I have been a regular trader and opened an account with this basta*ds thinking its cheap and good.
[Though at the back of mind, it always said never trust the name RELIANCE].
I m a regular options trader and they said the value of trade wud be calculated by the premium of option * no. of lots.
for eg. if I buy one lot(50 no:s)of 4000 Nifty put of value say Rs 30/-, the value of my trade wud be 30 * 50= Rs 1500/-. But these beggers calculates as(4000+30) * 50, ie s more than 2 lacs.
Like these my trading value exceeded the Linit card and without my knowledge they renewed the card twice and told me when enquired that I carried out trades worth more than 50 lacs.
This is pure cheating, I had clearly asked the Sales Executive how the trading value is calculated and he mentioned its the premium amt* lot size only.
If u r using R Money, pls check ur limit card and u will come to know that they r deducting money without ur prior( or after) knowledge.