Motilal Oswal Complaints & Reviews

Mohit rana
customer id -- E517900
respected sir/madam
i have open an account in motilal oswal and initially i have deposited 400000 in my account for trading purpose. but few days back i got a cal from motilal oswal employee name Archana n mobile no [protected] that she is my advicer and she will do trading in my account. initially she keep me updated in all transaction but after few days she was doing the trading without...

Hi, This is Shraddha Shinde. (Client Code: E010254).This complain is regarding to the issue that happened with my trading account from one of dealer Rohan Adake from Malad Motilal Oswal branch on 30 April, 2015. He made optional trading deal without my concern, in which i indebted by leisure worth 40, 000 /- Regarding the issue I took the meeting with Mr. Saurabh Kasliwal (Branch Manager from Malad Branch), Rohan(Dealer), Manoj Yadav...

Very poor customer service. All the customer care numbers displayed on websites are coming switched off.(Attached screenshots for reference) I even called to Ahmedabad branch office where my demat account belongs. They are redirecting to another number. They are also not picking up the phone. I am fed up with the motilal services. Their online portal is also not customer friendly. For a basic query I have to call customer support...

Motilal oswal doesn't give me back my Nism certificate . they use my certificate without my permission. I want my certificate now release it soon...

I have submitted all required documents to close my demat account in May/June 2015. They didn't closed my account and charged with 390 INR in Sept 2015. Now they are harrassing by sending mail every day. See email thread below: RE:'TPS=[protected]' Re: [WARNING: MESSAGE ENCRYPTED]Fwd: Ledger AndDP Statement Ref No.:[protected] moslpune Dec 16 at 11:41 PM To Ritesh Patel Message body Dear Customer, With reference to the above...

This is Satish Chandra, Id is E516878. The Payout option is not working in Website and Mobile app. The option is very important to any trader or Investor. Every time they are asking us to call to them for transfer of money. but for pay-in they never ask us to call them, always works fine. Order Book option in mobile app is worst kind of thing in MOSL. If you put some 1000 quantity order and out of that 1 quantity traded the remaining...

Motilal Oswal has very poor record of customer service. I had opened my account in Bangalore and then later moved to Pune. It has been 2 years and they still operate my account from Bangalore while the RM is from Mumbai. Every time I ask for ledger report, it takes 4-5 follow-ups and a month of haggling before the report is made available. As a customer I am entitled to my report at any given time to make informed decision which is denied...

Dear sir i have account with motilal oswal since 2009 but still i m in huge loss. Company had trade in tgs system please support me or call me i will explain about my huge loss with motilal oswal Thankyou and regards ravi mehta [protected]...

Dear mothilal team. Last week i trade at options .i traded 60 lot .your team took 6000 as brokerage for this trade .its really too high ..brokerage for one lot is 100 ruppee is un unaccepetable Take reasonable brokerage and.Refund my mergin amount...

I am an registered IFA of motilal oswal securities. As per the terms of IFA agreement, as an IFA i will get referal commission from MOSL if any of the customers introduced by me invest in their products like PMS, real estate funds, equity brokering account etc. I introduced a corporate client to them in 2012 and was paid referal incentive upon successful closure of deal. Thereafter MOSL further took large sum of investments from the same...

For last 3 days I have been struggling with motilal system and occured loss of 8000Rs over 3 days. Bought shares from market with intraday and without my concent these are getting sold. As market is downword, I suffered a huge loss, Nearly 15-20% of my money got wiped out in 5 days....

The copy of the mail against my complain is as under. Its over 45 days & the company failed to response to my complain. 1. Till date I have not received the copy of my Agreement signed with you. Kindly provide the soft copy of all the documents & agreements signed by me as I am unaware of the details filled in (The same was blank signed). 2. As agreed the charges were as follows - a. Account Opening- Nil b. AMC Charges- 1st...

Hi,

I purchased below "MUTUAL FUND" through MOTILAL OSWAL in 2011 and redeemed all on 22nd August, 2012.
1). Axis Bank Mutual Fund
2). HDFC Bank Mutual Fund (Amount credited in my account)
3). Birla Sun Life Mutual Fund

But Amount is not credited in my Account because MOTILAL OSWAL did update my wrong bank details in DP (I had request for update the correct...

I hold a demat account with motilal oswal. The RM has made very huge transactions without my consent and on reporting it to the manager, head and also the customer care n so n so forth.... No suitable action was taken.

Please be careful with this company as the client is not properly protected in such situations....

I have closed my account with Motilal Oswal in January but they are yet to settle the balance amount I had in my DEMAT account. I called the customer care people and was asked to contact the local franchise. When I called the local franchise they redirected me to the customer care again. It has been more than 4 months since I closed my account and there seems to be responsibility from them to settle the account.

