RKSV - Unlimited Online Trading @ 1947/-

[sach007]

If I want to open trading account only then what are the things required?

 

[HARIVEL]

Zerodha giving 10 times of margin how much yours?

 

[RKSV]

If I want to open trading account only then what are the things required?

Hi sach,

We require Form A to be signed (available on our website), plus a few proofs (PAN card, Driving License or Voter ID card, ITR or Client Master copy or Bank Details). Also include a Rs. 250 cheque for account opening and a copy of your photo signed across Form A.

Best,

RKSV

 

[RKSV]

Hi all,

We offer 2x margin on all the ETFs at the moment.

Best,

RKSV

 

[timepass]

Guys,

In effect, we have reduced our futures transaction costs from Rs 520/cr to Rs 230/cr and our equities transaction costs from Rs 520/cr to Rs 350/cr. This is the rate we are getting, so it is only fair to charge you the same rate. To give you an example of how this is good for you, if you were to do 1 cr turnover on nifty (around 20 lots), as a customer, you would be saving Rs. 290.

We have put up a detailed (and better) P&L calculator on our website at http://rksv.in/calculator.php for you guys to see how much you'll pay, and what your break-even looks like. You can see the new transaction costs on our FAQ here http://rksv.in/faq.php.

What exactly are the transaction charges for options ?? It seems that on a turnover of Rs. 10000/- the transaction charges are Rs. 8. It comes to about Rs. 800 per crore !!! is there a mistake somewhere ??

 

[RKSV]

What exactly are the transaction charges for options ?? It seems that on a turnover of Rs. 10000/- the transaction charges are Rs. 8. It comes to about Rs. 800 per crore !!! is there a mistake somewhere ??

Hi timepass,

No, I think maybe you might have typed it incorrectly? On a turnover of Rs. 10,000 it is Rs. 8. So for 1 cr, it is Rs. 8,000. Just multiply your qty of 50 by 10 each time and you'll see.

Rs. 10,000 --> Rs. 8
Rs. 1,00,000 (1 lac) --> Rs. 80
Rs. 10,00,000 (10 lac) --> Rs. 800
Rs. 10,000,000 (1 cr) --> Rs. 8000

Best,

RKSV

 

[timepass]

Hi timepass,

No, I think maybe you might have typed it incorrectly? On a turnover of Rs. 10,000 it is Rs. 8. So for 1 cr, it is Rs. 8,000. Just multiply your qty of 50 by 10 each time and you'll see.

Rs. 10,000 --> Rs. 8
Rs. 1,00,000 (1 lac) --> Rs. 80
Rs. 10,00,000 (10 lac) --> Rs. 800
Rs. 10,000,000 (1 cr) --> Rs. 8000

Best,

RKSV

Right.. my bad. What's this transaction charges ?? Who levies it ??

 

[sumosanammain]

Right.. my bad. What's this transaction charges ?? Who levies it ??

Transaction charges are levied by the local mafia. You cant escape those charges.

 

[timepass]

Transaction charges are levied by the local mafia. You cant escape those charges.

But in my mohalla I am the local mafia ... so who is doing this hafta vasooli from me

 

[RKSV]

Right.. my bad. What's this transaction charges ?? Who levies it ??

Hi timepass,

Transaction charges are a combination of exchange fees and clearing charges.

Best,

RKSV