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Religare Complaints

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Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme...

Complaint against Religare Broker

Religare brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Religare customers. The Religare complaints report analyzes the Religare online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Religare broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Religare complaint no. report also provides Religare’s number of active clients. This shows the growth of the broker year on year.

Religare Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2023-24	6	54,625
NSE	2023-24	101	143,944
BSE	2022-23	1	51,181
NSE	2022-23	79	136,020
BSE	2021-22	10	47,165
NSE	2021-22	64	165,416
NSE	2020-21	68	132,939
BSE	2019-20	9	45,697
NSE	2019-20	47	111,652
BSE	2018-19	4	42,292
NSE	2018-19	69	162,151
BSE	2017-18	18	75,872
NSE	2017-18	78	143,892
BSE	2016-17	22	52,044
NSE	2016-17	83	120,758
BSE	2015-16	30	54,939
NSE	2015-16	109	120,282
BSE	2014-15	47	40,201
NSE	2014-15	186	129,609
BSE	2013-14	43	821,485
NSE	2013-14	168	116,104
BSE	2012-13	51	795,803
NSE	2012-13	176	803,640
BSE	2011-12	178	756,105
NSE	2011-12	357	769,215

Religare complaint at NSE

	2023-24	2022-23	2021-22
Active Clients	143944	136020	165416
Complaints	101	79	64
Resolved through the exchange	91	68	46
Non actionable	8	4	15
Advised / Opted for arbitration	0	3	0
Pending for redressal with exchange	2	4	3
No. of arbitration filed by clients	1	3	1
Decided by arbitrators in favour of the clients	1	3	0
Decided by the arbitrators	1	0	0
Pending for redressal with arbitrators	0	0	1

Religare complaint at BSE

	2023-24	2022-23	2021-22
Active Clients	54625	51181	47165
Complaints	6	1	10
Resolved through the exchange	6	1	10
Non actionable	0	2	2
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	0	0	0
No. of arbitration filed by clients	0	0	1
Decided by arbitrators in favour of the clients	0	0	1
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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3 Comments

3. Raju

| Link|March 5, 2024 12:52:58 PMReply

Really it's worst brokerage firm all brokerage firms giving 80% of stock sale amount in their account it's not giving and i asked them we will give tomorrow other brokerage firms giving 80% credit and very high brokerage and their main intention is looting money from investors on the name of brokerage sebi is silent against this firm

2. Anil Kumar

| Link|May 1, 2020 8:17:59 PMReply

Religare security is worst, non transparent, charging exorbitant rates, hidden charges, delivery rates very higher side altogether against client interest,margin interest too high..please review.

2.1. Suresh Reddy

| Link|December 9, 2023 11:44:01 AM

Religare is non transparent, hidden charges are more, don't go

1. Sumit

| Link|May 2, 2020 12:15:04 AMReply

Religare is a fraud company. They executed my order at much higher price price and even beyond my available margin. They gave me 1000% on their own and put my account in negative 2 lac. They are involved in "Dark Pool Trading".
I have done complaint against them on NSE. their executives are not knowing ABC of stock market and are just trying to hide their mistake.