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[Resolved]  Religare Securities Ltd — Closing of account because of loss


I had opened this account in Religare( for earning money) through a broker named Raj in Feb 08. At the end of one year after investing my hard earned 1, 10, 000 Rs, I am left with only 3000/- in my account. most of the time only my broker Mr. Raj used to trade intra day. My cash holdings also he used to tell me to sell, saying that the market will go down tomorrow. we will bye it again when it will go further down. and this way he duped me totally. So i am not at all happy with Religare and its employees.

From last three months I have been requesting him that I want to close my account, even then he is not coming to help me.

So you please advise me how to go about it and please take action against Mr. Raj, who cheated me by buying stocks at a higher price and selling at a lower price.

I hope you will definitely help me out.

Thanking you,

Sunil Kudalkar
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Aug 13, 2020
Complaint marked as Resolved 
Complaint comments  3 CommentsShareTweet


The religares securities office at Delhi and its franchisee code 1666 are harassing me by way o[censored]nauthorised sale of bharti airtel future 500 shares in client code sj 275 and dis book is not being supplied. relationship team is helping to sort out this issue and franchisee is continously harassing and forced for closure of a/c which is also pending with them. The shares holding in dmat a/c can not be got transferred as revised dis book is not being spplied, balance due is not being paid and franchisee is presurising to withdraw the compliant. Please intervene in to this matter. A compliant no.2199955 dt.11.11.09 is also registered with religare.

bharti airtel future 500 shares — unauthorised sale of shares

religare franchisee code 1666 has sold above shares without my consent and asked not to give a draft. No intimation well in time was and asked to bring a draft but on reaching the bank infomred on phone not to bring the draft. My request to close the account client id sj 275 and to remit the balance due is pending since 30.10.09 and franchisee code 1666 has harassed byrefusing the transcations in to the account even on written instructions. transcation slip for doing transaction not supplied. part of agreement to do not provided and coplelled to get the account transferred and close the same. thus financial loss has been cuased to me
i'm very small investor in your howrah branch office. i'm unable to operate my account beacause of transportation problem. I requested Mr. Habib Ali khan to close my account through messenger but he is not responding .
Please help me out and close all of my accounts [demat, trading and commodity] as soon as possible.
Thank you

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    Religare Enterprises
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    Religare Enterprises Phone
    +91 12 0339 1000
    Religare Enterprises Address
    2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi, Delhi, India - 110019
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