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Religare Securities Ltd. Complaints - Misguidance

View all Religare Securities Ltd. complaints

Religare Securities Ltd.

Posted: 2008-08-06 by Sanjay Sachdeva

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Misguidance

I had opened a DMat A/C with Religare Securities Ltd. in the month of Novermber 2007. At the time of opening the A/c, I had paid an amount of Rs. 15000/- as advance brokerage for adopting 'Trump Super Plan' in which plan brokerage on delivery is 0.15% and on intraday is 0.015%. It was informed to me by the representative of Religare and customer care that whichever amount will be left out of Rs. 15, 000/- after one year, will be 'carried forward' to the next year. Last month when I confirmed about 'carry forward' of the remaining amount out of Rs. 15, 000/- to the next year from the customer care, they simply denied and they even have not agreed to my request to change my plan from Trump Super to Trump Plus for which an amount of Rs. 2500/- is required to be deposited with Religare as advance brokerage. From the day I have opened the account, I am facing problems regularly. Some times they have misguided me which have resulted in losses.
In view of the above, I shall be grateful if you can please guide me what should I do. Or can Religare be forced to fulfill the assurance given by their representative at the time of opening DMat account that 'I will be permitted to change my Plan from Trump Super to Trump Plus'.

My Details are given Below :

Account Name : Sanjay Sachdeva

Client ID: xxxxxxx

DP ID: xxxxxxxx

DP Name : Religare Securities Limited

Address : 7/134 Lodhi Colony, New Delhi- 110003

PH.: +91- 9958003068

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Comments

311 days ago by Prabhu Dayal Bhatia [send email]

Sir,

I have a trading account with religare Securities Limited, Nehru Place, ND and I have atrading account number PB454.
I had paid a sum of Rs 40000/- vide cheque no 806769 dt 27/09/07 drawn on Oriental bank of Commerce, Hauz Khas Newdelhi..against the purchase of share.
But the above amount has not been credited in my ledger with you.
I have requested several times to your Delhi branch but this amount have not been credited so far
Kindly issue suitable instructions to the concern staff to credit the above amount along with interest at 18% p/a from the encashment of the cheque.

Thanks & regards
Prabhu Dayal Bhatia
Mob 9818835451

269 days ago by Siva [send email]

Please don’t open any account with Religare Securities.Everytime you have to call for any services you have done in the trade platform.You have to bear the server related problem everytime.I have already contacted them nearly 100 times over phone for every function I carried out in the trading platform within 3 months.The software is just a hell.I still can’t believe why Religare is using a third gradr software & giving third grade services to people.

173 days ago by Vivekanand Sadh [send email]

respected sir,

To whom it may concern

PLEASE REFER TO OUR EMAIL VERY CAREFULLY

OUT TRADING USER ID VS5400 IN THE NAME OF VIVEKANAND SADH MAILING
ADDRESS 14A/84 W.E.A KAROL BAGH NEW DELHI 110005, MOBILE NO 9015202780
OUR ACCOUNT EXIST IN BLOCK B-1 BASEMENT, GROUND FLOOR
SHOP NO 50 NOIDA UP WHOSE BRANCH CODE IS 1758.
OUR ACCOUNT RELATIONSHIP MANAGER IS MR VIVEK SHARMA .

WE HAD ALREADY WARN MR VIVEK SHARMA NOT TO DO THE TRANSANCTION

IN COPPER MCX DUE TO HIGH RISK FACTOR.

BUT UNNECESSARY OUR RELATION SHIP MANAGER MR VIVEK SHARMA DID THE
TRASANCTION WITHOUT MY PERMISSION DATED 10.02.2010
IN WHICH HE MADE LOSES OF RS 2985=70 YOU CAN REFER
CONTRACT NO M/D /0210/789062 DATED : 10.02.2010
OF TRADING USER ID VS5400.IN WHICH YOU WILL GET
ALL THE DETAILS IN YOUR SYSTEM.

