I opened a trading account with Religare as they said account opening is free. But the branch manager Coimbatore obtained a cheque for Rs500/ promising to credit my account. He promised low brokerage charges. But the letter from Religare showed higher brokerage charges. So I stopped payment on Rs10000/ cheque issued by me and asked them to refund Rs500/. They never responded and sent a bill for Rs445/ towards demat account maintenace. They are cheats.