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COMPLAINTS

5Paisa Complaints & Reviews

G
guri13
Nov 28, 2021
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Trading account activation

Website:5paisa

I have a trading account with 5paisa. the account was regular with transactions. suddenly one they the account got inactive.after talking to their constumer support executive i submitted the kyc form and my aadhar pan card. i have sent them over 20 times. Every time i got a response that kyc documents are not in clear images.
their customer support is also not helping me out. my hard earned money is stuck in stock market not an option...
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D
deepakpatidar38
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Mutual Fund Transaction

Address:Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane - 400604
Website:www.5paisa.com/online-trading

I have got a message that my MF transaction will be done on 2 April. But instead they charged me on 30 March and my bank balance went negative. On the other hand due to insufficient balance HDFC bank charged 1200 INR to me for the ACH return amount. I lost my two SIP installments and 1200 INR on the go.

You guys are making fool of middle class people who are trying to earn their livelihood and the fraudster loots crores of...
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Website:www.5paisa.com

Hi,

5paisa support is not ready to delete my data and account requesting from 1 n half month with multiple tickets. They simply close tickets without doing anything.
Client Code : 58981657
Tickets Raised :
4786740
4633285
4617758...
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M
Mahender nath ravulakolla
from Hyderabad, Telangana
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Worst service

I have been told we have good service of customer support but I tried calling many times but always it comes busy and no responce. I am a beginner in trading and I want to understand the app usage. But customer support is not helping me to deal things. Dropped mails but no correct responce is given. I added some money to the account but no information is provided on hidden charge and normal charges. Also I did a recent trading of 1000 rupee....
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A
Aswini Kumar Sethy
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Yes bank share sell please

Address:Sanakusasthali Badakusasthali
Website:Yes bank share trouble

I'm trying to sell my yes bank share from 2month, it is not possible. Kindly please sell my yes bank share...
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A
AvishekMajumder
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5paisa unable to provide service

My complaint with 5paisa is that when they can't provide service, they should not advertise falsely. Today I lost a lot of money due to their faulty service. If they cannot provide service in the time of need, they should not falsely claim such things. Is there a way to shut them down?...
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H
Hussain M K
from Bengaluru, Karnataka
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margin trading added without my consensus and started charging me.

Address:560001

Facing a great hit dealing with 5paisa last 4 months.
They included me in margin trading without my consensus and i am getting penalized for the same.
Had been writing to them last many months but no proper response & my fund deficit is increasing.
Other than raising a ticket and closing the same ticket without solving it they do nothing.
Would like to rate zero but dont have that option of 0 instead had to...
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T
teddy sweety
from Nagpur, Maharashtra
Resolved
The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.
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Resolved
The complaint is marked as resolved when a company has responded to the complainant, addressed his or her dissatisfaction, and came to an agreement where both parties agreed that the complaint is indeed resolved. However, a complaint can be automatically marked as resolved if a complainant isn't responding or updating a complaint for 30 days after the company has tried to reach the complainant.

brokerage

I signed up for an account. They kept charging money for no reason. They put a hold on rs450. I was looking to close the account. As per the email by 5 paisa they promise to reverse the rs450 once the account gets closed.

I sent thousand of emails and calls but no help. It's a fraud company and it should be closed as early as possible.

Grievance and compliance officers are not responding. I am planning to take...
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S
shital.meghanathi
from Ahmedabad, Gujarat
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opened ticket in 5paisa to close my account

Website:forum.5paisa.com

I have opened demat account in 5paise capital limited through online. My demat account was successfully activated by 5paise capital limited. After one year i don't want to use that account anymore so i decide to close the account. I have opened one ticket in 5paisa about the 'close account'. They respond me that please don't close your account with us via email and after that closed that ticket without giving me further details about close...
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S
shital.meghanathi
from Ahmedabad, Gujarat
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5paisa capital limited opened ticket in 5paisa to close my account

