[Resolved] SBIcap Securities — closure of my demat account with sbicap securities

femona

from Ferokh, Kerala

Address:

Malappuram, Kerala

I HAD APPLIED FOR A DEMAT ACCOUNT AND TRADING ACCOUNT WITH SBICAP SECURITIES ON 03JUN2010 THRU THEIR AGENT AT CALICUT SBI MR JINEESH.
APPLICATION NO EST 11751 DTD 03JUN2010
I HAVE GOT A DEMAT ACCOUNT OPENED BUT NO TRADING ACCOUNT.
THIS AGENT RESIGNED AND WENT AWAY.
AGAIN I HAD APPLIED FOR TRADING ACCOUNT THRU ANOTHER AGENT ASKERALI OF SBI CAP ON 22DEC2010
APPLICATIONN FORM NO EST 13509 DTD 22DEC2010
NOW SO FAR THERE IS NO REPLY AND NO ACTION.
SBICAP STARTED DEDUCTING MAINTENENANCE CHARGES FOR DEMAT ACCOUNT AND ALREADY DEDUCTED IN 2010 AND 2011.
NOW SINCE I DO NOT HAVE A TRADING ACCOUNT AND HENCE I CANNOT USE SBI DEMAT ACCOUNT I WANT THEM TO CLOSE MY
DEMAT ACCOUNT AND I SEND A LETTER REQUESTING SAME ON 18NOV2011.
STILL NOTHING HAS HAPPENED PLEASE HELP

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Aug 13, 2020

Complaint marked as Resolved

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Comments

PAWAN kumar makkar

from Delhi, Delhi

SBICap securities — FRAUDULENT TRANSACTIONS

I AM TRADING IN SHARES THROUGHSBICAPSECURTIES. ON 25MAY,THROUGH OVERSIGHT I SOLD 100 SHARES OF SANGHVI FORGINGOF WHICH I COULD NOT ARRANGE DELIVERYAND SBICAP SEC WAS TO BUY THESE 100SHARES FROM THE MARKET TO MAKE UP SHORTFALL AT CURRENT RATES ON[protected].ON[protected] MAX. RATE OF THIS SHARE WAS 127/ BUT SBI CAP DEBITED MY A/C WITH SHARE PRICE OF RS. 141. THISIS CLEAR CUT FRAUD BY SBICAP IAM WRITTING TO SBI ALSO TO HIGHLIGHT FRAUDULANT INTENTIONS OF SBICAP.

PAWAN kumar makkar

from Delhi, Delhi

THIS IS TRUE SBICAP IS CHEAT. SEBI SHOULD ENQUIRE

sanathkadri

from Bengaluru, Karnataka

Dear Pawan,

This is not a fraud. The shares have been bought bak thru auction and auction price is always higher compared to market price. You cant blame sbi for this.