Karvy Complaints & Reviews

I have still not got my 16 digit BOID Number and ledger account statement of 20795200 as needed by NSE despite so much of follow ups...

KINDLY PROVIDE DEMAT TRANSACTION STATEMENT, LEDGER Account statement & PROPER DATE OF NON- RECEIPT OF SECURITIES PURCHASED that Scripts lying in Beneficiary account of Karvy Stock Broking..

Hi My Karvy Client Id is KM1000404,

I am unable to transfer the Mutual funds to any other provider nor redeem as they are purchased through demat . I went to Kfintech and CAMS office for HDFC and Mirae Asset mutual funds but they also couldnt help anything as they are in offline mode.

I went to Karvy Office and they have stopped conerting funds from Offline mode to online mode. Please help us here

I had couriered the account closure request form with registered post signed for account closure and transfer of shares at Karvy Hyderabad office to my HDFC demat account .They have received the hard copies and I have repeatedly emailed for transfer of my shares .
But everytime they sent a reply from service help desk that your query is being looked into and update.
The hard copy is being sent by registered post and received at Karvy Hyderabad office on 22.01.2021. But till now they neither responded nor did nanything to trasfer my shares. It is really pathetic that their phone no is never picked up. But I realized now how Karvypeople are hopeless.
I want to escalate this matter to higher officials, but they dont provide any number or contact details .
Below the details updated in the closure form same as in CML
Folio No. / DPID & Client ID No KARVY.
IN[protected]

I'm having online trading account with Karvy with id:164876. I have been making repeatedly request to payout the balance of approx 50000/- to my bank account. Now Karvy has stopped responding to my emails.
Neeraj Agrawsl

I tried to reach karvy through all possible way. Here is my request.

Client id: 4292828

I checked my cdsl account and found that these securities are not available there in my cdsl demat account. But they are present in the portfolio of Karvy trading account. Complaint has already been sent to Karvy through email. Only acknowledged and no action taken

Canfin Homes Limited
ISIN : INE477A01020
Quantity: 400 shares (of Rs.2/- face value)

Kindly get the transfer these securities from pool account to my demat account at CDSL at the earliest.

Karvy is not giving the amount I had in payout. I have been complaining since 2018 on all social media channels, all mails and calls. Now they have stopped even responding

Karvy was not paid my payout after repeated requests. Now scores/sebi is claiming that they are not responsible because the transaction made within 90 days of karvy ban only eligible for investor pretection fund. Now what to do. How to get back my hard earnerd money of 1, 65, 234/-
M. Rajeswari
Karvy trading a/c no. 2516405

Dear Sir/Madam,
It's frustrating that nobody is taking any action on this matter. Either CDSL or my current DP is not responding regarding account closure and Transfer of shares even after I sent all the required documents and it's been already 1 month and already a complaint has been filed on Scores to take necessary action.
This email is in reference to my demat account number [protected] held with Karvy Stock Broking Limited (DPID[protected] a depository participant (DP) of Central Depository Services (India) Limited (CDSL). Since my current DP, Karvy Stock Broking Limited has been banned, I kindly request your team to help me transfer my securities to Zerodha Broking Limited under demat account number [protected], (DPID[protected].
I did everything but nothing is working. Please do take direct action to resolve this issue. Time is of hihg important coz my shares are on the way to reach its peak and time for me to sell. Kindly help.

Thanks
Best Regards
Deepak Elangovan
[protected], [protected]

I Lalit Kumar Pande purchased four bonds amounting Rs 20000/- (Rs 5000/- bond each) which shall mature on 21st Feb 2021. I tried to contact the company on the phones mentioned in the bonds but all numbers mentioned on the bond including of IDFC are invalid. Kindly provide valid contact no and address, where bonds could be submitted for redemption with full procedure pl

Lalit Pande

Client ID - 2147073 | DP ID[protected]

Request return of Cash

Recently I closed my DP with Karvy and transferred my securities to another DP. However I had cash amount of 4197 in Karvy Trading Account which wasn't transferred back to my Bank Account. I have sent multiple emails to Karvy with no response. Their phone numbers are not reachable.

