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[Resolved]  Reliance Money — Demat Account opening pending for more than 60 days

I had applied for the above account on 24th Nov 2007. However, due to some transaction error my cheque bounced around the end of the month. The intimation about the same was never came to me from Reliance Money. However I came to know from my bank about the same on 10th Dec07, a draft was handed over on 11th Dec07 to Reliance team (Vashi Branch)

Post that when ever we called up the Sales team (SE- Rahul, Cluster Manager-Sagar Rane) we were told that the draft along with the form has been sent for processing, however whenever we called up the call center the status given was "They have not received the form till date"
Gradually the sales team who had sourced my form have started neglecting our calls...

This has lead to opportunity losses as I hold some physical shares bought by my late father about 10yrs back. until 15days back these share were trading at almost 80% of the share prices that they are on today.

Please advice what is to be done since no one is responding to this issue & the same is resulting to financial loses.

Thanks.
Regards,
Rakhi
Complaint marked as Resolved Aug 13, 2020
Complaint comments  8 CommentsShareTweet

Comments

Respected sir,
i wish tto inform you that i have applied a new account
vide APP NO;[protected] through REAL VALUE CODE;[protected].MANDI GOBINDGARHGARH DATED ON 4/12/07.but i have not receive any information or any documents releted with my account.i have contect to customer cell many times some time they say that we have receive your account forums on 11/12/07 or some time any other date but not any satisfactary answer given.so plz look up into my case and provide me my reliance welcome kit as early as possible.
thanks
vineet mittal
I Have purchased shares of Rajrayon and Orient Ceramics thru Reliance money about a month back and now when i want to sell it thru net,i can see the quotes of the market but cant place and order for these scrips(For both buy & sell). -These scrips seem to be banned by Reliance money though not by either of NSE/BSE.Wrote an email to them but received no reply till date.No one receives the call if the customer care number is called(have been trying continuously since last 1 week or so).So i am stuck with the money i invested in these two scrips :-(
I want My Documents with Rs. 500/-.
I had provide all documents with CHQ of Rs. 500/- before 20days, for applying Reliance's IPO till date i have not received any confirmation or welcome kit but Rs. 500/- DR from account . Please tell me email address of SEBI or NSDL / CDSL.
reliance money providing worlds third class service ......
No words... I m feeling like came from Alibaug....

Reliance Money — demat account still pending

i had applied for a reliance money demat account last year in november but have still not recieved the packet. i had made a payment of Rs.750.00 by cheque which was cleared from my account immediately. now for the past six months i have been calling the agent and the company but nobody seems to be bothered. they just cook up stories all the time keep on postponing the thing. finally i asked for a refund but again its been a month and there is no response from reliance money. don't know wat to do. it feels terrible when you're in such a helpless situation. these people ignore their customers so comfortably.
i cant recive any mail so how to recive my account number & details please tel me
My Mobile number is [protected]
i want to know about rpower
ON THE ONSET A WARNING TO ALL RELIANCEMONEY CLIENTS

IF YOU HAVE SIGNED A TRIPARTITE AGREEMENT AND MANDATE THE RELIACEMONEY PEOPLE CAN ACCESS YOUR ACCOUNT WITHOUT YOUR CONSENT OR KNOWLEDGE

I AM A VICTIM OF A FRAUD WHEN MY SHARES WERE SOLD WITHOUT MY CONSENT OR KNOWLEDGE FROM MY DEMAT ACCOUNT ON 16 FEB 2009

THE PAYOUT CAME ON 17 FEB 2009

THE MONEY WAS TRANSFERRED TO ANOTHER INDIAINFOLINE FAKE ACCOUNT BY DOING F&O CROSS TRADE WITH THAT ACCOUNT

WE LEARNT OF THIS ON 19 FEB 2009 WHEN I GOT A PHONE FROM RELIANCEMONEY MUMBAI TELLING ME TO MAKE UP THE LOSSES. MIND WELL THE CALL WAS TO TELL ME TO MAKE UP THE LOSSES. THIS HAS HAPPENED WHEN MY ACCOUNT HAS BEEN DORMANT FOR ABOUT 6/8 MONTHS

THERE ARE FOUR MORE SIMILAR CASES BESIDES ME AND WE ARE IN A GROUP

WE HAVE BEEN RUNNING ABOUT IN CIRCLES AND RELIANCEMONEY IS NOT TAKING ANY RESPONSIBILITY
THAY ARE PASSING IT ON TO THE SUBBROKER

PLEASE BEWARE THAT THERE IS A MASTER TOKEN WITH SUBBROKER WHICH WILL OVERRIDE THE SECURITY TOKEN OF THE CLIENT.
ANY INDISCRIMINATE USE OF THIS WILL CREATE HAVOC TO YOUR ACCOUNT

ONE POSSIBLE SOLUTION IS TO CANCEL THE MANDATE AND TRIPARTITE AGREEMENT AND GO FOR A BIPARTITE AGREEMENT

THUS THE SUB BROKER WILL BE REMOVED FROM THE CHAIN AND YOU WILL DEAL DIRECTLY WITH RELIANCEMONEY. THIS WILL ALSO REDUCE THE BROKERAGE LOAD SLIGHTLY. ONLY THING IS THAT YOU WILL BE ABLE TO OPERATE DIRECTLY ON THE INTERNET OR THROU THEIR
KIOSK. BUT AT LEAST THERE WILL BE SOME SECURITY. THERE IS STILL NO GURANTEE THAT RELIANCEMONEY WILL NOT MEDDLE WITH YOUR ACCOUNT EVEN THEN

PLEASE SPREAD THE WORD

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