[Resolved]  Religare Securities Ltd — Unauthorized trading on my a/c

Address:Central Delhi, Delhi

I am yet another victim of Religare securities. I regret the day I opened a demat a/c with religare.
I should have checked about this company in internet.

The hard fact for me is that I have lost my 75k/- rupees and religare made my a/c debit by another 1.35 lakhs. My RM did transaction for 18 Lakhs in nifty call/put without informing me.

This company is ran by people whose only purpose is to confuse individual investors and make their own money as commissions.

Thanks,
Subodh
Was this information helpful?
No (0)
Yes (0)
Feb 2, 2017
Complaint marked as Resolved 
Verified Support
Nov 18, 2010
Religare Enterprises Customer Care's response
Dear Subodh,

We hope our representative is in touch with you over the matter and is able to address your concern. For further assistance, please get in touch with us at [protected]@religareonline.com

Regards,
Team Religare
Complaint comments 

Comments

all companies are same, did u get anthhing different from anome?
I was informed yesterday that 4 shares of L&T were sold from account of my son Lalit Jotwani A/c LJ331 towards settlement of dues of Rs6041 even though I had paid Rs6400 drawn on ING Bank dated 27/11/12 collected on 29/11/12 .I was informed that this bank is not registered with you as I was informed about the dues 0n 26/11/12.I requested to get the cheque cleared informing that I will be advised in case there is any problem on 29/11/12, no information was given to me either on or SMS. However I was informedon 30/11/12 at 12.30 pm byone Mr Suresh that 4 Shares of [protected]@T were sold on 29//11/12 arbitarly without any information to me. This is not acceptable & not expected from Broker who is to look after the interest of his Client being Trustee of Shares kept in Depository A/C.The value of Shares is much more the Dues outstanding in my A/C . The to sell has to be excersed only in extreme circumtances not in routine, in the present case you were already holding valid Cheque of Client which could have been replaced by another cheque . YOu are requested are requested to credit theabove Shares immedately failing which I will have to lodge complaint with appropriate Authorities. Thanking You
I had an Demat and Trading a/c with your company through your Chennai branch located ( No.169, 03rd floor, T.T.K. Road, Alwerpet, )Branch.When i shifted from Chennai to Kolkata in 2010, I feel a lot of inconvenience. Hence i decided to closed my Trading and Demat a/c.I send closer form along with unused leaf of delivery instruction book, I mentioned in closer form to transfer my stock to my another Demat a/c.When i had not recd. any response from your end, I contact with alwerpet branch.Mr.Mani talk with me as my R M .He told me to submit a xerox copy of client master of my mentioned a/c. Which i send on 06/06/2011.After one and half month when i not recd. any response your end, I unable to contact with branch in charge because all the mentioned contact no. do not connect. when i contact to your customer care no solution i got from him.After getting tired i left hope of solution of the same because no proper person i found to talk for solution. One day i got a mail from religare that if you want reactive your a/c, please apply.I applied for re activation.After i got call from your Gurgaon office that I am directly in contact with main office and i will not face any problem in future, Just fill the form on hard copy and sent to them, But sorry to inform you that that form yet be recd. by me.
I get a intimation your depository that my DO a/c is not closed and amc charges are charged on the same.My cash balance with you had adjusted .Now my stock of 4 shares of mangalam cement which lying in dp a/c will also you adjust in future as amc.I feel cheated by Religare. Just I am waiting your reply .

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Religare Enterprises
    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
    76%
    Complaints
    488
    Pending
    0
    Resolved
    372
    Religare Enterprises Phone
    +91 12 0339 1000
    Religare Enterprises Address
    2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi, Delhi, India - 110019
    View all Religare Enterprises contact information