Claimed

Karvy Complaints & Reviews

3.7
Updated: Nov 13, 2025
Complaints 1678
Resolved
1230
Unresolved
448
Contacts

File a complaint to Karvy

Having problems with Karvy?

File a complaint and get it resolved by Karvy customer care. It’s quick, effective and absolutely free!

SUBMIT A COMPLAINT

Karvy reviews & complaints page 14

Newest
  • Newest
  • Most Helpful
  • Most Popular
  • Resolved
  • Contains Photos or Videos
  • Oldest
M
malathipilla
Sep 13, 2020
Report
Copy

Address: tirupati

With reference to my earlier complaint dated 28.06.2020 in the forum, sir, till date i could not able to transfer my shares.
After complaint (Dt. 28.06.2020) in this forum, i received communication from karvy office hyderabad providing a contact person phone number. When i called him, he told that he can't do any thing a the office at tirupati is closed due to non payment of rent.
Later i forwarded the dis directly to hyderabad karvy office and were rejected due to mentioning wrong client/dp id. (Erroneously i mentioned old sbicap securities dp/client id)
Hence i have taken the cml copy of my husband sbicap securities account and forwarded the same with account closing copy of karvy, clearly mentioning the client/dp id, where the shares need to be transferred.
I got a reply that "with reference to your mail, we have received your request and the same is on hold due to name & pan no mismatch, required target cml."
I replied to the mail stating that i enclosed cml copy and clearly given the dp/client id in the account closing form, where the shares need to be transferred.
To my repeated mails still i am getting the same reply "name & pan no. Mismatch", from different people of karvy.
The karvy people of suffering me like any thing to transfer my shares from march 2020. A huge amount of financial loss happened to me due to their non timely transfer of shares.
Please guide me. Can i proceed against these people under deficiency of services under consumer act.
Please guide me and do the needful
Karvy customer support has been notified about the posted complaint.
Sep 19, 2020
Updated by malathipilla
Sir ..As on date 19.09.2020 I have not received any communication from KARVY.
Regards
Sir No reply received fro KARVY
Regards
Helpful
Found this helpful?
1 Comment
Report
Copy

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    N
    Narayana bhat k
    Sep 12, 2020
    Report
    Copy

    I am not able to do payout from my Karvy account since last 10 months. I have contacted customer care many times but issues is not resolved. Please do the needful.

    Karvy account number: 4431350.
    Thank you.
    Karvy customer support has been notified about the posted complaint.
    Helpful
    Found this helpful?
    Write a comment
    Report
    Copy

    Post your Comment

      I want to submit Complaint Positive Review Neutral Comment
      code
      By clicking Submit you agree to our Terms of Use
      Submit
      S
      Suresh Vaddi
      Aug 26, 2020
      Report
      Copy

      Address: Rajahmundry

      As iam a previous employee of karvy stock broking my name is suresh vaddi bearing employee code 1014047, rajahmundry branch

      I had got a mail from Karvy on[protected] but I didn't get any credit of my full and final settlement till now.please kindly take necessary action and kindly do the needful.
      Karvy HR details.he won't respond for mails and calls also.
      Mr.jaggarao
      Contact :[protected]
      +4 photos
      Karvy customer support has been notified about the posted complaint.
      Aug 26, 2020
      Updated by Suresh Vaddi
      Please settle down my full and final settlement amount from Karvy stock broking

      Aug 26, 2020
      Updated by Suresh Vaddi
      Please resolve
      Helpful
      Found this helpful?
      Write a comment
      Report
      Copy

      Post your Comment

        I want to submit Complaint Positive Review Neutral Comment
        code
        By clicking Submit you agree to our Terms of Use
        Submit
        G
        Geetham07
        Aug 18, 2020
        Report
        Copy

        Since last 2 years I am unable to encash dividend of shares of different companies. The money is pending with Kfin technologies Pvt Ltd. The problem started from the date of merger of banks. State Bank of Travancore became State Bank of India. To do this correction in my Demat account I approached our local Karvy, Thrissur branch and sent our request to head office, Hyderabad. I also written to Kfin Technologies for the same. Till date there was no action taken and some seven DDs are with me for encashing. Kindly advise/take necessary action immediately.
        Karvy customer support has been notified about the posted complaint.
        Helpful
        Found this helpful?
        Write a comment
        Report
        Copy

