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[Resolved]  India Infoline Limited — Margin money made negative without any clients transaction

Dear Madam/Sir,
Pl see below my letter addressed to INDIA INFOLINE for their malafied practices.
Regards,
Rani Garg
[protected][protected][protected][protected]-


Manager Customer Care
Infoline India
Bombay

Subject : Protest for not allowing clients for doing their business

Madam/ Sir,

My id is RANGAR73 and I work thru ttadv software. Today morning 24/01/08 at 10:00 AM my Open Margin was Rs 55135. This we view everyday before we start our terminal thru F3 function key.

To our surprise we see after some time at around 10:15 AM that our margin money had blocked by Rs 110640 whereas we had not transacted any business resulting negative balance which would give you an authority to square off our outstanding position without our consent. This is not fare. I protest this approach. Also I mention here that I had continuously tried to convince our RM at Delhi and also spoke to your Bombay office but no satisfactory solution.

It was after our hotted discussion with your officers they released only Rs 84865.

It clearly indicates that there is a malified intention in your system to kill the interests of small investor & have a option in your hands to square-off their positions as & when you wish to do so.

For your information I am attaching herewith Screen dump of my terminal showing Margin money status.

PL CLARIFY WHY MARGIN MONEY Rs 110640 WAS BLOCKED AND WHAT WAS ITS MOTIVE. WHO IS RESPONSIBLE FOR LOSES !!!

Rani Garg
ID : RANGAR73

Ph :[protected], [protected]
Complaint marked as Resolved Aug 13, 2020
Complaint comments  8 CommentsShareTweet

Comments

I am maintaining my trading id anookum8 in azadpur branch (Delhi) I have transfer a sum of rs 107500/- on 23 and 24 of jan in their icici a/c, for next 20 days their system doesn't update the ledger and i was not allowed to do any trading in these days and after repeated reminders and visits to their branch in kirti nagar and azapur they have shown the money in the ledger and for the last 15 days i have been repeatedly asking them to transfer this money in my a/c but they are not transfer the money. Any one who is having the nos of the top management and nirmal jain pls give it to me. I want to give a hard slap on the face of nirmal jain . Yesterday in their system, even my trading id and demat a/c no was missing from the database.


I am requesting all of you not to deal with this cheater company.
All of you will lose your hard earned money.

Anoop Kumar
[protected]
lets all join hans to raise a voice against india infoline...[protected]@hotmail.com
I HAVE OPENED ON LINE TRADING WITH THEM ON 18 JAN 2008 WITH AMOUNT OF Rs.30000/ AT THIER BRANCH BTM LAYOUT BANGALORE.

ILLEGAL TRADING TOOK PLACE IN MY ACCOUNT WHILE WE ARE IN ABROAD FOR 55 DAYS AND INCURRED A LOSS OF Rs.18200/ WITHOUT MY CONSENT. NOW THEY REFUSED TO SETTLE THE MATTER .

WE HAVE TO RAISE VOICE AGAINST THEM TO SUCH TYPE OF TRADING .

PLEASE GUIDE ME IN THIS MATTER TO PROCCED AGAINST THE COMPANY.

R SUBHAS PRABHU(SUBHAS28)
MOBILE NO:[protected]
TEL:[protected]
I do inform you that I am your new customer.2 months old. I go to your office .I have also noted some points . I am interested to inform you for your better service and reputation, but I am of the
opinion none of you are intereted to convince your customer.

Gandhi JI told[protected] customer is obliging a trader not a trader oblige a customer.

On receipt of your response and your interest for knowing the noted points, will be informed.

brijchan

BRIJ CHANDER ARORA, MEERUT
Dear Sir,



As the telephonic discussion had with you, I am sending herewith my details as required by you mentioned below.



Name : - Jay Himanshu Mehta

Working Location : - Vastrapur – Ahmedabad.

Emp. Code : - C52986

PF. A/c. No. : - MH / 44546 / 10596 (the docs. forwarded to you)



Please note that the withdrawal forms and other documents has been submitted to the HR – Dept. Ahmedabad to Mr. Pruthviraj & M/s. Dhruti 5 month back(in the month of May-08) and according to them the same has been also forwarded to you by 24-07-08 vide the docket no. 291 through Midway courier company.



Sir, as per the details mentioned above the documents submitted before 5 months, they are forwarding to the H.O. before 3 months and till date i dont know that weather the same has been submited to the P.F. Office or not (as the status is not showing on the website on epfindia.com) – I would like to know when the same has been submitted to the P.F. Office and also required the acknowledgement details from you to escalate the same for further.



It’s my humble request to you to kindly provide me the details ASAP, and do the needful.



Awaiting for your favorable reply…..



With Regards,

Jay Mehta
[protected]/[protected]
[protected]@yahoo.com
Dear Madam/Sir,
i ma kushal pal singh jadon from gwalior mai fanchi lena chahrha hu to mujhe ye samjh mai nahi aarha hai ki mujhe fanchi kistrh milegi or mujhe iske liye kya karna padega, my request hai ki aap mujhe jankari de plz



kushal pal singh jadon
[protected], [protected]
[protected]@yahoo.com
the worst people are in india info line j.p nagar bangalore, they dont even has manners...and no.1 for mis behaviour, that company is ruined by Mr. and Mrs. Gyanesh jain
Dear Sir,

My account id is BM210286. i am my ladger balance was deducted for no reason and no one (even my RM) has any idea how it happened. my cash balance was around 7725 Rs. on 15th of march 2011. that day my net profit was 1400 for which i was sent my dayily bill in email confermation. but it was shocking for me that the next day my ledger balance was -5560 Rs. i asked my RM to give me reason for that deduction but he could not find anything. i also got one email that on 16th i bought 300 nifty 31 future and sold 350 nifty 31 future. and booked loss of Rs 7410.50 i have not made this tread. can you please explain me my deduction before i go to consumer courte and file a complaign against you.

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    India Infoline Finance [IIFL] Phone
    +91 22 4151 4151 [Customer Service]
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    India Infoline Finance [IIFL] Address
    IIFL Center, B Wing, Trade Centre, Kamala Mills Compound, Lower Parel, Mumbai, Maharashtra, India - 400013