Reliance Demat Account

Reliance Demat Account

Rsec.co.in is the web-based investment portal (with Online Stock Trading) from Reliance Securities. This website enables its customers to invest & manage most of the services provided by Reliance Securities. This includes Equity (Stock) Trading, Commodity Trading, Derivatives, Mutual Fund Investment, IPO Investment and more.

Trade-In: NSE, BSE & MCX-SX, MCX, NCDEX, NMCE

Features and Benefits of Reliance Demat Account

• Free Account Opening: With Reliance Securities, you can open up your Demat Account absolutely free of charge and a completely paperless procedure, which can be done within no time.
• Research Recommendations: The Reliance Securities Research team is very strong and agile and brings to you various types of reports through their ongoing research and analysis. This opens a new arena for you to toggle between big market players and not just play conservative. You can highly increase your decision-making capacity due to the precision in the analysis presented by them.
• Low Brokerage: Despite being the market leaders, they still don’t have a sense of monopoly or leadership in their approach; they place customers before themselves. Hence you will find their brokerage charges to be extremely competitive with other broking houses.

Trading Platforms

Reliance Securities provides different platforms for trading:

1. Easy Trade: Easy Trade is a browser-based platform for first-time investors.
2. Insta Plus: Insta Plus is a web-based trading system that helps you to directly place orders through the market watch. It helps to apply online in various products such as MF, FD, Bonds, IPO, OFS, AMO orders, Stop loss cover order, Systematic equity plans, etc.
3. Insta Xpress – Live streaming quotes: InstaXpress is an EXE based, high-speed trading tool that allows you to monitor what is happening in the market at real-time speed. It provides an investor with Live streaming quotes & Research Calls, an integrated fund transfer system along with multiple watch list facilities. Moreover, An investor can also do technical analysis with the help of advanced charting tools.
4. R Mobile Xpress (Mobile Trading): RMobile Xpress is a smart mobile trading application that allows you to be in touch with the market anytime and anywhere during market hours at your fingertips.

Reasons to transfer shares from one Demat account to another Demat account

• You normally prefer to keep your trading account and Demat account with the same broker for simplicity. When you change your broker, you prefer to change your Demat account. And that calls for transferring shares from your old Demat account to your new Demat account.
• You may be having 4-5 Demat accounts and you may want to consolidate these accounts to reduce your Demat costs.
• You may be currently having just one Demat account and you may want to maintain separate Demat accounts. For your trading activity and your investment activity. Here again, you will have to make transfers from one Demat account to another.
• You may be looking to shift from a full-service broker to a discount broker or vice versa depending on your cost and advice considerations. This will again call for transferring shares from one Demat account to another.
• You may want to build a firewall around certain shares for your long term use. Like retirement, child’s education, bequeathing to your children, etc. In such cases, the Demat accounts will be better if they are classified accordingly and the relevant transfers made.

Procedure

While the transfer of shares from one Demat to another can be done online, the more popular method is the manual transfer of shares from one depository to another. There are broadly two types of transfer viz. intra-depository transfer and inter-depository transfer.

As we are aware, there are two national depositories in India viz. NSDL and CDSL. A transfer within NSDL accounts or CDSL accounts is an example of intra-depository transfer. And a transfer from accounts between two depositories will be an inter-depository transfer.

There are a few basic precautions to take here. Ensure that the name of the target recipient and the 16-digit id are perfectly matching otherwise the transfer request could be rejected.

Also, the ISIN numbers need to be clearly mentioned and if any of the ISIN numbers are illegible then the request is liable to be rejected. Lastly, the signature must exactly match with the signature in the master database of the DP and there must be a clear balance (without lien) available in your Demat account to effect this transfer of shares.