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Zerodha (Trade with the best stock broker)
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.
RKSV is Mumbai, India based popular discount broker offering budget brokerage plans to India stock & commodity market investors. RKSV is well known for its flat Rs 20 per trade irrespective to the size of the trade across trade segments including Equities, Futures, Options, Currencies, and Commodities.
Being a discount broker; RKSV's brokerage structure is simple and easy. They offer different plans to suit your requirement.
RKSV transaction charges are very competitive with other discount brokers in India. They charge transaction or turnover charges at Rs 325 per crore for equity, Rs 210 per crore for futures and Rs 5500 per crore for options (on premium).
Like other online stock trading companies, RKSV provides trading services to buy & sell stocks, futures & options online. RKSV Commodities provides trading services to buy & sell commodities online.
RKSV offers discount brokerage plans to suit most investors / traders requirement.
This plan allow you to trade any number of shares at a flat rate of Rs 20 per executed order. The Rs 20 brokerage is applicable on trades in all segments including Cash (Equities), Futures, Options, Currency Futures and Options, and MCX Futures. You pay flat Rs 20 even if one order has 10 lots on Options. There is no monthly commitments. Also customers get intraday leverage of 20x on Equities, 4x on NSE F&O, 4x on BSE/NSE Currency F&O and 3x on MCX Commodity Futures.
Note that a Goods and Services Tax (GST) of 18% (Rs. 3.60) is applied to the Rs. 20 per order traded charge. This totals to Rs. 23.60 per trade.
Also note that Rs 18.5 demat debit transaction charge is applicable for delivery trades.
Standard Plan
RKSV Charges | EQUITY Delivery | EQUITY Intraday |
---|---|---|
Brokerage | Rs 0 | Rs 20/Trade |
STT | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
Transaction Charges | Rs 325/crore | Rs 325/crore |
Clearing Charges | Rs 0/crore | Rs 0/crore |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | Rs 5/Crore | Rs 5/Crore |
Stamp Duty (Maharashtra) | Rs 200/Crore | Rs 1000/Crore |
RKSV Charges | Futures | Options |
---|---|---|
Brokerage | Rs 20/Trade | Rs 20/trade |
STT | 0.017% on Sell Side | 0.05% on Sell Side(on Premium) |
Transaction Charges | Rs 190/crore | Rs 5000/crore on premium turnover |
Clearing Charges | Rs 20/crore | Rs 500/crore |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | Rs 5/Crore | Rs 5/Crore |
Stamp Duty (Maharashtra) | Rs 200/Crore | Rs 200/Crore |
RKSV Charges | Currency Futures | Currency Options |
---|---|---|
Brokerage | Rs 20/Trade whichever is lower | Rs 20/trade |
STT | No STT | No STT |
Transaction Charges | Rs 110/crore | Rs 4000/crore on premium turnover |
Clearing Charges | Rs 40/crore | Rs 2000/crore |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | Rs 5/Crore | Rs 5/Crore |
Stamp Duty (Maharashtra) | Rs 200/Crore | Rs 200/Crore |
RKSV Charges | Commodity Futures |
---|---|
Brokerage | Rs 20/Trade whichever is lower |
CTT | 0.01% only on the sell side |
Transaction Charges | Rs 210/crore |
Clearing Charges | Rs 50/crore |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | Rs 5/Crore |
Stamp Duty (Maharashtra) | Rs 200/Crore |
RKSV Charge Structure Explanation:
The RKSV charges for demat account transitions are as below:
Demat Transactions | Demat Charges |
---|---|
Annual Maintenance charges (AMC) | Rs 0 |
Transaction charges (Market/Off Market / Inter-depository Transactions) | Rs 13 + Rs 5.50 (CDSL charges) per scrip |
Pledge Charges Creation / Closure and Confirmation of both | 0.02% of transaction charges subject to a minimum of Rs 50 + NSDL/CDSL charges at actual |
Pledge Charges for Invocation | 0.05% of transaction charges subject to a minimum of Rs 50 |
Dematerialization Charges | Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams. |
Rematerialization Charges | Rs 25 per certificate or 0.05% of the value whichever is higher |
SLB Charges | For Securities Borrowings: Rs 25 + NSDL/CDSL charges at actual For Securities Lending: Rs 25 + NSDL/CDSL charges at actual |
Repurchase / Redemption Charges | Rs 25 per transaction + Depository charges at actual |
Failed or Rejected Transactions | Rs 50 per transaction |
Demat Rejection Charges | Rs 35 per rejection for every 500 grams |
Adhoc / Non periodic statement requests | Adhoc statement requests - Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 + courier / postage charges. |
E-Mail Statement | Free periodic bills, transaction statement and other communication through email. |
Cheque Bounce charges | Charges applied based on charges as determined by our bankers |
Visit RKSV Brokerage Charges Review for more detail.
