Karvy Complaints & Reviews

From Siva Prasad Guha M.Com, ACIB(Lond), MBA, ACMA, FCA.

To Messrs Karvy Fintechy Pvt Ltd

Re: Unit : IRFC LIMITED-TAX FREE BONDS-TRANCH II-2013-14
Application No: 10359840
Re-Issue of Interest Warrant cheque

Dear Sirs,

On 29th April'2019, I couriered to your office a letter with a Cheque for Rs 4, 208/44 representing Interest on IRFC Tax Free Bonds Tranche II 2013 14. The said Interest Warrant Cheque provided incorrect particulars such as Bank a/c no, name of Bank Branch and hence I requested re-issue of the draft providing requisite support documentation as suggested by your Kolkata Office in Park Street, Kolkata.

On 8th May'2019, I received your acknowledgement of my letter which provided the following reference:

Transaction Reference Number 3851
Request Date[protected]
Unit IRFC LIMITED-TAX FREE BONDS-TRANCH II-2013-14
Folio Number IN[protected]

Again I sent a email reminder on 27th May’2019 requesting reissue of Interest Warrant Cheque. To this Karvy by their email of 29th May’2019 informed that
Quote “we have received the documents for revalidation, it is under revalidation process, upon receipt of DD from bank will re-dispatch to your new address (OR)directly will credit to your bank account.” Unquote

Till date, I am yet to receive the corrected Interest Warrant Cheque.

Would appreciate, if you accord this matter your priority attention and do the needful
urgently.

Yours faithfully,
Siva Prasad Guha
P-226, Block-B,
Lake Town,
Kolkata- 700089
West Bengal
Landline-- [protected]
Mobile- [protected]

I have opened demat a/c no. In karvy MP Nagar bhopal. Details are:
Name- Hemraj Singh Thakur
Id[protected]
20 debentures are in this demat a/c
For payment of interest of these debentures, m/s link intime is demanding client master list.
On my request karvy sent me mcl to me.
On seeing master client, it was found that
Bank NAME AND ADDRESS IS WRONG
Onmy request, correction in bank details was done. But again with wrong addeess and MICR CODE.
Requested to correct bank address and MICR CODE.
YOURS SINCERELY
HEMRAJ SINGH THAKUR
MOB. [protected].

I have deposited a cheque of Rs 13000 in favour of Karvy on dt 11 6 19 in ICICI bank
After a query from bank staff I found cheque is cleared and same amount was deducted from my bank of Baroda account, but my demat portfolio has not been updated till date and I found that some stocks have been deducted from my demat portfolio, although I have paid amount as much required by team Karvy
Please check payment status from your side and inform me as soon as possible.

Karvy service is worst in Buxar(Bihar) very rude and unfrienfly staff are deputed there, even they had not updated my KYC which i submitted 20 days ago.Butcstaff of karvy is not willibg to provide any service to customer ther are seeing their mobile every time, ther are not even listnibg to the customer complaint neither they are interseted to provide any service to if.Alll customers are very rude and undriendly.

I, Maltiben Madhukar Karadkar don't received 36 Bonus shares of reliance industries limited issued against folio no.[protected] Having Certificate No. 57695343 So, I Request you to transfer my unclaimed 36 bonus share of reliance industries limited to my demat electronically.
Hope do the needful at earliest.
Looking For Prompt Reply from you.
Thanking you,
Yours investor
Maltiben Madhukar Karadkar

I had sent 104 shares of ril for deletion of second name as the second person is no more. Its been six months post . I have not received shares or any communication from karvy. Along with these shares I had sent some more shares of rel capital reliance energy all have been sent with document forms but apparently only reliance industries shares has not been received.
I have written to karvy and emailed them 100 times but a computer generated statement is all what comes from there no clue no answer about shares sent.
I have filed a police complaint in local town against loss of shares anyone doing transaction in those shares would be legally responsible.

