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How do discount brokers earn? Here are the ways in which discount brokers earn in India : Commissions: Discount brokers in India typically charge a flat fee of Rs. 10-20 per executed order (Pay a flat fee of 9 per executed order). This means that they charge the same amount, regardless of the size of the trade. For example, if you buy 100 shares of a stock at Rs. 100 per share, you will be charged Rs. 200 in commissions.
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What is Discount Brokerage ? A discount brokerage is a type of brokerage firm that provides cost-effective trading services, offering lower commissions compared to traditional brokers. While they may have fewer features and limited support, they still enable you to buy and sell securities, manage your account, access research tools, and benefit from educational resources. Discount brokers excel in low-cost trading, online accessibility, and self-service capabilities. However, they may have limited research offerings, lack investment advice, and provide minimal customer
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Why Is The RMoney Demat Account – Best for Trading? Introduction: When it comes to selecting a Demat and Trading Account, it is crucial to prioritize features that enhance the speed and efficiency of trading. RMoney’s Demat Account distinguishes itself as the optimal choice, offering an array of exceptional features that significantly improve the trading experience. Key Features of RMoney’s Trading Account: 1. Complimentary Annual Maintenance Charges (AMC): RMoney provides a distinct advantage by waiving the AMC for the
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As a matter of fact, you cannot buy or sell shares, derivative products or other financial instruments directly. Being that, you will need an agent or a middleman. Specifically, such agents or authorized middleman are known as brokers. For this purpose, brokers offer their services for a fee known as brokerages. At the same time, as a retail investor, brokerages are not only the charges that you need to pay. Analogous to there are other fees and charges as well
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Experience the convenience and flexibility of opening an account at RMoney, where you have two options to choose from. Firstly, you can enjoy the privilege of a free account opening. Alternatively, you can opt to pay a nominal fee of Rs.299/- at the time of account opening and unlock the benefits of an advanced brokerage worth Rs.499/-. We believe in providing exceptional value to our customers, which is why we offer the added advantage of Free Annual Maintenance Charge (AMC)
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RMoney’s Freedom Brokerage Plan allows you to trade at a low brokerage of Rs.9/- per trade. As the name suggests, the Freedom Zero Brokerage Plan gives you the freedom to choose the brokerage you wish to pay while trading in the stock market. Under this plan, you can trade at Rs.9/- or Rs.999/-. Here are the details of the plan: Trade unlimited across segments at Rs.999/- per month with the Freedom Zero Brokerage Plan Trade at Rs.9/- per month per
Read MoreRMoney is a safe and reliable stock broker that offers trading and investment services across equities, F&O, currency, commodities, IPO, and mutual funds. Incorporated in 2004, RMoney is established as a reputed stock broker in India with presence across India. RMoney is a SEBI registered broker and a member of NSE, BSE, MCX, NCDEX, and CDSL. It allows its clients to trade across desktop, web version, and mobile trading app. As a member of stock exchange and due to SEBI
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Please attach the documents below along with the HUF account opening form. Copy of Pan Card of HUF Copy of Pan Card of Karta Address proof of HUF Bank Proof of HUF (Last 6 months Bank Statement in PDF format reflecting bank’s logo, branch address, IFSC, MICR codes, etc.) Address proof of Karta On page no. 8 of the Trading form as well as the Commodity form and on pages no 1 & 3 of the Demat form; please paste
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For Corporate Account Opening one needs to attach the documents mentioned below along with the Corporate Account Opening Form: Company’s PAN Card Address Proof Copy of Company Eg. Bank Statement/Utility Bills etc. Bank Proof Copy of Company eg Cancelled Cheque (name Printed on Cheque)/ Bank Account Statement/Pass Book Copy having IFSC/MICR, A/c Holder Name, Account Number A copy of the balance sheet for each of the last two financial years (to be submitted annually) Photograph, POI (Proof Of Identity), POA (Proof of Address), PAN, and
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For opening a Partnership Firm Account you need to attach the documents below along with the partnership account opening form: Partnership Firm’s PAN Card Copy Address Proof Copy Eg. Bank Statement, Utility Bills, etc. Bank Proof Copy for instance canceled cheque (name printed on the cheque) or Bank Account Statement or Pass Book Copy having IFSC or MICR, A/c Holder Name, or Account Number The balance sheets of the past two financial years (submitted every year) Certificate of registration (for registered partnership firms only) Copy
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Referring a client to RMoney is a simple and easy process. To refer a client to RMoney follow the below-mentioned steps: Step 1: Save 7088999666 with the name RMoney ADDvantage as a contact. Step 2: Type in the Name and Number of your reference and submit on WhatsApp. Step 3: You can refer clients 24*7 and as many times as you wish. Easy! Isn’t it?