        Post your Comment

          I want to submit Complaint Positive Review Neutral Comment
          code
          By clicking Submit you agree to our Terms of Use
          Submit
          N
          Aug 17, 2020
          Report
          Copy

          Address: N Anand Kumar , KARVY STOCK BROKING LIMITED | TKN Complex | No. 51/2| Vanivilas Road | Opp. National College| Basavanagudi | Bengaluru - 560 004. Tel No: 91 80 67593772 | Mob: +91 9845202158

          Dear Karvy team,

          I N Vishnuvardhan, My Karvy clint code in 1009631, I requested your team to refund all my funds back to my SB account, my request was raised on Aug 2019, since then there is not action In spite of repeated follow-ups with your support desk, and this has been escalated to your Manager Mr.Sridhar and Mr.Anand Karvi –Basavanagudi-Bangalore. I am in regular fallow u
          Now it frustrating to be behind your organisation to get our own funds back, its very frustrating to deal with Karvy now, i have escalated many times and reminders to [protected]@karvy.com, there is no proper action taken.

          I request to release my complete funds back to my registered bank account immediately.

          Regards
          VISHNU
          +1 photos
          Karvy customer support has been notified about the posted complaint.
          Aug 20, 2020
          Updated by [email protected]
          There is no action taken by Karvy for above complaint, they are just least bother about closing long pending cases.
          Helpful
          Found this helpful?
          Write a comment
          Report
          Copy

          Post your Comment

            I want to submit Complaint Positive Review Neutral Comment
            code
            By clicking Submit you agree to our Terms of Use
            Submit
            R
            ravinder sathu
            Aug 12, 2020
            Report
            Copy

            Address: Ravinder sathu, 404, GH 6, Sector 20 Panchkula, Haryana

            I have an demat account with karvy office chandigarh, client id 01910418.
            I had various shares with the co which as per were held in pool of which except reliance industries 30 shares all were released. Despite repeatedly enquiring from office at chandigarh for release of 30 reliance industry shares, despite promises nothing has happened till date.

            Kindly release my 30 reliance shares from pool as i am badly in need of money moreover these are my shares and co is holding it illegally.
            Karvy customer support has been notified about the posted complaint.
            Helpful
            Found this helpful?
            Write a comment
            Report
            Copy

            Post your Comment

              I want to submit Complaint Positive Review Neutral Comment
              code
              By clicking Submit you agree to our Terms of Use
              Submit
              U
              usha kachoriya
              Aug 4, 2020
              Report
              Copy

              Address: salumber rajasthan

              I have phyisal share of rel. Ind.180 share. I applied for right issue for ril. 15 share. Yet not deposite in my demat account. My pan no. Aghpk 7078f. My demate a/c icici bank udaipur rajasthan. Dp id in[protected]. Isend mail. Last month. Yet not deposite.
              Karvy customer support has been notified about the posted complaint.
              Helpful
              Found this helpful?
              Write a comment
              Report
              Copy

              Post your Comment

                I want to submit Complaint Positive Review Neutral Comment
                code
                By clicking Submit you agree to our Terms of Use
                Submit
                S
                saurabh jain
                from Lucknow, Uttar Pradesh
                Jul 30, 2020
                Report
                Copy

                I am holding karvy demat account since long time, but i had saw that in statement my 6099 shares are holded under beneficiary account instead of dp account and i have personally visted several times to karvy head office in meerut city but they excuses every time that it should come in our dp account within in few days but now it was almost 9 months have been passed we are unable to get any positive reply from company also not getting our shares in dp account
                Karvy customer support has been notified about the posted complaint.
                Helpful
                Found this helpful?
                Write a comment
                Report
                Copy

                Post your Comment

                  I want to submit Complaint Positive Review Neutral Comment
                  code
                  By clicking Submit you agree to our Terms of Use
                  Submit
                  P
                  pj praveen
                  Jul 29, 2020
                  Report
                  Copy

                  Address: guntupalli ,vijayawada

                  I am working karvy bpo at vijayawada nearly 400 employees karvy company not paid 4 months salary, employees are struggling family problems so please take action and solved the problem
                  +1 photos
                  Karvy customer support has been notified about the posted complaint.
                  Helpful
                  Found this helpful?
                  Write a comment
                  Report
                  Copy

                  Post your Comment

                    I want to submit Complaint Positive Review Neutral Comment
                    code
                    By clicking Submit you agree to our Terms of Use
                    Submit
                    M
                    Mahesh Chopperla
                    Jul 28, 2020
                    Report
                    Copy

                    Address: Hyderabad

                    As karvy is closed i have transferred my shares to my son's demat account. And as of now, the pending amount 18000 is not released since 6 months.

