Religare Consumer Complaints

Religare Detail

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

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Religare brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Religare customers. The Religare consumer 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 Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ?
NSE 2020-21 114,003 18
BSE 2019-20 45,697 9
NSE 2019-20 111,652 47
BSE 2018-19 42,292 4
NSE 2018-19 162,151 69
BSE 2017-18 75,872 18
NSE 2017-18 143,892 78
BSE 2016-17 52,044 22
NSE 2016-17 120,758 83
BSE 2015-16 54,939 30
NSE 2015-16 120,282 109
BSE 2014-15 40,201 47
NSE 2014-15 129,609 186
BSE 2013-14 821,485 43
NSE 2013-14 116,104 168
BSE 2012-13 795,803 51
NSE 2012-13 803,640 176
BSE 2011-12 756,105 178
NSE 2011-12 769,215 357

Religare complaint at NSE

2020-212019-202018-19
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year
No. of active clients114003111652162151
No. of complaints received *184769
Resolved through the exchange94266
Non actionable **420
Advised / Opted for arbitration000
Pending for redressal with exchange533
No. of arbitration filed by clients63
Decided by arbitrators in favour of the clients62
Decided by the arbitrators10
Pending for redressal with arbitrators01
% of No. of complaints as against No. of active clients0.010.040.04
% of complaints resolved as against complaints received72.2293.6195.65

Religare complaint at BSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year1026242998660954809
No. of active clients456974229275872
No. of complaints received *9418
Resolved through the exchange9318
Non actionable **000
Advised / Opted for arbitration001
Pending for redressal with exchange012
No. of arbitration filed by clients001
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000
% of No. of complaints as against No. of active clients0.020.010.02
% of complaints resolved as against complaints received10075100

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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Are you a day trader?

2 Comments

Sumit
2. Sumit  May 2, 2020 00:15 I Like It. | I Don't 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.
Anil Kumar
1. Anil Kumar  May 1, 2020 20:17 I Like It. | I Don't 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.








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