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Following are the benefits you’ll enjoy by referring a client to RMoney: You enjoy a benefit of Rs.100/- immediately as soon as a referral opens an account and gets converted. You earn with RMoney without placing a single trade in your account. Earn a fixed part of the brokerage generated by your referral client each and every time they make a trade from their trading account. You will get a personal relationship manager for all your dealings related to RMoney
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The trade placed and the brokerage paid by your referral will decide the referral amount credited to your account. For instance, Brokerage paid by your referral in his account = Rs.2,000/- Then, your referral amount will be = 20% of 2,000 i.e., Rs.400/- Earn referral amount based on the below-mentioned slabs: Total Brokerage from Referral Your Earnings 0-10,000 20% 10,000-25,000 30% 25,000-50,000 40% above 50,000 50% Note: The amount of brokerage is calculated according to the Calendar Month only i.e.,
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You will get a separate portal for checking your referral benefits earned. You can also check any other information related to the refer and earn program.
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What are the benefits of availing MTF Facility? Introduction: Margin Trading Facility (MTF), often considered a financial magic trick in the world of markets, offers buyers of shares and securities a special privilege. It allows them to trade with more money than they actually have. Let’s explore the benefits of MTF in simpler terms! With MTF, you can become a better trader without needing to pay the entire trading cost upfront. Instead, you only need to put down a small
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Margin Trading Facility (MTF) Margin Trading Facility (MTF), known as a financial privilege in market terminology, provides buyers of shares and securities with the opportunity to acquire assets beyond their available cash resources. This mechanism functions in the following manner: Participants involved in MTF are required to pay only a fraction of the total transaction value, referred to as the margin. This method’s name, therefore, stems from this distinctive feature. A notable advantage of margin trading lies in the
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As per SEBI Guidelines, no margin is offered for trading. However, you can avail of the MTF facility or Hedging benefit for margin.
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Our RMS will square off your intraday positions 15 minutes before the market closes for NSE Segment including Currency. In the case of the commodity segment, your position will be squared off 30 minutes prior to market close. Once a client’s MTM reaches 80%, our RMS will square off the positions irrespective of the product type or the time.
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Yes, you can change your position from Intraday to Carryforward. However, carry forward positions require you to have sufficient margins. You need to change the position at least 15 minutes before the market closes in the NSE segment including Currency. For the MCX segment, the same needs to be done 30 minutes before the market closes. This is when the auto square-off of the positions starts.
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Yes, you can change your position from carryforward to intraday but only up to 15 times before the market closes for the day.
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Opening a Demat and Trading at RMoney is Free. However, you can pay Rs.299/- at the time of account opening and get an advance brokerage of Rs.499/- AMC (Annual Maintenance Charges) is free for the first year after which the AMC charge will be Rs.299+GST
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Our objective of offering a Demat and Trading Account is to bring financial success and happiness to our clients. We at RMoney believe in doing so with ethical practices and transparency. Some of the benefits of opening a Demat and Trading Account with RMoney are as follows: Low brokerage charges per trade Personalized NISM Trained dealers 24*7 Hand-holding Support for Trading Multiple Trading Platforms- Web-Based, Terminal-Based, App-Based Fast and User-Friendly Mobile Trading App with faster server latency speed to exchange
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Introduction: When it comes to investing in India, there are various charges and fees that investors need to be aware of, regardless of whether they make a profit or not. One such charge that applies universally to all traders and investors is the DP charge. In this blog post, we will explore what DP charges stand for, their significance, and more. What Do DP Charges Mean? DP charges refer to Depository Participant charges. These charges are incurred when you invest
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We will transfer shares from your Demat Account towards the obligation of selling. The POA signed by you at the time of Account Opening entitles us for the same. We will transfer all your shares in the Demat Account without you having to involve in formalities.
