Karvy Complaints & Reviews

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

Respected
Sir/madam,
I the understated, was completely misguided and sold a traditional non-equity linked policy by one of your kolkata based executive.I shared with him all my personal financial requirements at that hour of need but he took it to his advantage and completely misled me in buying something that was not in the best of my interests. I trusted your reputed house but alas, was at the receiving end of a huge financial loss.I was even contacted over phone from some higher office and promised redressal but to no effect.
Please guide.
Dr.Anindansu basu
Orthopaedic Consultant
Fortis hospital
Kolkata

I had made a payout of rs 1843 on 3rd may morning time and i didn't got payout till now. I am trying to contact them but they are not replying. Even they charged too much brokerage after that they are not trustworthy. Fraud company fraud peoples. On 30 april i deposited 4000 amout for trail basis and i got a loss of rs 1630, rs 429 brokerage which is too much higher banknifty. Total 2059 amout was deducted after that i have 1943 in my demat account balance but they charged 100 rs for invalid reason which i don't know after that i had decided that i will never do trade on this platform and decided to withdraw my money and i made a withdrawal of 1843 on 3rd may between 9-10 am but till today i didnt received my money.

For folio no[protected], ril 16 shares under name of sudhirkumar lilabhai patel, i did not received any dividend since 1997.
While requesting address change, itbwas found signature mismatch.
So kindly advice me to process address change and signature change.
Regards
Sudhirkumar lilabhai patel
Folio no[protected]
Reliance inds ltd (16 nos. Shares)

I have tried to update my aadhar address using the uidai

Website. I am getting the following message:
Your request 0000/00573/22736 has been rejected due to : data mismatch in document and update request.

How ever the address in the document and the update request is

The same. Please resolve this as soon as possbile.
Please look into this and resolve this.

Documents sent thru Trackon Courier PVt LTd. Consignment numb [protected] courier done to Hyderabad address -Selenium tower B Plot 31 and 32
It was confirmed that the package was received on 23rd March 2019 at Karvy Hyderabad address.
Contents of package -Bank and PAN updation along with copy of PAN, Aadhaar, Pass book copy and cancelled cheque copy along with covering letter
I have made atleast 7 calls to Karvy but no one has any idea where the documents are.
Till my first 3 calls the inward of the documents was not even registered

Dear sir

We have sent signature updation request for ril shares from chandrapur (Maharashtra) on 31/1/2019 via maruti courier awb no[protected] for follio no[protected]. Till date we haven't, received any further communication about further process of our request.

Since last 2 days i am calling on your given no [protected] / 701 for n no of times (Around 20 times), most of the times both nos wad not attained, for 2 or 3 times they picked up bur even not bothered to listen. Seriously i dont know for what they are getting paid for.

2nd ly they are very arrogant in speaking. So kindly take appropriate actions on those persons ansd also let me know the status of my query.

Regards
[protected]

SBI 30 number of shares
Folio number:[protected]
Certificate number:[protected]
Distinctive number:- [protected]-8340
Submitted for the dematerialisation on 06/11/2018 at Karvy Cuttack Centre although rejected, ceritificate and cause of rejection has not yet been received by me till date inspite of repeated persuance
Please look into the matter.

I have requested for address update for my aadhar through aadhaar pin validation letter on 13th april 2019 and the urn generated for the request is: 0000/00571/16675 and 0000/00571/76679
For the aadhaar no.[protected]
For the last 6days the status is still showing as: "your request has been approved successfully" but till now aadhaar is not generated
Kindly provide an update on this request, as i urgently need my address updated in aadhar,

While opening demat/trading account bearing no.[protected]/ 269pu4425, i have submitted a cancelled cheque bearing sb account no.[protected] of axis bank (Earlier uti bank) but i am surprised to see in the warrant nos. 191203 and 187495 received as dividend on the shares of ongc against union bank of india instead of axis bank. So the warrant mentioned above could not be deposited into my account. For which i had to face unnecessary harassment/ correspondences.
In this connection i have submitted cancelled cheques twice in january, 2019 and march, 2019 having sb account no.[protected] of axis bank in your siliguri andpune branch respectively.
It appears that no action has so far been initiated to rectify the same and reasons for inability to carry out the rectification was also not intimated to me.
Is there any possibility to look into the matter seriously to from your side to sort out my problem mentioned above at the earliest under intimations to me.
With regards,
Kalyan ch dutta

Dear sir/madam
Please find attached herewith share certificate of reliance petrolium which i want to transfer in my demat account opened with icici bank with following details
Dp name - icici bank limited
Dp id - in303028
Client id[protected]
First holder - neela prasad
Pan no.- avapp4721c
Linked bank account no.[protected] of icici bank
Micr code[protected]
Please guide me on '"[protected]@gmail.com"
My contact no. [protected]

Regards
Neela prasad

Hi,
I am sachin naik, investor in karvy private wealth from 2015.. I have invested in c& c construction (Mohali junction project) and azure (The core mall, ghaziabad) investments. Below is the status of my investments so far...

1. Returns from investments in c&c is stopped (In 2017 end) and proceedings are happening via nclat route. I have no updates of what is happening in this front.

