Karvy Complaints & Reviews

As in the news, Karvy stock broking pvt. ltd. has issued its clients' securities in its name, I am one such victim. Karvy told on 12th feb that it would send us the amount on or before 15th February, 2020. but I have not received my funds yet. Kindly look into this matter. My client Id is [protected]. for your reference I am attaching a proof i.e., the email they sent me.

As everybody is aware that karvy stock broking pvt ltd transferred the client securities to itself recently. I am one of those victims. Karvy said they would initiate the process of fund transfer soon and by 15th feb it will be done. But it is 25th feb today and i have not received my money yet. I have also filed a complaint with scores and karvy itself.

At 65 when i entered the office, i was told that they will assist me with stock options.
Whenever i opted for long term i was engaged in long conversations and lead to buy stocks that were for short selling with no profits.
On interventions, the manager showed rs 1000 as profit on same day and made me sit quietly while other clients were watching
Decided to close the account and requested the same.
In the end they executed sell and charged brokerage but the demat account is still active.

I do charity and have felt happy for helping needy.
With karvy they could have asked money i would have given them instead they chose to put me in trouble and take the funds from me by misguidance,

I resigned karvy stock broking on 16th september 2019 as area manager - insurance distribution employee code: 1052525 served my 15 days notice and as per hr my last working day was 1st oct 2019,

As per hand holding process and guidelines it is my supervisor duty to ask for no dues certificate / clearance and clear exit of employee but he was on leave.

He called me in branch on 12 oct 2019 and verified with all branch managers for any pending dues or work (Hope its again his responsibility to check for no dues form) later he left for rajasthan as his father expired,

I called cluster manager - mumbai to check on submission of my no dues form he clearly said that "sir has taken your form with him and said will sign and send it to hr" (Call recording available)

On 6th november i got to know that my supervisor denied on possession of my no dues form and said its still in branch and blamed me that its my mistake that i haven't informed him about it and said its mine responsibity to get it done.

Now its already 60days left since my last working day still my no dues certificate is under process got a mail from s jagga rao on 27 nov 2019 about my f&f amount where they have deducted my 3 days salary (29 september - 1 october 2019) wherein i have all mails about my attendance regularization until 1st oct 2019.

Still unclear when will i receive my settlement.

Sent several mails to senior managements:

Naresh. [protected]@karvy.com;
[protected]@karvy.com;
Deepak. [protected]@karvy.com;
[protected]@karvy.com;
Jaggarao. [protected]@karvy.com;
Vijayant. [protected]@karvy.com;
Tanushree. [protected]@karvy.com;
[protected]@karvy.com.

No replies received from their end seems karvy is not a employee friendly company and worst company to work.

I have an ncd of reliance home finance ltd of which the registrar is karvy computershare private limited.

My isin no. Is ine217k07ac4, application no. 76008507. Folio no. In[protected]. I had an amount of rs.150000/- issued on 3 jan 2017 for 3 years. For the years 2018 and 2019, i got the interest but on 3 jan 2020, i didn't receive the interest and the principal amount. I used to get emails from rhfl. [protected]@karvy.com, but i am unable to send emails to ask the query and it bounces back to me. I tried to call them and no one lifts up. This is hard-earned money.
This is a very reckless attitude of not responding to customers after taking away their money. Please, i request you to give my interest and the principal amount back that was due on 3rd jan 2020. Awaiting your quick action and reply

Hi I am Kumudini P S. very small investor.
My client ID is A45082711.
I buy some shares online as on 10/07/2019. Till today these shares not transferred from pool to my demat account. I write to karvy many times but no reply from Karvy.
I also tried to sell these shares online but karvy rejected my request. They also rejected my fund withdrawal request.

Respected sir,
Please close and transfer my demet account my demet account no is 20817310 which is submitted on dt 01.02.2020. Dispatch pod is [protected] on hyderabad dt 03.02.2020. Today is 09.02.2020and my account is not transferred. Please close and transfer.
Thanking you
Leena nagrani
C 474 rajendra nagar bareilly
243122
Mob [protected], [protected].

My self naveen kumar gangal and i have a account with karvy from last 5years.

On 25 nov'19, i had selled out all my dhfl share i. E. [protected]@ 22.30/- and received total approx. Amount 87277/-
On same day i had been purchased pc jeweller share [protected]@31.69/-.
Total approx. Amount deducted 82394/- from my ledger for pcj share.
After above two entries, my ledger amount was approx 4968/- at that time.

On 2 dec'19, 3961share of dhfl was booked in my account without my confirmation.
These share had pprox. Worth 78230/- and same amount has been debited in my ledger.

I have seen my ledger around 22 jan'20 and immediately raise this concern to karvy chandigarh branch & customer care to resolve.

As per karvy chandigarh, this is an error due to karvy side, because karvy all transections was doing erratic behavior due to some ongoing fraud case between karvy & legal authority. So it will resolve automatically.

So based on discussion & confirmation with karvy representative, i have again transfer 50000/- in my karvy account to purchase new share, but karvy deducted the same immediately and now my ledger showing -24000/- approx.

So i want to lodge a complaint of fraud against karvy finance and want recover all my deducted amount i. E. 78230/- approx.

Thanks & regards,
Naveen kumar gangal
[protected]

My customer id 01359144 dp id 13014400 trading a/c 269pu4425. Since no trading is possible from karvy i have applied for transfer from karvy to stock holding corporation india ltd demat and client id no 40186863 in301330 vide karvy's instruction slip delivery no. Aa[protected] dated 11.01.2020 at pune branch containing (5) items ie mrl, tata power, ongc, petronet lng and yes bank (All are shown in demat account) but the same were neither transferred nor intimated to me reasons for their inability.in addition to above another (6) six items are yet to be transferred to my demat account from pool account. Further nobody is receiving my calls.

