Karvy Complaints & Reviews

We are informed you that, I am Ajay Kumar malhotra R/off House No.1784, urban estate road, Ludhiana (Pb). Sir matter is this, last year I was taken a loan from karvy financial services pvt.ltd. With sectioned loan amount rupees-65, 65, 000/-.
Sir the rate of interest of bank was very high, (approx. @13%). So that now I was decided to pay all my dues to bank. But sir last month bank was send me a foreclosure letter with unnecessary foreclosure charges. This foreclosure penalties charges are very high rate approx. @5%. Sir I have also a section letter of this bank, which is declared from bank that clearly, this is a personal loan and not a business loan.And sir, I have more clarified evidences such as like that, which is stated that the loan is only on personal loan. And sir, we are also known as very well “Any bank cannot take any such of penalties or for closer charges on personal loan accountSir, we are send emails on karvy customer care to several times to regarding this matter. But bank does not give us any response for this matter. And now we are totally in trouble. So that, now we are filling complaint to you regarding this bank behavior. Sir kindly helps us in this matter and as well as such advise too. So that I am paying all my dues to karvy financial services private limited without pay any fore-closer charges.
Sir, I am sending you to all evidence of personal loan like, bank sectioned letter, repayment schedule of bank, and letter which was send by us to bank several times.
Thanks.
Mr.Ajay Kumar Malhotra.

I sold 10 wipro shares in wipro buy back offer online through icicidirect.com. These shares has been accepted by the company on 08-july-1016.

I have not received the payment of these shares yet.
I contacted icicidirect customer care and they replied saying i need to contact registrar at karvy. I have been trying to contact karvy computershare pvt. Ltd but didn't get connected.

Requesting help in realizing payment (Rs. 6250/-) for 10 wipro shares i sold in buyback offer.

Details for reference :
Folio : in[protected]
Slno : 20894
Ref no: [protected]

Hope to hear from you soon.

This is regarding my kyc application for pan card number arqpn5851k, which was submitted on july 3rd. It is yet to be approved and is shown as "under process - new kyc" since 06 august.

Kindly let me know how many more days it would take to complete the process since it has already been over two months that i am waiting for kyc approval of my pan card.

In Continuation of the mail sent on 22.09.16 with regard to the above matter, kindly find here with the following corrigendum:-
CORRIGENDUM-
1)Client Name to be read as' Pankaj Mazumdar' instead of 'Panka Mazumdar' as stated earlier.
2)E.Mail.Id of client to be read as '[protected]@gmail.com' instead of '[protected]@gmail.com' as stated earlier.
The inconvenience caused owing to the erroneous mistake made earlier is regretted.Rest of the subject matter stated in the earlier complaint remains the same.
With regards,
Pankaj Mazumdar
Dated:23/09/16.
E.Mail.Id:[protected]@gmail.com

I had purchased 4(four)nos. of infrastructure bonds as above for Rs 20, 000/ in Feb, [protected]@Rs5, 000/- per Bond from Sambalpur, Orissa, the buyback date being 22-02-16 vide RL No. 391179-B, Ref.No. 763332, Application No.25089016.My DP ID is IN 300214.
The buyback amount per Bond being Rs.7, 350/-, the redemption value of the bonds
works out to Rs.29, 400/as on 22.02.16.As per Karvy's norms and guidelines, since bonds were held in Demat form, these bonds should have been automatically redeemed and money credited in investor's account.Since a cancelled cheque No. 355296 of SBI was in place, it is not understood why this practise was not followed.Please note that I had vacated the quarter in March'13 on retirement.Hence the cheque was undelivered and returned back.
Between March 17-April 2, 2016 updations of my new address, contact number and Bank modifications were done by my D.P. Again a cancelled cheque(cheque No.629696 of SBI)was sent through my DP on 31.03.16 as suggested.
Then I have also complied through mail on 23.08.16 by sending CML details, PAN Card copy, IDFC Bond copy, etc, as desired by Karvy, yet the last mail received from Karvy on 19.09.16 states it would take another 20-25 days for validation.There seems to be no end in sight to the problem.
The case is pending since seven months.I am losing [protected]@8% p.a.I am a Senior Citizen and do feel harassed.
I too have some important outstation work, personal and domestic both. Hence the redemption amount may please be sent through NEFT and credited to my Savings Bank A/C as per detailsin my mail sent on 23.08.16, duly supported by cancelled cheques sent twice earlier.
Expect an early reply in confirmation from you soon in this regard.
With regards
Panka Mazumdar
Dated:22/09/16
E.Mail Id:[protected]@gmail.com

