Aditya Birla Money Complaints & Reviews

Dear sir/madam, aditya birla money cheated me. I am malay mohanty from orissa. I registered with aditya birla my universe some one month back. After few days i received calls from there portfolio managers to invest in mutual funds. So i agree and invested in 3 sip. No.1: sbi bluechip fund - g no.2: tata balanced fund - regular - g no.3: canara robeco emerging equities - g while closing the sale i inquire about ecs mandate is not approved. But their portfolio manager ms. Sabina told me that, when i will send my all documents, they will update my ecs mandate. So i trust them and transect in three funds. But later when i send my documents they told me that the micr code shown in cheque does not have the ecs facility as per rbi. I am in big problem sir. I dont understand why not aditya birla myuniverse checked and verify all the documents before taking business. I have no idea about ecs mandate. But when taking business by their representatives they told me every thing will be ok. But few days back they sent me one email and ask me to change my bank account. What i will do sir ? even they are not responding to my calls and not even bothered about call me. Please help me. I have no other option. They should must clarify facts before taking the money. I want my all transaction to be cancelled & my money back. Regards malay mohanty mobile number:[protected] /[protected] investor id: abmmu0107366 bank name: punjab national bank a/c no. [protected] ifsc code: punb0611200 micr code: 49602450

In 2011, relationship manager name PV narishma rao from aditya birla money has approved me for opening dmat account. But, after submitting all document.I got information from one of my friend., Service was not good. So, immediately on same day i called him asked to not open account.He was agreed but, he open demat account on my name. Now, after 3 yrs they are asking me to pay account opening charges.

Dear sir I am Satya brata dash i am talk to your agent send my mark sheet a/c no id proofp in gmail id [protected]@gmail.com
your agent sanjay talk to me and say to me pay 4200 for procescesing fees then he said to pay 14300 for govt.tax i pay that thjen he said to pay 10000 then i pay that then he said to pay 6000 but bi say to him i have not any source to pay but he said if dont send that i amt your amount you pay you dont get back and loan also not be gave toyu sir pls take strong action against it isend that amt to a/c no-[protected] of manoj kumar pandey of sbi bank
the mobilenumber f that agent is-[protected]
another a/c no is-[protected] manas ku. panigrhai
so pls take a stronger action up this and send my loan amt or my send amt ao me
my mobile number is-[protected] [protected] pls sir contact me after solving that

I deposited some shares in my Demat a/c Dp Id no IN301696/12277109 and Dp Id IN301696/12277117 of Aditya Birla Money Ltd. But the franchisee started Option trading in my account without my permission to earn brokerage and he exhausted my shares. He had even crypted the E Mail Id on his own computer and put in my account.As the E mail Id was a new one , so I did not check the same. So the fraudulent trading by the franchisee of ABML was not diagonased. But on checking the same on 18.12.12 it was found that my most of the shares are missing. On enquiry he gave in writing that I shall make up the loss of your shares. But he is refusing to do so. I have put up complain to Aditya Birla money ltd. but they are telling that the trading were done in your knowledge and statements were sent to your registered E mail Id. But the franchisee never obtained my consent for the said trading.. But how can any body trade in my account without my permission and even exhaust my shares. This is against my fundamental right and robbery in broad day light of my savings as shares.

Please help me in getting my shares back.

Y F

Anjana Sharma & Umesh Sharma

I was worked for Aditya Birla Money for 4 years and 7 months. I resigned from the servive in Sep 2011 my last working day is 17-Sep-2011.
I did not recive any letter from HR department regarding my full &final satlement till 13-Sep-2012.
I sent a mail to hr.[protected]@birlasunlife.com on 01-Feb-2012 and receive a ticket no [protected]. I did not receive any mail my mail id is [protected]@yahoo.co.in. Kindly revert soon

Harinder Singh
Bathinda

I say AB Money in Bangalore is a big fraud company.
My self and my husband had invested in the company around 1.7 years back (3.25 lakhs).
From the begining there was no
profit and only loss.
after 3-4 months the broker did not show proper interest and my amount underwent only losses.
After around 5 months the broker absconded and the trading account got blocked.
After this we went to ab money banglore branch office who did not respond to us properly and simlly gave some answers and postponed the things.
After some days they told that a complaint has been registered with SEBI against the broker and once the case is closed, we can recover the amount.
The c ase was closed in favor o[censored]s.
But till date the company has still not paid us the amount.
They are playing with us and our lives.
We have registered a an informal complaint in the police station, but the company ppl are giving one or the other reason and escaping every day, i dont know how to deal with this,
Can any one help me out ....

