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Religare Complaints

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Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare

Complaint against Religare Broker

Religare brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Religare customers. The Religare complaints report analyzes the Religare online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Religare broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Religare complaint no. report also provides Religare’s number of active clients. This shows the growth of the broker year on year.

Religare Complaints

Exchange Financial Year Total Complaints Active Clients
BSE 2021-22 3 47,165
NSE 2021-22 38 152,591
NSE 2020-21 68 132,939
BSE 2019-20 9 45,697
NSE 2019-20 47 111,652
BSE 2018-19 4 42,292
NSE 2018-19 69 162,151
BSE 2017-18 18 75,872
NSE 2017-18 78 143,892
BSE 2016-17 22 52,044
NSE 2016-17 83 120,758
BSE 2015-16 30 54,939
NSE 2015-16 109 120,282
BSE 2014-15 47 40,201
NSE 2014-15 186 129,609
BSE 2013-14 43 821,485
NSE 2013-14 168 116,104
BSE 2012-13 51 795,803
NSE 2012-13 176 803,640
BSE 2011-12 178 756,105
NSE 2011-12 357 769,215

Religare complaint at NSE

2021-222020-212019-20
Active Clients152591132939111652
Complaints386847
Resolved through the exchange255342
Non actionable11112
Advised / Opted for arbitration020
Pending for redressal with exchange223
No. of arbitration filed by clients66
Decided by arbitrators in favour of the clients16
Decided by the arbitrators01
Pending for redressal with arbitrators50

Religare complaint at BSE

2021-222019-202018-19
Active Clients471654569742292
Complaints394
Resolved through the exchange393
Non actionable000
Advised / Opted for arbitration000
Pending for redressal with exchange001
No. of arbitration filed by clients100
Decided by arbitrators in favour of the clients100
Decided by the arbitrators000
Pending for redressal with arbitrators000

Note:

  • * Including against its sub brokers, authorised persons, employees, etc.
  • ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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2 Comments

2. Sumit  May 2, 2020 1:15:04 AM I Like It. | Report Abuse Reply
Religare is a fraud company. They executed my order at much higher price price and even beyond my available margin. They gave me 1000% on their own and put my account in negative 2 lac. They are involved in "Dark Pool Trading".
I have done complaint against them on NSE. their executives are not knowing ABC of stock market and are just trying to hide their mistake.
1. Anil Kumar  May 1, 2020 9:17:59 PM I Like It. | Report Abuse Reply
Religare security is worst, non transparent, charging exorbitant rates, hidden charges, delivery rates very higher side altogether against client interest,margin interest too high..please review.