[Resolved]  Reliance Money - Demat A/C — DEMAT A/C

Dear Sir,

Please Check & confirm if you have signed an agreement promising it to engage their Demat services & to pay their DEMAT Services Charges or have you paid the same.

If affirmative then, you can give them a notice of deficiency of services & hold them accountable before their management or The Consumer Redressal Forum.
Was this information helpful?
No (0)
Yes (0)
Aug 13, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

i would like to know my demat account is activated or not. plz. tell me.

my application no.[protected]

Reliance Money Ltd — cheating by co in opening demat a/c

dear sir,
i presume this is not ambani group of co.seems to be duplicate.co took advance cheque for 1350/- on 10/09/08 and alos encashed it on next date for opening demat a/c with 3 crores linit for validity 6 months under corporate sector.
co activated a/c on 11/10/2008 i.e. after 1 month and utilised the funds for his own interest.generally other reputed co encashed cheque after completing all formalities and encashed when the a/c is ready to be activate.THUS IN THIS WAY CHEATING SO MANY CLINTS.
secondly co failed to fullfilled his commiittement and provide me 5 lacs limit for 1 month
SECOND CHEATING WITH ME
thirdly more than 100 e mails has been sent by me which was not responded by co nor modified my limit
as per terms/conditions.
ci is remain active till he received the cheque from u.
after collecting and encashing the cheque even executive dis appeared and nobody knows there whereabout nor the local office of RELIANCE MONEY informed thr factual positions
THUS MORE THAN 6 MONTHS HAS ELAPSED CO HAS NOT MODIFIED MY LIMIT WHICH IS HARDLY A 2 MINUTES TASK SO I HAVE NOT TRADED ANY SINGLE DAY FROM THEIR OFFICE
ANYONE PLZ PASS ON THIS VOICE TO SUPREME AUTHORITY OF RELINACE MONEY PLZ
RE: Indiainfoline

This is to inform that I had opened a demat and trading account with Indiainfoline through one of their executives Mr Sabarish - [protected] at Chennai, T Nagar, over a month ago. The intial cheque of Rs. 2555/- also got cleared over 15 days ago and I have not received any information. This executive is not available on phone and most of the Indiainfoline numbers are wrong which has led to hardship for me in that I could not trade in advance and have lost opportunity to make money during this leap in the market, which is an irrepairable loss.

I am furious and angry and do not have words to describe this loss.

Regards,

Rakesh N
Dear All,


I've been charged following undue charges under various sub-heads like Mandate Charges, Tele Charges & Account Maintenance Charges


1) Please find attached the Ledger Report for the Q4 2009, the total Mandate Charge comes to around Rs.150/ and Tele-Charges to Rs.270/. The Tele-Charges for a single day have been charged upto Rs.60/.


The mandate charges are totally unheard of in the relam of stock broking, had such been the case it should have been specifically state at the time of opening of account under Most Important Terms & Conditions.


I'm a seasoned equity investor and under none of the circumstances prefers placing order via tele-trade, as can be very well verified from my transactions. The only reason for placing order via phone has been your web-service not executing orders and it is absolutely out-of-question to be charged tele-charges when your web-based services were not functional.


The charges also includes charges under the head ' Payment for CDSL DP BILL No - 0040/1873260 of Client - [protected] for the period 01-DEC-2008 to 31-DEC-2008' the same should be part of contract note and I've not seen any such charge being levelled by any other broking house.To top it some of the narration doensnt even mention the Bill No.

3) Rs.171/ of charges under 'Mandate Charge', Tele-Trade & Payment for 'CDSL DP BILL No - 0040/547130 of Client - [protected] for the period 01-JUL-2008 to 31-JUL-2008' during the July to Sept/2008 Period.

2) The cash ledger for Q3 FY 2009 ie. October/2009 to December/2009 is not provided.

3)My account was opened during June/2008 and an A/C Maintenance Charge of Rs.100 is deducted in the Bill for the period 01/09/2008 To 30/09/2008 with Bill No as 0040/1492543, and there is a mail from Customer Care dated 2nd of December with BO Id as [protected] under subject 'Sub: DP : [protected] - Outstanding Demat Account Annual Maintenance Charges' for outstanding Account Maintenance Charges. If A/C Maintenance Charges are deducted in September, how can under any circumstance the same again be due in December of the same financial year. Please explain.(I'm aware that Reliance Money has revised its A/C Maintenance Charges to Rs.200/Yr)


My details are as under

Name : Rajiv Manocha
Client Code : R00086132
Client Id. : RAMA05EB
Branch : 00018
Sub Broker :[protected]

It is requested to either clarify all the above concerns or I would rather love to close my account and continue trading with MOSL/ICICI Direct with a transparent and honest brokerage and other charges being specifically stated in the contract note (barring AMC of-course) as against your fraudulent system.

It really is height o[censored]nethical behaviour and fraud that reliance money is perpetrating with email being conveniently sent to the account holder in an email account that has more advertisement banners on the page than anything else. Reliance Money is the flagbearer of dishonesty and charade and I belive you've set a low that is matchless and something which will always ensure other broking houses have a dirty example to quote for their wrongs to look pale in comparison thereof.

Thank You

Regards,

Rajiv Manocha
I applied for a DEMAT account with reliance money at jamshedpur centre STATE: Jharkhand and so far i have not received DEMAT kit. So, i tried to contact you for my complain. please give me feedback on my Email pls specifiy that when i get the same, my registration form no is ### 79944


regards
rishi jhalani
[protected]
[protected]@yahoo.co.in
I have Demat cum Trading account with Reliance Money.

