Responses to “Religare changes Online Broking Rules, introduces Trade Rewards
Rewards as a percentage payout of the total cost of interaction are usually very low. Todays customers are not fooled by such tactics. 2 years down the line having realised that religare is not even recovering the cost of advertising the trade rewards, religare itself will stop the program. Just watch and see.
Thanks. While that may well be the case, I guess one has to operate in current realities as well, and with the crowding and noise that the online investing space is seeing right now, its a pretty innovative device to break the clutter.
This account facilitates buying and selling of shares online
This account also helps in investing in Mutual Funds and IPOs online
Since brokerage account is only a facilitator account, it does not require any joint holding or nomination.
Brokerage account is opened in the name of the sole holder(Mr. X) only
Also there is no nomination for the brokerage account
Any or all of the above accounts can be opened with the same application form
There is one unique user ID for trading through all the above accounts