Reliance Money Complaints & Reviews

To,
The HR manager
Reliance money LTD.
Bombay,

Respected sir,

My self Krishna Kumar Mishra worked with Reliance Money LTD Lucknow (UP) .as a BDE on
The "Teamlease payroll" from 11th may 2009 to 15 Jun 2009.My reporting boss MR. Rakendu
mishra (center manager Mob. no.[protected]) hold my salary cheque. When i ask about my
...

Dear Sir,

I had applied for De-mat A/c with Reliance capital ltd. at the time of IPO( Reliance Power Ltd). 16 Share was allotted to me in my Beneficiary A/c no. DPID: [protected] ( My Application no. 1297092).

My problem is that I don’t receive my welcome kit for till date.

I had called so many guys regarding this issue including those guys who filled my form & formalities.
there...

I sent them 5 Mails but they have not responded.
I asked;

How to transfer some of my shares lying with Reliance Money to My own NSDL Demat A/c. held with Indiabulls.

* What is the procedure.
*

* If there is Inter Depository Delivery Instruction Book, (Though which shares can be transferred from CDSL Demat Account (Reliance Money) to NSDL Demat Account (Indiabulls) then...

Sir,

i have reliance money trading account client code D00043371, i have changed my brokerage structure to % brokerage on 20th jul 09, now i want to change it back to limit card but i cant, they shows it should be minimum 30 days but it is more than 30 days. i mailed so many times to their customer support but not getting any reply. they have the worst customer support.

Deependra Singh...

Recently I have sent the below mail to Reliance money..I am 100% sure, I wont get any reply.

Dear Sir / Madam,

I am very much frustrated with the services by Reliance money recently.
I am not getting any reply for the mails from customer service. I am unable to contact the customer service personnel over phone.

1) For options trading, I have been deducted with 10000 rupees as limit card...

TO
Mr. Sudip Bandyopadhyay
C.E.O.
Reliance money


Sub: - Complaint against sub broker regarding Forgery

Dear Sir,
I would like to inform you that your SUBROKER Mr. Vishal Shrivastava Licensing no.[protected] & Registered office at SHREE LODGE BUILDING, Opp. PATEL AUTO, MOTIBAGH, FAIZABAD – 224001.
For your further reference Vishal Shrivastava has...

This is regarding reliancemoney mall online trading portal. I would like to alert my fellow citizens not to be carried away by the name of “Reliancemoney” which happens to be an ANIL DHIRUBHAI AMBANI GROUP company. I am also one of the millions of innocent Indians who got cheated. They have been cheating people in the name of "reliance". Their strategy of working is to offer heavy discount to attract customers &...

Hi All,

I had a recent bitter experience with Reliance Money. Everyone beware that they are charging huge hidden charges behind. THEY ARE NOT OFFERING LOW BROKERAGE. All is fictious and in background they charge heavily.

I have lost 6500 INR recently by their automatic deduction of Limit card charges, which normally should have been Bimonthly 1000 card. But they deducted 500+500+500+500+500+500+500+500+500+500+500+500+500+500...

dear sir
I am Gourav Singal from Hisar. I am student of MBA I had join the Headstart leadership programme at reliance Money, Hisar. As I am a MBA student i need my certificate. But they are forcing us to do a Rs. 20000 LI or 4-5 demats for providing us certificate. This conditions were mentioned us before. They are telling us that after completing this target we will get certificate near about two months. But as per the requirements...

I have a DEMAT account [protected] (client ID M[protected] in Reliance Money (Rel Capital).
They have charges an amount of Rs. 13000/- on 31.07.2009 for Intra day trading on 29.07.2009 against PR-500 limit card charges (500*26) in a single day their system charge 26 PR-500 cards. without informing or giving a message at the time of trading. I was in a impression that I have the enough available limit against intra day but the previous...

Why I quit Reliance Money?



Or Disadvantages of Reliance Money…



· Comparatively twice the delay in opening account initially. Took 20+ days.

· Inconvenient security token

o Without security token you can’t trade.

o It creates inconvenience and discomfort more than security

· Poor trading...

RESPECTED SIR,
I HAVE APPLIED A DEMAT A/C VIDE Acknowledgment Sr. NO. [protected] IN April., 08. BUT STILL AFTER 5 MONTHS MY DEMAT A/C IS NOT OPNED AND PAYMENTOF RS. 1250/- HAS BEEN MADE.

I HAVE FACED THE POOR SERVICES OF RELIANCE MONEY LTD.
PLEASE LOOK INTO THE MATTER....

It seems RELIANCEMONEY using client's money without permission which is completely unethical and unfair trade practice. I have faced problem with RelianceMoney.
I transferred amount Rs. 10000/- from ICICI in reliancemoney account, it was showing me in withdrawable balance for 3 days, the fourth day I transferred amount 90000/- to apply for Adani IPO application.
I assumed I am now having 100000/- in my account I tried to...

Dear Readers, I wish to bring this unfortunate incidence to your notice which happened with me and some other people in Ghaziabad.I am a service class person and job is my only source of income.I saved some money by sacrificing and compromising on day to day needs and INVESTED[I don't have an appetite for trading hence I am not a day to day trader] some money through Reliance Money in Share Market .The reason for choosing reliance money...

Reliance Money is not only an unethical but an cheat company as well.

I opened an account with Reliance Money when they gave offers of less brokerage and better services in 2007. But little did i know i am going in a trap.

Just after some transactions i was amazed to found RS 1000 has been deducted from my account without any knowledge. To my surprise no intimation or mail was sent to me.

Upon...

Unethical rs 15 / each trade brokerage charges by reliance money

I my self Ashish Bordiya do on line share trade by Reliance Money Plat form.

MY Clint ID is A00091216

My point is that if online share trade generates thousands of crores turn over in a single day then it has to be clear & secure by Online operators (Brokers) other wise its just like an online gamble which is worst then a casino...

Hi, The security key provided by the reliance money or secure login onto the website has stopped working all of a sudden due to which i was not able to login to the website and trade. there where few shares which i had to sell but could not due to this. Tried calling the call center number posted on there website but in vain. the operator says the that the number is not in use.
emailed my complaint twice to them but still they did...

The worst thing in reliance money is : TIME LIMIT for intraday which is 2.55pm (we have to square off all the shares till 2.55pm or the system will automatically square off the shares according to market price)

they should give us the time till 3.25 or 3.30pm or till market last. coz the 1/2 hour (ie after 3.00pm) is too curcial in market in terms of price fluctuation.

the time limit till 2.55pm is just showing...

This is regarding cheating business of reliancemoney mall. i ordered 1 8gb spycam which was promptly delivered to me. the product received was a dammy model which was useless. when contacted they promptly gave a postal address for returning & replacement. but ever since return of the product they r neither responding any email nor phone calls. They are cheaters in the name of ANIL DHIRUBHAI AMBANI GROUP. Anil, are u not listening?...

i had opened online share trading account with reliance money on oct2007 that time they given Rs.700
for account opening with that Rs500 of limit card thery have given free.i havenot account till date.

they debited Rs.5717 charege and then creadited Rs5217 being limit card that i have not demanded and
remaing Rs.500 debited being reversal of limit card.

i also sending you leader report below.br...