                    What to do. My phone no is [protected] and my name is ch. Somasundar rao
                    Karvy customer support has been notified about the posted complaint.
                    Helpful
                    Found this helpful?
                    Write a comment
                    Report
                    Copy

                    Post your Comment

                      I want to submit Complaint Positive Review Neutral Comment
                      code
                      By clicking Submit you agree to our Terms of Use
                      Submit
                      A
                      akshay.chauhan88
                      Jul 24, 2020
                      Report
                      Copy

                      Address: Hyderabad

                      I am akshay singh. I have a trading account with karvy stock broker and my client id is 1622661. I'm unable to trade due to seizure of karvy accounts since last one and half year. I have written several mails and queries and tried calling almost every phone number available on internet but there is no answer from their side. I have never seen such a pathetic customer service. Please help me get rid of karvy as soon as possible.
                      Karvy customer support has been notified about the posted complaint.
                      Helpful
                      Found this helpful?
                      Write a comment
                      Report
                      Copy

                      Post your Comment

                        I want to submit Complaint Positive Review Neutral Comment
                        code
                        By clicking Submit you agree to our Terms of Use
                        Submit
                        V
                        v_vayeda
                        Jul 22, 2020
                        Report
                        Copy

                        Address: Karvy stock broking, Hyderabad (HO)

                        Hi sir,
                        I am a client of karvy stock broking ltd., dewas (Madhya pradesh)
                        My client code : 329896
                        I would like to selloff my shares, but no body response given by karvy either in dewas or hyderabad office.
                        Please help me
                        My cell no. [protected]
                        Karvy customer support has been notified about the posted complaint.
                        Helpful
                        Found this helpful?
                        Write a comment
                        Report
                        Copy

                        Post your Comment

                          I want to submit Complaint Positive Review Neutral Comment
                          code
                          By clicking Submit you agree to our Terms of Use
                          Submit
                          S
                          Saarim Asghar
                          Jul 13, 2020
                          Report
                          Copy

                          My karvy id is 3093272. I have emergency so i need my money back as it is hold in your account from long time. Every week i heard the same from your associate it will transfer direct in my account but till now i didn't get.
                          Karvy customer support has been notified about the posted complaint.
                          Helpful
                          Found this helpful?
                          Write a comment
                          Report
                          Copy

                          Post your Comment

                            I want to submit Complaint Positive Review Neutral Comment
                            code
                            By clicking Submit you agree to our Terms of Use
                            Submit
                            P
                            Pranay17
                            Jul 12, 2020
                            Report
                            Copy

                            Dear team,

                            I applied 2-3 times for adhaar address change online of my mother (Sarita pravin more) adhaar card & i had provided electricity bill on my mother name self attested but same is getting rejected as data mismatch. All the details are mentioned correctly in address and poa but still it is getting rejected. Please help

                            Urn no-0000/00643/91655
                            0000/00644/09462
                            0000/00646/94101
                            Karvy customer support has been notified about the posted complaint.
                            Helpful
                            Found this helpful?
                            Write a comment
                            Report
                            Copy

                            Post your Comment

                              I want to submit Complaint Positive Review Neutral Comment
                              code
                              By clicking Submit you agree to our Terms of Use
                              Submit
                              M
                              Mayur Parchake
                              Jul 9, 2020
                              Report
                              Copy

                              Salary or experience letter not give

                              Address: 328, CP Talav, Hanuman Nagar, Wagle Industrial Estate, Thane West, Thane, Maharashtra 400604
                              Website: www.karvyhr.com

