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Bajaj Finserv Vs RMoney (Compare Bajaj Finserv and RMoney)

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities Ltd

Raghunandan Capital Pvt Ltd Logo

About RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Bajaj Finserv Vs RMoney

Incorporated in 2010, Bajaj Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Bajaj Finserv RMoney
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2010
Number of Branches 6
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Bajaj Finserv Vs RMoney Charges & AMC

Bajaj Finserv trading account opening charges is Rs 0 (Free) while RMoney account opening changes is Rs 199. Bajaj Finserv Demat Account AMC Charges is Rs 199 (Free for 1st year) and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

  Bajaj Finserv RMoney
Trading Account Opening Charges Rs 0 (Free) Rs 199
Trading Account AMC Charges Rs 899 per year Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 199 (Free for 1st year) Rs 0 for lifetime (Free)

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Bajaj Finserv Vs RMoney Brokerage

Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

Account Type Bajaj Finserv Freedom Plan RMoney Zero Brokerage Plans
Fixed Charges Rs 0 NA
Equity Delivery 0.10% Rs 0 (Free)
Equity Intraday Rs 17 per order Rs 18 per executed order or .01% whichever is lower
Equity Futures Rs 17 per order Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 17 per order Rs 18 per executed order or .01% whichever is lower
Currency Futures Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 18 per executed order or .01% whichever is lower
Commodity Futures Rs 18 per executed order or .01% whichever is lower
Commodity Options
Special Offer
Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.

Zerodha (Trade with the best stock broker)

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.

Bajaj Finserv Vs RMoney Brokerage Plan 2

  Bajaj Finserv RMoney
Account Type Professional Pack Happy Service Plan
Fixed Charges Rs 2500 per year NA
Equity Delivery Rs 10 per order 0.10% to 0.40%
Equity Intraday Rs 10 per order 0.01% to 0.04%
Equity Futures Rs 10 per order 0.005% to 0.02%
Equity Options Rs 10 per order Rs 20 to Rs 80 per lot
Currency Futures 0.005% to 0.02%
Currency Options 0.005% to 0.02%
Commodity Futures 0.005% to 0.02%
Commodity Options
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Bajaj Finserv Vs RMoney Brokerage Plan 3

  Bajaj Finserv RMoney
Account Type Bajaj Privilege Club Zero Brokerage Plans
Fixed Charges Rs 9999 per year NA
Equity Delivery Rs 5 per order Rs 0 (Free)
Equity Intraday Rs 5 per order Rs 18 per executed order or .01% whichever is lower
Equity Futures Rs 5 per order Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 5 per order Rs 18 per executed order or .01% whichever is lower
Currency Futures Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 18 per executed order or .01% whichever is lower
Commodity Futures Rs 18 per executed order or .01% whichever is lower
Commodity Options
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Bajaj Finserv Charges Vs RMoney

Minimum Brokerage Rs 5 for Equity Delivery & Intraday Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 20 per trade Rs 0 (Unlimited Calls)

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Bajaj Finserv Vs RMoney Transaction Charges

Bajaj Finserv transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

  Bajaj Finserv RMoney
Equity Delivery NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures NSE Rs 225 per Cr (0.00225%) NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options NSE Rs 5325 per Cr (0.05325%) (on premium) NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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Bajaj Finserv Vs RMoney Leverage (Margin)

Bajaj Finserv margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the RMoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bajaj Finserv RMoney
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Bajaj Finserv and RMoney Features

The trading platforms offered Bajaj Finserv include BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website). RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Bajaj Finserv RMoney
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 PM Equity 3:15 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features
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Bajaj Finserv Vs RMoney Review

Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews whereas RMoney is rated 3.2 of 5 based on 5 customer reviews.

  Bajaj Finserv RMoney
  13 Customer Reviews    Rate Bajaj Finserv 5 Customer Reviews    Rate RMoney
Fees 2.7 4.4
Brokerage 3.4 4.2
Trading Platform 3.0 3.4
Customer Service 2.8 3.8
Research Capabilities 2.0
Overall Ratings Rated 3.2 stars Rated 3.2 stars
Broker Rating Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews RMoney is rated 3.2 of 5 based on 5 customer reviews

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Contact Broker / Request A Call Back

  Bajaj Finserv Enquire RMoney Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!. 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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Bajaj Finserv Vs RMoney Investment Options

  Bajaj Finserv RMoney
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Corporate FD, Life Instance, General Insurance

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Bajaj Finserv Vs RMoney Order Type Offered

  Bajaj Finserv RMoney
Bracket Order Yes Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No Yes
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Bajaj Finserv Vs RMoney Research Report

  Bajaj Finserv RMoney
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes

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Bajaj Finserv Vs RMoney Suitable For Investor Type

  Bajaj Finserv RMoney
Casual Investor Yes
Active Investor Yes
Trader Yes Yes

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Bajaj Finserv Vs RMoney - Pros and Cons

  Bajaj Finserv RMoney
Pros
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
Promo / Offers

Bajaj Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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