Motilal Oswal Complaints & Reviews

It's a fraud company. They open account for free and then start putting hell lot of charges. I have been trying to close account but that also they are not letting me and just keep on piling charges without any reason. This company is a total fraud company and bse/nse should not allow them to do any business. I have got tired after chasing them, they think there client doesn't have any work other than closing an account....

Hi my name is sanjay poojary, client code eaope4555. I have transfered fund i'd 9150 from my bank account to commodity account on 8th but still it neither credited to my bank account nor commodity account. I want the compensation of 1lac from you as the service is poor and not reverting within tat.

Today also i have emailed them however the reply i will get within 6 he.. It's almost 6 he over and still no reply.
br...

E*pe4047-i opened an account online and send the documents for processing. There is a form called poa, power of attorney, which i send them 3 times now. 1st time they said they did not get, second time they said signature mismatch, 3rd time no response. Its been 1 month since i am emailing them but without response.

The advisor at mosl never answers emails or calls....

My client id: eoape4524, i contacted the all number provided by them from 17 july to 03 aug 17 but no action taken, i call them around 15-20 times, all are not interseted to do work, rma never pick up call. Always said i manage a call for you. I want to buy some stocks but i am not able to transfer my fund due to this worst service. This is my big mistake to open an account with motilal....

Client code pxhomsj155
Pan agupj8267c
Jitha jaleel
[protected]@gmail.com
For the past 3 years my account is inactive am not to able to trade so am facing huge losses. I have contacted the franchisee maria stocks aluva and motilal oswal customer care for the activation of the account. Still it is inactive and am not getting any postive response from either side. Please activate my account immediately.
If am...

Sir since april 2017 i am contracting them to close my d mat a/c. Equity & commodity. I have send them documents 5 times, but till now a/c. Not closed. My client code eaop1187 with motilal oswal.. So many times i phone to mr. Avijit sir, & mail but no response. I have been harassment. My mobile no; [protected]. Mahesh maskara. Wait for your early action & reply....

I maintain a demat account in motilal oswal pvt ltd. My client code is [protected]. I contacted your customer service on 19.07.17 to update my kyc in my account. The replied to contact[protected] at sagar mishra
Executive - customer care
P: +[protected], 2330052
E: [protected]@narnolia.com
Mr sagar told me to send scan copy of modification form as well as pan card and kyc form. I sent all scanned document...

Motilal oswal one of the worst service provider. For a change of address or updation they are delaying things. They refuse to serve if the claint is from a franchise office even their customer care nos are not working but their new account opening related phone numbers are working! When i applied for addresss updation with a supporting document as per their fran. Office easy investments madurai
They reject my request refuse to give...

Hello i m harsh badama
My client code is RET1221
I joined on 15 feb 2017 by depositing 4lac rs my RM was good shivam...he helped me alot..
I got my broker rajesh thn he left approx a month ago...
As soon as he left i got the wrong broker His name is manoj...
His team leader is jigar
They r from elphinstone branch
I bought aura pharma futures may and roll over as june on 21 may 2017 br...

I spoke to neha today who supposedly was my rm for this account. I had spoken to her couple of weeks back and i did make it clear that the only reason i've opened this account is to hedge the risk of my equities investment, so basically i wanted to invest 10k -15k p. M towards purchase of gold (Either bond/etf). She promised to get back to me in couple of days with all the details about investing in gold (I am not sure if you guys preserve...

The brokerage rate of my demat account is being changed by the broker without any prior information to me...when i called the advisor, he told that the brokerage is being changed to the earlier rate...but on checking the contract note, i found that the brokerage rate is not still changed...these people are changing the rate as per their own will. I want the refund of the excess brokerage charged from my account....

I have been constantly calling my Direct contact agent in Motilal Securities in Mumbai (Malad West). I have submitted all required documents in March itself but there is no response from them. They are not even responding properly nor picking up calls. I want to open my Demat account elsewhere but they are not cooperating at all with me an unnecessarily troubling....

I have been constantly calling Customer Care / Franchisee again Customer Care with out any hearing. Problem is no one ready to listen or realise the Problem at Motilal. Everyone is very busy with systems & processes.

I want to Transfer my account to Local Branch from Delhi and I am writing for the same since February 2017.

However, Till date neither franchisee nor the Customer Care has been able to guide me....

I opened account with MOSL 13th, Mar 2017.My Client id is PZ1697. At the time of account they informed me that no money will be kept locked total amount I can withdraw at any time so I added 1 lac rupees from my loan account and on 13th, Mar 2017 I want to withdraw money for my personal requirement but they locked 50k as margin amount and remaining 50 thousand not transferred to my account till today . When I contact customer care and representative...

Dear sir

1. I have dp id [protected] in motilal securities which has 100 shares of uco bank. The account is not operated by me since 2001/2002 due to dadagiri of mr kapil the boss of sainanth investment, 1-onkar road, behind gpo, dehradun 248001, ph no[protected] and its email id is [protected]@nde. Vsnl.net.in.

