Reliance Securities, A Reliance Capital Limited Company, is the financial services division of Reliance Anil Dhirubhai Ambani (ADA) Group. Reliance ADA group is among top 3 business houses in India with wide range of presence across various sectors. ...
Don't open demat account in Reliance money. They will offer you cheap charges initially but gradually will increase the same. For example, If someone has opened demat account in Jan 2008,their AMC was Rs.50 only.But within few months , they increase it to Rs.200. Further, they have increased their brokerages in the same manner. So, avoid this broking firm.They will cheat you when you open your account with them.
598. shreelatha Feb 11, 2010 2:47:43 PM IST | Reply
I was thinking of the same on how to get more details on opening a demat account for reliance money.
Can I know what is the procedure to open a demat account and also Can I know how much is the brokerage charges and Is there any annual or montly charges and service charges?
590. MANIKANDAN Jan 30, 2010 6:58:31 PM IST | Reply
RELIANCE MONEY has Trading software called SUPERTRADE which is USELESS one. Of course you can save money on brokerage, but definitely you will loose your capital because of the problems in this software. ISSUES. 1. If you place an order it will neither show the status as accepted or executed. It will show as INPROCESS. You need to call 39886000 a customer care number where you will be asked plenty of questions by the people attending phone calls before that your target for the scrip may disappear. For such phone order they will debit your trading account . 2. If you invoke NET POSITION report to square off your open position, it will show an error message as INVALID SCRIP. 3. If you are an OPTION trader your volume will be calculated by including strike price. for example if you buy one lot of NITY 4900 CE @ Rs.100 (They calculate volume as (4900+100)x50) (Volume Rs 250000). 4. Apart from all of this when ever you see a huge volume in NSE trading route, most of the time the software will not work in peak hours. For example last month (During Second week of January between 3.10 pm and 3.25 p.m) the entire software did not work. In such a critical stage you cannot contact customer care. Either you will receive line busy message or you can hear the line keep on ringing. 5. When ever your limit card expires, they never send any intimation to you either by SMS or by email. They will debit your trading account as and when they wish. In early days, they used to debit in bulk amount for limit card in single day. I incurred huge loss only with a myth to save brokerage. Now I moved to another company. Of course the charges are little more but I have peaceful trading experience If your view is only to save brokerage without profit you can choose these people. If your real intention is to earn money, it is my personal advice to choose any other company. These big corporate people want to sweep a huge amount from traders by way of offering this Rs.6000/- Limit Card. Their intention to earn more profit before 31st March 2010 to deliver a good financial result. Think twice.
You have to pay in advance before starting your trade. If you find any difficulty in trading you will not get back this amount.
THE BEST PRINCIPLE IS Trade and pay Brokerage. Do not pay brokerage in advance and then Trade. In Trade and pay concept you have the option to switch over. In the second option you have to digest the problems.
589. Bharath Kumar Jan 28, 2010 2:33:39 PM IST | Reply
Hi, Please I need details about Reliance Money Dmat and how much brokarage charges in this demat account.
Can I knoe what is the procedure to open a demat account and also Can I know how much is the brokerage charges and Is there any annual or montly charges and service charges?
587. satyajit Das Jan 21, 2010 3:46:07 PM IST | Reply
I have both ICICI DIRECT and RELIANCE MONEY account. ICICI DIRECT is is far better than Reliance Money. ICICI DIRECT is very transparent with their dealings, where as R Money is fooling customers. R Money web site has frustrating speed.
Hi, I personally have Rel Money demat account. Don't go for this Rmoney account since they fooling investers.
For retails, You have to pay 500 per year and will have a limit of 2L only. For transaction they will charge 15Rs.
May be this is good for biggies...
584. Bhushan Sharma Jan 20, 2010 3:41:43 PM IST | Reply
I really like the services offered by Reliance money... They have taken many initiatives since the beginning and are growing well... The recent branch dealing desk has really been a boon.. There is more trust i feel..... good going RM....
Hi mital.... I have heard abt it today morning ..i spoke to one of my frnd who suggested that i shud take it ...its a good offer ...they r giving free research tips with it .... ...also providing super trade platform alongwith the offer....will consult few more ppl ..suggest u call their nearest cust service office and find out details ...
dear r.maney i have demat a\c and i want to know how to have profit and no loss and what are the charges a trading in dilevry trading and margin trading please
581. Hemant Bais Jan 09, 2010 10:57:51 PM IST | Reply
What is a Demate account? Can a Govt. employees open a Demate account? What is the procedure to open a Demate account and what are the other expenses and the minimum investment amount required? What the further trading
580. Nithianand Jan 09, 2010 10:06:16 PM IST | Reply
I am already a forex trader... i need to know about the offshore investment that reliance offers. i want to trade US equities through reliance....
Please throw some light, your help would be highly appreciated....