Want to redeem units of folio No.[protected].Accordingly request sent through mail (investor.[protected]@fidelity.co.in) but every time got message failure.
Since you are broker in the said fund hence arrange to do the needful at the earliest. These units were of amount of Rs.15000/- each in the name of Prateek Arora and broker was Karvy Stock Broking Ltd.

Hi,

Emp ID - 64704

Name- Manoj Yadav

Joining date -01/Feb/2016

Leaving date -08/july-2016



Actually I have already completed 60 days but I have not received (FNF Amount ) so please conformation which date I have received this amount …many time inform to 'Karvy Data Management Services Limited' Noida HR archana yadav & hr head Indu singh but no response HR side





Thanks & Regards,

____________________________

Manoj yadav

M +91 [protected]

[protected]@ gmail.com

Karvy share trading company put my shares – Bharat Financials 10 shares, Icici bank 10 shares, Goa Carbon 100 shares in the Auction market. But friends note down I have sold them from my Dp balance which was showing in my DP Balance of shares. I have not sold them as short sell or any other option. I have done it from my TAB. But after a day they sold them to auction market and make a loss of money. Can any body tell me how can I fight with them for this technical problem of their server and their bogus system ? from
ASHOK KR KAR, [protected] / [protected]. [protected]@gmail.com

From: Rajesh Menon
Date: Mon, Aug 29, 2016 at 4:02 PM
Subject: Re: Karvy.com-Feedback
To: rajkiran.[protected]@karvy.com
Cc: sagaimary.[protected]@karvy.com

Hai Rajkiran..

We are Still waiting for your reply..

Please note at least w.e are definitely eligible for a reply

Thanks & Regards,

Divakara Menon.P

On Mon, Aug 8, 2016 at 11:23 AM, Rajesh Menon wrote:
Hai Rajkiran..

We are Still waiting for your reply..

Thanks & Regards,

Divakara Menon.P.

On Wed, Aug 3, 2016 at 11:14 AM, Rajesh Menon wrote:
Hai Rajkiran..

Hope you are doing well..

As advised by you we have sent a registered post with all the documents required by you on 12.07.2016

Almost 20 days ...But till date we have not heard from you.

Please note we are already at a huge Loss as i was expecting to receive one lac as Promised by IDBI and your delay in response is mounting my agony

Kindly make sure i get an early response and the amount is credited to my Account.

Thanks & Regards,

Divakara Menon.P.

On Sat, Jul 2, 2016 at 11:29 AM, wrote:
Dear Sir,

Good Morning ! ! !

Greetings of the day ! ! !

Folio no. FL01- DDB0055157
Holder name. DIVAKARA MENON PULLANGODE

Apropos to your appended e-mail and subject matter, would like to bring to your notice that the below said bond certificate was purchased by you in the yr 1992. In this connection, IDBI invited a call option to all investors by exercising its option to redeem the bonds & further it is also communicated through letters and print media also in the yr 2002. At the time of call option the redemption amount was 12000/- against the investment of Rs.2700 for each bond. Now, present redemption value including interest ( i.e savings bank interest only) will be around Rs. 19000/- plus per each bond.

On scrutiny of your appended mail and our records against the said folio no we would like to inform you that the bond is not yet processed. To process the bond below mentioned documents are required.