2. Since opening of the account, i was threatened by mr kapil that he will pull me to court for...

Mosl Mr Hariprasad Has sunk My 20000 INR to 9000 INR and When I asked for 9000 to my bank account he has not transferred to my account insted he transferred to some other account and now my full 20000INR is stolen by Hariprasad and Mr Dinoj of Motilal Oswal and Now they are not receiving calls to answer. Now I want my remaining 9000 to be transferred to my Axis bank but nobody responding from Motilal side and I dont have anybody to contact....

I opened account with MOSL 20th, January 2017. At the time of account they informed me that no money will be kept locked total amount I can withdraw at any time so I added 1 lac rupees and on 23rd November I want to withdraw money for my personal requirement but they locked 50k as margin amount that I cant withdraw without informing...!!! When I contact customer care they informed me that management has decided new policy regarding this ...!!!br...

Dear sir,

My client code is bug1210, i have short tvselect 374+61 stock and that stock not showing in my demat account then will try to contact every day since 09-dec-2016 on this[protected] and [protected] no one receives my call then i called [protected] and [protected] for square off my tvselect he said i can't square off my tvselect then as on 15-dec-2016 rms automatic square off my 374 stock total price 88506.11 per...

Sir,
my client id is EAOP7843
can i know how are the brokerages are calculated as it's creating TOO MUCH LOSS.i am new on motilal trading. i couldn't understand.for e.g first in hindustan petroleum why is my brokerage amount 0.6 Rs just on amount of 454.75Rs share and that too 1 qty, since in intraday buying motilal charges only 0.05 Rs per 100 Rs buying/selling...similarly again when i bought 1 share of RS 266 of sbi it charged...

They have poor customer support. Only thing they care is to add people to start this and then after adding it's over. They promise that they'll help us in all the sessions whatever is required at the time of joining and now it's been 3 days since I am calling them to enquirer about rms related issue and still they don't even care to support rather note down my ID and just hang the phone. My ID is E519136 if possible please contact my atleast...

I have opened an account and i was charged brokerage which is against your own policies. (Brokerage free for the first month of opening the account). As such i have stopped operating my account on ethics. I wrote a letter to mosl in this regard earlier for which there is no response till now. My id no. Is e518751. There is an unauthorised entry (Debit) of rs.177/70 which no body has explained as to why?
Arathy...

Their representative Mr.Waseem has been informed that the delivery stocks can be kept for long time and he never discussed about their RMS selling and unfortunately I invest the amount on their recommended share which has been sold at low prices by them.
After then I understand that mine was normal account where the margin stocks will square off in 8 days time which is was shocked.

Because of their targets i lost my...

This was the complaint made by me to motilal oswal and still struggling to find a resolution can anyone guide me about how to find justice regarding the same.

Kind Attn

I want to terminate the services on immediate basis and get my losses back as there has been a misleading and fraudulent communication done to me by your team, which has caused me monetary losses.

My Client code is H21113 Name...

Dear sir i have a a/c with u in commodity havin in the name of geert pancharya a/c. no PSS532 so many times i ring u r bombay office but no responce .no body is intrested to pick up phone recorded massag teling wait u r valuabl costmer but u r 3 rd grade rubish staff r taking tea and doing gossip but dont care costmer. moti lal ji see all this .u r abig name in industris but thay staff not intrested to talk to costmer. thanks with regards....

Very pathetic customer service.
I am calling on the numbers provided on website for support related queries:
[protected]

No customer care executive is picking up the phone. Recorded message is being played continuously for more than 10 minutes and phone gets disconnected automatically.

I want to update the e-mail id on the system and have to struggle with lot of issues.

I am not...

Dear Motilal,

We are not got your services nicely after we are paying brokerage. not got any correct ans from franchise. directly said us call on IT department. so
resolve this issue permanently.

My self is yash sangani, my id code is ptk17766, firest today my account RMS without informing me, & this is not first time every one a month we
facing a same issue & other one today my RMS selling reporting...

Hi MOSL,

I am Neelam from Bangalore and this is a serious concern regarding the brokerage that has been charged on my demat Account no- E517333. At the time of opening the account it was clearly stated that, for Equity it will be charged 0.30 paise per 100 rs, for Options it will be 30 rs per transaction. But after raising a request to the MOSL Branch at bangalore it was decided that for Equities it will be 0.20 per 100 rs...

I do trading from my motilal account. On 15th march i had sell 260 shares of gppl to which motilal gave me an auction debit of 17K saying i have sell more than my Demat account. i have sold 260 qty which was all time reflected to my online account. Motilal is trying to justify saying i had 160 shares and 100 shares were credited to my account while buying for which i never got any credit bill. also if ths was the case why my online DP was...

I am holding a MOS account and my ID is E622293 . This account was opened last year and my adviser and account maintainer was Mr. Prabhu bearing the phone No:[protected]. He had full control of my account.
some days ago I called his number and some body picked the phone and told he has resigned and also told no idea about my account.
So I request you to look into the matter carefully and please contact me about my account and...

I had some debit amount in my MOSL account and got an intimation for shares selling. So I discussed with them and as suggested by them deposited 50% percent of the debit amount and still the shares were sold. Same is happening to me second time.
I asked them several times to provide me their so called RMS policy but they are not providing it.
While opening the account they don't tell these conditions to customer and after opening...