[Resolved]  Religare — Misleading sales - you will lose money here!!

Address:Pune, Maharashtra

I had an account with Religare Pune. Customer Representative Siddharth Doshi has lost more than 5L of my money within a span of 1 month. They do not have any advisory and they execute trades without any prior confirmation or intimation.
Now, the agent does not even answer phones. They have not bothered to send statements, even after making such huge losses, they do not have any damage control for customer

Do NOT invest with Religare. YOU ARE SURE TO LOSE MONEY

They are cheats!
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Feb 2, 2017
Complaint marked as Resolved 
Verified Support
Apr 16, 2012
Religare Enterprises Customer Care's response
Dear Sir,
Please write to us at [protected]@religareonline.com mentioning your concern and contact details. Our representative will get in touch with you at the earliest.

Regards,
Team Religare
Complaint comments 

Comments

Religare — CRN number and password

Sir, Please send my correct CRN and Password.

Religare — non recieval of customer id and username

sir,
I have opened a dmat a/c with religare securities in dec 2007. inspite of my several reminders and phone calls, the company is not providing me my customer id, due to which i am unable to login to my a/c.my details are as under:-

client code- N146515
demat A/c no.[protected]
branch code- 2415
branch- pune

Religare — account complaint

TO,
THE RELIGARE CO.PVT,LTD
DELHI.
SIR,

I AM VINOD SONI MY A/C IN YOUR COMPANY RELIGARE CLIENT ID V.S 1482 MY A/C IS NOT PROPERLY RIGHT ,,,,,, YOUR BROKER IS MISSUSE MY A/C PLEASE CHECK THE MY A/C AND CONTACT ME EMERGENCY [protected].[protected]
i forgot my password please password on my email

Religare — demat account number not received

I have applied for demat account but account no not received through courier.
My PAN no is BAZPS7331G and bank account no is [protected] please repply soon.
sir,

please send my correct passward for crn login.
i have applied for a demat a/c with religare atleast 20 days ago but till now i haven't got my kit

Religare — service fault

Hi ,

this is vimal dhar again.in continuation of my complaint where the confirmation code was cee76

re the complaint which i have lodged for the logan insurance ,please find enclosed my contact details
mob:[protected]

address of communication
205,jaishrinathji appartment
mahaveer colony
new bhopal pura
udaipur ,rajasthan
313001

thank you

Religare — DND voilation.

M/s Religare,

what is the point of your team trying to reach me on my cell phone &

disturbing my working as a doctor.

what measure have been taken at your end can be stated here on this site.

dr alok gupta
jaipur
religare should come out with what has been done at their end instead of disturbing me.
all the names & telephone nos have been given to them.

take action & then talk.


dr alok gupta
Same cheating is happening with me. We have to take collective action against this company in SEBI and Indian courts. Let's make this a movement so they learn a good lesson.
This is happening with many people like you. Like this page on facebook to join hands and take collective action. https://www.facebook.com/pages/Religare_Victims/[protected]
Well, same is also happened with me but as I have confirmed all trades hence responsibility is mine…Hope, similar thing happened with you guys…we can’t say trades executed without confirmation but yes, they need to work on advisory...
Got in touch with Religare complaints department.

They confirmed that dealers put in HUGE single orders eating up all margin.
They confirmed that dealers did not put in stop losses for derivatives
Accounts were ignored to the extent positions decayed till expiry date.

Solution offered by Religare: Sir, give us more funds, we will try to make profit - may be it will result in profit.

@Team Religare - You already changed dealers, I gave you more funds, lost that money again.
My friends and colleagues lost money on your count as well.

PEOPLE - AVOID RELIGARE AT ANY COST !!!

I will post updates if Religare actually has a Customer Focus and reverts back with something sensible.
Day 15 from lodging complaint with Religare Zonal Head - No further response from Religare. My advice - AVOID AVOID AVOID RELIGARE
Day 17 - no response from Religare - This is why - STAY AWAY - there is no concept of CUSTOMER CARE @ RELIGARE
Day 19 - Still no response Team Religare ... what kind of a team are you? Do you just surf the internet writing this?
Customer Care is not about surfing internet ... and in Financial Services credibility is what matters.

Do you have what it takes to give a credible solution?
@Team Religare: I have written to you at your email address with the issues. Your representative has already gotten in touch.
It is not about getting in touch - it is about solving my problems.

I have lost my money owing to
1. your sub-standard calls
2. experimentation with my hard earned money
3. Collegiates with no experience handling my account
4. No stoploss put in
5. HUGE orders just to get that extra brokerage
6. zero monitoring of account losses, transactions, stop losses put

Why should I put in more money to trust you? That is not even a solution - that is just a marketing gimmick that I fell for and lost money due to in the first place ... you have the audacity to put that forth as a solution!!!

People ... AVOID RELIGARE!!! AVOID RELIGARE!!! AVOID RELIGARE!!!
Day 27 - The speedy Religare Team has still not come back with anything ...

People ... Take notice - this is just how fast Religare can be ...
Day 30 - No response from the so called "Team Religare" - Bah! Hogwash! Save your hard earned money - Avoid Religare!

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