Reliance money - 500/year

[arunstar]

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Alternatively, you can also call them on 3988 6000 or write to them at [email protected]

 

[logmein]

Friends ......

Do help clarify the following.

Week before last, I was in touch with my local Reliance Money outlet/ franchisee ..... and they confirmed that I will need to pay 2500/- for one complete year. Their explanation was that this includes the Access fees (something I confess of hearing for the first time) and also the brokerage of 1 Paisa per Transaction.

Demat charges are 50/- per year.

Also, there is a Transaction Charge of 12/- per Transaction.

Can someone please help throw light on this? No one seems to have mentioned it anyplace ....

Just in case it helps, I hail from Mumbai.

 

[rajinvestor]

Buddy this 1 paisa per tansaction brokerage is 100% FAKE. There are lot of hidden charges here. Almost >5000 Rs have been deducted from my ledger balance for the name of Mandate charges. Other charges are also there. I have been using Rmoney since July this year and have done good amount of transactions and MY EXPERIENCE IS QUITE BITTER. New traders/ D-mat a/c openers should listen to experienced persons as it pinches a lot after all when it will happen with you. Contact me for more details: [email protected]

 

[logmein]

Rajinvestor ........

much as I thought!

Simply no one, I mean no one is talking transcation charges here

Something surely amiss!

Perhaps more sampling and more users posting their individual experiences will help us understand the situation more clearly ..... In the end I think its not evn abt how much they charge as opposed to how they charge ya ... a.k.a. in such a discreet manner

 

[veeruisgreat]

Ive been on Reliance Money for the last 3 months and i haven't had any 'bitter' experience.
where discreetness comes into play - i think thats a universal issue.

I'd deal with RMoney rather than a broker - ANY DAY!!

 

[sweetmpv]

Hi, I have been with Rmoney for the last 6 month, experience have been good and bad, good thing is about their brokerage, bad things are many, they promised me that I can trade in commodities after 1 month of opening the account, I enquired in their office in bangalore, but they do not know when they will start trading in commodities, there was a spelling mistake in my name, they suggest to close the account and open new account.

 

[logmein]

Ive been on Reliance Money for the last 3 months and i haven't had any 'bitter' experience.
where discreetness comes into play - i think thats a universal issue.

I'd deal with RMoney rather than a broker - ANY DAY!!

Great! ..... Now tht we hv one of our brothers on Reliance money .... it'll b great to confirm things wid him offhand

Can you guide us on your current Brokerage/ Overall charge structure so it may dispel any half-quotes? I think all in de forum will find tht a great help