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What are RMoney Brokerage Charges?

Post Date : November 24, 2022

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 for any stock market and related transactions. Let us understand these charges and fees in little bit details before we move on to the FAQs on RMoney brokerage charges and others.

1. Brokerage

In India, there are two types of brokerage plans: full-service and discount.

• 1. Full-Service Brokerage: Brokers charge a percentage of the trade amount and offer additional services.
• 2. Discount Brokerage: Brokers charge a flat monthly fee or fees per trade, making it a more affordable option.

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/- monthly.

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 executed order regardless of the trade size

2. Transaction charges

These transaction charges go to your brokers only. The important point to remember here is that it constitutes the largest part of brokerage you pay for your transactions through your broker. In fact, transaction charges comprise of two different charges, i.e., exchange turnover charges and clearing charges.

Transaction/turnover Charges at RMoney are:

Equity Delivery / Intraday : Rs.325/crore

Equity Futures: 0.0125% sell

Currency Future : Future: Rs.180/crore

Equity Options : 0.0625% sell

Currency option : Option Rs.5000/crore of premium

Commodity Future : Rs.325/crore (Non-Agri)

Commodity Option : 500/CR 

3. Security transaction charges

All buying and selling of stocks are done through a stock exchange, like NSE and BSE. So each stock exchange charges a fee to facilitates such transactions. These are security transaction charges. In India, you need to pay STT only on sale side for intraday and FO trades. However, when you take delivery of any shares, then both buying and selling attract STT. Moreover, at present, there is no STT on bonds, currency, and mutual funds.

Equity Delivery : 0.1% on both Buy and Sell

Equity Futures: 0.01% on Sell Side

Equity Intraday : 0.025% on Sell Side 

Equity Options : 0.05% on Sell Side(on Premium), 0.125% to buyer(on exercise)

4. Commodity transaction charges

If you trade in commodity derivatives in India, you will need to pay commodity transaction charges. But CTT is applicable only on non-agriculture commodities. And all agricultural commodities are exempt from any such CTT. Thus, non-farm and non-agro commodity derivatives like gold, silver, copper, crude and natural gas future trading in India attract CTT.

Commodity Future : 0.01% on Sell Side (Non-Agri) 

Commodity Option : 0.05% on Sell Side(on Premium), 0.125% to buyer(on exercise)

5. Stamp duty

State governments in India are liable to collect stamp duty on any kind of security transactions documentation. Also, it varies from state to state.

Equity Delivery : 0.015% on Buy side 

Equity Futures: 0.002% on Buy side

Equity Intraday : 0.0003/Cr. 

Equity Options : 0.003% on Buy side 

Currency option : 0.0001% on Buy side 

Currency Future : 0.0001% on Buy side

Commodity Future : 0.002% on Buy side

Commodity Option : 0.003% on Buy side

6. GST

The central government in India imposes GST on all securities transactions within the country. Currently, you need to pay 18% of the total cost of brokerage and transaction charges as GST to the government.

7. SEBI turnover fee

SEBI turnover fee or SEBI charges are fees for all sale and purchase transactions in financial securities. However, debt securities do not attract SEBI turnover charges. Currently, SEBI charges this turnover fee at INR 10 per crore.

FAQs on RMoney brokerage charges

After getting a brief overview of various charges and brokerages that are applicable right now in India, let us move to understand FAQs on various charges of RMoney India.

1. What is the RMoney brokerage charges for equity delivery trading?

In general, for equity delivery trading you need not have to pay any brokerage charges. In this case, Rmoney offers “Zero Brokerage” to all its client of delivery of shares. All in all, you will need to pay other mandatory charges as discussed above.

2. What is the RMoney brokerage charges for equity intraday trading?

Not to mention, RMoney brokerage charges for intraday trading in equities is the lowest among its peers. In that case, on Intraday trades, Raghunandan money charges  Rs.9/- per trade or Rs.999/-.monthly.

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 executed order regardless of the trade size

3. The RMoney brokerage charges of Rs.9/- or Rs.999/- what does this mean?

Rs.9/- Per Trade Plan

Under this brokerage plan, you will be charged a brokerage of Rs.9/- per executed order.

Trade Unlimited @ 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 size as a brokerage for executed trade.
• The final amount of brokerage paid in a month will be 2.5% of trade volume or Rs.999/- whichever is LOWER 
• In the case of Options, the amount of brokerage charged will be 2.5% of options premium or Rs.100/- whichever is higher. 
• However, under the 999/- plan the brokerage charged for options will not exceed Rs.999/-

Note: Rs.999/- plan is charged on a calendar monthly basis (1st to 30th/31st of every month)

4. What is the RMoney brokerage charges for equity futures trading?

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 executed order regardless of the trade size

5. What is the RMoney brokerage charges for equity options trading?

RMoney charges a competitive fee of Rs. 9/- per trade or a monthly fee of Rs. 999/- for equity options trading.

6. What are the RMoney account opening charges for equity and commodity?

RMoney is currently offering a structured promotion where you can open an account for free or choose to pay Rs 299/- at the time of account opening and receive a cashback of Rs 499/

7. Is there an Annual Maintenance Charge for Trading Account & Demat Account? How much is the RMoney’s AMC for that?

At RMoney charges of AMC is Free for one year after that Rs.299+GST Per Year.