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Pros

Offers a diverse range of investment products, including equity, mutual funds, derivatives, and global investing.
Provides in-depth research insights and personalized assistance through dedicated relationship managers.
Zero account opening charges and first-year free annual maintenance for demat accounts.

Cons

High brokerage charges compared to some discount brokers, which may deter cost-sensitive traders.
Lacks a live chat support feature, making immediate assistance less accessible.
Does not offer a 3-in-1 account, which may be inconvenient for some users looking for integrated banking and trading services.

RELIGARE broker Accounts

Religare Securities Account Type

Religare Securities offers two main types of accounts for its clients:

  • Religare One Account: This is designed for regular traders and investors. It features:
    • Brokerage Charges: Zero brokerage on delivery trades and non-profitable intraday trades.
    • Options Pro Plan: Offers a brokerage of ₹5 per lot for options trading for the first three months.
    • Annual Maintenance Charges (AMC): Free for the first year, ₹400 from the second year onwards for the demat account.
    • Religare Elite Account: A personalized plan for premium customers, providing:
      • Brokerage Charges: Starting from 1 paisa, with turnover-based brokerage plans.
      • Dedicated Relationship Manager: Personalized support for all investment-related needs.
      • One-Time Account Opening Offer: One month of brokerage free, up to ₹1000.

      Religare Broker Account Opening Process

      Opening an account with Religare Securities can be done through a simple and straightforward process. Here are the steps:

      • Online Account Opening (Insta Account):
        • Visit the Religare website.
        • Click on the "Open an Account" button.
        • Fill in your name, phone number, email address, and city.
        • Verify your mobile number using an OTP.
        • Complete the application by providing your PAN number, date of birth, and personal details.
        • Link a personal bank account for fund transfer.
        • Upload scanned copies of required documents (Aadhaar card, PAN card, bank proof).
        • E-sign the application using Aadhaar OTP.
        • Once verified, you will receive a welcome kit via email with your account login details.
        • Offline Account Opening:
          • Visit a nearby Religare branch or request a representative to visit your home.
          • Fill out the account opening form and submit the required documents (PAN card, Aadhaar card, address proof, and bank statement).
          • The account will be activated within 3-4 days after KYC verification.

          Documents Required:

          • PAN Card
          • Aadhaar Card
          • Bank Statement/Cancelled Cheque
          • Passport Size Photo
          • Income Proof (if trading in derivatives)

RELIGARE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
RELIGARE Account