East or west Rmoney is best for option brokerage. if u trade on urself brokerage is only 1paise(i repeat 1 paise) and if u dial and trade, it's 15rs per order.
the major problem is they don't have terminal and web based terminal will not update the ticks automatically.
so we have to look at other brokers terminal and place orders in Rmoney in options.
Personally i trade in Sharekhan for futures and Equities and Rmoney for options.
I also heard that, there is a broker who charges 999 permonth for unlimited trading. i don't know about that service though.