text: reliance money franchisee. He says that the Rs.12 per transaction is charged only for non internet transactions, where the clients go to the brokers office and trade. For transaction done thro internet this 12 rs. does not apply. The 500 rs. prepaid coupon will allow an intraday volume of 1 crore.\n\nReliance strategy is to gain max. marketshare within few months of launching. There is gonna be a big price war in the near future. It can only get better for investors, from here on. \n\nReliance money does not have an account with RBI.\nFor Rs 500 one can get trading worth Rs 1.00 Cr.\nNow what it will cost to Reliance Money:\nRM has to pay Rs 400 per Cr to NSE as transaction charges a part of which which goes into Settlement Guarantee Fund. RM has to pay Rs 20 per cr to SEBI.\nI am not clear weather this includes STT ,State stamp Duty & Service tax.\nWhat about Demat Charges ? What they are going to charge is not available.\nLets deem that this is not included.\nNow this leaves Rs 80 per cr with Reliance Money.\n\nCan they survive with this amount ?\nWhat innocent investors are not understanding is that these are tactics to attract investors from their traditional brokers & later raise their tariff.\n\nReliance communication is master in this. They recently have a card costing Rs 180 by which U can send 18,000 SMS. When U are hooked to SMS, they suddenly withdraw this coupon.\n\nPlease ask your franchisee friend can they guarantee this tariff for 3 years ?\nThey cannot !\nFurther with one card you cannot sell or buy even in your wife's account.\n\nNow if U have 4 demat  account in your family, you have to spend rs 2000/- on buying 4 cards. Can U trade Rs 4 Cr in one month.\n\nLastly Reliance Money is at par with all the brokers as far as charges are concerned.\nThis is courtsey SEBI who levied uniform fee of Rs 20 per crore on all, recently,  instead of .01% for new broker for first 5 years & only Rs 5000 for 5 years thereafter irrespective of volume. THis is same fees for which two years back brokers have to cough up more than Rs 500 Cr to SEBI after they lost a case in Supreme court.