[Resolved]  IndiaBulls — fraud and cheating by indiabulls

Indiabulls used my internet trading ID and password to cheat me of shares worth 50 Lakhs. They kept providing me with fraudulent contract notes for three years. More than 500 contract notes never reached me due to cheating. My complaints to SEBI and NSE are not yeilding much results. I complained to Commissioner of Police to have Economic Offences wing investigate my case. But I am getting no replies from them either.
IndiaBulls is a dangerous company. It is a big cheat. Please stay away from IndiaBulls. This needs to be publicised to protect the innocent citizens of this country from being cheated of their hard earned money.
If complaints board can help me or advice me, it'll be nice.
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Jul 5, 2018
Complaint marked as Resolved 
Verified Support
May 22, 2018
IndiaBulls Customer Care's response
Dear Rahul,

We haven't heard from you in a while. Request you to share your contact details or loan number so that we can connect with you at the earliest.
Complaint comments 

Comments

Indiabulls is the fraud and cheater company. Never take any type of loan from indiabulls. My Interest ROI interest increase from 10.50% to 13.50. I talked to customer care, loan manager and also visit branch many times but they said only one answer "RATE OF INTEREST WILL NOT DECREASE, YOU CAN CHANGE YOUR LOAN TO OTHER BANK, IF YOU WANT". and their forclosure charges is 5%. What the hell.

Worst company ever... Don't Take Loan From Indiabulls and Save your Money.
My home loan of 25L was for 20 years at 9%. Now they have fraudly increased ROI to 10.31% and home loan is now updated to 40years with hardly any principal payment for first 20 years. I am going to file a police complaint against them for this fraud and then get my loan tranferred to other bank. I have asked my entire friend circle as well as relatives to never deal with Indiabulls
IndiaBulls Customer Care's response, Jan 17, 2019
Verified Support
Dear Customer(Ss008),

Apologies for the inconvenience caused to you. Kindly share your contact details or loan account number so that we can proceed further with your concern.
savakabib's reply, Jan 17, 2019
same happened with me also, from 8.75 to 10.45%, i requested to change my loan to other banks but they are asking for 2% + tax for foreclosure charge,
But as per RBI guideline and policy no one can take foreclosure charge against home loan.

If you are going to change your bank make sure that they wont take any foreclosure charge. its against govt policy
IndiaBulls Customer Care's response, Jan 19, 2019
Verified Support
Dear Customer(savakabib),

Apologies for the inconvenience caused to you. Kindly share your contact details or loan account number so that we can proceed further with your concern.
IndiaBulls Customer Care's response, Jan 25, 2019
Verified Support
Dear Customer(Ss008),

We hope that your concern is resolved. Feel free to get in touch with us in case further assistance is required.
Dear Customer(savakabib),

We hope that your concern is resolved. Feel free to get in touch with us in case further assistance is required.
Any one who transfer his loan on lowest rate of interest please contact.contact no Ravinder shukla [protected], [protected] only delhi NCR customers
Fraud company indiabulls
IndiaBulls Customer Care's response, Apr 13, 2019
Verified Support
Dear Pradeep,

Apologies for the inconvenience. We have re-escalated your concern to our team and will get in touch with you at the earliest.
You guys not solve this issue. i will escalate this on social media and consumer court. aap logo ki gunda gardi chal rahi hai. chor company indiabulls. reduce my RIO otherwise ill take legal action
Indiabulls money finance http://www.indiabullsmoneyfinance.in a fraud company. They approved a loan of 1.5L. after that they take 5500 for registration fee and 4500 for advance emi. After that they also talk me to give 14400 for gst. I gave that. After that they talk to me to give another 21400 for holding charge and 17200 for verification charge. I talk to cancel the loan and returned the amt which I gave. But they refuse that. Please talk what to do now. I attached the id card of executive of that company.

IndiaBulls Customer Care's response, Aug 30, 2019
Verified Support
Dear Pujashree Barman,

We would request you to please provide us your contact number so that we can assist you in a better way.
Issues-

1) RM chasing the customer and stressing to reveal password to do trade on customers behalf
2) Providing false information on the brokerage on the entire transaction and confusing the customer with false stock price.

Brief-

I had been harassed by the RM(Anupama patle) frequently to do the trade or reveal my password of my demat account([protected]) with IndiaBulls trading account(PU6072) so that she can do trade on my behalf.

I was chased almost every week from the past 1 year to reveal my password or do a trade myself. Finally I was convinced to trade over the phone, I was trapped by RM who provided a false stock price as Rs 2100 instead of actual stock price Rs 21000 for stock “EicherMotors” and was told that the brokerage amount to be Rs 2000 for the entire transaction to be done over the phone. I was forced to buy 100 Quantity over the phone received from Indiabulls, after buying the stock realised that the stock price is Rs 21000 and traded in margin an amount of 21 lakhs.I felt cheated, and had encountered a huge loss due to my RM(Anupama) and Rs 34, 000 was collected as brokerage by Indiabulls.

I am completely unaware of the concept of Margin and how did they give me a margin of Rs 21 lakh when I am having a portfolio of 7 lakhs.
Dhani freedom card bhi fraud banane ka ek tarika hai maine ek transection kiya 149 ka and pahle maine 800pay kiya tha phir wo bole ki aap 129 paid kar do maine unse kaha ki iske baad mera card block kar do ladki ne ok sir main gurrenty leti hoon band ho jaayega ab phir mere ko bolte hai aap aur 169 paid karo ye to fraud hi hua na
My mobil [protected]
IndiaBulls Customer Care's response, Oct 19, 2021
Verified Support
Dear Amit,

We would like to inform you that we have shared the resolution to your Email ID. Do let us know for any assistance required in future

Pooja, Team Dhani"

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