RelianceMoney — Limit card fraud

RelianceMoney — limit card

i have an account with reliance money.i was browing the account and checking the limit card details
they deducted the rs 2500 for purchase of limit card without my consent or order confirmation and
even not verifying my ledger balance

please tell me reliance money trading customer care no. for chandigarh( ADAM frenchaiesi)

Limit card amount is being deducted without intimation and proper account is not being maintained .My limit card charges were deducted 2 times within period 23/04/09 and 27/04/09(4 days)

It is shocking that in a single day R.Money deducted Rs.23000/- as Limit Card charge. I Choose Rs. 2500/- Limit Card for 6 month duration. But In 20.7.2009 my intra trade limit finished and no option given to me for renew the Limit card.This date I trade Axis bank as intraday valuying 45 Lakh and so R. Money deducted the amount Rs.23000/- as limit card. I lodge a complain to area office and they told me they have nothing to do as my limit card exceeds the amount so Rs. 500 deducted for every trade valur of 2 lakh. But as per card option no margin trade are allowed against Card value Rs.500 . The marginn trade are allowed only from Rs.1000/ card. I again asked them so, why Rs. 500/ deducted for every lakh share value trade.They are not responding. Now I am really puzzled what i do. Is it a democratic system and no Govt. bindings to restrict Reliance Money from absorbing blood of general investors. Is it not a Cheating by Reliance Money. Please help me to way out .

It is shocking that in a single day R.Money deducted Rs.23000/- as Limit Card charge. I Choose Rs. 2500/- Limit Card for 6 month duration. But In 20.7.2009 my intra trade limit finished and no option given to me for renew the Limit card.This date I trade Axis bank as intraday valuying 45 Lakh and so R. Money deducted the amount Rs.23000/- as limit card. I lodge a complain to area office and they told me they have nothing to do as my limit card exceeds the amount so Rs. 500 deducted for every trade valur of 2 lakh. But as per card option no margin trade are allowed against Card value Rs.500 . The marginn trade are allowed only from Rs.1000/ card. I again asked them so, why Rs. 500/ deducted for every lakh share value trade.They are not responding. Now I am really puzzled what i do. Is it a democratic system and no Govt. bindings to restrict Reliance Money from absorbing blood of general investors. Is it not a Cheating by Reliance Money. Please help me to way out .

I also have the same experience with reliance money where they have looted 7500 in a single day with out informing me. Their customer care office in chennai are directing to bombay office, and bombay office is directing to chennai office. They are litterally playing with customer money. Their lowest brokerage is a fraud, where they take all your money in indirect way. if you dont check your account every day, you are doomed. Some one can post the grievance contact number for reliance money. I am planning to complain to SEBI on this.

I have a demat account in reliance money my client ID M00042361. My account has been debited with an amount of Rs. 13000/- on 31.07.2009 for intraday trading on 29.07.2009 in respect or 26 PR-500 (26*500) so you are requested to Charge bimonthly card Rs. 1000 on 29.07.2009 instead of PR-500.

Therefore you are once again requested to credit the balance amount of Rs. 12000/- immediately

Otherwise helplessly I have to go to in SEBI or other litigation.

Because you are not reponding properly.