Reliance Money Review and Brokerage Information

Reliance Money Review

Reliance Securities is the broking arm of Reliance Capital is the one of the India’s leading retail broking houses in India. Reliance Money provides its customers with access to equities, equity options and commodities futures, wealth management, wealth management services, mutual funds, IPOs and investment banking. Reliance Securities has over 7.5 lac retail broking accounts through its pan India presence with over 170 branches. Reliance Money is the third party distribution business of reliance Capital which provides comprehensive financial services and solutions like general Insurance products and loans

Reliance Money Brokerage Charges:

Reliance Money provides two types of Brokerage plans, namely R-Fixed and R-MAX

R-Fixed:

The brokerage fees are fixed irrespective of initial deposit and volume of monthly trade. 

  • Delivery based Trades : 0.5% or 50 Paise
  • Intraday Trades: 5 Paise
  • Futures Trades: 5 Paise
  • Option Trades :  Rs 70 Per lot

R-MAX:

The customers have the option to reduce the brokerage commissions considerably by paying a upfront charges. Reliance money has multiple brokerage slabs depending upon the subscription amount the customer opts in. Below table gives the details of the various slabs and respective brokerage.  But please keep in mind the tenure period, because the amount deposited will lapse at the end of the period, if not utilized.

Scheme NameAdv BrokerageScheme TenureDeliveryIntraday FuturesOptions
RMAX-2500Rs 2500/-3 Years0.30%, Subject to Min 5Paisa/Share0.035%, Subject to Min 1Paisa/Share0.035%Rs 55/-
RMAX-5000Rs 5000/-3 Years0.25%, Subject to Min 4Paisa/Share0.025%, Subject to Min 1Paisa/Share0.025%Rs 50/-
RMAX-10000Rs 10000/-3 Years0.20%, Subject to Min 3Paisa/Share0.020%, Subject to Min 1Paisa/Share0.020%Rs 40/-
RMAX-25000Rs 25000/-3 Years0.15%, Subject to Min 3Paisa/Share0.015%, Subject to Min 1Paisa/Share0.015%Rs 35/-
RMAX-50000Rs 50000/-3 Years0.10%, Subject to Min 2Paisa/Share0.012%, Subject to Min 0.5Paisa/Share0.012%Rs 25/-
RMAX-100000Rs 100000/-3 Years0.10%, Subject to Min 2Paisa/Share0.008%, Subject to Min 0.5Paisa/Share0.008%Rs 12/-
RMAX-200000Rs 200000/-3 Years0.08%, Subject to Min 1Paisa/Share0.005%, Subject to Min 0.5Paisa/Share0.005%Rs 10/-

Reliance Money Trading Platforms:

  • Reliance Money Easy Trade

          It is a web based platforms, using which the trader can access their account without any software installation requirement

  • Reliance Money Insta Plus

        It is an advanced online trading platform that provides best-in-class internet trading features and delivers a seamless and rich online trading experience to retail investors.

  • Reliance Money Insta Express 

       It is an PC installable application which suits high speed trading. Live streaming of quotes, integrated fund transfer, multiple watch windows are the some of the features of Insta Express

  • Reliance Money R Mobile Express

         It is the Mobile trading application from Reliance securities. trade on the go, fund transfer, view balance and holdings are some of the features of R Mobile Express.

Reliance Money Account Opening Charges:

  • Trading Account Opening Charges (One Time): Rs 950/-
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges : Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 200/- per Year

Reliance Money Demat Charges:

  • Annual Services Charges : For Individuals & HUFs & Trust
  • Annual Services Charges : For NRIs & Foreign Nationals & Others
  • Transaction Charges : SELL side for instructions given in physical form.
  • Transaction Charges : SELL side for through online trading through Reliance Securities Ltd

Reliance Money in comparison with other Stock Brokers:

Check out how Reliance Money equates with other brokers

Reliance Money Comparision Matrix
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For comparison of Reliance Money with more brokers, Visit our Side By Side Comparison of Stock Brokers page

List of documents required to open account with Reliance Money :

  • 3 passport Size color Photographs
  • PAN Card (mandatory)
  • Address Proof – Any one of following
    • Passport
    • Ration Card
    • Voter Id
    • Driving License
    • Electricity Bill
    • Bank Statement (latest 6months)
  • If you want to trade derivatives then 1 copy of any of the following documents:
    • Pay slip (latest)
    • Form 16 / IT Returns ( latest)
    • 6 month Bank statement (latest)

Also Read : Ten Most Popular Share Brokerage Companies of India

Reliance Money Registration and Contact Information:

Equities Capital Market: NSE:- INB 231234833 | BSE:- INB 011234839  Equities Derivatives:- NSE:- INF 231234833 | BSE:- INF 011234839 
Currency Derivatives: NSE:- INE 231234833 | BSE:- INE 011234839  CDSL SEBI Registration Number Depository Participant: IN-DP-CDSL-357-2006 
NSDL SEBI Registration Number Depository Participant: IN-DP-NSDL-363-2013  Mutual Funds : AMFI ARN No.29889 
Reliance Securities Contact Information: 
G-1, Ackruti Trade Center, Road No -7, MIDC, Andheri (E) Mumbai,  400 093
Phone: (022) 2835 8800 / 3083 7700
Reliance Money Customer Care No: 022 39886000 | 022 25816000
For Service Request/Queries: feedback@angelbroking.com  
For Depository Queries/Complaints: dpgrievance@rsec.co.in
For Grievances:  grievance@rsec.co.in 

That’s about review of Reliance Money.  If you already have account with them, let us know your experience (good or bad) and ratings/critics or any problems/issues faced through the comments.


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Reliance Money
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Filed Under : Indian Share Brokers Reviews

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