text: what are the  delivery/intraday base  brokerage in reliancemoney? how does future,option,derivative and commodities work.is there ay book related it.please inform me at piramid2sky@yahoo.co.in 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.  reliance 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.   reliance money does not have an account with rbi. for rs 500 one can get trading worth rs 1.00 cr. now what it will cost to reliance money: rm 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. i am not clear weather this includes stt ,state stamp duty & service tax. what about demat charges ? what they are going to charge is not available. lets deem that this is not included. now this leaves rs 80 per cr with reliance money.  can they survive with this amount ? what innocent investors are not understanding is that these are tactics to attract investors from their traditional brokers & later raise their tariff.  reliance 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.  please ask your franchisee friend can they guarantee this tariff for 3 years ? they cannot ! further with one card you cannot sell or buy even in your wife's account.  now 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.  lastly reliance money is at par with all the brokers as far as charges are concerned. this 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.