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FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Zerodha Trade@20
Religare Broking Ltd is part of Religare Enterprises Limited (REL), providing complete financial solution to its clients including Equity & derivatives trading, commodity trading ((through its subsidiary Religare Commodities Limited), Currency Trading, DP service, NRI service, Mutual Funds, Fixed Income with more than 450+ branch office network across India. Religare have both an online and offline platform.
To open a new account you need to submit the physical form with all required documents which include PAN, Aadhar, Address proof, photo and bank statement/personalize cheque. After receiving the filled form, the company will verify your KYC, and complete KYC related formalities. A welcome kit will be shared with you on your registered email address. This account opening process will take 3-4 days. Religare started the paperless account opening process, documents required are PAN card, Signed Personalized Cancelled Cheque, Address Proof and Passport Size Photo.
After receiving a welcome kit, you can log in on Religare Mobile app (Dynami Trader), Religare Web version (Religare Trade Now) or Religare Desktop software for trading. You can transfer fund online via net banking, Payment gateway, NEFT/RTGS or deposit a cheque. Once you load your margin money you can start trading in Equity, Derivatives, Currency, Commodity and Invest in Mutual fund. Religare also provides free equity research and mutual fund research to its customers, so you can get free access to Religare research platform. Religare has a strong presence on international location for NRI customers. Investment in IPO can be done via the ASBA process (Net Banking from your Bank) using Religare Demat Account number. Religare also offers free Smart Stock Screener/MF Screener for stock tips to its customer for a better return.
Religare Broking Ltd, Company is still focusing on Traditional broking business, where other competitors started investing heavily in online broking business. On Technology, Trading platform Religare is doing competitive with other full-service brokers. On customer support company is dependent on the branch network, so the online customer doesn’t have clear access to information and services. Religare Broking Ltd brokerage is cheaper than its close competitors which are plus point, multiple plans to choose as per your investment/trading strategy. The interest rate on margin money is 21% PA which is a bit higher with its competitors. Exposure for traders are average and not at par in competition with discount brokers. Overall big brand name in the traditional brokerage business, but not competitive for online investors/traders. PAN India presence makes a big value addition for people who still prefer an offline mode of trading/investment.
To open a new trading account with Religare, one needs to visit the nearest branch or provide your contact number and a representative will contact you for next steps. If the branch office is not present in your city, then the support team is going to guide how to open an account online. If you open an account online you will get Free Demat and Trading account with one-month brokerage refund with some specific T&C. The Company only offers 2 in 1 account which includes Trading + Demat account with Free Mutual Fund account. For Commodity trading, separate account needs to be open.
Religare offer - Free account opening and Zero AMC to open a new online account. Special Offer for online account - First month brokerage copletely free.
To open a new trading and demat account with Religare there is no promo code available.However company is offering first month brokerage refund without any Promo Code.
Religare referral - No referral plan offered by the company.
Last Updated on 2023-09-13
