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09 Dec 2016 | 1:21 PM
 
New Customer

FAQs - Account Opening Process

Who are eligible for opening an account with Religare Broking?  
  Trading Segment wise list of person eligible for trading and invest through us:
 
Investor Class Trading Segment(s)
Equities Derivatives Commodities Mutual Funds Currency Derivative Currency Derivative FD & Bonds
Resident Indians
Domestic Corporates
Hindu Undivided Family (HUF)/ Partnership Firms
NRIs    
QFIs            
Domestic Institutions (SEBI Registered)      
Overseas / Foreign Corporate Bodies            
 
     
How do I request for a form to open an account?  
  You can choose any of the below option for availing the account opening form:  
     
What are the documents required to be submitted along with my account opening form?  
  Below is the list of documents required to complete the statutory requirement:
Requirement Requirement
Permanent Account Number (PAN) PAN card with signature (Front and back)
Identity Proof # Any one document out of the following:
  • Pan Card with photograph
  • Passport (Copy of name, address & photo page)
  • Driving License (Copy of name, address and photo page)
  • Voter’s Identity Card (Front & Back)
  • Aadhar Card (Copy of name, address and photo page)
  • ID Card with Photo issued by Central/State Govt., Statutory/Regulatory authorities, Public Sector Undertakings, Colleges affiliated to universities, Scheduled Commercial Banks, Public Financial Institutions, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc, and Credit cards/Debit Cards with photo issued by Banks.
Address Proof (any one) Any one document out of the following:
(Document with expiry date should be valid on date of submission)
  • Passport (Copy of name, address & photo page)
  • Voter’s Identity Card (Front & Back)
  • Ration Card/Aadhar Card (Copy of name, address and photo page)
  • Registered Lease or Sale Agreement with of Residence/Flat Maintenance Bill/Insurance Copy
  • Utility Bills like telephone bills (only landline), Electricity Bills or Gas Bill – Not more than 3 months old.
  • Driving License (Copy of name, address and photo page)
  • Bank Account Statement/Passbook - Not more than 3 months old.
  • Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.
  • Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the Legislative Assembly/Parliament/Documents issued by any Govt. or Statutory Authority.
  • Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members
  • The proof of address in the name of the spouse may be accepted.
Bank Proof
  • Personalized Pre-printed cheque leaf Or
  • Cancelled cheque with bank statement/pass book
  • Driving License (Copy of name, address and photo page)
Other Requirements
  • Duly filled & signed application form.
  • Photograph pasted and across signed
  • In – Person verification on supporting document with applicant’s signature.
  • Account Opening Cheque in favour of “Religare Securities Limited” for Equity Accounts
  • Account Opening Cheque in favour of “Religare Commodities Limited” for Commodity Accounts
  • ID Card with Photo issued by Central/State Govt., Statutory/Regulatory authorities, Public Sector Undertakings, Colleges affiliated to universities, Scheduled Commercial Banks, Public Financial Institutions, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc, and Credit cards/Debit Cards with photo issued by Banks.
Derivative Trading Registration For trading in derivatives segment financial income proofs required with any of the following documents:
  • Copy of ITR Acknowledgement
  • Net worth certificate
  • In case of salary income - Salary Slip, Copy of Form 16
  • Bank account statement for last 6 months
  • Copy of demat account holding statement – not more than 3 months old
  • Any other relevant documents substantiating ownership of assets.
 
     
Can I link multiple bank accounts with my trading account?  
  Yes, you can get your multiple bank accounts linked with your trading account.
 
     
How do I know my application has been accepted and track its status?  
  You may track your account opening status online @ http://www.religareonline.com/CustomerServices/cutSer_TrackApp
Alternatively you may mail to us @ wecare@religareonline.com  your account opening form number or PAN number to track your details at our end & revert back to you.
 
     
What are the documents I would receive once my account is opened?  
  You would receive a welcome kit once your account is activated. This welcome kit shall contain the following
  • Client Profile sheet :
    This document will contain all details of your trading account which you shall require for operating your account like Your Trading Account number, Your CRN number, Your Relationship Manager & Dealer’s details, Your branch address and contact number, Linked (Registered) Bank & Demat account and brokerage applied on your trading account.
  • CRN Password :
    CRN is a single online back office interface by which you can verify your transactions, account details and all other back office trading reports with a single sign on. A sealed envelope bearing your password for CRN login will be shared with welcome kit.
  • Client Master :
    This document will contain all details of your depository account which you shall require for operating your account like your Depository Account number, your Nominee to the account, your correspondence address, contact details and linked (Registered) Bank account wherein you’ll receive all your cash corporate actions directly through registrar.
  • Brokerage addendum if applicable :
    In case you have opted for specific brokerage plan, you’ll receive the executed copy of the brokerage addendum also.
  • DIS Booklet :
    In order to operate your depository account, you’ll receive your depository account cheques book commonly referred as “Delivery Instruction Slip”, you can use the given DIS booklet for transferring shares from one account to another by submitting duly filled hard copy of DIS to your branch and meet out your trade obligations.
 
     
Is opening Depository account mandatory along with Trading Account?  
  Yes, Depository account is custody account for keeping securities therefore it is mandatory to have depository account along with trading account.
 
     
Whether a joint depository and trading account can be opened? Whether the stated account can be operated on either or survivor basis?  
  A depository account can be opened in joint names, however a trading account can only be activated in single name.

A joint depository account can’t be operated on either or survivor basis. Any one holder can authorize the other holder to operate the account by issuing necessary power of attorney.

A joint depository account in the name of A as first holder and B as second holder can be linked with a trading account of only A as the sole holder.
 
     
What is Limited Purpose of Power of Attorney? Is it mandatory to open trading and depository account?  
  Limited Purpose Power of Attorney is an authorization given by donor to it’s broker for availing the auto pay-in facilities. Limited Purpose Power of Attorney restricts the donee for transfer of securities only against trading obligation to the pre-defined accounts.

No , Limited power of attorney is not mandatory but considering time and efforts involving regular pay-In of securities , it is advisable for regular r trader to register limited power of attorney to avail the facility of auto pay-in of securities against trading obligations.
 
     
What are the AMC schemes provided by Religare for depository account?  
  We offer multiple AMC schemes to cater to the requirement of different investor classes. The current list of schemes being offered is listed below:
AMC SCHEMES Customer Opted for Digital Statements Customer Opted for Physical Statements
Rs. 300/- Per annum (Second Year Onwards) – Email ID is mandatory for this subscription. Rs. 400/- Per annum (Second Year Onwards)
NIL AMC SCHEMES “BIMA” – One time subscription fees of Rs. 1111/- (Rs. 1250/- inclusive of Service Tax)
“BANDHAN GREEN” – Subscribe by paying Refundable Interest free security deposit of Rs. 2500/- (Digital statement only, email ID mandatory)
“BANDHAN” – Subscribe by paying refundable Interest free security deposit of Rs. 3500/-

You can opt from any of the above mentioned five schemes.
 
     
What is the procedure for appointing nominee to my trading and depository account?  
  The nomination form duly filled in should be submitted either at the time of account opening or later. The account holder, nominee and two witnesses must sign this form and submit the name, address and photograph of the nominee.

Nomination can be appointed in both trading and depository account.

Only one person can be nominated irrespective of the fact whether the Demat account is held singly/jointly.
 
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