[Resolved] — 5paisa

Dear Sir,
This is to inform you of the bad time iam having with ur so-called reputed and customer friendly organzation.
Sir, i i have been victimised for no reason and no fault of mine.
i fail to understand that why should i suffer for any misscommunication that happens internally within your organization.
It shows that its the only outside glitter and the reality is far more scary.
As a customer i expect transparency, timely intimation and good service. sorry to say 5-paisa have left me dissapointed in all aspects.
my problems are as follow:-
1) suddenly i am being told last week that the amou nt of RS12600 have been taken away from my account and the mail mentione no reason for it. Customer support was no help either, as they sruggled to give me a convincing reason.
Customer support seems to be highly ignorant and certainly lacks the knowledge of how to effctively carry on their roles.
After great struggle i was told that some miss calculation happened last year and they had credited my account by Rs 12600 extra. And so after ages they decide to pull back the money by squaringoff my positions, and all that happens without intimating me.
Is this true transparecy? hope to hear an explantaion for the same.

2) Customer support ensured me that they will revert at the earlist to me, but the waiting had been quite long and i havnt got any call from them til date.
Wonder what did they mean by "As soon as possible" . did it means of reverting within hours, or days or months?

3) every one gives the lame excuses like "Not we, Mumbai people did it"? As a customer please tell how and why should i bother to know how the organization works internally.
All I seek timely support and service. is it too much an ask? Please respond.

My patience have given up and any addition to my frustation whould lead me to escalate the issue, Even though i dont wish to.
I hope the reputed financial firm like "5-Paisa" understans the importance of customer connect.
A customer if happy brings 10 other customers and i[censored]nhappy leaves with 10 others.

Looking forward to hear from you,
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments  5 CommentsShareTweet


I have an account in india infoline past 2years, . My id is MURUGAR5, at kk nagar, chennai. Mr ARUN Relationship manager has used my account without my knowledge, for past few months, recently in 23 july 2009 he sold Rcom 100 nos(short selling) but he didnot cover that day. I got sms from iil on 7pm, then i spoke to him, He did not give proper response yet, kindly response me

thanking you
I have a trade account in 5 Paisa .com.rupees eight thousand has taken away from my account without any reason.I contacted the customer care but they refuse to refund my amount.this is the second chance.rupees three thousand has taken away from my account one month ago
Please do not open account with 5 Paisa & do not trade with them.
They are cheating people and having very basic & cheap platforms for trading.
Not showing live trading status & we traders loosing money.
Dear sir,
i went account open and 650 already pay my bank account but not open my 5paisa account.i am calling 5paisa office but not received my phone

The same thing is happening with me also with 5paisa. They deducted twice the money for a MF transaction. when asked for reversal, they dont even respond to mail. When i call they say, they will check and come back end of day. But they came back. This is happening since one week. Really don't know what to do. In that aspect ICICIDirect is very good in these aspects though they charge more brokarage. Atleast our investment will be in safe hands.


Post your Comment

    I want to submit Complaint Positive Review Neutral Comment

    Contact Information


    Complaint categoryCategory: Stock Market
    Add Company Information