Reliance Money Demat Account

Reliance Money the broking arm of the Reliance Capital offers various brokerage services and benefits. To gain experience of its services, open Reliance Money Demat Account.

Reliance Money, the full-service stockbroker with its headquarter in Mumbai is known to offer the best brokerage services with its customer-centric features and plans.

Earlier known as Reliance securities, it has a membership with BSE and NSE, MCX, MCX-SX, NCDEX, NMCE. This allows the clients to trade in different available segments like; Equity, Derivatives, Currency, IPO, Mutual Funds, Commodity, etc.

To enjoy seamless trading experience know why should you have a Demat account  and how to open NSE Account 

Demat Account with Reliance Money

Wondering why to open a Reliance Money Demat Account, here are some of the top features that you must look into.

Reliance Free Demat Account is a completely paperless process thus making the process easier and hassle-free.

It opts for technology power into the business that helps them in creating world-class trading platforms. The trading tools of Reliance Money makes trading easier for traders.

Other than the simple process, the firm has a team of a highly experienced research team that provides different reports by undergoing detail research and analysis. Thus, it helps you in making the right investment decision.

Above all, it is the market leader offering competitive brokerage charges and innumerable benefits.

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Reliance Money Demat Account Opening

If you are interested to open the Reliance Money, then you can open it no time. The firm provides the online provision to open the Demat account online. So, unlike another brokerage firm, you do not have to visit the branch or go to the franchise centres to open your account.

Just follow the steps below and get your account open without any hassle:

1. Visit the website and click on the button with the link “Open Demat Account”.
2. The form appears on your screen.
3. Enter all the details like your name, mobile number, email address.
4. Upload the scanned copy of all the essential documents like Aadhaar Card, PAN Card, etc
5. On documentation, you will receive a call from the executive.
6. On In-Person verification, the Reliance Money Demat Account and trading account opens and activated in 24-48 hours and the login credentials will be sent to your email address.

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Want to open a Demat account

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Reliance Money Demat Account Opening Documents

While filling the online application form to open the Reliance Money Demat Account, it is important to upload the scanned copies of important documents enlisted below:

Identity Proof

• Voter’s ID Card
• Aadhaar Card
• Driving License
• PAN Card

Address Proof

• Aadhaar Card
• Electricity bill
• Telephone Bill

Income Proof

• Bank Statement (last six months)
• Salary Slip
• ITR
• Bank Details
• Cancelled Cheque

Passport Size Photographs

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Reliance Demat Account Charges

Reliance Money the leading broker offering customer-oriented services is the best choice to open the Demat account.

Coming to the Reliance Money Demat Charges, the account is opened for free. But the margin money requirement is a bit higher and equals to Rs.25,000/-. This creates a hindrance for many who face a shortage of capital.

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Reliance Money AMC Charges

Demat Account Annual Maintenance Charges or simply called AMC charges for maintaining the Reliance Money Demat Account is Rs. 400.

This is the standard charge imposed by the broker, but if you are a high-value trader, then these charges can be waived off by the company.

For trading account, there are zero AMC charges and thus there is no requirement to pay the fees for maintaining the trading account with the company.

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Reliance Money Demat Account Closing Form

Every Demat account has some associated annual fees commonly known as AMC charges. So if you are not operating your Reliance Money Demat Account then itis good to close your account.

Make sure you vacant your account or transfer the shares to another operating Demat account.

Also, if there is any negative balance, then it should be settled before submitting the request.

If you are not operating your Demat account then follow the steps below to close your account.

• Visit the website and download the account closure form.
• Enter details like DP ID and Client ID
• Along with this, mention other details like name and address.
• Give the reason why you want to close the account.

If there is any share in your account, then transfer all your holding to another active account.

To transfer the share by filling the delivery instruction slip.

Send the form to the firm address or by depositing it to the nearby branch.

In general, it takes 7-10 days to close the account.

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Bottom Line

As already discussed, the Reliance Money Demat Account is the most sought among all the brokerage firms.

Offering great support and services it has gained the trust of many customers and continuously works towards offering the best facilities and advice to its customers.

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Looking ahead to grab more information, feel free to contact us.

 

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