Reliance Money — Help Investors from Reliance Money - Bad Trade Practice | |
I am giving below certain Details pertaining to Reliance Money, To the best of my knowledge what Reliance Money is doing is illegal. All small & medium Investors are suffering after opening a account with them, As a social cause I request you to take up the matter with concerned authorities to help the Investors: 1) Initially Reliance Money lured people with the brokerage card of Rs. 500/- valid for one year. through One can Trade up to 1cr ( 10 lacs in Equity + 90 lacs in Derivative)2) They changed within a year to Rs. 500 for two months3) Now again changed to Rs. 1000 for two months Which means whooping 12 times increase in 1.5 yrs Further they have started deducting this money from the Customers account without taking any consent from them. They just send one mail in specially created EMail account ( Which one normally does not Open ) about change in charges & keep deducting money. Now they say that Rs.500/- offer was just an introductory offer. you would agree any such prior consent would not be valid in any court of law, which gives authority to any company to charge indiscriminately like this with one sided authority. at the most the consent is to continue with the same plan what customer have agreed to at beginning of the association. Requesting you for the help. Was this information helpful? | |
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This is illegal on the part of reliancemoney. After wooing customers with introductory offer, without giving any indication about future increase now they are increasing the charges without any justification is a treachery. They have never sought out our consent to continue with the new charges. Goverment /SEBI should take immediate action against them. And they should return all the charges collected illegally to the customers immediately.
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+91 44 3025 4749
+91 44 3025 4750
+91 44 3025 4758
No 6 Reliance House, Opposite Sastri Bhavan, Haddows Road, Nungambakkam, Chennai, Tamil Nadu, India - 600034
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