Address:380015
Website:www.5paisa.com

I have opened demat account in 5paise capital limited through online. My demat account was successfully activated by 5paise capital limited. After one year i don't want to use that account anymore so i decide to close the account. I have opened one ticket in 5paisa about the 'close account'. They respond me that please don't close your account with us via email and after that closed that ticket without giving me further details about close...
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R
raheg
from Bengaluru, Karnataka
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account closure

5paisa brokerage house is harassing customers. I stopped using their services and asked 5paisa customer care to close my demat-trading account everytime they send email asking me to reconsider my decesion instead of closing account. They are not even responding to emails now

It's cheating to go against consumer wish to close account and harassment, sebi should take action...
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R
ram1946
from Mumbai, Maharashtra
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poor trade software

Address:Mumbai City, Maharashtra
Website:www.5paisa.com

I have an account with 5paisa ref 52833860. My recent query under ref:2049800 has been responded stating their download system for contact notes from my account will work only in google chrome. Therefore i should compulsorily install the google chrome. I never want to use google chrome and use mozilla or internet explorer. From the response it appears that either the concerned personnel is fooling me or in reality the company do not have...
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A
anuppkumar
from Noida, Uttar Pradesh
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wrong share price is showing in my holdings

Address:New Delhi, Delhi, 110062

I bought 345 share of itc on 18-jan-2019 at the rate 290.95. I sold my all 345 share on 23-jan-2019 at the rate 293. I again bought 360 share of itc at the rate 277.90 on same day (23-jan-2019). Next day i checked my holdings 5paisa app was showing wrong rate of my share. It's showing 360 share at the rate of 290.4. When i talked to customer care of 5paisa they told me according to rule they will consider my first buy rate of shares if i...
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N
Nesil Staney
from Delhi, Delhi
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fake promises & swindling funds

Address:110074
Website:5paisa.com

I registered for an online trading account with so called ducount brokerage 5paisa.com after noticing their advertisement about 5 min account activation.

Now weeks later, having submitted all documents & online money transfer of rs 650 ~ i have neither trading account nor my cost refunded. I have made at least 50 calls from my phone to the company staff.

They are extremely unprofessional, uncouth & bullying....
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R
ramireddy savada
from Thrissur, Kerala
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amount not refund

Whenever i install the app, and fill details, then a call from 5paisa an amount of rs. 650 i had paid... But i am not interest for open the account... I totally confuse and paid the amount... I really loss amount on basis of phone call... My request is... Ban the this type of process for online payments... With out interest from customers these companies are gain for more......
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J
JS Pankhaniya
from Ahmedabad, Gujarat
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about script

Address:Junagadh, Gujarat, 362002

Maine canfin homes ke 100 quantity li this lekin 12oct ko wo split hua to 500 quantity honi chahiye lekin company wale kya kiya pata nahi 290 quantity aayi mere account me me maine kay bar call kiya lekin wo log 2din bad ho jayega aisa bolte he le 1.5 month se call kar raha hu uske pic. Bhej raha hu aapko please help me wo log aaise hi interest le rahe he...
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G
Gaurav Sotani
from Banswara, Rajasthan
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poor customer support - mentally harassing customers

Address:Mumbai City, Maharashtra
Website:www.5paisa.com

I have opted service of 5paisa for trading purpose. I have transferred funds to my ledger. But next day when i wanted to trade, it says that fund is not available. I tried to contact 5paisa many times but no response. Due to that i suffered huge loss. When finally i transferred more fund to my ledger and then i was able to trade. Then after many hours i got reply that funds are now available. But when i calculated, the amount is less. Again...
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A
Afzal Rafeeque
from Delhi, Delhi
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got a mail from bse ltd for paying money.

Address:New Delhi, Delhi, 110096

I am receiving a message from bse ltd which is showing that (Dear investor,

With reference to sebi circular ref. No. Sebi/ho/mirsd/mirsd2/cir/p/2016/95 dated september 26, 2016, stock brokers are required to upload details of clients fund balance and securities balance.

Client name unique client code client pan no. Client email id client mobile number fund balance (Bse) (Rs.) net across exchanges (Rs.) total...
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