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When you switch your brokerage platform or wish to consolidate your investments, you may need to transfer your existing shareholdings from your previous broker to your RMoney Demat account. This process is known as a Demat Transfer and can be completed online or offline, depending on the depository with which your current broker is registered. In India, Demat accounts are maintained with two central depositories: CDSL (Central Depository Services Limited) NSDL (National Securities Depository Limited) Note: RMoney operates under CDSL.
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When you invest or trade in the stock market, your securities are held in a Demat Account, while the flow of money used for buying and selling is recorded in your Trading Account. To manage your investments efficiently, it is important to understand how these funds move. This is where the Ledger Balance becomes essential. The Ledger Balance shows the net amount available in your trading account after considering all credits (money added) and debits (money withdrawn or utilized). It
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You may sometimes notice that the Buy Average displayed for a stock in your portfolio appears different from what you expected. This usually relates to how the cost of the stock changes after corporate actions or multiple purchases over time. FIFO Method Used for Average Price RMoney calculates the Buy Average using the FIFO (First-In, First-Out) method. This means the shares you purchased earliest are considered sold first when calculating your cost. If you bought the same stock at
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Opening a minor Demat Account with RMoney is a simple and hassle-free process that allows parents or guardians to manage investments for their children until they turn 18. This guide provides a step-by-step overview, including all the documents required to open a minor account offline. Documents Required to Open a Minor Account are as follows:- Application form Completed minor account opening form (PDF). PAN Minor’s PAN copy, attested by the guardian. Guardian’s PAN copy, self-attested. Date of Birth (DOB) Proof
Read MoreDisclaimer: This content is solely for educational purposes. The securities/investments quoted here are not recommendatory. When browsing the internet or watching TV, you must have come across mutual fund advertisements ending with the disclaimer: “Mutual fund investments are subject to market risks; read all scheme-related documents carefully.” Many investors overlook this message, but understanding mutual fund documentation is crucial for making informed investment decisions. Key Mutual Fund Documents to Review Mutual fund investments involve several key documents that provide insights
Read MoreA Demat account can be frozen due to various regulatory, compliance, or legal reasons. When frozen, it restricts the account holder from executing transactions such as buying, selling, or transferring securities. Here’s a comprehensive list of reasons why a Demat Account may be frozen: Account Holder’s Request Freeze requested by the account holder to prevent unauthorized access or for other personal reasons. Learn how to Freeze your Account click here KYC/PAN-Related Issues Invalid or non-compliant KYC and PAN details, such
Read MoreA charge of ₹20 + GST per pledge/unpledge request per ISIN, irrespective of quantity is applicable. Example: 1. Pledging Shares: If you pledge 100 shares of a single scrip (ISIN) in one request, the charge will be ₹20 + GST If you pledge the same 100 shares in five separate requests, the charge will be (₹20 + GST) × 5 2. Unpledging Shares: If you sell pledged shares, the system will automatically unpledge them, and unpledging charges will apply based
Read MoreE-signing is an essential step in the online modification process for updating details such as address, bank information, contact number, and email. This process requires Aadhaar-based authentication through OTP verification. Note:- Your Aadhaar card must be linked to your mobile number. There are no charges for e-signing documents on DigiLocker. Steps to E-Sign Documents on DigiLocker Visit DigiLocker and log in. Click on Drive. Navigate to Documents and select “Upload File”. Upload the document you want to sign and click
Read MoreeSign is a digital signature service based on eKYC (electronic Know Your Customer), allowing users to sign documents electronically using their Aadhaar-linked credentials on DigiLocker. This process is legally recognized, convenient and extensively common across businesses and ensures a secure and efficient way to authenticate documents. Benefits of using eSign Fast and Paperless: Enables quick and hassle-free document submission. No Physical Signatures Required: Eliminates the need for printing, signing, and mailing paperwork. Legally Valid and Secure: Ensures compliance with digital
Read MoreWhy Is Authorization Required for Sell Transactions? Equity delivery-based trading in India follows a T+1 settlement cycle: If you buy shares on Monday (T day), they are credited to your Demat Account on Tuesday (T+1 day). If you sell shares on Monday (T day), you must authorize the transaction on CDSL using TPIN by T+1 day to ensure successful delivery. What Happens If You Don’t Authorize? If you fail to authorize the sell transaction, your shares won’t be transferred to
Read MoreCan I transfer shares from another Demat account to my RMoney account? Shares can be transferred between Demat accounts online or offline: Offline: Fill the Delivery Instruction Slip (DIS) with ISIN, DP ID, and Client ID. Send it to RMoney’s r Corporate Office at 26/257 B, Near Ashish Palace, SultanGanj, Agra – 282004. The transfer completes in 3-5 days. Online: Register on CDSL ‘Easiest’ or NSDL ‘Speed-e,’ complete the form, and submit it to your broker. For a
Read MoreHow Does RMoney Help in Seamless and Cost-Effective Mutual Fund Investing? We are pleased to inform you that we offer Direct Mutual Funds, which come with several advantages: Lower Costs: Direct mutual funds have no distributor commissions, which means you benefit from a lower expense ratio. Higher Returns: The reduced costs directly contribute to better returns over time compared to regular mutual funds. Enhanced Control: With direct plans, you have greater transparency and control over your investments, allowing you to
Read MoreHow Does RMoney Help in Seamless and Cost-Effective Mutual Fund Investing? We are pleased to inform you that we offer Direct Mutual Funds, which come with several advantages: Lower Costs: Direct mutual funds have no distributor commissions, which means you benefit from a lower expense ratio. Higher Returns: The reduced costs directly contribute to better returns over time compared to regular mutual funds. Enhanced Control: With direct plans, you have greater transparency and control over your investments, allowing you to
Read MoreIntroduction A Follow-On Public Offer (FPO) is a process through which an already listed company raises additional capital by offering shares to the public. It is similar to an Initial Public Offer (IPO), except that the company has already gone public and is listed on the stock exchange. Key Differences between FPO and Rights Issue People often confuse Rights Issues and FPOs, as both are ways for a company to raise funds through the equity markets. However,
Read MoreIntroduction A TPIN (Transaction Personal Identification Number) is a six-digit code that strengthens the security of your Demat account. It is essential for authorizing the sale of securities and the debit of funds from your account, ensuring that only the account holder can execute transactions. By leveraging a TPIN, investors add an additional layer of protection against fraud, safeguarding their investments effectively. Steps to Generate a TPIN Creating a TPIN is a quick and simple process. Just follow
Read MoreWe’re thrilled to have you as an esteemed member of our growing family. Rest assured, your decision to join us will pave the way for financial growth and informed investing. But let’s set the tone right from the start. Trading is a Business, Not a Gamble Think of your trading and investments as your very own business. Just as you wouldn’t take unnecessary risks with a traditional business or job, it’s crucial to approach the stock market with discipline, strategy,
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Introduction At RMoney, we are committed to delivering convenience, transparency, and value to our customers. Whether you are a new investor or an experienced trader, we offer competitive pricing and flexible options to suit your needs. Here’s everything you need to know about the account opening charges and Annual Maintenance Charges (AMC) for a Demat account at RMoney. Account Opening Charges Opening an account with RMoney is straightforward and tailored to meet your financial preferences. You can choose from two
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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.
Read MoreAbsolutely! 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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