I am client of karvy stock broking ltd. With id no.14086406. Some of my shares transfered to karcy beneficiary account without my knowledge and consent.in addition to this my payout from ksbl is pending since three months even after i frequently requesting at local visakhapatnam branch.
Hence i request you to transfer my shares to my demat a/c and cash to my bank a/c.

Thanks
Tvvgr
Id no.14086406

A) it is so surprising that such a known company like karvy hiring for the prestigious flip kart process would cheat vendors like us who operated in goodwill. We did the hiring for them in the month of august-2018. It has been sixteen months now and they are not clearing our payment when you have a requirement then we prioritize your needs, but by not paying is not professional at all.

B) hr hemank malhotra is not responding even though all documents shared with verification. Please help us.

Dear Sir,

Following share which I purchased from Karvy trading account have still not been transferred to my Demat account & this is a major cause of worry for me. I have been following up with Karvy staffs, for last few weeks & they have still not transferred these shares to my Demat account. I request you to kindly transfer these shares to my Demat account held with Karvy with out further delay to avoid escalation to Sebi & NSDL.

Date Security Exchange Type Buy Qty Avg Buy Price(Rs) Net Qty Net Amount(Rs)
05-Nov-19 FEDERAL BANK LTD NSE EQ 300 87.6 300 26, 280.00

CAS ID is:[protected]
DPID: IN300394
Client ID: 19145212

Please confirm when will this be credited to my Demat account? I would appreciate if you could please call me on my phone number : [protected]

I am visiting karvy stock brocking office from past 2 months for more than 5 times for my payout but they are not responding properly. Always asking to enter in register, some time entering in their dairies but no use. Tried from online also but not getting processed.
Tried all the phone numbers available but no one is responding.
I am worried where else all i have to raise my voice/complaint to get may money... Nsdl?, police complaint?... My account 2530594, amount 53410.70

Hi,
Demat account, customer id a45099249, name : mary shyla george was opened 5 months back.

Purchases too were made on this account. However when trying to sell it was not allowed saying power of attorney has to be submitted.
Even after sending poa through post there is been no activation of the account.

I've been sending mail every day to [protected]@karvy.com but not even any replies.

Ticket id[protected]a96a-b8eefeeaaa48
Is the latest ticket id.

[protected]@karvy.com is the worst of all service network i experienced with.

Please intervene to either activate the account or return the amount that is spent on this account and close account.
I no longer wish to be a customer of such a worst company who recognizes their customers to the least.

Dear sir/madam

Customer no. 1761241 had done trading of 3400 nos. Of iocl shares at rs 131.60/- per share on 26.11.2019. I would like to bring to your notice that i still have not got the payment for the sold shares. Every time i call, karvy agent at guwahati gives some excuse or another with date extension that the payment will be made within one week or 10 days and so forth. It has been almost two months now and i have still received neither the payment nor any confirmation/communication regarding payment.

Please look into the aforesaid complaint and arrange for release of the payment as i am in urgent need of the amount because of which i have sold the shares in the first place.

Customer no. 1761241 had done trading of 3400 nos. Of iocl shares at rs 131.60/- per share on 26.11.2019. I would like to bring to your notice that i still have not got the payment for the sold shares. Every time i call, karvy agent at guwahati gives some excuse or another with date extension that the payment will be made within one week or 10 days and so forth. It has been almost two months now and i have still received neither the payment nor any confirmation/communication regarding payment.

Please look into the aforesaid complaint and arrange for release of the payment as i am in urgent need of the amount because of which i have sold the shares in the first place.

I am a client of karvy stock broking. My client codeis a45040481.

For last 1 month, i have been trying to make payout requests every day from my demat account, however, i am not receiving the payout amount in my account. I have got 24000+ money in the account.

I tried sending multiple emails but they do not revert to mails sent on [protected]@karvy.com and neither nobody answers the phone at customer care.

Now, i am not even able to login to account on karvy app to make payouts.

How can i get my money lying in demat account transferred to my bank account?

Respected sir,
I like to draw your attention that my stock broker karvy stock broking not making payment till 3month even after placing request for payout of funds why it is not being transferred to my bank a/c.? Every time i have placed request, it is being stated that “pending request”? How can the same excuse be cited every time?
My request is for only rs-50000/ which is essentially & immediately need for my child education, though this amount is not come from my stock selling, this is the money which i collect by selling my sip at early stage for this immediate purpose.
It is my humble request to you please consider my situation arrange to pay back my money which is vital for my child education.
All require details given below.
Amount required - 50000
Name - biswarup pal
Karvy client id - 5631187
Dp id - (Nsdl) in[protected]
Pan no - bcapp3396k
Mobile no-[protected]
Mail id - p. [protected]@gmail.com

I am requesting payout every week from november but they are not sending my money back.
Also customer support executives are transferring calls from one department to another but no one is solving my queris.

Also customer support executives are taking big time to answer the call.

My client code with karvy is a45086322

I have attached some of the recent requests screenshots

Sir,
I have a trading a/c no 326269 with karvy. My some shares are still lying in the pool a/c and i have requested many time to transfer these share to my demat account. I have also requested karvy shimla branch to provide me the dis slip but they shows the inability to deliver it to me. I have also file a complaint at karvy website, the token of which is 6000, but karvy did not reply for it.