Free Trading + Demat Account

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 Acct Opening Fee

To open a new demat account with Religare, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Religare Demat Account Opening Charges and Religare AMC as below:

  • Religare DP Account Opening Fee: Nil
  • Religare DP Account AMC: ₹400 from second year onward
  • Share Debit Transaction Fee: 0.03% or Rs 30 whichever is higher
  • Is demat account mandatory?: No

Religare Demat Account Charges

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

Information about Religare demat account, Religare demat account review, Religare demat account charges, Religare demat account opening, Religare dp charges, Religare demat charges, and Religare dp id.

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


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