review, Opening


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Raghunandan Money (RMoney) is a financial service provider. RMoney offer trading at BSE, NSE, MCX, and NCDEX. RMoney also offers services like Demat Account, MF's, IPO, Insurance, Corp FD's, Bonds, PAN Services and Investor Advisory services.

Demat Account is a key offering from RMoney. The demat account offers a safe, secure and hassle-free investment in Shares, Mutual Funds, IPOs, Bonds, NCDs etc.

RMoney Demat Account is linked with its Trading Account. This 2-in-1 account offers seamless transactions of shares between these two accounts.

RMoney DP Service Provider

RMoney is a depository participant with Central Depository Services India Limited (CDSL). The company provides demat account related services through CDSL.

RMoney CDSL Membership Info:

  • SEBI Registration Number: IN-DP-CDSL-607-2011
  • RMoney DP ID: 12069700

10 Reasons to open Demat Account with Raghunandan Money

  1. Free Account Opening. No account opening charges
  2. Instant paperless account opening. No paperwork required in most cases.
  3. AMC Free Demat account is available.
  4. Basic Service Demat Account (BSDA) is available for holding a value up to Rs 50,000.
  5. 24*7 access to your demat account through an online portal.
  6. Corporate benefits like dividends, bonus, interest etc directly deposited in your demat.
  7. Apply in IPO's online.
  8. Invest online in MFs, Corporate FDs, and Insurance etc.
  9. RMoney is a depository participant with CDSL. CDSL offers cheaper services then NSDL, another DP service provider.
  10. RMoney offers free equity delivery trading and discounted brokerage on all other segments at BSE, NSE, MCX, and NCDEX.

RMoney Demat Acct Opening Fee

To open a new demat account with RMoney, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the RMoney Demat Account Opening Charges and RMoney AMC as below:

  • RMoney DP Account Opening Fee: ₹0 (Free)
  • RMoney DP Account AMC: ₹0 for lifetime (Free)
  • Share Debit Transaction Fee: ₹12 for every debit transaction
  • Is demat account mandatory?: No

RMoney Demat Account Charges

RMoney Demat Fee Explained

ID

Transaction

Charges

1

Demat Account Opening Charges

₹0

2

PoA Stamp Paper Charges

₹0

3

Annual Maintenance Charges (AMC):

 

a. Individuals

Lifetime FREE Demat: ₹0

 

b. Corporates

Lifetime FREE Demat: ₹500

4

Transaction Charges per ISIN (Market Trades):

 

a. Buy (Receive)

₹0

 

b. Sell(Debit)

₹12 for every debit transaction

5

Inter Depository Transfer (Off-Market Trades):

 

a. Buy (Receive)

NIL

 

b. Sell(Debit)

Regular Demat: ₹20 for every debit transaction

6

Dematerialisation Charges

₹20 per DRF + ₹3 per certificate

7

Rematerialisation Charges

₹20 per every 100 securities

8

Courier charges per Demat/ Remat request

Courier charges at actual

9

Pledge per ISIN

₹25 + ₹12 per request (CDSL Charges)

10

Unpledge per ISIN

₹25 + ₹12 per request (CDSL Charges)

11

Pledge Invocation per ISIN

₹20

12

Periodic Statement:

 

a. By Email

Free

 

b. Physical

13

Adhoc / Non Periodic Statement Requests:

 

a. By Email

₹0

 

b. Physical

₹2 per page + Courier charges at actual

14

Delivery Instructions:

 

a. First Delivery Instruction Book

₹0 (free)

 

b. Every Additional Booklet

₹20 (5 leaves)

15

Cheque Bounce/ Per cheque

16

Failed Transactions

₹20 per intimation per instruction

17

Modification in CML

₹20 per request

18

KRA Upload / Download

₹20 per request

Frequently Asked Questions

  1. 1. Is Demat Account mandatory with RMoney?

    The demat account is mandatory to trade or invest in the stock market, mutual funds and IPOs. The Demat account is not needed if you are only planning to trade in F&O (Equity, Commodity or Currency).

    Discuss this question

  2. 2. Who can open a demat account with Raghunandan Money?

    Individual (an adult or a minor), Resident or NRI, HUF, Trust, and Corporate can open a demat account with RMoney.

    Discuss this question

  3. 3. Does RMoney offer a Minor Demat Account?

    Yes, a demat account can be opened on the name of Minor.

    In case of a Minor account, the legal guardian (either of the parents) has to be appointed. The documentation of the guardian has to be provided at the time of account opening.

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  4. 4. Can I open a joint demat account with RMoney?

    Yes, a joint demat account can be opened with RMoney with 2 or 3 joint holders.

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  5. 5. What is LifeTime FREE AMC Demat Account offered by Raghunandan Money?

    Demat account service providers charge Annual Maintenance Charges (AMC) from the customer, irrespective to you do any transaction or not. This amount ranges from Rs 300 a year to Rs 1200 a year.

    Raghunandan Money offers a lifetime zero AMC demat account. To avail, this facility customer has to pay Rs 2499 at the time of opening a demat account. Out of this Rs 2000 is refundable at the time of account closing after 1 year.

    The customer doesn't have to pay yearly fees (know as AMC) in this plan.

    Discuss this question

Information about RMoney demat account, RMoney demat account review, RMoney demat account charges, RMoney demat account opening, RMoney dp charges, RMoney demat charges, and RMoney dp id.

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Information on this page was last updated on Tuesday, October 1, 2019


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