R K Global Issues!

[kaushikbanerjee]

Thank you...

Why this difference? Statutory levies should be same across all the brokers. So RKG charges less and get the rest like this.

Can I take those % for both Futures and Options? If that's the case, transaction charge for futures varies a lotttttt from the actual one (.002)

Check Contract Notes in PDF format. It is clear than the HTML format which they send in email id. Download it from their back office.
I'm charged in exactly the same manner which I described above.

 

[nac]

Check Contract Notes in PDF format. It is clear than the HTML format which they send in email id. Download it from their back office.
I'm charged in exactly the same manner which I described above.

The difference I said was while sharekhan charging .051%, RKG is charging higher i.e., .071% which is higher than actual % as well (i.e. .002% for futures and .05% for options)

 

[kaushikbanerjee]

The difference I said was while sharekhan charging .051%, RKG is charging higher i.e., .071% which is higher than actual % as well (i.e. .002% for futures and .05% for options)

Sorry, I've edited my above post. Changed the Turnover charges. Please check it.
Turnover charges of Future is less than that of Options.
I've written what I'm being charged.

STT and Service Tax should be the same for all brokers.
STT is 0.017% of Selling Turnover for Futures.
It is 0.017% of Selling Premium for Options if sold before expiry.
It is 0.125% of Seling (Premium + Strike Price) if exercized (for in the money contracts).

Service Tax is 10.3% of (Brokerage + Turnover Charges).

Both Sharekhan & RKG charges Stamp Duty as 0.002% of Turnover (Buy+Sell).

Turnover charges or NSE charges :
Sharekhan charges 0.0023% for Futures and 0.051% for Options.
RKG charges 0.003% for Futures and 0.071% for Options.

 

[adani]

@ Adani

I again thank you for your valuable informations which u gave earlier about the brokers who are charging less than RKG.
But u have not replied to my query that what is their brokerage and do they offer it without any volume commitment ?
Let us take the advantage too Sir.

Dear Sir,
Gd day.I have posted the contact number in the thread yesterday itself.Plz go through.

 

[adani]

That day charts and Funds View was not opening.
I came to know about those problem from this thread. Actually charts are bogus in RKG's ODIN and I don't open them at all.
But I have not faced any problem in trading like delay in order confirmation and execution.
I'm happy in RKG to place orders, getting it confirmed and seeing it executed.
And their back office gives me enough reports which I need.
Nothing extra service I need from them.

Mr.Kaushik,
I asked u whethere u never faced any odine problem( Software problem).It dosent give u any error.When it works my order is also getting executed.I am connected through their mumbai server.i dwloaded my software frm mumbai downloads.From which one ur connected sir plz let me know sir so that i can recommend to all my fnds trading with rkg to connect through that so that we dnt face odine problem.It will be great if u could guide us also.So that we can also enjoy our trading with rkg.

 

[kaushikbanerjee]

Mr.Kaushik,
I asked u whethere u never faced any odine problem( Software problem).It dosent give u any error.When it works my order is also getting executed.I am connected through their mumbai server.i dwloaded my software frm mumbai downloads.From which one ur connected sir plz let me know sir so that i can recommend to all my fnds trading with rkg to connect through that so that we dnt face odine problem.It will be great if u could guide us also.So that we can also enjoy our trading with rkg.

I already agreed with the software problem.
At the same time I clearly said what problem I faced and what I don't faced.
Problems faced - Opening charts and the entire website section.
Problems not faced - In TRADING. Data flow to terminal and order placing through terminal created no problem.

I assume all RKG clients are connected to Mumbai server and downloaded Mumbai ODIN.
RKG may have Kolkata server but that is not reccomended by RKG itself.

 

[krm]

I already agreed with the software problem.
At the same time I clearly said what problem I faced and what I don't faced.
Problems faced - Opening charts and the entire website section.
Problems not faced - In TRADING. Data flow to terminal and order placing through terminal created no problem.

I assume all RKG clients are connected to Mumbai server and downloaded Mumbai ODIN.
RKG may have Kolkata server but that is not reccomended by RKG itself.

If my account is with ICICI bank, i have to transfer funds to their ICICI account for trading. If I wish to withdraw funds, how it will be done? Will they prepare cheque or the funds r transfered in client bank account? Anybody having account other than HDFC pls clarify this.

Thanks

krm

 

[kaushikbanerjee]

If my account is with ICICI bank, i have to transfer funds to their ICICI account for trading. If I wish to withdraw funds, how it will be done? Will they prepare cheque or the funds r transfered in client bank account? Anybody having account other than HDFC pls clarify this.

Thanks

krm

I'm doing Funds Transfer from ICICI Bank.

Transferring Funds from your ICICI bank A/c to RKG's ICICI Bank A/c :
Login to your ICICI Bank internet banking. Add RKG as a beneficiary. Transfer funds to that a/c. In the transaction remarks space quote your RKG Client ID.
It will help in the credit. For more faster credit, call RKG customer care and tell the Transaction Reference No. created by ICICI Bank after the payment.
RKG will instantly credit the money in your trading account.

Transferring Funds from RKG to your ICICI bank A/c :
In your ODIN Diet terminal go to Links > Transfer Funds > To Client account.
Then select any exchange you are trading with them.
Write the Amount u wish to withdraw and then click Submit.
Your money will be credited within 1-2 days.

N.B. : If u have multiple bank accounts linked with RKG then in the Narration space write the Bank a/c no. in which u wish to withdraw the money.

 

[anant_agrawal]

I'm doing Funds Transfer from ICICI Bank.

Transferring Funds from your ICICI bank A/c to RKG's ICICI Bank A/c :
Login to your ICICI Bank internet banking. Add RKG as a beneficiary. Transfer funds to that a/c. In the transaction remarks space quote your RKG Client ID.
It will help in the credit. For more faster credit, call RKG customer care and tell the Transaction Reference No. created by ICICI Bank after the payment.
RKG will instantly credit the money in your trading account.

Transferring Funds from RKG to your ICICI bank A/c :
In your ODIN Diet terminal go to Links > Transfer Funds > To Client account.
Then select any exchange you are trading with them.
Write the Amount u wish to withdraw and then click Submit.
Your money will be credited within 1-2 days.

N.B. : If u have multiple bank accounts linked with RKG then in the Narration space write the Bank a/c no. in which u wish to withdraw the money.

hi friend thanks for ur valuable post.....

i am going to open a new a/c with rk global.....and i want to ask u that r u happy with all their services.....

what about the funds transfer / withdraw having my sbi a/c........

do they fraud....? or any hidden charges in their brokerage.......

i want other rk clients opinion also on this

must reply....thanks

 

[simple_trader]

Can someone please let me know how much charges for 100 NF option (both sides with taxes)? If you could give me break up, it would be good.

Thanks in advance!