Geojit Vs RMoney (Compare Geojit and RMoney)
The side-by-side comparison of Geojit and RMoney. Compare Geojit Vs RMoney brokerage, charges, exposure margin, demat account. Read RMoney and Geojit review.
Find out Geojit Vs RMoney which is better and Geojit Vs RMoney which is best.
Our Geojit BNP Paribas comparison with Raghunandan Capital Pvt Ltd highlights the major differences between two brokers. Find the best between Geojit and RMoney.
Geojit Vs RMoney
Geojit
RMoney
Find more info about broker
About the Broker
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf.
Geojit BNP Paribas is cash equity and derivatives broker with extensive experie...
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...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX-SX
BSE, NSE, MCX, NCDEX
Account Type
Online Trading
Zero Brokerage Plans
Broker Enquiry
Year of Incorporation
1987
Number of Branches
509
Enquire Geojit
Enquire RMoney
Geojit Vs RMoney Charges
Geojit
RMoney
Trading Account Opening Fees
₹425
₹0 (Free)
Trading Account AMC
NIL
₹0 (Free)
Demat Account Opening Fees
NIL
₹0 (Free)
Demat Account AMC
₹0
₹0 for lifetime (Free)
Demat Account is Mandatory?
No
No
Geojit Vs RMoney Brokerage
Brokerage Plan 2
Geojit
RMoney
Account Type
Online Trading
Happy Service Plan
Fixed Charges
NA
Equity Delivery Brokerage
0.30%
0.10% to 0.40%
Equity Intraday Brokerage
0.03%
0.01% to 0.04%
Equity Futures Brokerage
0.03%
0.005% to 0.02%
Equity Options Brokerage
₹125 per contract
₹20 to ₹80 per lot
Currency Futures Trading Brokerage
0.03%
0.005% to 0.02%
Currency Options Trading Brokerage
₹125 per contract
0.005% to 0.02%
Commodity Futures Trading Brokerage
NA
0.005% to 0.02%
Commodity Options Trading Brokerage
NA
Other Charges
Minimum Brokerage Charges
1p per share or ₹20/contract whichever is higher
₹0
Other Brokerage Charges
Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges
₹0 (Unlimited Calls)
Geojit Vs RMoney Taxes
Geojit
RMoney
Securities Transaction Tax (STT)
Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Geojit Vs RMoney Transaction Charges
Geojit
RMoney
Equity Delivery
₹325 per Cr (0.00325%)
NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday
₹325 per Cr (0.00325%)
NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures
₹210 per Cr (0.0021%)
NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options
₹5500 per Cr (0.05%)
NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures
₹145 per Cr (0.00145%)
NSE, BSE - ₹150 per crore (0.0015%)
Currency Options
₹4730 per Cr (0.0473%) on premium
NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity
NA
MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
Geojit Vs RMoney Exposure Margin
Geojit
RMoney
Equity Delivery
Upto 7x with 22% interest per year
Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday
Upto 10x
20x (5%) (Intraday Only)
Equity Futures
No additional leverage
Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options
No additional leverage
Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures
No additional leverage
Intraday - 100X (1%)
Currency Options
No additional leverage
Intraday - 100X (1%)
Commodity Futures
NA
Intraday - 77X (1.3%)
Commodity Options
Geojit and RMoney Feature Comparison
Geojit
RMoney
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
Selfie Platinum, Selfie Gold, Mobile App
RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time
Equity 3:15 PM
Other Features
Referral Program
Geojit Vs RMoney Review
Geojit
RMoney
97 Customer Reviews
3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Geojit is Rated 3.8 / 5 based on 97 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
Geojit Vs RMoney Investment Options
Geojit
RMoney
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
Corporate FD, Life Instance, General Insurance
Geojit Vs RMoney Customer Service
Geojit
RMoney
24/7 Customer Service
Onine Live Chat
Through Branches
Geojit Vs RMoney Order Type Offered
Geojit
RMoney
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Geojit Vs RMoney Research Report
Geojit
RMoney
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Geojit Vs RMoney Suitable For Investor Type
Geojit
RMoney
Casual Investor
Active Investor
Trader
Geojit Vs RMoney - Advantages and Disadvantages
Geojit
RMoney
Pros
More Advantages...
Offer both discount brokerage as well as full-service brokerage plans.
Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
ODIN trading platform is available free of cost to all customers.
Unlimited free Call & Trades.
Local branches in major cities across North India.
Free tips, research and news alerts.
Online paperless instant account opening.
More Advantages...
Cons
1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions.
2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher.
3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher. More Disadvantages...
Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
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.
Margin funding is not available.
GTC/GTD not available in Equity.
NRI Account is not available.
More Disadvantages...
Reviews
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Promo / Offers
Lifetime FREE AMC Demat Account + Free Call & Trade
Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
Zerodha
Zero Account Opening Fee