[Resolved]  Reliance Money — DEMAT ACCOUNT FRAUD

In last week of Nov. 2007, i applied for New Demat A/c through one of your agent (Mr. Akash Kansal, Mobile [protected]) from Nehru Place(Now shifted to Malviya Nagar), New Delhi branch. Now 2 months(Nov., 2007 Last week) have passed but still the a/c is not yet opened and there is no word from Reliance Money. Persons available on your customer care no. does not respond. Customer care no. remains on Hold for 10-15 min. but nobody picks it up. Even your online application tracking system is showing "no data available"
I am fedup with your services and now i don't want to make any relation with Reliance Money. So i request you to cancel my Application and refund me back the A/c opening fee of Rs 500/- , that was debited from my saving a/c within 2 days from the date of submittion of application, at the earliest.
Details of my application are as:
Application no. : 847003
Cheque Details:
cheque no. 320187 Amount : 500/-
Debited on: 1st Dec., 2007
Branch where application submitted, Nehru Place, New Delhi
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Aug 13, 2020
Complaint marked as Resolved 
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It is better to complaint against Reliance Money about its limit card problem to SEBI, Company Law Board, Bombay Stock Exchange, and National Stock Exchange and request them to cancel its licence of depository participant with them and teach Reliance Money a befitting lesson.
The best way is to pulicise these incidents in all the internet forums.

I have also started distributing leaflets against them--and I have plans to spend 10, 000 on the leaflets all over hyderabad and bangalore.
Hi all,

I am also cheated by reliance money, one of their agent took Rs.[protected] acct opening charge and 500-advance brokerage under scheme) in 2007, after that I got my acct. opened. No one has given me any demo for trading or acct operating, I tried calling many times to their customer care no.[protected] but no body has picked up the phone ever. At the time of opening the account agent told that if I don't want to continue then I do not have to pay any amount further. Now after 2 yrs. I got a call from reliance money and they are saying there is a " Rs. -549" balance in my account and for closing also I have to give the check of Rs. 549.
I don't know what to do, they are simply cheaters, they never gives any kind of response to my queries, I have never done any transaction in reliance money account. Even though I have to pay more.

Regards,
Sushma

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