Free Trading + Demat Account

Religare Open Account | Account Opening Process Review


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Religare Securities is India's leading Stock Broker offering online and offline stock trading services. Religare offer trading and investment services across all segments. Religare's office and sub brokers are located in over 500 cities across India which makes them one of the largest brick and mortar brokerage houses offering personalized services to its customers. The wide network of branches serves over 8 lakh customers.

Religare is a member of the NSE, BSE, USE and a depository participant with NSDL and CDSL. Religare offers trading in Equity, Equity Derivatives, Currency Derivatives and Commodity. Religare also offer demat account and its related depository participant (DP) services.

Religare's offers 2-in-1 account which includes a trading and a demat account. Customer can choose not to open demat account if they are planning to trade only in derivatives (F&O).

Like most traditional stock brokers, Religare has verity of prepaid and postpaid trading plans for its customers.

Religare Account Opening

You need a trading account with Religare to trade or invest in shares, commodity or currency segments. If you are planning hold the shares in your account for few days or month, you also need a Demat account with Religare.

It's very easy to open an account with Religare. You could simply open an account online or visit local branch, sub-brokers or franchisee office.

Open an Account in Religare in 2 easy ways

  1. Religare Insta Account (Online Account Opening)
  2. Visit Religare Branch or Sub-broker office

To open an account with Religare for trading, follow one of the steps:

      1. Religare Insta Account

        Religare offers online instant account opening process through eKYC (Electronic Know Your Customer). 5 Steps involve in Insta Account Opening process includes:

        • eKYC Check – Enter PAN Number and Date of Birth to pulls all your information from central KYC database.
        • Profile Creation
        • Bank & Income Details
        • Trading & Product Plan
        • Document Upload
      2. Visit Local Branch or Sub-broker Office

        Visit your nearest branch office of a Religare or its sub-broker to open an account. If you call them, they will also arrange a personal visit to your home for account opening.

Religare Account Opening Specials

Religare has a special offer when you open an account online using Religare Insta Account opening process.

You can open an Online Trading + Demat Account for FREE (zero account opening charges). In addition you get Zero AMC on your demat account for first year.

Religare Account Opening Status

If you have filled online application or submitted an account opening application at a branch office, you could check the account opening status on Religare website. The link for 'Track Your Application' is provided under support section

You could also visit your local branch or call Religare to know about your account opening status.

Account Opening Forms

If you prefer to fill a paper form for account opening, you could visit Religare website's download section to download PDF form. You could also contact your local branch to arrange a personal visit for account opening and demo of trading platform.

Religare Account Closure Process

If you are not using the trading or demat accont with Religare, it is recommended to close it to avoid Annual Maintenance Changes (AMC). To close the account with Religare, visit the nearest branch.

Step to close Religare Account:

  1. Visit nearest branch.
  2. Clear all your outstanding dues in your trading & demat account.
  3. Fill, sign and submit the account closure request form.
  4. In case of joint holders, all holders must sign the form.
  5. Surrender all unutilized Instruction Slips.
  6. Keep the Acknowledgement receipt at safe place.
  7. Follow-up after 15 days to make sure the account is closed.

Religare Account Opening Charges

Customer pays account opening fee for trading account opening with Religare. The account opening fees are as below:

  • Religare Account Opening Charges (Trading Acct): ₹500
  • Religare AMC Charges (Trading Acct): Nil
  • Religare Account Opening Charges (Demat Acct): Nil
  • Religare AMC Charges (Demat Acct): ₹400 from second year onward

FAQ's

  1. Does Religare Insta account opening offers complete online account opening?

    Yes Religare offer instant account opening to all its customer.

    Note that one part of account opening process is still manual (similar to all other brokers). The customer has to download, physically sign and send the Power of Attorney (PoA) documents for demat account to the broker.

    Know more about Power of Attorney for Demat Account - Explained with Examples and FAQs

    Discuss this question

  2. How much time does it take to open account online with Religare?

    The online instant account opening with Religare is fairly quick and in most cases takes less than 30 minutes end to end.

    Discuss this question

  3. How to close Religare Demat account?

    Open a demat account is a quick online process but closing an account is little time consuming compare to open an account. As its offline process, the customer has to submit physical form to the branch or courier it on mentioned address for account closure.

    Steps for account closure:

    Form

    Account closure form can be downloaded from the website of the depository participant or DP or from the broker website.

    Details

    The following details need to be mentioned in the form

    1. DP ID and Client ID.
    2. Details like name and address as per the records.
    3. Reason for closing the account. All account holders are required to sign the closure request form in case of a joint account. POA holder (if any) cannot eligible to sign the closure request form.

    Transfer

    If the demat account has any shares, details of the account to which this balance needs to transferred must be mentioned in the form. The transfer can also be carried out by filling up a delivery instruction slip (DIS) before the closure of the account.

    Process

    After the form is submitted and is in order, it takes 7 to 10 business days to close the account.

    Charges

    There are no charges for account closure.

    Points to note:

    if the account has pending dues, it must be settled before submitting the request for its closure.

    Discuss this question

Information about Religare account opening, Religare open account, Religare opening charges, Religare account opening charges, Religare account opening status, Religare amc charges, Religare account charges and Religare account closure.

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Information on this page was last updated on Wednesday, December 20, 2017


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