RelianceMoney

Hi,
Can Somebody throw light on RelianceMoney demat and trading Service.

1) for prepaid card of Rs 500 they allow 90lacs intra and 10 lacs delivery
My doubts
The Reliance Money ppl told they will charge Rs 12 per sell trade above this.
when i asked if i placed sell of 100 sail and during the day it sold after each 10 mintues 10 share will i incur 10*12 Rs charges they said yes is it so.
One reliance fellow told if you place via internet it is Nil but if you call and place order on phone it is charged Still another told it will be charged only for delivery based sell
can somebody having account with Reliance money tell what is the exact charges


Thanks

if you buy and sell on the same day (via internet) intrayday charges applied.. so after 10 min you sell something, 12rs will not be charged.

for delivery only, rs. 12 is charged at month end per sell transaction (CDSL charges Rs.12). and other things you can find in the forum.. just search for reliancemoney.

My Doubt is abt Delivery
At 10 AM I place order for 1000 shares of sail

Trades as follows
Time Shares sold price
10.05 491 203.10
10.10 100 203.10

10.20 100 203.10

10.30 9 203.10

(price falling so I change order for remaing at Market price)

11.40.14 100 202
11.40.15 100 201.90
11.40.16 100 201.8

How much charges will I pay
is it 7* 12 = 84
or just 12
or else what will be the charges
or 2* 1

Dear all,

I have a account with reliance money for more than 2 years. It is one of the worst company which giving demat services.

I share my experience, listen last week i shortsell RNRL 400 shares at price 66.90 at 12.00 am but they never executed that order even after 2PM. Afterwards The RNRL went into the price of 63 Rs. I lost Rs 1200 Rs bcoz of worst service of reliance money

They have lot of technical problems in executing orders in correct price. Please avoid reliance money.

Thanks