WE TIGHTLY SCOLDED TO MR VIVEK SHARMA WHY DID YOU
DID THE TRANSANCTION WITHOUT MY PERMISSION . IN THIS
WE GOT LOT OF MENTAL HARRESSMENT & THEN WE REPORTED TO MR
JAVED WHOSE IS THE SENIOR MANAGER IN RELIGARE COMPANY
& MR JAVED DID THE SETTLEMENT BETWEEN MR VIVEK SHARMA
& US. & MR VIVEK SHARMA APLOGISE FOR HIS MISTAKES & AGREED
TO PAY RS 2500 & AGREED THAT HE WILL DEPOSIT THE CHEQUE OF
HDFC BANK PAYABLE AT DELHI IN OUR ANDHRA BANK SAVING
ACCOUNT.

YOUR COMPANY RELIGARE DEDUCTED RS 5000=00 FROM HIS SALARY
& RETURN THE BALANCE AMOUNT OF THE SALARY WHICH WAS CREDITED IN
ACCOUNT OF MR VIVEK SHARMA WHOSE PERSONAL ACCOUNT EXIST IN HDFC BANK.
IN WHICH VIVEK SHARMA FAIL TO MAKE US PAYMENT OF RS 2500=00
WHEN HE SAW THAT COMPANY HAD DEDUCTED THE SALARY OF RS 5000=00.

INSPITE OF SO MANY CALLS MR VIVEK SHARMA CAME TO OUR HOUSE
5TH MARCH 2010 & SAID THAT I AM SORRY THAT I CANNOT MAKE
THE PAYMENT OF RS 2500=00 SINCE COMPANY HAS DEDUCTED
HIS SALARY IS RS 5000=00 MR VIVEK SHARMA
ALSO VISITED HR WHOSE NAME IS MR SHARMA IN NOIDA TO KNOW
THAT FOR WHAT REASON THE SALARY WAS DEDUCTED & MR VIVEK
SHARMA TOLD US THAT WHEN HE WILL BACK IN THE OFFICE ON 8TH
MARCH 2010 & LETUS KNOW FOR WHAT REASON THE SALARY OF RS 5000=00
WAS DEDUCTED. & HE ALSO ACCEPTED US THAT FOR FUTURE TRANSANCTION
HE WILL CALL US THEN HE WILL DO THE TRANSANCTION.

MR VIVEK SHARMA TOLD US ON 5TH MARCH 2010 WHEN HE VISITED OUR HOUSE
THAT YOU CAN ALSO CLAIM YOUR RS 2500=00 FROM MY SALARY & REQUEST THE COMPANY
TO DEDUCT RS 2500 FROM MY SALARY & CREDIT RS 2500=00 TO OUR TRADING USER ID VS5400
MCX COMMODITY ACCOUNT.

SINCE MR VIVEK SHARMA HAD ALREADY APLOGISE FOR HIS MISTAKES &
HE DID HIS SETTLEMENT WITH US & DUE TO HIS FAMILY PROBLEMS &
DEDUCTION IN SALARY OF RS 5000=00 HE WAS NOT ABLE TO MAKE THE
PAYMENT TO US . WE THINK HE IS A GOOD & HONEST PERSON & A GOOD REPUTED PERSON
THAT HE DID THE SETTLEMENT WITH US SO THAT WHY WE REQUEST THAT PLEASE
DO NOT TAKE ACTION AGAINST MR VIVEK SHARMA SO THAT HE LOSES
HIS JOB.

WE REQUEST YOU THAT THE CURRENT SALARY OF RS 5000 WHICH YOU STOP
FOR MR VIVEK SHARMA PL KINDLY DEDUCT RS 2500=00 FROM HIS SALARY
& CREDIT THE RS 2500=00 IN OUR TRADING USER ID VS5400 MCX COMMODITY
ACCOUNT IN THE NAME OF VIVEKANAND SADH 14A/84 W.E.A KAROL
BAGH NEW DELHI 110005

WE KINDLY DO THE NEED FULL & WE WILL REALLY APPRECIATE
YOUR FEEDBACK REGARDING THIS MATTER & RESOLVE THIS
MATTER AT THE EARLIEST.

FROM
VIVEKANAND SADH
14A/84 W.E.A KAROL
BAGH,
NEW DELHI 110005 (INDIA)
MOBILE NO: 9015202780

173 days ago by Vivekanand Sadh [send email]