Karvy Complaints & Reviews

Hello team,

I had been submitting payout request to transfer money back to my account after sale of my infosys securities. It had been 15 days and amount is not transferred and is held back at your end.

Everytime i made a call i am informed that this will be done in next 24 hours.

I am surprise that karvy is holding money of investor and doing malpratice and fooling investor.

I...

2354008 pay out request not effected by system from 11th oct.finallly a sum 186000 was debited to my account no credi till now in my bank. Efforts made by your staff k suresh balan nidhya yet to materialise. Ihereby claim interest, pay out amount and also damages. Kindly do the needful. Karvy stock brokers ltd Iam aged and running 70 also a heart patient...

Client id : 1109636

I am not sure how sincere you guys are for customers but mean it they are your assets and repeated ignoring them may cost you.

Let's come to my point. I have noticed that when ever customer raise a payout request for more than 50k your company have no fund to repay their money.

This is not for the first time, i am noticing it from last one year. First i thought it can be a mistake...

Had sold some shares held in my trading account no. 4171310 held with them on 17.10.2019 and have been making pay out requests alsmost daily, but to no avail. The local unit at chennai tnager is also not helping out. I have tried to contract their ho, but no body is picking up the phone.

Of course, somebody had called from their hyderavad office last thursday and assured me that pay out would be effected on monday last. But...

I am trying for payout almost one month, but the payout is not taking place... My money is not transferred to the bank. Initially the money get deducted from the karvy account but the same is not deposited to my bank account. The next day morning i find the amount back in my karvy account. The transfer is always cancelled except in two occasion. I am never informed from the karvy's end for the denial of such transfer... An early solution...

I had sold some shares held in my Trading account no. 2110830 held with them on 03.10.2019 and have been making pay out requests alsmost daily, but to no avail. The local unit at Bhubaneswar is also not helping out. I have tried to contract their HO, but no body is picking up the phone.

Of course, somebody had called from their Hyderavad office last Thursday and assured me that pay out would be effected on Monday last. But...

This brokerage firm is a big fraud. They do all they can to hold back customers payout. I have a nri demat account with them and they are holding back quite a bit of my money in the name of tds. It's as simple as deduct the tds and pay the rest. However they just sit on it for ever to delay the payment as much as possible so that they can make money out of it. There is one ms. Chama agarwal manager-nri business, who is such a pain to deal...

My had request for payout on 14th oct but till today money is not credited in my account. Called to karvy team but they are not able to provide the solution, even now they are not picking phone calls and no reply on mails. Everybody in karvy team is transferring the calls but no one is able to provide appropriate solution, my i'd is 1114866

Regards
Vinay...

I am requesting for payout from oct 8 and the same has not been processed by karvy till now..
The payout amount is debited from trade account during day hours and evening same is credited back in trade account, really don't know why it happening
Neither customer care is able give any proper answer or email is getting unanswered

My id is 16311020...

I have recently opened my franchise with Karvy and I have opened a trading account too in my name.I have requested for a payout of Rs.30000/- on 14.10.2019 around 11.00 am but the amount has not credited to my bank account but they have marked the payout in back office.

I have spoken with Mr.Sabarinathan who is the Zonal Head and Mr.Presanth Kerala Marketing manager but not received satisfactory comments.

Later...

As per the coments read about karvy about kotak mahindra bank i too after the merger i didnt have certificates of kotak mahindra bank it has been missplaced no idea.

As i didnt have my physical certificates and have to make it for demat i had completed all the procedures of karvy 100 paper 200 paper surity and all the procedures and even the police conplaint too i had completed all the procudures.

From march...

My name is Twinkle sharma and employee id is 1029226. I have left Karvy digiconnect pvt ltd on 16th May 2019 and I was told that salary will be provided just after 90 days and now it has been 150 day but still salary has not provided.

Initially after sending multiple emails, I was committed that salary will be provided before 30th of September 2019 and after 30th of September 2019. I am sending so many emails but no response...

Dear sir,

My client id is s154003, i have a credit balance in my account i have requested for payout but still payout has not been done, spoke to mr samrat, mr naveen parmar and mr ridhham lakhani, they just assure that payout will be done but nothing has been done.
I have an urgent requirement of fund as some medical emergency is der at my home, how can some one block my money...

I have a trading account with karvy and sold some shares and posted payout request to transfer the amount of 51336/- to transfer to my bank account. Although, the amount got debited from my karvy ledger account but the same did not get transferred to my icici bank account even after 11 days. I have sent several mails to karvy at [protected]@karvy.com but every time i get standard reply that they are looking into the matter. I spoke with executive...

I had submitted by registered rent agreement for address updation on 12th october (Urn - 0000/00601/09153) but got a response the reject reason: invalid documents.

There is no indication of why or how this is invalid. I am stuck unable to update my address since i moved to a new place and my registered rent agreement is the only proof i have and is on uidai's list of approved proof of address documents....

My dmat i'd is 1561584. Sold few mfs and initiated the fund transfer on 5.2l on 25th sep. Today is 12th oct and every day i am pleading with karvy people for fund transfer. But no response. For the past 15 days karvy is holding my money with out any reason. This is illegal and they are using my money without my consent. I am really worried about my money....

You people shifted your office from Yavatmal-445001 without written intimation to me.i was totally unaware of your details.you sold all my shares without my permission to adjust your fees.and now you ask me for balance payment on my dmat account.I have no option other bthan to lodge a complaint with sebi.My client code is 570286.Kaqrvy financial is asking me to pay rs 719.82 against my dmat account number IN[protected].What for?...

I was updating my aadhar address to my new address but after three attempt also its failed. I tried with ration card, index-2 and finally with electricity bill.
Latest message:
Your request 0000/00599/33951 has been rejected due to : data mismatch in document and update request.

Aadhar no.[protected].

New address:
A4/605, jp symphony, gaikwad pada, ambarnath - east, thane - 421501...

I prashant gupta had a telephonic conversaton with due respect to dinesh patnayak wheree as it was decided that I have send stamp paper duly attested by notary public of Rs10 / and DC certificate of depositor nominee even all the required document's I did every step what ever karvy is stated for last 2months but I got hope where as I got interacted with Deepak Patnaik manager Karvy (GFIL), I Prashant Gupta do hereby request especially Dinesh...

Hello team, yesterday i had requested for the update of my address in my aadhaar. My urn was 0000/00598/23905 & as a proof of address i had uploaded my latest gas bill which bears my name & address details.

Still my application is rejected with the following message:

Urn number: 0000/00598/23905
Reject reason: data mismatch in document and update request

I am still not able to understand...