I am posting...

Sir,
I, Manisha Singh, am writing this complaint letter on behalf of my father Brajnandan Prasad Singh.He opened a trading account with Motilal Oswal Securities Limited (MOSL), Ranchi Branch bearing DMAT account no [protected] (client code XRMR76) through their account opener & verifier, Mr Narayan Khandelwal. My father handed over a HDFC cheque no - 439050 dt 06/03/11 of amounting to Rs 1,51,000/- to Mr Narayan Khandelwal...

My trading account transactions was managed carelessly and not reviwed by any manager / supervisor ona ccoutn of which my losses were magnified. inspite my specific instructions to cover losses withing 5-6rs, they were nopt done so hence lost most of my capital investment and have made no gains....

Respected Sir,
1) I trade online with Motilal Oswal Securities Ltd with A/c No. ESBI 159773. On 31.05.2011 I purchased 500 unit of NCC Eq. intraday and square off before 3.15pm (before square off suspension time). But because of their system failure as the net position and trade book did not reflected the actual position I sold 100 unit more and it should have been automatically square off by the system. Further, system did not allow...

I have very very bad experiance with Motilal Oswal. They have lot of support issues. They have lot of limitations. Sales People are cheaters.

Once you open the account, you will experiance the same & there is no option to back out becuase they do not give money back which you have given as advance brokarage.

You should take written commmitments from the sales people. Anyway evenif they give in writing nothing...

I have opened trading Account with Motilal Oswal 2 weeks back with advance brokarage of Rs. 10000/-.
Since Last week I have started using the same. from the day one, I started facing problems with Trading Platform.

1) There was no proper training given
2) Whenever you ask resolution about queries, they transfer the call to back office & you do not get proper response bacuase they do not try to understand...

On 19th November, I instructed Motilal Oswal to close my accounts with them and refund my money. This was because I lost appx Rs.30,000 due to no-action from their side. I have not yet received my money nor i have any info from them. What is the next action that i should take. Will it help if i register an FIR with the Kandivali Police station ?

My trading member code no. is 10412. My CMBP ID : IN558336 DPID : IN301862...

To
Mr. Vikash Kumar,
59, 2nd Floor, A.C. Market,
G.E.L. Church Complex,
Main Road, Ranchi – 01

Sub: Complaint against Fraudulent business being run by your Ukhra Branch office under Durgapur Sub-division, Steel City , Dist – Burdwan (W.B.). (xdg596)

Dear Sir,
I, Sri Naresh Sharma o[censored]khra Town is one of the victiam by investing Rs. 20,000/- (Rupees Twenty Thousand) vide...

I have a trading account with Motilal Oswal. The account was frozen for want of PAN. I have given my PAN number at the time of opening my account so I dont know how this has happened. In spite of this I have again given copies of PAN cards of both self and wife. I was told that the account would be activated in two working days. It is two working weeks since then and yet the account has not been activated. I have contacted the Bangalore office3...

good day sir ,

as cited above i hold demat a/c with motilal oswal and icicidirect , months back i b

i trade more in motilal oswal now because of reduced brokerage ie .50ps delivery as against .75ps in icicidirect , around 2 months back i purchased some scrips for which the brokerage is charged at 10ps
as minimum charge why should the co have such parity and charge uneven brokerages

even...

Hi all,

Below Issue Im facing .

Please let me knowWhere I can get justice?

[protected] Forwarded message[protected]
From: Rajesh Jindal <[protected]@gmail.com>
Date: Oct 25, 2009a 10:09 PM
Subject: Regarding Query ID - XXXXXXXXXX
To: support <[protected]@motilaloswal.com>, [protected]@motilaloswal.com
Hi,


This is Rajesh Jindal , Client...

Hi,

Motilal oswal has played a very dirty game wrt allotment of rights issue. I had bought shares of Infomedia in 1st week of december and as on date (31st december 2009) i still hold it and is shown in my demat account. The record date for the same was 21st december 2009.

I have not received the rights issue form as i am being told that shares on record date were not in my name. Motilal Oswal has cheated on...

Sir,
my login id is XDB038 ant Dmat a/c no. with Motilal Oswal Sec. Ltd. is- [protected]. I have not recieved any digital contract note on my Email ID so far....

eztrade.co.in

the service is extremely poor ... readily gets disconnected...
when i try loggin in ... the scrips dont load in 0ne attempt ... usually takes 9 to10 attempts ...
do smthing to improvise ... or compensate for the problems caused by your service...

I applied your IPO for 30 shares. I do not get the shares but yet you dont refund me my Cash of 12999rs.please take the action and try to solve my problem.I am a student i need money..

Please look my complaint seriously and solve it quickly.
looking for your positive response....