I have create account in Aditya Birla Money and Aditya Birla have given me 1 relationship manager and initial he ask me before buying any share later he have taken loan from my account of 70000 without taking my approval and purchase and when share went into negative they call me more paying more money then inform them about the fraud still they did not take any action against that guy and he eaten all my money from my account. Aditya birla money must be close for this action.

unsatisfactory services knowledgeable staff indulge in self trading very pain full experiences when i gave them cheque to clear my dues of de mate account they did not collected and later they collected with 18 percent compound interest use to show credit balance into debit balance always want to grab as much money as possible .no fear of law and higher ups extreme bad service i advice no one should indulge with them at bhopal branch

My mother Mrs.Saroj Jain has a trading account with Aditya Birla Money and I am her son Ankit Jain (nominee in the account).

Lately I have received letter from Aditya Birla Money Ltd. indicating that some trading been done in the account. These are basically Nifty trading (day trading). Permission for this trading has not been given
by my mother. Around 15-20 days back we had informed the Aditya Birla Money personnel to stop any kind of trading in this account and he had assured us of the same. However my mother has informed me that she has received couple of transaction statements from Aditya Birla Money dated 12th May / 13th May / 19th May / 23rd May.

We would like to stop any kind of trading in this account with immediate effect.

Please note that this can be taken up with SEBI as shares in our account are being sold to compensate the loss which the broker has incurred by doing the trading in NIFTY. We have also come to know that
the brokerage for these transactions is coming to ~ 1 lac+. The sole beneficiary in this ILLEGAL transaction is Aditya Birla Money Ltd and the broker.

This is the WORST TRADING SERVICE which we have seen lately. Please take a serious note of it and stop any further transactions. Failure to do so will result in a legal action against Aditya Birla Money Ltd.

Details of the relationship managers whom we are talking to are-

Ashish Singh ([protected]) & Aprajita Khandelwal ([protected])

Hello,

I am Hitesh Thanki, client of ABM Pune. Client Id[protected] [protected]. I have invested in your Gold Harvest Product last year. and that investment is giving me good returns.

My representative is Manish - +91 [protected], last week I thought of investing in Commodities, and handed over cheque of 50,000/- to him. cheque has been cleared, after that I contacted Manish there is no response from him, I did not hear anything from him and now he is not responding to my calls.

I also sent him an SMS saying, if you do not response I'll be contacting higher auths. Now I would like to know what exactly is happening at this front, where is my investment ?

Hoping for someone to get in touch with me immediately.

I am Satish Uniyal, My complaint is that everyday I am getting Sms from LM AB Money in my mob. No.[protected]. it is very disturbance to me and many times informed to Ernakulam branch there is no any action regarding this matter.
Kindly prevent SMS coming from LM AB Money.
Thanking you,

Satish Uniyal
Dehradun

I had already posted a complaint and did not get any revert back. I dont know why are such brokerage houses allowed to be in market who have no knowledge of industry and who cannot take care of our information. These guys in-spite of warnings never gave a proper statement of my trading and all of sudden managed to screw up 8k in my account. when i ask for details manager comes with blank answer of what do he knows. They are not ready to provide me the details and additionally not ready to hear my statement which i ma providing. can you please attend to this query and give me the assurance that you can provide me justice.


regards


Deepthi tarawat
[protected]@gmail.com

Hi

Its a humble request from me that please check on with your employees at Coimbatore office branch. I personally feel they are the most immature people appointed in the finance brokerage industry who knows only to sell and bring high net worth customers without providing them right service. They know how to capture the cheques and leave the customer on the road to decide his or her own direction. This is with special reference to Sripathi with whom i dealt in the office. The problem began right from the opening of the account. They dont know where to get the right signature and then come up with excuses to cover up the delay. it takes [censored]in 15 days to open a trading account in comparison to 4 working days with other brokerage house. Then i get to learn that our trading margins are less than 6 times which is promised as 8 times in the beginning. Later i get to learn form the manager of the branch that you guys require a margin of 36000 for Nifty and to cover up that mistake of manager the employee says the margin is 25000 for intra day and for positional trades its 36000.. I dot know what exactly is going on here and how come such amateur brokerage houses are given the chance to trade with people's money. They are not concerned with Investments of their clients all they need is how to get their brokerage if this is what Aditya birla money is for then i guess its high time customers like us take action against such brokerage houses and make sure with SEBI that ground rules be created with regards to appointment of people with basic qualification of MBA from 2 tier institue.

