Motilal Oswal Securities Ltd — RMS Selling Fraud

Address:Mumbai City, Maharashtra

Dear Mr. Representative, Myself Qureshi Nadeem account no EAOP0160. Your marketing team never explained about RMS Selling. What is RMS Selling? And why I am getting emails from your company to make clear the debt when I stopped trading long ago with your company. Stop those emails and why you people trade with the money of a trader by giving it a new name of RMS Selling. This is useless and baseless. Please stop this nonsense and close my account. Regards, Nadeem Qureshi
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Dear Nadeem, Apologies for your inconvenience !! Kindly DM your e-mail ID. Our representative will contact you to solve your issue. – Team MOSL
you can contact me at [protected]@gmail.com
Dear Ms. Aalia,

I am currently in Saudi Arabia. I will be visiting India in weeks time. My contact number is [protected].

When I spoke to your representative first time he never explained me about RMS Selling. What is RMS Selling I am still uncleared about it.

How can you trade with my money without any prior notice. This is fraud. Who gave you the authority to trade with my money. I saw so many complaints of fraud regarding about your company through RMS Selling. I never had signed any such documents to you for RMS Selling.

While selling the product of your company your marketing team should explain all the things clearly and thoroughly. Your team is not building relation they just wanted to sell their product any how no matter if the investor faces losses.

I will recommend everyone in my contacts to never use services of Motilal Oswal Securities Ltd.

You placed the order of RMS Selling so Dear Aalia ask your company to pay the money for that order why should I pay.

You will always now see my bad experience and bad recommendations about your company on other websites if my problem is not solved.

Regards,
Nadeem Qureshi

________________________________________________________________________________...
Dear Mr. Qureshi,

With reference to your concern regarding the ledger debit and RMS selling, we have tried calling you but no. is not reachable.

Further, we wish to inform you that, you have total ledger debit of ****. We request you to clear ledger debit at the earliest. Because of ledger debit system generated mails are being sent to you for RMS selling. But RMS selling will not be done in your account as no stocks are lying in Debit stock pool a/c of MOSL.

Debit includes pending purchase payment i.e. *** for July 6, 2012 and interest amount ** for month of July 2012 and DP AMC debited in your ledger for FY[protected],[protected] and[protected].44 per year).

Please find attached ledger statement for your perusal.


Thanks & Regards,

Aalia Shaikh
Customer Service Desk
Motilal Oswal Securities Ltd
Palm Spring Center, 2nd Floor
Link Road, Malad (W), Mumbai 400 064
Email: aalia.[protected]@motilaloswal.com
Dear Mr Qureshi,

“Greetings of the day”

We wish to state that, RMS selling is done whenever ledger debit is not getting clear on T+5 days, the details of the procedures also mentioned in the Client Member Agreement duly signed by you (Under Clause 2). We once again request you to clear the debit of Rs. 990.79/- for trades executed in your account for the financial year[protected].

Further, as a good will Gesture, we will reverse the DP AMC charges for the last 3 years amounting to Rs. 1348.32/-, provided the aforesaid debit is cleared.

In the view of above, we trust that your issue has been addressed to your satisfaction. Our representative will share the details through mail. – Team MOSL
Dear Aalia,

Dont make the people fool with your words i know everything about you people through consumer complaint.

What ever you have done about RMS selling yes you sent me email after you executed the order and that order cannot be closed now.

When you have executed the order kindly pay the money for that order and close the case.

Be honest while doing sales & marketing.

Regards,
Nadeem
Abnormal transactions without knowledge. Deductions, penalty in ledger share trading account. No response from franchisee. Something fishy. Ledger credit balance reducing without knowledge.
Franchisee entering entries without knowledge. Very serious issue.

Pl contact me to resolve.
Dear Mr. Representative, Myself Raja Singh account no RETK4607. Your marketing team never explained about RMS Selling. What is RMS Selling? And why I am getting emails & SMS from your company to make clear the debt when I never ever trade with your company. Stop those emails &SMS and why you people trade with the money of a trader by giving it a new name of RMS Selling. This is useless and baseless. Please stop this nonsense and close my account. I have send an Email to pawan.[protected]@motilaloswal.com and bidyoot.[protected]@motilaloswal.com for account closer but no response given from there end.
Please do the needful as soon as possible. Connect me rajasingh.deie.[protected]@gmail.com
motilaloswalsecuritie's reply, Apr 1, 2021
Dear Sir, We have forwarded your concern and will ensure to get it answered soon.
Any helping people on this complaint thread can call me @ [protected]. I have received a RMS selling message from motilal oswal with 15000 charges. I stopped working with MOSL 9 months back. But now they are doing some new charges. My account is EAOPE74859. Will discuss further in the phone conversation. My whatsapp number is also same. You can ping me if the call is not attended.

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