                              I just joined karvy data management thane office id-1001117 on 15th nov 2018 and leave in 10 oct 2019 so my last month selery sep 2019 selery & experience letter are pending last 9 month hr not give response....
                              Helpful
                              Found this helpful?
                              Write a comment
                              Report
                              Copy
                              Hi,
                              I am himani khatri complaining again against karvy stock broking, after writing my first complain they had just send me provisional cum experience letter on my email and after some time they mailed me that they are doing audit on my fnf and after sending so many emails from my side they said they will provide me fnf details on my mail by this tue i. E. 7th of july, 2020 but i have not received any email from their side but what’s...
                              +1 photos
                              Helpful
                              2 other people found this review helpful
                              2 found this helpful
                              Write a comment
                              Report
                              Copy
                              M
                              malathipilla
                              Jun 28, 2020
                              Report
                              Copy

                              Sir, i am having shares in karvy stock broking ltd.in my id 2022181. On 18th march i have given delivery slip at tirupati karvy office for transfer of shares to sbicap securities, which was not done till date.
                              Presently, karvy office at tirupati was not opened. I tried to contact hyderabad karvy office but the phone is not being lifted.
                              Please do the needful of getting my shares transferred.
                              Regards
                              Karvy customer support has been notified about the posted complaint.
                              Sir, TILL DATE i could not able to transfer my shares.
                              After consumer complaint I received communication from Karvy office Hyderabad providing a contact person phone number. When I called him, he told that he can't do any thing a the Office at Tirupati is closed due to non payment of rent.
                              Later I forwarded the DIS directly to Hyderabad Karvy office and were rejected due to mentioning wrong client/DP ID.(erroneously I mentioned old SBICAP securities DP/Client id)
                              Hence I have taken the CML copy of my husband SBICAP securities account and forwarded the same with account closing copy of KARVY, clearly mentioning the CLIENT/DP ID, where the shares need to be transferred.
                              I got a reply that "With reference to your mail, we have received your request and the same is on hold due to Name & PAN no mismatch, Required target CML."
                              I replied to the mail stating that I enclosed CML copy and clearly given the DP/CLIENT ID in the account closing form, where the shares need to be transferred.
                              To my repeated mails still I am getting the same reply "NAME & PAN No. mismatch", from different people of KARVY.
                              THE KARVY PEOPLE OF SUFFERING ME LIKE ANY THING TO TRANSFER MY SHARES FROM MARCH 2020. A huge amount of financial loss happened to me due to their NON TIMELY TRANSFER of shares.
                              PLEASE GUIDE ME. CAN I PROCEED AGAINST THESE PEOPLE UNDER DEFICIENCY OF SERVICES UNDER CONSUMER ACT.
                              PLEASE GUIDE ME AND DO THE NEEDFUL
                              Sir..I am sorry to say that nothing has happened after lodging the complaint here also. Till date I could not able to transfer my shares.
                              This is the fate of karvy customer/ complaint resolution mechanism.
                              Helpful
                              Found this helpful?
                              2 Comments
                              Report
                              Copy

                              Post your Comment

                                I want to submit Complaint Positive Review Neutral Comment
                                code
                                By clicking Submit you agree to our Terms of Use
                                Submit
                                R
                                RamachandranSen
                                Jun 25, 2020
                                Report
                                Copy

                                Address: Hyderabad

                                Hi,

                                Client ID 13326126

                                I sent the account closure and transfer of shares to another demat account form by courier to your head office. It was received by receptionist at your head office on 17/06/2020.

                                However the customer care insists they have not received the forms.

                                Where did the form received by your receptionist go? Why it was not put into your system and the request actioned?

                                Please look into the matter.
                                Karvy customer support has been notified about the posted complaint.
                                Helpful
                                Found this helpful?
                                Write a comment
                                Report
                                Copy

                                Post your Comment

                                  I want to submit Complaint Positive Review Neutral Comment
                                  code
                                  By clicking Submit you agree to our Terms of Use
                                  Submit
                                  D
                                  DebRC
                                  Jun 22, 2020
                                  Report
                                  Copy

                                  My karvy client id is 80280639 and dp id is in3300394.
                                  When i get my "statement of holding" from karvy, i get the following shares name in that.
                                  But, i don't get those shares in in nsdl statement.
                                  I get those in the bse statement against the client code 13784280.

                                  I am unable to get those transferred to my icici dmat account through dis as those are not mentioned in nsdl. Please get me back those to my dmat account and in nsdl.

