Motilal Oswal — Charging of wrong brokerage on my demat account

Address:560100
Website:www.motilaloswal.com

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 and 0.02 on intra day transactions and for Options it will be 15 rs per transaction. I have even received intimation over call that I will be charged only 15 rs on buy-sell transaction on Options Intra-day transactions. But recently I have viewed in the contract note that I was being charged for 100 rs + Taxes per transaction on options and 0.05 + taxes on Equity transaction.

I would urge you to look into the matter at the earliest and refund the amount the was charged over and above as decided a the time of opening the account and even which was decided thereafter (i.e 0.30 per 100 rs for equity and 30 rs per lot for options transaction and so on) else I would have to take this matter to SEBI for further action.

Waiting for your prompt and immediate response at the earliest.


Thanking you,

Regards,
Neelam
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I understand your problem.they will never refund your brokrge.if you join with ANGEL BROKING, ensure you will never face any kind of problem regarding trading.call [protected]@[protected], [protected]
Dear Madam,
Apologies for your inconvenience. Our representative will contact you shortly to resolve your issue. - Team MOSL
Dear Madam,
Our representative has spoken to you & resolved your query. -Team MOSL

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