IIFL Center, B Wing, Trade Centre, Kamala Mills Compound, Lower Parel, Mumbai, Maharashtra, India - 400013
[Resolved] India Infoline Limited — Margin money made negative without any clients transaction
Pl see below my letter addressed to INDIA INFOLINE for their malafied practices.
Manager Customer Care
Subject : Protest for not allowing clients for doing their business
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 !!!
ID : RANGAR73
Ph :[protected], [protected]
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Aug 13, 2020Complaint marked as Resolved