I am using reliance money and icici direct from 2 years, Initially I started with reliance money getting attracted to its 1 paise charge per transaction. Since I was the Novice invester learnt a lot by experimenting with reliance money low brokerage.
Later things started to change every now and then, I dont know the idiot who approves all the new rules that are imposed for reliancemoney. They have forgot that is the portal used by public.
They have such an bad trading portal, which even does not appear to be trading portal. I need not say anything because the ADAG has already proved what they are. Every investor wont forget the Power of Reliance Power, Now once again with Reliance Infratel.
Major Rules changes.
The 1 paise trading has now been changes to 15 rupess per transaction
Limit card which was 2500 for an year with 60 lakh delivery margin is not 1000 for 2 month with 5 lakh limit.
The AMC charge which was 50 rs per annum is 200 rs now.
The Bank AMC has been changed by their own, every month u need to loose money because of the Quaterly balance.
The cash transfer takes double the time as considered to an Integreated account. 2 days for coming to account, later two days for coming to bank.
I dont have the option to select the Zero Rating, hence I have selected 1 start, please dont believe that. I am going to close this account with in an week.
All new investor who want to step into trading never think about Reliance money. Please go for the trusted portal like ICICI Direct(Even brokerage is high but not more than Reliance money)
I dont like to say much about this portal, its waste of my precious time.
All the BEST.