Reliance money

P

prbhat

New Member
#1
#1
Hi,
I wanted to open a reliance money trading account and called them. One of the correspondent explained me all the plans but was not satisfied with the way she answered my queries.It seems that she is not so familiar with the latest brokerage and rates.

For the 500 Rs plan, as per her explanation, it is valid for 365 days or 2 lakh turnover( whichever is earlier). I want to know if 2 lakh is the delivery limit or total turnover limit.

Say if I invest 20,000 Rs per day in intra day mode and sell the stocks in the evening with some profit, my turnover for the day will be 40,000 Rs+ profit.
So will my validity for 500 Rs gets over by the end of 5th day?

Also please update me with the latest brokerage and other charges in reliance money.

I will be so thankful if someone answer my doubt. Please clarify my doubt.

Thank you
prbhat
 
P

prbhat

New Member
#4
#4
Hi ,

Thank you for the suggestion. Even I got the same reply from 99% of the people whom I asked about reliance money. I will not go with R-money. But can you people suggest me any other good broker who is best for both intraday and delivery.

Thank you
prbhat
 
S

sanyad74

Active Member
#5
#5
prbhat said:
For the 500 Rs plan, as per her explanation, it is valid for 365 days or 2 lakh turnover( whichever is earlier). I want to know if 2 lakh is the delivery limit or total turnover limit.

So will my validity for 500 Rs gets over by the end of 5th day?

Also please update me with the latest brokerage and other charges in reliance money.
Click to expand...
Yes in Rs 500 Coupon, you will get only delivery , No margin trading. its up to you whether you take delivery to next day or close at 3:10 on the same day.

Yes on 5th day you need to recharge the coupon otherwise they deduct the same from your ledger book

Recently, 15 Rs will be charged on every sell and buy counters. This amount is additional than the normal broker charges.
 
P

prbhat

New Member
#6
#6
Hi,
Oh no. Then how can we consider they are providing 1 paisa brokerage? Reliance money is making its customers a " Bakhra" . I dropped plans to go with reliance money. I am under big confusion where to open my account among so many brokers available.

Thank you
prbhat
 
S

sibumajumdar

Well-Known Member
#7
#7
prbhat said:
Hi,
I wanted to open a reliance money trading account and called them. One of the correspondent explained me all the plans but was not satisfied with the way she answered my queries.It seems that she is not so familiar with the latest brokerage and rates.

For the 500 Rs plan, as per her explanation, it is valid for 365 days or 2 lakh turnover( whichever is earlier). I want to know if 2 lakh is the delivery limit or total turnover limit.

Say if I invest 20,000 Rs per day in intra day mode and sell the stocks in the evening with some profit, my turnover for the day will be 40,000 Rs+ profit.
So will my validity for 500 Rs gets over by the end of 5th day?

Also please update me with the latest brokerage and other charges in reliance money.

I will be so thankful if someone answer my doubt. Please clarify my doubt.

Thank you
prbhat
Click to expand...
Dear Prabhat, Plz dont opt for. They crooks/cheats. all clients r crying. If u want keep on smiling then forget RMoney. PIB is an excellent platform i (iam using for 1 year) but charges r high. U can go for SR Insight (i have).Now upto U...Thanks....SM
 
Last edited:
P

prbhat

New Member
#8
#8
Hi sibumajumdar,

Thanks for the suggestion. As I am newcomer for trading and for this forum, I could not understand terminologies like PIB and SR. It would be kind if you could please tell me them.

Thank you
prbhat
 
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