Any body know about R Trade?

[ashishv]

Hi ashishv,
I am a little bit confused. If the case is like what you describe then all the traders keys generate the same number at a particular time. If in a family have 2 or more accounts only one key is required to operate??
gvnarendra

No the security key generates a unique number. Each device has a different serial number. If you look at the back you will find a bar code with a number above it. That is the serial number of your device. the server knows your serial number and knows what number will be generated by the security device.
hope this clarifies your doubt

 

[gvnarendra]

Hi Gvnarendra
Please try to give answers to the following:
(1) Whether one has to enter security code number which changes every 30 seconds ,every time you buy or sell shares or only at the time of login?

(2) whether the card amount ( Say Rs 500) can be carried forward to the subsequent months if not fully utilised?can any unutilised amount be added with the subsequent recharged cards?

Hi unicorn,
1. You have to enter the security code number at the time of login.
2. The RMs have told me the unutilised part can be carried to the next card
gvnarendra

 

[gvnarendra]

No the security key generates a unique number. Each device has a different serial number. If you look at the back you will find a bar code with a number above it. That is the serial number of your device. the server knows your serial number and knows what number will be generated by the security device.
hope this clarifies your doubt

Hi ashshv,
Thank you for the clarification. That must be the case. A unique number for every key.
gvnarendra

 

[sunil_kr01]

Great discussion.!!

Can somebody tell me:-
1) I read somewhere that they charge Rs. 12 per transaction. Is it true?
2) What is margin required for FnO? In icicidirect is is mostly 18%
3) Does my money transfer from bank reflect immediately in trading account?
4) How much brokerage will be charged for intraday trading?

 

[gvnarendra]

Great discussion.!!

Can somebody tell me:-
1) I read somewhere that they charge Rs. 12 per transaction. Is it true?
2) What is margin required for FnO? In icicidirect is is mostly 18%
3) Does my money transfer from bank reflect immediately in trading account?
4) How much brokerage will be charged for intraday trading?

1. Yes they charge Rs 12/ per transaction.
2.The margin is what NSE has stipulated.
3.Yes the money gets transfered immediatedly
4. For your query 3 & 4 you may refer post no 204 in this thread
gvnarendra

 

[unicorn]

Hi Gvnarendra
The Reliance Money sales personnel are telling me that INSTATRADE will be provided only after their official launch which is in 28/12/2006.Have you heard any thing about INSTATRADE?

 

[gvnarendra]

Hi Gvnarendra
The Reliance Money sales personnel are telling me that INSTATRADE will be provided only after their official launch which is in 28/12/2006.Have you heard any thing about INSTATRADE?

Hi unicorn,
I think it depends on your RM and the the ability to show them that you can give a good volume.
gvnarendra

 

[trader31339]

Hi All,
.
Regarding taxation matters. They charge only 1 paisa brokerage for every transaction irrespective of traded quantity. So naturally there will not be any taxes on your brokerage. I was charged 0.017001% of securities transaction tax. Even this in Indiabulls they charge more on comparing. Another charge is trnover charge which comes to about Rs 2 to 3 per lot of options. and stamp duty also very less comparing to Indiabulls, it is paisas. Comparing with the brokerage of .03% in Indiabulls, I was getting around Rs 425 in their contract note for 1 lot of Nifty futures where as Reliance charges are around Rs 70 plus the software utilisation charges(whatever they name for this charges I call it software uitilisation charge), comes to around Rs 20 per lot of futures. Totally Rs 90 per lot a huge saving for a day trader of around 375% on brokerage .
gvnarendra

GVnarendra,
stamp duty , service tax, turnover tax and various other stauory charges are one and the same with all brokers , arent they ? or they vary from broker to broker?

I understand that if the brokerage is low , service tax will also be accordingly low but even then the stamp duty transaction charges etc remain the same isnt it?

How can stamp duty and other charges vary with indiabulls and reliancemoney?

 

[pradeep1]

Now only Equity and F&O is allowed in Reliance Money, Commodity is not yet started.

 

[unicorn]

Thank you unicorn
The breakup for Rs 70/ is like this. This is for Nifty options that I have traded.
1.Securities Transaction Tax= Rs 68.24
2.Turn over charges = Rs 1.25
3. Stamp duty = Rs 0.10
Totally Rs 69.59

Rs 20 is for soft ware utilisation charges. I have given Rs 500 to trade Rs 1 crore worth trade. For the existing value of nifty it comes to around Rs 20 per lot if you trade. It keeps on changing as the Nifty value changes.

As of now in easy trade it is not possible to put scipts in the window to monitor the changing prices. It is possible only in Insta trade. The scripts will get refreshed automatically as it runs through Java. The real time chart wiindow is not enabled yet. They have given a link which is yet to be enabled
gvnarendra

Hi Gvnarendra
Generally for NSE F&O, stamp duty is 0.002% and Exchange Turnover Levy is also 0.002% i.e., Rs 2 per lakh each but in your case i am surprised to see the stamp duty Rs 0.10 for the entire trade and there is no Exchange Turnover Levy.If you dont mind can you please upload the contract note of the Nifty Option that you have traded with Reliance Money.