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Bajaj Financial Vs RMoney (Compare Bajaj Financial and RMoney)

Bajaj Financial Securities Ltd Logo

About Bajaj Financial
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 an Gift City, Gandhinagar, Gujarat-based financial service provider. The company offers a range of financial products and services. These include Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds, and Corporate FDRs. 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 and 4% of MCX turnover. It has ... Know more about Raghunandan Capital Pvt Ltd

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Bajaj Financial Vs RMoney

Incorporated in 2010, Bajaj Financial 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 Financial 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 Financial Vs RMoney Charges & AMC

Bajaj Financial trading account opening charges is Rs 0 (Free) while RMoney account opening changes is Rs 0 (Free). Bajaj Financial Demat Account AMC Charges is Rs 199 (Free for 1st year) and RMoney Demat Account AMC Charges is Rs 299 (Free for first year).

  Bajaj Financial RMoney
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 899 per year Rs 299 (Free for first year)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 199 (Free for 1st year) Rs 299 (Free for first year)

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Bajaj Financial Vs RMoney Brokerage

Bajaj Financial brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order whereas RMoney brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

Account Type Bajaj Financial Freedom Plan RMoney Rs 9 Per Trade Plan
Fixed Charges Rs 431 per year NA
Equity Delivery Rs 20 per order Rs 9 per executed order
Equity Intraday Rs 20 per order Rs 9 per executed order
Equity Futures Rs 20 per order Rs 9 per executed order
Equity Options Rs 20 per order Rs 9 per executed order
Currency Futures Rs 9 per executed order
Currency Options Rs 9 per executed order
Commodity Futures Rs 9 per executed order
Commodity Options Rs 9 per executed order
Special Offer
Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) + Rs 0 Demat AMC Open Demat Account Now!.

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.

Bajaj Financial Vs RMoney Brokerage Plan 2

  Bajaj Financial RMoney
Account Type Professional Pack Rs 999 Per Month Trade Plan
Fixed Charges Rs 2500 per year Rs 999
Equity Delivery Rs 10 per order Rs 0
Equity Intraday Rs 10 per order Rs 0
Equity Futures Rs 10 per order Rs 0
Equity Options Rs 10 per order Rs 0
Currency Futures Rs 0
Currency Options Rs 0
Commodity Futures Rs 0
Commodity Options Rs 0
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Bajaj Financial Vs RMoney Brokerage Plan 3

  Bajaj Financial RMoney
Account Type Bajaj Privilege Club Rs 9 Per Trade Plan
Fixed Charges Rs 9999 per year NA
Equity Delivery Rs 5 per order Rs 9 per executed order
Equity Intraday Rs 5 per order Rs 9 per executed order
Equity Futures Rs 5 per order Rs 9 per executed order
Equity Options Rs 5 per order Rs 9 per executed order
Currency Futures Rs 9 per executed order
Currency Options Rs 9 per executed order
Commodity Futures Rs 9 per executed order
Commodity Options Rs 9 per executed order
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Bajaj Financial Charges Vs RMoney

Minimum Brokerage Rs 5 per executed order Rs 0
Other Charges RMS Auto-Square off: Rs 20 per order 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 Financial Vs RMoney Transaction Charges

Bajaj Financial transaction charges for options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 5000 per Cr (0.05%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Bajaj Financial RMoney
Equity Delivery NSE Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 5000 per Cr (0.05%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5300 per Cr (0.053%) | BSE Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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Bajaj Financial Vs RMoney Leverage (Margin)

Bajaj Financial 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 Financial 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 Financial and RMoney Features

The trading platforms offered Bajaj Financial 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 Financial 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 Yes
Referral Program
Other Features
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Bajaj Financial Vs RMoney Review

Bajaj Financial is rated 3.1 of 5 based on 15 customer reviews whereas RMoney is rated 3.2 of 5 based on 5 customer reviews.

  Bajaj Financial RMoney
  15 Customer Reviews    Rate Bajaj Financial 5 Customer Reviews    Rate RMoney
Fees 2.7 4.4
Brokerage 3.2 4.2
Trading Platform 2.9 3.4
Customer Service 2.6 3.8
Research Capabilities 2.0 2.0
Overall Ratings Rated 3.1 stars Rated 3.2 stars
Broker Rating Bajaj Financial is rated 3.1 of 5 based on 15 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 Financial Enquire RMoney Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) + Rs 0 Demat AMC 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 Financial Vs RMoney Investment Options

  Bajaj Financial 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 Financial Vs RMoney Order Type Offered

  Bajaj Financial 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 Financial Vs RMoney Research Report

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

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Bajaj Financial Vs RMoney Suitable For Investor Type

  Bajaj Financial RMoney
Casual Investor Yes
Active Investor Yes
Trader Yes Yes

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Bajaj Financial Vs RMoney - Pros and Cons

  Bajaj Financial 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. 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.
  2. Margin funding is not available.
  3. GTC/GTD not available in Equity.
  4. NRI Account is not available.
Reviews Useful Articles:
Promo / Offers

Bajaj Financial Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 20 Per Trade Brokerage (with Rs 431 yearly fee)
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly fee)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 yearly fee)
  • Rs 0 Demat AMC

This is a limited-time offer. Simply leave your contact information with us and Bajaj Financial 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
Open Bajaj Financial Account

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