For all people interested about Reliance money and how you can use it as a vehicle for your stock, commodity and offshore investment Ideas.
We have a community on orkut that will help you in the same, the link for the community is http://www.orkut.com/Community.aspx?cmm=22513378, join the community.
Why reliance Money?
The least brokerage in the country without compromising on the service.
Brokerage is paid upfront, and there are 3 Slabs
Rs 500 for 1 Cr or two months
Rs 1350 for 3 Cr or 6 months
Rs 2500 for 6 Cr or 1 year
Once brokerage is paid, all you would have to pay would be Rs 12 per transaction.
Comparison for buying and selling 1 lakh of delivery.
Icici: Around Rs 1600
Sharekhan: Around Rs 1200
Indiabulls: Around Rs 1200
RELIANCE MONEY: Around Rs 120
A Single platform for Stocks, Commodities, Insurance and Mutual funds.
So any insurance or mutual fund of any business house could be bought and sold.
CFD'S is the new buzz word.
CFD stands for Contract for difference, something very similar to futures, but the only difference is that settlement happens everyday. With reliance money we could trade most of the international stock and commodity markets with incredibly low margins. A Nasdaq index would require just a 1% margin.
So do post if you have any questions and all of you are welcome to mail me at investments_unlimited@yahoo.com
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3 comments:
Hello my customer id is G000*****.
i would like people out there to look at my grievence and learn from it.
Very bad portal for online trading, i can never see what is the total value of Equities in my account or current value of each stock i hold or price at which they were bought,these are few basic reports every portal has.
Instead of spending my time in trading i waste it always on finding current value of shares/equities in my portfolio and then finding total gain or loss.. very bad stuff i migrated from Kotak to Reliance Money.. but the portal services of Kotak was much better, they were having quite maintained report of existing stocks which told me my purchase price along with current price and calculated gain loss for each, there were options of online share transfer across accounts and even across depositries(NDSL to CDSL) that too free of charge. But here i came to know there is no such option one has to fill a form sign it and walk into Reliance money branch. After that too 25 Rs per request is deducted.. that is really rediculous is it a obligation of CDSL or these charges are put up by Reliance Money itself. The thing is if one plans to use IT as a platform to enhance the business then one should use it in a good way else it looks Relaince ADAG is just starting to create more complex procedures rather then simplifying things.
If you yorself feel that portal of other brokerage houses is much better then can you tell me a reason why should i stay with Reliance Money. Or let me know how do you think that Relaince Money portel is better then others.
I think if these issues are not addresses earlier lot many people will be migrating to other brokerage houses.
I use portals to trade because they let me decide easily about my profit and loss for a particular equity.. and i instantaneously decide on whether to sell or hold a particular equity.. but in this portal there is no such thing happening i am really loosing my profits due to this... i am doubt full if anyone of Reliance ADAG top executives are using this portal.. i am sure they themselves will not use it...
Will be great if you know anyone and can please put my request to some senior person who understands the clients need as it is a waste of time and money to talk to their cuustomer support.
Thanks
I am quoting the reply of Reliance money Customer care dated 20th April,2009 as Under :
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Dear Mr. Gupta,
This is with reference to your phone call at customer support enquiring about the fund transfer.
Your fund transfer request for Rs. 1000 from your HDFC Bank account has been credited to your ledger account on April 18, 2009.
Please find the attached ledger statement from April 01, 2009 till date and confirm the same.
You may quote your reference number as 2366658 in relation to this query.
For any further assistance call us on 3988 6000 or write us at customer.support@reliancemoney.co.in
Yours sincerely,
Customer Support
*********************************
When I checked the attachment of this Email Rs 1000 was showing its credit in my ledger but when I visited at Reliance Money Insta Trade Platform on 20th, This credit amount was not displaying at my Ledger Balance.
Since then I have Written three letters but still my Ledger Account is not displaying the Credit of Rs 1000.
Since then no one is replying neithr from Customer Care nor from Customer Grivencess Cell against my complaint over Emails.
Copy of my third and latest Email Is Quoted below :
*****************************
Reference Number 2366658
Sir
This is my third reminder cum reply in this regard that inspite of your assurance and as shown in the ledger presented in your Email attachment my ledger balance is showing as Rs 1148.3
while
When I tried to check it even today also since your Email date at Insta Trade Trading platform Form Ledger balance , it is still showing Rs 48.3 there and is restrictin me to place any order.
Unable to understand why this descripencies are carrying out inspite of my repetitive Emails and reminder to you.
Please Treat it Most Urgentand clarify the same and also please correct my Ledger Balance effectively at Trading Platform without any further delay.
with Best Regards.
Chandra Mohan Gupta
*********************************
Unable to understand that inspite of passing more than 5 days, still These people are not in a position to correct my Effective Ledger Balance at Trading Platform ??????
Where to lodge its complaint??????
Is there anybody to tell mee for a serious action against such a casual working.
Even though you people are trying to prove that your PORTAL is THE BEST.
Money is not every thing but THE SERVICES which MATTERS.
CHANDRA MOHAN GUPTA
Sir today itself I am unable to open Reliance Money site since 10:50AM till this time i.e. 11.50AM for almost one hour and previously site was working ok and trading platform was working ok.
is This site opening at your Computer also at this time.
Can you afford during day trading for such a long interruption, if not why you are advocating it as a best Trading Platform.
Please ask reliance money personnel to improve their Infrastructure, if they are not ignorring your request, since they are not replying my Emails for the last two months in this regards.
This is another example of their attitude towards their customer.
You can also view my cooment at www.reliancemoneynews.blogspot regarding this and you are also knowing that this blog is being written by Mr Bandhopadhyay who is CEO of Reliance Money.
You can also view only my three comments there and later on I have sent three more comments to him but he does not allowed to display it over blog.
If this is the attitude of a CEO of a Company to hide their problems and not responding or making improvement in the system how one can expect improvement in the system.
chandr mohan gupta
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