I feel shareholders of reliance shud switch to better companies as they are not bothered about there small shareholders and pathetic investor services . tall and bold claims at international levels don't suffice the actual nature of this companies working . pathetic way of management . we are also working towards having shares in demat form if we have shares in physical form there must be some problem at your end solving them due to bar Mr mukesh ambani

Respected sir / madam,

This is to inform you that i had received cheque no 054216 of hdfc bank on account of dividend amount under warrant no 1054434 of amount rs 52.92 /-. Due to some reasons, i could not deposit cheque in my kotak mahindra bank account [protected]. Cheque validity is expired now.

You are requested to transfer dividend amount electronically or issue new cheque for same. My demat account details as follows.

Kotak securities
Client id – 14153822
Dp id – in300214

Pl. Do confirm.

I have deposited a cheque with karvy dehradun office on 28may2019 while i got a message of default in pay of 900rs only on friday i. E 31may2019 and due to which my some shares were liquidated and while my bank a/c was also debited with same amount as of cheque but my demat account wasn't credited with amount. I want my loss incurred due to karvy bad service to be rectified and repay to me.
Client is 271653 ashutosh

Dear sirs,

With my humble submission, i hereby want to bring the following things to your kind attention. Kindly spare a few moments to understand our problem pending with your office since last two years. Needless to say that both o[censored]s (Me & my brother) are senior citizens and are not able to follow up with you the case aggressively and often.

My brother ajay dhar wanted to transfer 36 shares of reliance industries to me and accordingly i sent two share certificates of 18 shares each to your office together with duly filled transfer form on 21-june-2017 which you acknowledged by your mail dated 28-june-2017.

Since there were some signature mismatch problem, the certificates were returned by you some where around october 2017.

The corrected new form, together with share certificates were again sent to your office for transfer on 21-aug-2018.

Finally the said shares were transferred to my name on 29-oct-2018 vide your letter no:[protected] dated[protected]. So far so good.

In the meantime on 19-sep-2017, reliance industries ltd issued 1:1 bonus shares. These bonus shares have neither been allotted to my brother ajay dhar, the erstwhile owner of the shares nor to me, the new owner.

In this regard there has been a lot of correspondence done by my brother with your office but of no avail. Copies of these correspondence are being attached with this mail.

To cut the story short, if i am not eligible to receive the bonus shares as the transfer took place 29-10-18 and the bonus shares were declared on[protected], the in that case the bonus shares should be issued to my brother ajay dhar. Kindly note that neither my brother ajay dhar nor me have received these bonus shres till now. Kindly note that my bother ajay dhar is not in good health these days and is not able to correspond.

Following are the details of share certificates:

Original folio #[protected], name: ajay dhar

Share certificate # 57582350 distinctive # from [protected] to [protected] 18 shares.

Share certificate # 61867884 distinctive # from [protected] to [protected] 18 shares.

New folio # after transfer:[protected], name: uteeshkumar neelkanth dhar

I therefore request you to please take personal interest in this long pending issue and settle the same at your earliest.

Kind regards

Uteesh dhar

204, pushkar towers, opp. Shakti enclave,
Judges bungalow road, bodakdev,
Ahmedabad-380054
Mob: [protected]

Of all the various service providers i have encountered in mumbai or rest of india karvy is the worst.
For the past six months i am trying to convert physical shares of reliance industries held by my aged parents to demat form.
The process has a lot of red tape and karvy staff seem to work at their own sweet pace.
Emails are unanswered for days on end.
Drfs are rejected on flimsy grounds.
Karvy staff derive some sort of sick pleasure by making people run around for their own hard earned money.
Their crm sucks big time and there is no chance your issue will be resolved quickly... It will drag on and on until you get tired of the mental stress and give up in disgust.

