Loading...

Religare Demat Account Charges, Review, Opening


1.54% 167,966 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Religare Securities (Religare) is a SEBI registered Stock Broker, Depository Participant, Portfolio Manager and the distributer of financial products in India. Religare is member of BSE, NSE and MCX. Products offered by Religare includes Equity, Derivatives, Mutual Funds, Currencies, Commodities, SIP and Depository Services.

Religare Securities is part of Religare Enterprises Limited, a diversified financial service provider. Religare Enterprises is one of the largest financial group with over 1500 offices around India.

Religare is an e-custodian registered with the National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CSDL). Religare offers depository participant (SP) services (Demat Account) to retail and corporate customers.

Religare Online DP Services provide secure access to the Demat Account online. The Religare Demat Account services can also be accessed through the network of branches.

Key Benefits Religare Depository Services

  1. Online Demat Account Services
  2. Margin facility to trade on existing demat holding
  3. Pledge securities to avail a loan
  4. Convert physical shares to electronic
  5. Convert electronic shares in Demat to shares on paper certificate
  6. Transfer securities to another demat account
  7. Dividend, interest or non-monetary benefits like bonus, rights, etc are settled automatically
  8. IPO allotment, bonus and rights issues are credited automatically
  9. Keeps a track of all investments- Equity, Mutual funds, Gold ETFs, Preference shares etc. at one place which makes it easier for individuals to know their overall portfolio.
  10. If POA activated on demat and linked trading account, no DIS slips required for selling or purchasing stocks.

Zero AMC Demat Account (Lifetime Free Demat)

Religare offers Lifetime free AMC Demat Account when customer pays Rs 2500 onetime charges. This is non-refundable deposit which should be paid at the time of account opening.

Religare Demat Account Review

Religare offers Demat Account through both NSDL and CDSL.

The Religare Demat Account offers all standard demat account related services. Religare demat account can easily be liked with Religare trading account for seamless transactions between them.

The demat services are available online which means customer can access them any time of the day. The account can also be accessed by visiting Religare branch offices.

The AMC charges of Rs 500 per years is on higher side. They also offer AMC free account with Rs 2500 upfront onetime payment (non-refundable). Brokers like ProStocks offer Zero AMC Demat account with Rs 1000 refundable onetime deposit.

Religare Demat Account Opening Charges

To open a new Demat account with Religare, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

ServiceCharges
Demat Account Opening FeeNil
Demat Account Annual Charges (AMC)Rs 400 from second year onward

Religare Demat Charges

Religare trading and demat account opening charges are Rs 500. Religare charges Rs 400 from second year onward per year demat account AMC. Religare demat debit transaction charge of Rs

  1. Delivery given to Religare Pool Account: Rs 15 (Client with POA Religare), Rs 25 (Client without POA Religare)
  2. Any other Account: Rs 30 per debit or 0.02% of the value of transaction whichever is higher
per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 500
2 Transaction Charges (Buy)
3 Transaction Charges (Sell)
  1. Delivery given to Religare Pool Account: Rs 15 (Client with POA Religare), Rs 25 (Client without POA Religare)
  2. Any other Account: Rs 30 per debit or 0.02% of the value of transaction whichever is higher
4 Annual Maintenance Charges (AMC)
  1. Client opting for digital statement: Rs 300 per annum
  2. Client opting for physical statement: Rs 400 per annum
5 Demat + Courier charges

Rs 2 per certificate + Rs 30 Courier Charges

6 Remat

Rs 20 per certificate + CDSL Charges + Rs 30 Courier Charges

7 Pledge Creation

Rs 50 per request or 0.02% of the value of securities whichever is higher

8 Pledge Creation Confirmation

Rs 50 per request or 0.02% of the value of securities whichever is higher

9 Pledge Invocation

Rs 50 per request or 0.02% of the value of securities whichever is higher

10 Failed Transactions

Nil

11 Other Charges
  1. Demat Rejection Charges Rs 30 per rejection.
  2. Delivery Instruction Booklet Rs 1 per leaflet.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Information on this page was last updated on Tuesday, October 1, 2019

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Comments

Add a public comment...