Hi,

I have been trying to transfer my demat account from Karvy to other DP for past 6 months but they are rejecting it due to signature mismatch.

After talking to Karvy customer care and Karvy's Chandigarh office, I got the signature attested from bank and notary and again send the Account Closure cum transfer form but they again rejected it due to signature mismatch.

I don't know why are they aren't transferring my account and what's their agenda behind this. I have even kept NSDL in CC while mailing to Karvy but I don't see any action from their side as well.

Whom can I escalate this issue to get my Account transferred?

Request your assistance in getting the securities transferred from my Karvy account to my ICICI Direct account.
We reached out to Karvy with the below details almost a month ago and there has been no response from their side. (all the below documents have been posted amd delivered to them )

1) Cover Letters
2) Application Form for transfer of securities and closure of Karvy account
3) Identity Proof (Aadhar)
4) CMR Copy - ICICI Direct - account to which the securities need to be transferred

A copy of the above documents have also been posted to NSDL at the following address - Trade World, A wing, 4th Floor, Kamala Mills Compound, Lower Parel, Mumbai - 400013

My payout of 42403 gets stuck on Karvy. I am following up with them for the last 15 months but they are not releasing it. Now they are not giving any response to my email and calls. Karvy email is [protected]@karvy.com
cus care number:-[protected]

Karvy head office address:-Karvy stock broking ltd. plot no-31, Karvy Millenium, nanakramguda, financial district, gachibowli, Hyderabad, Telangana-500032

My karvy client id is 14012808

I am unable to transfer my funds from my demat account as neither the website nor the app is working. I ahve been trying to reach out to them for over 3 weeks. All the customer care numbers given are either busy or keeps ringing but nobody answer. I have sent several emails but have got no reply. This is very frustrating as I need my money urgently.

Request your urgent help with account transfer. I closed my Karvy account on 4th of Dec 2020 and instructed to transfer my holdings to Motilal Oswal financial services Limited (CRM attached), however the share transfer has still not been completed. I came to know that the consignment has reached Karvy HQ on 16th Dec 2020, however still the process has not completed.
Request your urgent intervention to expedite the process

Details-
Karvy DP ID : IN300394
Karvy Client ID : 10093630
Client Name : Nirmala Palawat
Consignment delivered at Karvy Headquarter : 16-Dev-2020
Consignment No.: [protected]

I have a demat account with Karvy client I’d 10476514, and would like to transfer to ICICI.
However I am not getting any response from Karvy on how I need to do it.

Securities held in pool account of Karvy not transferred to My demate account with SHCIL

As requested by CDSL to transfer shares to another demat account from Karvy.My shares have not been transferred to Samco from Karvy.My account nu with Karvy is 4144215.Kindly transfer my shares from karvy to Samco.

Sir, how to get back my pool accout shares to my demat account. till the day you are saying you will do it by saying different reasons like corana trasport restrictions and case of shares pending with exchanges. we waited for you that you will start your business and do justice to all us. now you were declared as defaulter. in the process of nse, they are is no mention of stocks bought before 3 months of time specified by nse. we are very small investors believing your company name. trusting on you we invested and didnot check the loops.now arsing as a faults. so please we request you try to answer all our investors doubts whether we get the justice from you or not.

Sir/Mam,

We have initiated a closure cum transfer request on 22nd Dec 2020 from Karvy to Zerodha.

The speed-post of all the required documents (CMR, Portfolio, closure form, duly signed pan card, aadhaar card) was sent on 22nd Dec 2020 to your headquarters address 'Karvy Stock Broking Limited, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500034'.

The speed post (India post: EG[protected]IN) was delivered to your Banjara hills office on 24th Dec 2020.

We have mailed you on 5th Jan 2021 regarding the same but no reply has been received yet.

It takes 3-5 days to close and transfer the holdings but it's been more than 20 days now and we haven't received the holdings yet in our mentioned Zerodha account.

Kindly transfer it as soon as possible. If we don't receive the reply within 1 week then we will escalate the matter to SEBI.

Regards,
Client Name: RAJESH GOEL
Mobile number: [protected]
Pan Number: ACWPG9125A
Client Code: 309134
DPIDClientID: IN[protected]