I k. V. Ramanamma aged of 86 years applied for duplicate share certificates of no baring cfl134566 on 15th feb 2019 by submitting all the required documents like police verification, address change proof with notralised, identification proof etc...
But till now no action was taken from your deprtment and saying that the certificates have been sent to the old address where no one o[censored]s are staying. By submitting all the required documents how will you dispatch to the old address..
As my age is not supporting me to come over there please resolve my issue and send me the duplicate certificates to the changed address which i already submitted to you

Respected sir,
I have a Demat account in your broking firm. many time I give a letter and document to close my Demat account . From your office I assure that my account will be close. Recently I got information from SEBI that my Demat account is not close. Please close my Demat a/c and inform me. Thanks
My details :-
-1. Name [removed]
-2. Pan no. [removed]
3. BO ID - [removed]
4. Email - [protected]@gmail.com

Dear sir,

Am holding a depository account with m/s karvy bearing dp id - in300394 client id 18714449.

The securities held in this demat account were debited to my id yesterday ie. 17th may 2019 without my permission. Since the holding are with nsdl you are requested to take immediate action in this regard to avoid any financial loss to the undersigned.

My pan for reference is : afzpb6043g
Cell no: [protected]

Your early action shall be highly appreciated

I am an ex employee of karvy stock broking my employee id 29938, i need reliving letter to join in the new organisation at vizag, please support me
Now i am located at vizianagaram and karvy located at hyderabad so it is very difficult to go directly i have tried to contact them on phone and mail but they are not responding i am trying from last one week but no one responding for my mail or calls so please help me in that if i doesn't...

Hi,

Need urgent hep in updating address on aadhaar card.
I requested to update address on aadhaar card and now status is showing as

"your request has been verified and awaiting approval."

Aadhaar card number —[protected]
Urn number — 0000/00574/69936

Requesting to please process this request as soon as possible as i applied for my renewal and i need aadhaar card for the same.

I called customer care many times and no one responds in a proper way.

Dear sir..

Iam shiva kumar from karvy employee department: operations, kinrep, from insurance, process.in gachibowli employee id: 1026655

So i have an issue from resignation system already iam doing notice period in 13 days on wards so yesterday my boss he ask you can leave today said me i will shock so iam asking sir so why sir any problem he said no you can go he sit and simply he said iam paying money to you wastley he incommodiously me so iam asking hr also he said you pay remaining 21 days period you pay recovery your money he said from hr..
So please accept my request
Thank you..

Regards
Shivakumar.
Department: kinrep
Insurance repository pvt ltd
Silinium building 2nd floor from gachibowli.
Employee id:1026655
Email id: bashapathni. [protected]@karvy.com

Dear karvy team, with respect to my folio number : dd0081360, i have request many time to plot no 31& 32, gachibowli office in written document request for redemption, but since a year i did not get any respond. Written document request sent via register post to karvy computershare pvt limited in hyderabad.

Kindly resolve the issue at the earliest. Please contact me on [protected].

As i could not see any of karvy customer care number are not working and idbi bank also helpless in this matter.

Sir i have get one demat account opened with karvy in feb 2019
The officials visited to our office for collection of documents and rs 1 lakh cheque
The account got opened and rs 1 lakh was credit
But till date i have not got my dis booklet
On asking it was told that it is chargable for rs 100 but on
http://www.dpbos.karvy.com/DPBOSMANUAL/DPDISNotice.aspx
It is clearly mentioned that at the time of opening of account this booklet is given to the applicant

Please look in to the matter and do the needful
Thanks and regards
Sanjay kumar
28508510

Sir,
My current sip is running in karvy in name of hdfc capital builder value
Fund with folio number is 14816637/48.
But i m unable to continue this sip so please stop and close this sip
And withdrawl the whole amount and transfer in to my saving account and i m also mail and contact many times to rajkot karvy dt 04.02.2019 nut no response from them
So please do needful.

Regards
Pravendra kadam
1033776

[protected]

Since last 1 week im daily giving payout request. But the payout request is not getting processed to my bank account, and the amount gets credited back to my karvy stock broking account in place of my bank account.
What kind of low standard services is karvy providing?
This is really frustrating and very unprofessional service.
My client code is a6000143