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Religare Demat Account Charges, Review, Opening

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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.

Demat Account Opening FeeNil
Demat Account Annual Charges (AMC)Rs 400 from second year onward
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Depository Service Charges for Resident Retail Customers

1 Account Opening Charges Nil
2 Annual Maintenance Charges (AMC) Rs 400 p.a.
3 Credit Nil
4 Debit  
  Delivery Given to Religare Pool/Margin Account Rs 12 for Client with POA / Rs 25 for Client without POA
  Delivery Given to any other Account Rs 30 per debit or 0.02% of the value of transaction whichever is higher
5 Demat Processing Charges Rs 2 per certificate
6 Conversion of Mutual Fund units represented by SOA into Demat Rs 20 per request
7 Courier Charges for Demat/Remat/Repurchase/ Redemption Rs 30 per request
8 Conversion of Mutual Fund units represented by SOA/Reconversion of Mutual Fund units into SOA Rs 30 per request
9 Demat Rejection Charges Rs 30 per rejection
10 Rematerialisation/Repurchase/Redemption of Mutual Fund/Reconversion of Mutual Fund units into SOA Charges Rs 20 per request + NSDL Charges
11 Pledge Creation/ Closure/ Confirmation/ Invocation Rs 50 per request or 0.02% of the value of securities whichever is higher
12 Freeze/Unfreeze Instruction Rs 50 per request
13 Delivery Instruction Booklet Rs 1 per leaf
Religare Special Offer

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

Contact Religare / Request Call Back

Get Free Trading + Demat Account for limited time. Get the offer

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


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