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.
Opening account with RKSV is simple and easy.
Upstox is the mobile and website based trading platform. Upstox makes it easy to place orders through mobile phones and web browser. It offers online trading, analysis, charting and many more rich trading features.
Upstox offers brokerage free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro for flat Rs 20 per trade.
RKSV offers trading using the NEST, the trading platform build by Omnisys and used by most brokers in India. NEST Trading Platform include installable trading terminal, website based trading and mobile trading facility; available for free to all its customers. RKSV do not charge any software uses fee.
Customer can use below ways to trade with RKSV using NEST:
Visit RKSV Trading Software Review for more detail.
Zerodha (Trade with the best stock broker)
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.
The following are the advantages of RKSV. You must read RKSV advantages and disadvantages before opening an account with RKSV. RKSV pros and cons help you find if it suits your investment needs.
The following are the cons of RKSV. Check the list of RKSV drawbacks.
RKSV margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. RKSV F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for RKSV F&O carry forward positions and equity delivery trades.
Segment | Margin | Leverage |
---|---|---|
Equity Delivery | 100% of trade value | 1x |
Equity Intraday | Up to 20% of trade value | 5x |
F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
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Based on 81 Votes by RKSV Customers
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BSE and NSE Cash | NSE Futures | NSE Options | NSE Currency F&O | MCX Commodities | |
---|---|---|---|---|---|
Margin | 20 Times | 4 Times | 4 Times | 4 Times | 3 Times |
You can leverage shares in your demat account to obtain margin funding to make additional trades. This margin can be used for taking intra-day and overnight positions across segments.
UpStox offers priority at an additional monthly charge for traders who need higher leverage.
Pricing of Upstox Priority Pack
What do you get in a Priority Pack?
Priority Pack offers trade with higher leverage:
Segment |
Regular - Intraday Trade |
Priority Pack - Intraday Trade |
NSE/BSE Cash |
15x |
20x |
Index Futures |
4x |
6x |
Stock Futures |
4x |
4x |
NSE Option Buy |
N/A |
N/A |
Index Option Sell |
4x |
6x |
Stock Option Sell |
4x |
4x |
NSE Currency |
4x |
4x |
MCX Future |
2.5x |
3x |
Segment |
Regular - CO/OCO Trades |
Priority Pack - CO/OCO Trades |
NSE/BSE Cash |
20x |
25x |
Index Futures |
4x |
7x |
Stock Futures |
4x |
6x |
NSE Option Buy |
1.33x |
2x |
Index Option Sell |
4x |
5x |
Stock Option Sell |
4x |
5x |
NSE Currency |
4x |
5x |
MCX Future |
3x |
4x |
Timeline | Event |
2009 | RKSV obtained membership of NSE, BSE and MCX. |
2009 - 2011 | RKSV ran a Prop Tradingproprietary trading desk. |
Jan 2012 | RKSV started offering lost cost brokerage plan for equity and F&O trading. |
Jan 2012 |
RKSV launched Flat Monthly Plans:
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Jan 2013 | RKSV started offering Dream Plan - Flat Rs 25 per executed order for equity/futures and options/commodity/currency trading at NSE/BSE/MCX. |
Mar 2014 |
RKSV Freedom Plans have been eliminated and replaced with Pro and Ultimate Plans. RKSV launched new plans:
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Mar 2014 | Dream Plan of Rs 25 per order is reduced to Rs 20 per order. 5 free trades every month is introduced. |
Jan 2016 | RKSV scrapping all old plans and introduce flat Rs 20 per trade standard plan. |
Jan 2016 | RKSV reached 20,000 customers. RKSV's daily turnover reached Rs 6000 Cr. |
Feb 2016 | RKSV raised Rs $4 million (24 Cr) in its Series A round of funding from Kalaari Capital. |
May 2016 | RKSV begin accepting Shares as Collateral (Margin Against Shares). |
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.
Are you a Zerodha Customer?
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