Religare Broking Ltd. was established in 1994 with the aim to provide extraordinary services to its clients. It is a SEBI registered stockbroker and is a member of various stock exchanges like NSE, BSE, MCX, MSEI, NCDEX, and NSEL.
With this, we are all set to dive into the ocean of information regarding the Religare free demat account.
Religare Free Demat and Trading Account
Like other stockbrokers in the market, Religare also provides its customers with two in one account, i.e., Trading Account and Demat Account.
If you are a trader or investor, you would know the concepts of these two accounts, but you might be confused if you’re a newbie. Don’t worry. We got you covered.
Religare Demat account is the one where your purchases from the stock market are stored. On the other hand, a trading account is used for the monetary transactions related to the stock market.
Religare group has an offline presence in more than 1450 locations in 500+ cities across India and employs more than 7000 people. This aspect helps a lot in building trust and security among the clients.
Now, let’s move ahead to discussing the account opening process.
Religare Free Demat Account Opening
After a trader or investor has a clear understanding of the demat and trading account concept, the next step is to open one.
A free demat account is an opportunity as its counterparts charge a lot of money to open and maintain their accounts. So, we should discuss the process of opening a Religare free demat account. There are two ways:
Religare Free Demat Account Opening Online
Log on to the official website of Religare Broking.
On the home page, you’ll find a button that reads ‘Open An Account’.
Click on it, and you’ll be redirected to a page.
Here, enter the required details like Name, Mobile Number, Email ID, and your Location.
Validate it with an OTP.
Now you will see a page where you have to enter all the necessary details like occupation, income, and personal information.
Next, upload the documents like PAN Card, residence proof, photographs, bank statement of the last six months.
All these documents will be verified.
After you receive a unique customer ID and password, you are all set to trade in the stock market.
To open the demat account for free, fill the form below!
Religare Free Demat Account Offline
The process of opening a Religare free demat account is the same, but the execution is done offline. In this scenario, visit the nearest branch of Religare. An executive will assist you, and your demat account will be opened.
To open the account offline, follow the steps below:
Visit the branch and fill the account opening form. Also, you can visit the website and download the account opening form.
Fill in all the details and attach all the documents essential to open a demat account.
Then fill in your bank details with which you want to link your trading account.
Apart from this, you also have to choose the trading segment in which you want to trade.
Submit the form in the branch or send it via courier to the nearby branch office.
On verification and further processing, you will get an access to use the Religare Demat Account.
Free Demat Account Opening Charges in Religare
The stockbrokers levy some fixed charges against the services they provide to their clients. In the case of a demat account, they charge an opening fee and annual maintenance charge (AMC) in the very beginning.
Thus, it is essential to discuss these charges in detail.
Religare offers a particular plan that allows its customers to open a demat account for free and a conditional free AMC. This offer reduces the expenses of a trader by some percentage.
This stockbroker charges no AMC for the first year and charges a fixed amount of ₹300 per annum. A table of these charges is as follows:
Religare Free Demat Account Charges
CDSL & NSDL
Demat Account Opening Charge
Trading Account Opening Charge
Annual Maintenance Charge (AMC)
Zero for the first year, ₹300 per annum after that
Religare Demat Account Toll-Free Number
The quality of Customer Support is an essential aspect while the trader is deciding on opening a demat account with a stockbroker. Religare provides you with an enthusiastic support team.
You can reach out to the broker through multiple communication methods in case of any queries or doubts. They are as follows:
Customer Care Numbers
The following table provides you with all the necessary information:
Religare Toll Free Number Details
Grievance Email ID
Toll Free Number
Customer Care Number (for BSNL or overseas clients)
Help - 1206130300
Call & Trade - 1206798000
Religare is a popular name in the stockbroking industry due to its services to traders and investors for such a long time. The hassle-free trading experience and a great offline presence have added to the credibility of the company.
Religare, on similar lines as that of its counterparts, has started to offer a free demat account. A Religare free demat account comes with zero opening charges, and AMC waived off for the first year.
This service decreases the expenses borne by the trader in the first year and motivates them to work harder to increase their profit margins. It is an incentive in the face of a discount.
We hope this discussion on the Religare free demat account helped you clear your doubts.
To open a demat account for free, fill the form below and a call back will be arranged for you in no time!