                                  The shares are as follows:-

                                  Ine438a01022 apollo tyres ltd 176
                                  Ine062a01020 state bank of india 600
                                  Ine081a01012 tata steel limited 259

                                  Please help me. I tried to reach karvy lot many times but no body is picking /talking to me.

                                  Regards
                                  Shanti roy choudhury
                                  Karvy customer support has been notified about the posted complaint.
                                  I have already provided the required information. Still I am posting once again:-

                                  Name:- Shanti Roy choudhury
                                  Have DMAT account with Karvy. Detail:-
                                  Karvy DP ID #IN300394 and CLIENT ID # 80280639.

                                  Problem:-
                                  When I get the NSDL statement I see "Apollo Tyres", "Tata Steel" and "SBI" shares are missing from the list.

                                  I see those shares are in in NSE statement and listed under Client ID #[protected]Please note my client ID is[protected]

                                  Karvy has not registered them under NSDL and neither in my DMAT account.

                                  Please get me back those shares immediately to my DMAT account.

                                  Please check the above data and return me back my shares in my karvy dmat account. Please let me know what further information you require?

                                  Thanks
                                  Shanti Roychoudhury
                                  DebRC's [Complaint's author] reply, Jul 9, 2020
                                  I, SHANTI ROYCHOUDHURY along with GOPINATH ROYCHOUDHURY, holding DMAT Account with KARVY STOCK BROKING LIMITED. My DMAT account details with KARVY is as below:-
                                  DP ID- IN300394 and Client ID – 80280639

                                  I have dematerialized multiple company shares in the above DMAT account. I found that 3 very important shares with huge numbers are being not put to my KARVY DMAT account, rather they are being kept in Karvy pool account and hence I am unable to transfer those shares to other DP. I figured out that discrepancies when I got the NSDL and BSE/NSE statement. The details are as below:-

                                  1) In “NSDL statement”-
                                  I don’t find the following 3 shares (Karvy has not reported them under my DMAT account)

                                  I have attached downloaded NSDL statement from e-services. Please check

                                  STATE BANK OF INDIA - INE062A01020 - 600 quantity
                                  TATA STEEL LIMITED - INE081A01012- 259 quantity
                                  APOLLO TYRES LIMITED - INE438A01022- 176 quantity

                                  2) In “NSE/BSE statement”
                                  I find the above 3 shares against a Unique Client ID 13784280 i.e the pool account

                                  I have attached NSE/BSE statement. Please check

                                  STATE BANK OF INDIA - INE062A01020 - 600 quantity
                                  TATA STEEL LIMITED - INE081A01012- 259 quantity
                                  APOLLO TYRES LIMITED - INE438A01022- 176 quantity

                                  I found in BSE statement it is written as :-
                                  *Note:-
                                  1. Securities/ Commodities balance mentioned in the attached document are securities/ commodities held
                                  in demat accounts of the Trading Member, tagged as client account/ collateral account etc., on your behalf.
                                  It will not reflect holdings in your own bank account, demat account and Portfolio Management Services
                                  (PMS) balance maintained with any DP/PMS provider including your broking entity.

                                  Please get me back those shares to my DMAT account (DP ID- IN300394 and Client ID – 80280639), so that I can transfer them to other DP ASAP.
                                  Helpful
                                  Found this helpful?
                                  1 Comment
                                  Report
                                  Copy

                                  Post your Comment

                                    I want to submit Complaint Positive Review Neutral Comment
                                    code
                                    By clicking Submit you agree to our Terms of Use
                                    Submit
                                    G
                                    Gaurav Mahecha
                                    Jun 20, 2020
                                    Report
                                    Copy

                                    Address: Jodhpur

                                    Dear concern
                                    I worked with karvy stock broking ltd for the period june 2012 to april 2013 but i have not received the relieving letter till date also after several reminders that time i have not received the same also i have submitted the dues amount to company but still i have not received the letter
                                    Please help to get the same on urgent as i need to submit at my current employer details are as below
                                    Name gaurav mahecha
                                    Employee code: 38117
                                    Location jodhpur-rajasthan
                                    Karvy customer support has been notified about the posted complaint.
                                    Helpful
                                    Found this helpful?
                                    Write a comment
                                    Report
                                    Copy

                                    Post your Comment

                                      I want to submit Complaint Positive Review Neutral Comment
                                      code
                                      By clicking Submit you agree to our Terms of Use
                                      Submit