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Fees & Commissions
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Are there any account opening charges?
Account Opening charges
Account opening charges w.e.f. April 2005 are as follows:
Rs. /- :if the customer has an existing relationship with RR.(For example, a car loan, home loan, credit card, etc. Necessary proof to be submitted).

Rs. /-: if the customer does not have an existing relationship with RR.

This is inclusive of legal and documentation charges. This amount will be debited from the customer’s savings account in the absence of a cheque.

In addition to opening a trading account with RR, you will also be required to open a savings bank account and a DP (depository participant) account with ICICI Bank. If you are already availing of these two services from RR/ ICICI, you need not open any other savings or demat accounts.

While completing the trading account opening form, you will be prompted to provide your existing savings and RR demat account details (if available) to complete the necessary linkage among these accounts.
Bank charges
In the event that the customer does not have an ICICI Bank savings account, he / she will be obliged to open one with a minimum deposit of Rs. 2,500/-. A quarterly minimum balance of Rs. 2,500/- will have to be maintained with ICICI Bank, as per the ICICI Bank requirements.

DP charges
There are no account opening charges. However, the depository participant (DP) will levy an annual maintenance charge as well as transaction charges for each trade.
What will be my cost if I trade through RR? (Broking online/offline(including stamp duty and all) + depository charges + Bank Charges)
Account Opening charges
Charges for opening an account w.e.f. May 01, 2001, stand at Rs. 700/-. This is inclusive of legal documentation charges.

Brokerage
Brokerage will be charged at the rate of the higher of 0.5% of the transaction value or Rs. 25/-. In case of a square-off, brokerage will be charged at the rate of 0.15% of the transaction value on each leg subject to a minimum of Rs. 7.50 on each leg of the transaction.

For. e.g.
* If you buy 100 shares of HLL @ Rs. 190, brokerage charged will be Rs. 95/- (0.5% of 19000)
* If you buy 10 shares of Castrol @ Rs. 180, the brokerage charged will be Rs. 25/-
* If you buy 100 shares of HLL @ Rs. 190 and sell 100 shares of HLL @ Rs. 200 in the same settlement, brokerage will be charged @ 0.15% of 19000 + 0.15% of 20000 = Rs. 58.50
* If you buy 10 shares of Castrol @ Rs. 180 and sell 10 shares of Castrol @ Rs 175 in the same settlement, brokerage will be charged @ 7.5 +7.5 = Rs 15/-