Religare Demat Account Charges

Looking ahead for the Religare Demat account charges to get into a trade with the broker? If yes, then here is the detailed information on the opening and other associated charges.

Some of the charges of the demat account with Religare are:

• Demat account opening charges
• AMC charges
• DP charges
• Custodian Charges

Religare Demat Account Opening Charges

The major charges or fees you would require to pay for opening a Demat account are account opening fees which are a one-time payment (only paid at the time of opening the account). 

Here are the Demat account charges in Religare:

Currently, Religare has exempted the “account opening fee”. This means that as of now, you can open a free demat account with the broker.

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Religare AMC Charges

“Annual Maintenance Charges” abbreviated as AMC are levied on both Trading as well as Demat accounts. As the name suggests, this fee is meant for maintaining your account and is charged yearly.

With Religare, you get an extra bonus on AMC as well. You might wonder how?

Well, the AMC on Religare Demat accounts is charged only from your “second year” with the broker.

For the first year, no AMC is charged on your Religare Free Demat account. Further, the AMC amount (that is payable second year onwards) is ₹500 per year.

Since the broker also offers the facility to open the trading account. You can either open both the account together or an individual account. For the trading account alone, you have to pay only the account opening fees while the AMC charges are NIL.

Thus, you can reap the benefits of lifetime trade with Religare by paying a certain sum during the account opening.

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Religare DP Charges

Religare DP charges are ₹12 plus 18% GST per transaction.

But wait! what are dp charges?

In general DP charges are the fees imposed by the depositories on every transaction you make in your demat account. Still, confused?

Let’s make it simple, for every share debited from your demat account, certain charges are imposed on the transaction irrespective of the scrip. So if you make four transactions i.e. debit shares 4 times in a day a total of ₹56.64 is imposed including GST.

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Religare Demat Account Brokerage Charges

Now once you open a demat account, you need to pay brokerage fees to trade in any of the segments. The broker comes up with the My Saver Online Plan the detail of which is tabulated below:

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Bottom Line

Thus, like many other brokers Religare Demat Account charges for opening the account is NIL. But to keep the account active make sure you pay the AMC charges without delay.

If in case you are not using your account for years, then you can close your Religare Demat Account to save yourself from paying the maintenance charges.

Hope this helped and you are now well aware of all the charges involved in having a Religare Demat account.

Happy trading.

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