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[Resolved]  Reliance Capital Eld. (Equity Linked Debenture) — WRONG SELLING OF PRODUCT -ICICISECURITIES.COM

In this connection I have to state that Shri Pankaj Khanchandani, Regional Product Manager - Retail OF ICICISECURITIES JAIPUR has narrated the full scheme (SCHEME NO.REL CAP SR B/78 19MY15 FV10LAC (STOCK RELN11))and he has wrongly stated that the benefit of 26.75% along-with the participation in nifty will hold good even THE NIFTY FALLES BELOW THE CONTINGENT LEVEL (COPIES ECLOSED). This he has shown that the last effect will only prevail if nifty ALWAYS GOES BELOW THE CONTINGENT LEVEL OF 4300 FOR ALL THE 26 MONTHS (AS HE HAS WRITTEN AND EXPLAINED ON THE EXAMPLES) IF WE ASSUME THE NIFTY AS ON 5700 LEVEL.
Therefore in my opinion the contract on which I have singed does not hold good as I was disagree to sign if the benefit of 26.75% of investment amount of 1000000/- does not prevails. I WOULD HUMBLY REQUEST YOU TO ARRANGE TO DISCONTINUE THE SAME AND REFUND THE AMOUNT OF RS.1030000/- PAID BY ME FOR THE SCHEME TO ME. MY EMAIL ID [protected]@YAHOO.COM AND MOBILE NO. IS [protected]

WRONG SELLING OF PRODUCT -ICICISECURITIES.COM
WRONG SELLING OF PRODUCT -ICICISECURITIES.COM
WRONG SELLING OF PRODUCT -ICICISECURITIES.COM
WRONG SELLING OF PRODUCT -ICICISECURITIES.COM
Complaint marked as Resolved Aug 13, 2020
Complaint comments  2 CommentsShareTweet

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equity — Sale of Stock with intimation

Client Code no IT KT1975

On Friday 6/12/08 Reliance, PSL and HIDL purchase on dilivery based but sold without intimation. even the payment has already been made.

equity — equity products

i used visit vishal megamart often one i purchased equity boiler but it soon got damage automatically whentook my complain to customer care vishal mega mart they refused to get it repaired although it was under warranty i don,t know how easily these companys and dealers cheating ordinary people and making millions at the cost of others we should try to be aware of these cheaters as they are damaging thier own reputation

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    JAIPUR
    Rajasthan
    India

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