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Religare Demat Account Opening Charges and Details
Religare Demat Account Opening Charges and Details
When it comes to trading & investing, we always need robust, transparent and trusted platform. To fulfil your all trading needs, Religare was incorporated in 1982 as a financial service provider and very soon emerged as full-service broker of India. Religare is a SEBI registered broker and offers to invest in equity, derivative, currency, commodity, mutual fund, IPO and provide the facility of PAN, TAN, TDS/TCS to the individuals from the branch. Religare provide the facility to any Non-resident Indians (NRIs) to invest in Indian share market through its platform. Religare offers leverage and margin exposure up to 6x to trade in intraday segment which is quite beneficial for beginners and experienced traders. As the depositary participant of CDSL and NSDL, it provides depositary services and 2-in-1 account to its clients.
• Equity Delivery : 0.50% to 0.10%
• Equity Intraday : 0.050% to 0.010%
• Equity Futures : 0.05%
• Equity Options : Rs 70 per lot
• Currency Futures : 0.05%
• Currency Options : Rs 30 per lot
• Commodity Futures : 0.05%
• Commodity Options : Rs 30 per lot
Religare offers many trading software and mobile application through which you can place your order from any place across India. One should choose Religare because of its transparent policy and ultra-modern features through which any trader can enhance their assets easily.
Demat Account & its types:
Dematerialisation account in short is called as Demat account which holds your securities, stocks, mutual funds shares, bonds, IPO allotted shares and ETFs in an electronic form by removing the practice of physical handling of company’s shares. Usually, you open a demat account with any broker such as Alice Blue, Zerodha, Upstox, Angel Broking etc but actually you are opening with National Securities Depositary Limited (NSDL) and Central Depositary Services Limited (CDSL) and broker acts as a mediator between customer and CDSL & NSDL.
Generally, there are 3 types of demat account:
• Regular Demat Account – Only for residing Indian citizen of the country.
• Repatriable Demat Account – Only for NRIs through which an NRI can transfer money abroad but it needs to link with NRE Bank account.
• Non-Repatriable Demat Account – Also for NRIs but does not allow to transfer money abroad and needs to link with NRO Bank account.
Religare Demat Account:
As a depositary participant of CDSL and NSDL, Religare offers depositary services on its platform. It provides 2-in-1 account to all traders/investors. Religare acts as a mediator between the customer and CDSL & NSDL. For buying & selling of shares, trading account is required that’s why demat account is accompanied by trading accounts. With the help of Religare demat account, you can trade/invest in equity, derivative, currency, mutual funds and commodity. Demat account is used to hold securities in dematerialized form though which you can trade and invest in national exchanges such as BSE, NSE, MCX, NCDEX, MSEI etc. Religare provide the facility to open demat account via both online and offline method by following some simple steps.
Religare Securities DP Membership ID:
• CDSL : DP ID : 30200
• NSDL : DP ID : IN 301774
Online Demat Account on Religare:
Religare offers you to open online demat account by uploading required documents:
• Visit official website of Religare or download the mobile application.
• Click, open an account given in the corner of the home page.
• Register your mobile number, email id and name.
• Verify the OTP received in your mobile number.
• Upload the scanned copies of the documents in the given tab.
• In the last, E-sign process will take place in which you need to enter your Aadhaar number and you will get the OTP in your mobile number attached with your Aadhaar card.
• After document verification, you will receive a SMS or mail in your email id.
Offline Demat Account on Religare:
You can also open offline account on Religare by following some simple steps:
• Visit the official website of Religare and download the account opening form or you can visit the nearby branch of Religare.
• Sales representative will call and assist you and provide KYC form on your email id or you can take that form from the branch office.
• Take the print out of that KYC form.
• Fill all the required entities such as signature, passport size photograph and attach the scanned copies of the required documents.
• Courier all the documents along with KYC form to the registered address.
Religare Demat Account Opening Charges:
Religare does not charge any amount on opening of demat account on its platform.
Demat Account Opening Charges
Lifetime Zero AMC Religare Demat Account:
Religare offers a very unique facility of lifetime free AMC of demat account on one-time payment of Rs 2500 which is non-refundable and you need to pay this during account opening process.
Documents Required to Open Demat Account on Religare:
• PAN card
• Aadhar card
• Bank statement or Latest bank account slip.
• Passport size latest photograph
• Income proof (To trade in F&O segment)
Religare Depositary Charges:
There are various depositary charges which are as follows:
Account Opening Charges
Life Time Maintenance Free Charges
Rs 2500 (one-time only)
Account Maintenance Charges
Rs 400 p.a. (From 2nd year onward)
Delivery given to Religare Pool/Margin Account
Rs 12 for client with POA / Rs 25 for client without POA
Delivery given to any other account
Rs 30 per debit or 0.02% of the value of transaction whichever is higher
Demat Processing charges
Rs 2 per certificate
Demat Rejection charges
Rs 30 per rejection
Pledge Invocation / Creation / Confirmation / Closure
Rs 50 per request or 0.02% of the value of securities whichever is higher
Conversion of mutual fund units represented by SOA into Demat
Rs 20 per request
Courier charges for Demat / Remat / Repurchase / Redemption
Rs 30 per request
Conversion of mutual fund units represented by SOA / Reconversion of Mutual fund units into SOA
Rs 30 per request
Rematerialisation / Repurchase / Redemption of mutual fund / Reconversion of mutual fund units into SOA charges
Rs 20 per request + NSDL charges
Freeze / Unfreeze Instruction
Rs 50 per request
Delivery Instruction Booklet
Rs 1 per leaf
Frequently Asked Questions
You will receive a welcome kit containing the profile sheet on activation of trading account. Profile sheet of trading account contains the detail of demat account linked with your trading account.
Yes, Religare offers call and trade facility at Rs 10 per executed order (maximum Rs 50 per day in a segment).
Yes, Religare provide the facility of online IPO application.
No, Religare broking does not provide the facility of chat support to the clients.
If you opted for Limited Purpose Power of Attorney then broker will show the stock available in your demat account as POA Stock in the stock report and to trade further, you can also avail margin benefit .
No, Religare does not charge any extra brokerage on cancelling and modifying an order. Transparency is the key quality of Religare.
Yes, Religare is a world-wide platform which is always ready to resolve your trading queries and provide you world-class services. You may need to call on 1860 25 88888, company’s representative will assist you and you can ask for any representative to visit your home with the account opening form and on the scheduled date, company’s representative will visit at your place.
No, Religare broking does not allow forex trading on its platform.
No, Religare only offers 2-in-1 account on its platform.
Religare is equipped with many unique features such as demat account opening with zero AMC charges, handsome leverage facility for intraday trading, online & offline account opening facility method, trading software & tools and more than 1500+ branches are available across India.
3.15 PM is the intraday square-off time with Religare broking.
Yes, you can place After Market Order (AMO) on Religare.
You can hold bonds, shares, mutual fund units, infrastructure bond, ETF, government bond in your demat account.
NRIs/PIOs are allowed to open only one account with any designated bank in a prescribed format for PIS account then that bank can issue a PIS approval letter to the investor.
No, Religare does not offer to invest in US stocks.
Yes, any NRI around the world can invest in Indian Share market through Religare.