Religare Review 2023 | Brokerage Charges, Margin, Demat and Details


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Religare Review | Brokerage Charges, Account Opening

‘Values that bind’ is the famous tagline of Religare which means customer’s satisfaction and trust is the top most priority of the company. Incorporated on 1982 as a stock brokerage firm called as Religare Securities Limited (RSL) which is a wholly-owned subsidiary of Religare Enterprises Limited. Religare provides the facility to invest in NSE, BSE, MCX and NCDEX. Religare Finvest Ltd, Religare Broking Ltd and Care Health Insurance are the subsidiaries of Religare Enterprises Ltd (REL). Religare is the depositary participant of CDSL and NSDL, it offers demat and trading account services in its platform. Religare offers many types of financial services to invest in such as equity, derivative, mutual funds, currency, commodity, IPO, insurance, bonds and provide the unique facility to help an individual with PAN, TAN and TDS/TCS returns related documents from the branch. The main objective of the Religare is to maximize the client’s profit by providing the world-class services in affordable and minimum cost. The four-leaf clover is the symbol of the Religare which represents Hope, Trust, Care and Good Fortune. These are the four pillars and values that binds together you with Religare.
Religare group has its presence in more than 1450 locations pan India with over 7000 employees. According to the SEBI guidelines, Religare offers leverage facility in intraday segment. It offers free trading software and tools such as Religare Online Web, Religare Trade on the Go and Dynami. On Dec 20, 2017, the business of Religare’s Securities & Commodities along with depositary participant services of Religare Enterprises Ltd is acquired by the unit of Edelweiss Group’s Wealth Management.

Religare Account Opening Charges:

You don’t need to pay any amount to open a demat account on Religare.



Trading Account Opening Charges

Rs 500

Trading Account AMC


Demat Account Opening Charges


Demat AMC

First year free, Rs 400 from next year onward

Religare Brokerage:

While trading in the stock market on Religare, you need to pay brokerage which is different for all the segment.
• 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 Other Charges:



Securities Transaction Tax (STT)

  • Equity Delivery- 0.1% on both buy & sell
  • Equity Intraday- 0.025% on sell side
  • Equity Futures- 0.01% on sell side
  • Equity Options- 0.05% on sell side (premium)
  • Commodity Futures- 0.01% on sell side (Non-Agri)
  • Commodity Options- 0.05% on sell side
  • Currency F&O- No STT
  • On exercise transaction- 0.125%
  • Right to entitlement- 0.05% on sell side


18% on (Brokerage + Transaction + SEBI fee)

SEBI Charges

0.00005% (Rs.5/crore)

Stamp Duty

(On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001%

Commodity Futures- 0.002%, Commodity Options- 0.003%


Religare Trading Software:

Religare offers free trading software and tools to the clients which are as follows:
1. Religare Online web – It is a browser-based trading platform through which you can trade from any place by using any laptop or desktop.
2. Religare Trade on the go – This is a smartphone-based mobile application that allows customers to trade from any place.
3. Dynami – This is also a smartphone-based mobile application equipped with modern features and available for download in Google play store and App store respectively for android users and IOS users.

Religare Margin:



Equity Delivery

No margin

Equity Intraday

Up to 6x (Based on the stock)

Equity Future

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Equity Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Commodity Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)


Religare Advantages & Disadvantages:

Religare is a very old and popular broker. We must read advantages and disadvantages before choosing Religare.


• Full-secure and diversified platform.
• Online & offline both account opening facility.
• Lifetime AMC free on onetime payment of Rs 2500.
• Free demat account.
• Offers research and recommendation services.
• You can drop the check in the branch to fund your account.
• 24/7/365 customer support.
• Presence in more than 1400 location across India.
• Hassle-free, easy-to-use and ultra-fast trading software.


• Does not offer 3-in-1 account.
• Call and trade charged at Rs 10 per executed order (Max Rs 50/day in a segment).

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.

Religare Reviews