I have booked IndiaBull ,Greens Property through Ms Aditya Birla Money ( Agent) at particular rate and paid booking amount through Cheque as per Rule. But after some time company has told me that Flat is not booked in your name as rate is increase now.

I am fail to understand when i paid booking amount at point of rate of flat at particular date, whey they have not accepted my booking?

Also now Official from Aditya Birla Money at kalina Office not answering me at all neither they are returning my money

Hello,


IAM pavankumar reddy csn, one of the executives of aditya birla money came to me and asked to open a demat account so that he can reach that months target as i know him and given all my details along with my pan card and a cheque of 5750/- the amount also got deducted from my bank account but the demat account is still not opened.When I asked those people they are simply saying ur document is rejected.they said this after 20 days from the day my money got deducted.
I dont know whether my document is rejected why my money got deducted.

I want to complain on those people.

I have DMAT with Adityabirla money
I have below mentioned major problem with my a/c.
While filling up of application for account opening it has been promise by sales executive
1. Mutual fund can be brought online – but till date the facility is not activated.
2. Fund withdrawal will be online – but no options in portal for withdraw of fund. We need to call to toll free no. for withdrawal of fund; which is most of time busy before 12.00 noon. After which the request get for second day. Unnecessary I waste the interest on amount for a day.
3. I have given Rs.50000/- cheque for initial account opening balance which was debited from my account on 14/09/2010. With the promise of 30 paisa brokerage per Rs.100 on delivery & 3 paisa brokerage per Rs.100 on intraday trading. But
i. My account opening related document reached home on 24/09/10, also on same day by email you have conveyed the log-in ID & password – What about the interest on amt. for 10 days ? My withdrawal request also executed on 1 Oct.
ii. I have put one online complaint over portal in feedback section, but there is no tracking mechanism available to find what action has taken on the same.
iii. I have done 1st online trading on 8 Oct. for which 50 paisa brokerage is charged instead promise 30 paisa.
iv. In contract rate JSW energy base rate was Rs.123/- per share even if brokerage is 50 paisa; it will 0.615 paisa per share. You have rounded it in upper limit to 0.62 paisa per share. In this calculation I lost 0.20 paisa in total which is unaccountable . This is criminal- fraud & malpractice. You are trying to get extra money from client.
v. In contract note it is mentioned minimum brokerage deduction Rs.50/- ; the taxes are also deducted on the same. But, nowhere in the application form & sales communication was it mentioned that min. brokerage Rs.50 will be charge if actual transaction brokerage is less than Rs.50 /- per day. This falls promise.

I had invested 25000 rupess in Gold Harvest scheme of Aditya Birla Money.

Even after 2 months, they have not sent me welcome kit.

And also i agreed to pay 5000 rupees everymonth through ECS, and gave them 2 cheques of Rs 5000 in case ECS does not gets cleared.

They have presented the cheque as well while the ECS was cleared. So they have claimed 10,000 rupees against agreed 5000 Rupees.

Can you please get this resolved?

We have a demat account with Aditya Birla Group. Today when we were scanning through our account statement, we suddenly realised that shares over Rs 2.5 lac have been sold with no money credited to the account. When we challenged the Branch Manager at Ultdanga branch of Aditya Birla, Prajwal, he said he was SORRY! He said that he would buy back the same number of shares and reinstate the value of the portfolio by 12th August 2010. The entire episode shocked us to such an extent that we were left speechless as we could never imagine that this is the kind of fraud that Birla Money would carry out. We have decided to file an FIR and initiate a legal case against the individual as well as Birla Money.

Regards,
Majumders,
+91-[protected]

I deposit Rs. 50000 in Adityabirlamoney for my online trading. But to my dismay the dealer of the Adityabirlamoney at rajendraplace started trading in my accont without my acceptance. I never trade in F&O nor do I understand it. He made me a loss of Rs. 25000 to me. I warned him to return my money back. Instead of being sorry to me he put the blame on me. I took back the remaining money and emailed my complaint to the company so many times but the company took no action against the dealer. I have registered the complaint with the BSE about a month back but nothing has happened as yet. I am not the only person who has been cheated by the Adityabirlamoney.

Aditya Birla is a big stupid company which cheats the customers by its prepaid brokerages. Their agents are vey worst hiding all the information about the charges and entertained in opening the account.

I never seen this type of fraud in opening demat accounts.

Guys please dont invest in aditya birla, one of the wrost broking services they have.