2. Azure investment returns also stopped from 2017 end and karvy asked me to upgrade it to new investment (In the core mall) by paying extra 4 lakh money. I was told it is pre-leased property investment (Reliance, fbar, embassy office space etc) and i will get 100% assured monthly rentals starting from january 2019. I waited for all of year 2018 without any returns as the clause was that rentals will start only from january 2019. I have got only 1 month rent payment so far and i am chasing my rm to find out when will i get other months money and what will happen to this investment in future etc.

I have mailed my rm, shantanu awasthi etc but they dont respond or pick my calls. I have watsapp and call recordings giving false promises of the money returns...

I feel like a beggar chasing you each time for my money invested based on your recommendations you and the least you can do is have proper followup's and updates to your clients...

You can contact me on my number - [protected] for more details... If i do not get updates of my investments i will have to explore legal routes etc...

Yesterday I have added rs 10900 in my demat ac as my ac was in debit state, I have mail regarding the same yesterday but my a/c still showing debit balance, now I have seen you people have squared off my BOB share at loss . Why so?? I have called customer care in the morning also but my portfolio share squared off automatically. Worst service by karvy

I hold 45 Shares of Reliance communication ventures limited obtained Folio No.[protected].
And I hold 09 Shares of Reliance communication ventures limited obtained Folio No.[protected]
May I Know the status of both the Folios as early as possible.
Waiting for prompt response Against said complaint
Hope you Look into the Matter and Do the Needful at Earliest.
Thanks
Your Investor
Madhavi Mahesh Karadkar

I am a corporate subsriber of NPS and i have chosen Karvy since this was the option inside my company, I contributed 50000 Rupees on their portal using the sbiepay as the payment gateway and money got deducted via the netbanking of yesbank and the sbiepay id was also generated but the money did not update the Karvy system and now no body is ready to take the responsibility. Karvy is saying its not with them and sbiepay is a ghost company i think, no replies to emails no social presence and no body picksup the phone. I have checked with my bank and they said payment gateway has received the money and money is released from their end and now I don't know what to do either to file a case or what. Karvy fintech should get this fixed and return my money because its lying with their payment gateway.

Abhishek

faridabad.[protected]@gmail.com

Karvy client id 3432355
Name parag singh raghav

I bought calls for eicher motors and punjab national bank in january 2019 for which my buying entry is visible in the account ledger but any other info about these calls like either sold not sold or if the calls are there at all or not are not shown at all. I have been running around the advisor mr deepak singh in karvy office ambala cantt since 1 and a half month about the same but i have been harassed and not taken seriously, my calls have not been answered by him and most of the times when i called he has returned with a massage "i'm in a meeting." i have all of his msgs and call logs saved too. But my prime concern is my money "where is it?" please revert asap with positive reply or else i will seek legal advice for further actions.

I don't received 09 bonus shares of reliance industries limited issued on 13th september 2017 against folio no.[protected]. So, i request you to transfer my unclaimed 09 bonus share of reliance industries limited to my demat account no.[protected] electronically.
Hope do the needful at earliest.
Thanking you,
Yours investor
Madhavi mahesh karadkar

I have tried updating my aadhaar address and has been rejected on multiple occasions saying "Invalid Documents". However, the document I have uploaded is in the list of valid documents.
The PoA i have submitted is the "Signed letter having photo issued by registered company on letterhead" which is listed in the valid documents for address update.
The most recent aadhaar address update URN is: 0000/00568/34196

As we all know, reliance industries limited declared bonus shares in ratio of 1:1 in september 2017. At that time i hold 80 shares in physical hard copy format. However i have still not received the bonus shares till date.

Recently i got those 80 ril shares dematerialized in my karvy demat account in march 2019, but i have still not received the bonus shares.

Request you to please help me in getting 80 bonus shares in my demat account.

This is to bring to everyone's attention on how unethical & clumsy Karvy Fintech has been with regard to its services towards its product: Deep Discount Bonds.

We had bought an IDBI Deep Discount bond (DDB0236868) in 1992 and wished to encash the same after it stood matured.(Rs1, 00, 000)

The initial pain came along, on reaching out to Executives at Karvy Fintech on confirming if they were in receipt of my documents with numerous emails from Karvy giving different answers.(Indian Consumer Complaint No: 2206084)

Eventually, We did receive a confirmation, that Karvy had received our documents and would take 30 days to process the same.

We waited for over a month and again sent a request to update us on our encash request and were completely appalled when they told us we would get only Rs.20000 against the promised sum of Rs.1, 00, 000.

When we inquired on why we wouldn't get our promised sum, (again wait for days for a proper response), we were told this specific type of bond has been closed and the bond holders were duly informed. The bonds are no longer supported by Karvy.

Here comes my grievance and concern:

1. I have not received any communication from Karvy regarding closure of my bond. Where is the communication? Share a proof.

2. If you knew about this concern, then why did you make us wait for 30 days to share this update ? Were you devising some answers/excuses, to avoid confronting clarifications.

You took my money, made a promise, and when it came to deliver, you haven't upheld your terms & conditions. This is unjust and is at par with a scam.

I caution my other fellow Indians, to please be wary of such financial services and take note of this ordeal, I have been through.

At Karvy, I won't request but demand an explanation.