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Absolutely! You’ll be delighted to know that RMoney’s Demat Account offers a remarkable feature allowing you to leverage the power of your shares as collateral. It’s a fantastic opportunity for you to maximize the potential of your investments and unlock additional benefits. By utilizing shares as collaterals in your RMoney’s Demat Account, you open up a world of possibilities. Not only can you enjoy the potential growth and dividends from your shares, but you can also tap into their inherent
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Everything you need to know about Demat Account? In India, if you want to own securities like stocks, bonds, and mutual funds, you need to open a demat account. A demat account is a digital record that keeps track of your ownership of tradable assets. Demat accounts were introduced in 1996 and have since made securities ownership more accessible to a wider range of investors in India. Now, let’s delve into the reasons why having a demat account is essential
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Transferring shares from your RMoney Demat account to a non-RMoney Demat Account can be done through off-market transfers. Hence, if you wish to transfer shares from your RMoney Demat and Trading Account to a third-party Demat Account, the off-market transfer is the way. Following are the steps you need to follow to transfer your shares from RMoney’s Demat and Trading Account to a third-party Demat and Trading Account :- Download the Delivery Instruction Slip (DIS) requisition form, take the print
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RMoney has come up with two new brokerage plans Rs.9/- per trade and Rs.999/- per month brokerage plans. This will allow you to choose a brokerage plan of your choice. Rs.9/- Per Trade Plan Under this brokerage plan, you will be charged a brokerage of Rs.9/- per executed trade irrespective of the size and segment of the trade. Rs.999/- Per Month Plan Under this brokerage plan, you can trade unlimited for a month at Rs.999/- You’ll pay 2.5% of trade
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Absolutely! You have the flexibility to modify your brokerage plan at any time, any day. All you need to do is send a request from your registered email address to askus@rmoneyindia.com. Our dedicated team will promptly assist you in making the desired changes to your plan. We strive to provide a seamless experience, ensuring that you have full control over your brokerage options. Feel free to reach out to us whenever you need to fine-tune your brokerage plan to align
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Transaction and Other charges details as per Exchange and Government are as follows: Zero Brokerage Equity Delivery STT 0.1% on both Buy and Sell Transaction/Turnover Charges Rs.325/crore GST 18% on Brokerage+Transaction Charge SEBI Charges 10 Rs/Crore Stamp Charges 0.015% on Buy-side Equity Futures STT 0.01% on Sell Side Transaction/Turnover Charges 0.0125% sell GST 18% on Brokerage+Transaction Charge SEBI Charges 10 Rs/Crore Stamp Charges 0.002% on Buy-side Currency Futures STT No STT Transaction/Turnover Charges Rs.180/crore GST 18% on Brokerage+Transaction Charge SEBI
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To open a Demat account offline with RMoney, please follow the simple steps provided below: Contact our dedicated customer care team at 0562-4266600/7188900 to initiate the process. Request an offline account opening form from our knowledgeable and friendly Customer Care Executives. Our competent sales representative, located in your city, will promptly send the account opening form to your address via postal mail. Alternatively, you can also receive the account opening form directly in your email inbox and conveniently print it
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RMoney offers one of the best refer and earn programs- RMoney ADDvantage. It allows you to earn that extra income you’ve been looking forward to, for free. All you need to do is follow a few simple steps: Open a Demat & Trading Account with RMoney Refer your friends to open a Demat & Trading Account with RMoney Take advantage of the brokerage generated by your friends in their account, every month. As your reference opens an Account at RMoney,
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Being an online broker, RMoney requires an ECN declaration. An ECN is a consent given by the clients to brokers that he will share only digital contract notes on the client’s email id. These contract notes are sent daily on the clients’ registered email id, as and when the trade is done with us. These contract notes hold all the details of the transactions done by you. Taking care of the privacy involved in online trading, no physical statements or
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RMoney offers a simple, fast, and paperless account opening process that hardly requires 5 minutes to be completed. The steps involved in the process are simple, keeping in mind the tech-savvy needs of the current times. Here are the steps you can follow to open an Instant Paperless Demat Account in 5 minutes. Step 1: Visit our website www.rmoneyindia.com and look for 5 Minutes Account Opening Option Step 2: Once you click the 5 Min Account Opening Tab You Will
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Enjoy the Benefits: Zero Account Opening Charges! Alternatively, you can choose to pay only Rs.299/- at the time of Account Opening and unlock the incredible advantage of Advanced brokerage worth Rs.499/-. Take Advantage of Our Offer: Avail Free Annual Maintenance Charges (AMC) for the first year. Afterward, it’s just Rs.299/- +GST per year to continue enjoying our exceptional services.
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Following are the documents required for Demat and Trading Account Opening Copy of PAN Card and Aadhaar Card Copy of Address Proof (Aadhaar Card would be valid else Voter ID, Passport/Driving License/ Landline Telephone Bill/ Electricity Bill/Gas Bill)- Address Proof should not be more than 3 months old. Passport size colored photographs Bank Proof (canceled cheque with printed name)/ Latest Bank Statement in PDF Format/ Bank Passbook first and last transaction page) For trading in derivatives, you will need a
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E-mail
askus@rmoneyindia.com
Customer Care
+91-9568654321
