[Resolved]  India Infoline Ltd. — Unauthorised Transaction in my Trading Account by India Infoline ltd

Dear Sir,
Through your esteemed forum, I wish to highlight the vulnerability of poor investors like me in the hands of trading members. I am holding Demat A/c No. DP Id/Client Id: [protected] with India Infoline Ltdwhich was opened only in Aug 2008. On 26/09/2008, the Relationship Manager Mr. harpreet Singh at Janak Puri, New delhi branch of India Infoline Ltd purchased OPTIDX NIFTY Oct[protected].00 CE @ Rs 62 of total value Rs 266, 600.00 in my Trading account (UCC: BLR12345) without my instructions/request. This was promptly brought to the notice of the trading member the very next day on 27/09/2008 vide complaint no. 27181. Though the broker has verbally conceded that it was a mistake on part of their employee but they have refused to rectify it. I have submitted written complaints to the concerned authorities like NSE and SEBI. Despite the complaint being pending, the India Infoline sold shares lying in my Demat account on Oct 8, 2008 worth for Rs 238687/- and again on 20/10/2008 for Rs 29148/- misusing the Power of Attorney. I am a retired teacher suffering from immense psychological stress and mental trauma because of the above illegal trade. I have never traded in the derivative segment, as I am not conversant with the same. Almost all the shares in my Demat Account are allotted in the Public Issues. I have been cheated to the tune of Rs 270000/- of my hard earned money because of the unauthorized transaction. I am running from pillar to post to various authorities but with no desired result. I therefore request you take up the matter with the India Infoline and redress my grievance. Also, please caution the investors to take precautions for unauthorized transaction in their accounts.
Regards,
Babu Lal Rustagi
R/o D-116, Raj Nagar-II
Palam Colony,
New Delhi-110045
Ph.: [protected]
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Aug 14, 2020
Complaint marked as Resolved 
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India InfoLine — unactivated demat account

i have opened demat account in india infoline but it is not activated still what is the status of my account?

IndiaInfoLine — Unauthorised trading in my demat a/c

Respected Sir,
I am Prateek Pathak. My Client ID – PathakPR. I have a online demat a/c in IndiaInfoline, Padav Branch gwalior(m.p). Sir, there has been unauthorised trading between 25-05-08 to 04-06-08. I got the information of this unauthorised trading on[protected]. I called in the Branch and made to enquiry. They denied for any kind of trading . But i explained them that I had not used my terminal from my home, because my sister gave birth to a baby and suie 25-05-06 to 05-06-07.I was busy at the hospital.
When I told about this fact to Branch Manager, they explained that it might be a mistake. BM replied me that he would get it removed . He told me that trading had been made in PATHAKPR is place of PATHAKRAJ. I obo made been a written complaint Bm Satisfied me by saying that he got this stock transfer . But till now the stock had not been transferred but due to this reason, i am being Sold BY HO.
After this branch Manager told me that Branch would bear the burden of loss. But till, that stock is in my accounts and my networth is decreasing day to daybecause of networth Sold By Ho.
The mistake which was made by Branch, now they are explaining that there had no unauthorised trading.
I have obo put this matter before TERRITORY MANAGER & Customer greivances by phone & email but TERRITORY MANAGER is not ready to accept the existence o[censored]nauthorised trading in my A/c.
Since one month, I am going to get justice, but now whole Branch being one, is putting pressure on me & threatening me to do whatever I can, they will see me.
They are threatening that nothing would be done in my care & if i took any further step in this regard, they will close my Dmate A/c. Whatever Stock is my a/c, They are show as SOLD BY HO & keep all the money with them.
Before some time, when my a/c was newly opened, than i obo mailed against PADAV BRANCH on drop box at IndiaINfoline site. The reason was that i gave application for online a/c but my application had not been accepted over after 10 days . As a reply of my mail M.D of IIL Mr. Nirmal Jain did a return mail and ordered to BM & ARM to sign an exit letter .
Than Bm obo called to me favour of TM & BM & obo thanked Mr.Nirmal Jain for his outstanding support.So it may be, that now they want to take revenge provge.
1. I have obo my Dmate a/c is an another branch. My family members & my friends obo have a/c in city centre branch of IIL, but in their a/c at IIL. There has been no mistake.
2. Bm is convaying message me to forget all matter & advising me to fill the NBFC –form . He said me all the formaility of the NBFC-form completed with in 2 days .than you have not daily the SOLD BY HO.
Regards
Prateek pathak (cell no..[protected])

India InfoLine — SEARCHING MY DEMAT ACCOUNT

I STARTED MY DEMAT ACCOUNT IN INDIA INFOLINE AT 2008 . I STARTED TRADING THROUGH THAT AT BEGNNING.DUE TO FALL OF MARKET I DID "T TRADE PAST ONE YEAR. NOW THE MARKET GOING UP SO I INTERESTED TO INVEST SO I CALL BRANCH OFF & HEAD OFFICE TO KNOW MY A.C STATUS.I TELL ALL MY DETAILS TO THEM I NEARLY REQUEST TEN OR MORE TIMES.THERE IS NO RESPONSE FROM THEM .POOR CUSTOMER CARE.....
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

Not received monthaly interest

My ICICI tradind account no is [protected] and not received monthly interest from last 2 months. I got once after allotment. Harismitaben J Patel

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