My Client code is S00061460. I have found that Reliance Money is worst trading

portal. Yestday morning I transferred 20000 rupees from my bank account and money

has lost in between, no idea where. Now it is height of support, when I contacted

to customer service 39886000, it says YOUR CALL CANNOT BE COMPLETED AT THIS TIME,

PLEASE TRY LATER. I tried to contacted branch numbers also (almost 100 times),

either it is always busy or no one picks up. Thanks for grabbing my hard earned

Rs. 20000/-. If possible please return my money.

Since yesterday morning, I am trying on their branch numbers, either no one picks up or ALWAYS BUSY.

Please help.
I have Demat cum Trading account with Reliance Money.

My Client code is S00061460. I have found that Reliance Money is worst trading

portal. Yestday morning I transferred 20000 rupees from my bank account and money

has lost in between, no idea where. Now it is height of support, when I contacted

to customer service 39886000, it says YOUR CALL CANNOT BE COMPLETED AT THIS TIME,

PLEASE TRY LATER. I tried to contacted branch numbers also (almost 100 times),

either it is always busy or no one picks up. Thanks for grabbing my hard earned

Rs. 20000/-. If possible please return my money.

Since yesterday morning, I am trying on their branch numbers, either no one picks up or ALWAYS

BUSY.

Please help.
Absolutely correct..
Moreover these days they have started charging Rs. 15 on each transaction for limit card users which are not justified..
I had purchased a limit card Rs. 2500 annual which expires on 29 dec 2009..
If I had been informed earlier of this inviable charges Rs. 15 before purchasing date (29th dec 2008) I would have simply closed my account..!

This charges should only be allowed to b charged on fresh limit cards purchases..!

Now comes the customer service..

The people at reliance money branch mostly don't pick up the calls and are not at all trained for the purpose. (forget emails.. they never reply.)
So to register and complain we cant even contact a proper place.!
Please dont go for Reliance demat a/c ...I dont know who [censored] designed this software...the worst of its kind...the stop loss triggers dont work, brokerage is not shown clearly ..., and more over if you are in hurry it hangs like anything and takes a long time in responding the values of stock...here is a kind advice for you please avoid reliance demat. ADAG is a completely in money matters. I have been using this a/c for more then a year, Portfolio sometimes doesnt display the true purchased price, hangs like anything...stoploss doesnt trigger, and now days Im waiting for the money for the money I hv transferred from demat to bank a/c, it been more then a week...but no response from their CC .
My Dmat ID is MAKA01C9. My Security Password Instruments is damage right now.
So plz send the same as soon as possible.
how do i do intraday on Reliance money. can any1 explain to me the procedure
Hi All

Please dont go for relianceMoney ever., as some of you told it is a house of thefts.
And service is -100%.

Very very very irritative service. They ask to call branch numbers and they will never lift the phone.

Ridiculous service...

I am sure..if they continue in the same way for some more years...I am sure no one will take this account in future.

Very very very very bad service...
I am newly opened my account.Ireceived cheque book, Debit card only.So Please send Dmate & trading user name & security Number


My account no :[protected]

D Mate a/c : 47125635

Reliance Money — Complain for unauthorised charges in Demat a/c.

Sir,
In previous month i have complained for the wrong charges deducated from my demat a/c.My i.d no. is AVSH000C and my complain no. is 2689002.But no action has been taken against my complain.I have lost about 20000 (Twenty Thousand) just because of mistake of your company.
So,kindly take quick and stearn action against my application.
I justOpen new Trading & demat A/c online, I Unable to open my Email ( It open but, not Proceed to). I continously facing Problem with reliance money It Not having any Customer Support Nor any Franchies respond & not in any condition to respond I already email to customer.supprt @reliancemoney.co.in & Call to Customer care No. But no Reply. although complain 12 to 15 time having also many Proofs...


My details as follow
Login ID: AJVE004F
email : [protected]@reliancemoney.co.in.

Regards
Ajay Verma
[protected]
I justOpen new Trading & demat A/c online, I Unable to open my Email ( It open but, not Proceed to). I continously facing Problem with reliance money It Not having any Customer Support Nor any Franchies respond & not in any condition to respond I already email to customer.supprt @reliancemoney.co.in & Call to Customer care No. But no Reply. although complain 12 to 15 time having also many Proofs...


My details as follow
Login ID: AJVE004F
email : [protected]@reliancemoney.co.in.

Regards
Ajay Verma
[protected]
plz send me complete brokerage chgs, instruction chgs and tax(plz name all along with %) that i would have to pay also annual maintainance chgs for % brokerage plan i[censored] can sends me complete brokerage structure to my email id
plz send me instruction chgs brokerage chgs and tax (plz name all along with %) and annual maintainance chgs in%brokerage plan .plz email me complete brokerage structure for % brokerage
Relince money is big scam.
I baught 20 DLF shares on 29dec-2009 but i have not got these shares in my demate a/c till now.
Details are these...
client code-S00106519
dmate a/c-[protected]
exchange trade id-17853
ExchangeOrderNo-[protected]

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Reliance Money
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    37%
    Complaints
    378
    Pending
    0
    Resolved
    138
    Reliance Money Phone
    +91 44 3025 4749
    +91 44 3025 4750
    +91 44 3025 4758
    Reliance Money Address
    No 6 Reliance House, Opposite Sastri Bhavan, Haddows Road, Nungambakkam, Chennai, Tamil Nadu, India - 600034
    View all Reliance Money contact information