1.Origianl bond certificate duly signed by holder on the reverse of the certificate by affixing a revenue stamp.

2.Copy of PAN Card with self attestation

3.Form 15G if applicable(Kindly Fill “FORM15G” Complete without blank )

4. Address details with proof duly attested.

5. Bank details with proof duly attested/Cancelled cheque leaf (Should be Indian account).

6. Bank attestation for signature verification.

7. If change of name is happens then we required A Gazette Copy duly attested / copy of Marriage certificate with details of Old Name & Changed Name duly attested.

Kindly send us the above mentioned documents to enable us to start processing the same from our end.

The above documents sent to the following address;

KARVY COMPUTER SHARE PVT.LTD

UNIT.IDBI BONDS DEPT

KARVY SELENIUM TOWER B,

PLOT 31-32, GACHIBOWLI,

FINANCIAL DISTRICT,

NANAKRAMGUDA,

HYDERABAD-500032

@-mail id: einward.[protected]@karvy.com.

Thanks & Regards...?
K.Raj Kiran
IRO| Corporate Registry | Karvy Computershare Pvt. Ltd, Karvy Selenium Tower B.
Plot 31-32 | Nanakramguda| Gachibowli | Hyderabad 500 032 | India
P : +[protected]/67161601
rajkiran.[protected]@karvy.com| www.karvycomputershare.com
Ideate | Innovate | Integrate
"Difficulties in life are intended to make us better not bitter."
From: p.rajesh.[protected]@gmail.com [mailto:p.rajesh.[protected]@gmail.com]
Sent: Saturday, June 18, 2016 11:42 AM
To: Vijaya Lakshmi Tammishetty
Cc: Shabna R Iyer; Sudha Adika
Subject: Karvy.com-Feedback

Feedback Type:
bondRedemptionStatus -
Name :
DIVAKARA MENON PULLANGODE
Email :
p.rajesh.[protected]@gmail.com
Mobile :
[protected]
Location :
Chennai
Services :
bondRedemptionStatus
Company Name :
DIVAKARA MENON PULLANGODE
Folio No :
DDB0055157
Certificate No :
[protected]
PAN No :
BKNPD5886P
Comment :
I had bought IDBI Flexi Bonds during 1992 with a maturity period after 25 years which would be due i believe in the month of August September 2016 vide Application Number B6324928 and my Registered Registered folio number is [protected] and my Bond number is[protected] Since Iam currently retired and no longer live in the old address Ward No 23 House No 291 Karvanpet Adoni kurnool Dist Andhra Pradesh 518301 I would like to know how to redeem my Bonds what are the documents you require while redeeming my bonds what is the time line for submitting my documents and can i submit my current address id proof documents via Post or directly to IDBI Please clarify the same ASAP

Dear sir,

we had applied for dhfl ncd bond on 3rd august for two name:

1 ) hitendra kantilal shah ... Application number[protected]
2 ) falguni hitendra shah .. Applicationnumber[protected]

both ruppes ten lakh each...

Our both application has not alloted any ncd.

On inquiry we understood that by mistake bank account number for us interchanged...

We have still not received our refund.

We visited three time your office at ahmedabad but they are not replying properly nor they acknowledge our complaint..

Finaly they gave us attached tracking number as per their system that refund sent on 18 aug but your office are not able to give us tracing number for post / courier detail

what to do? where to complaint?

please undestand that rs 20 lacs cheque after sending post for more then 10 days not receipt nor any tracking is causing heavy loss to us.

Please understand us and help

regards

hitendra kantilal shah
falguni hitendra shah

mobile number[protected]
email id - [protected]@gmail.Com

encl :

application xerox copy both with cheque
client master of both ( monarch networth )
tracking detail received from u both

cc - sebi

Hi, i am sagar, emp id - 64680.

I have resigned karvy in may, 31st of may is my last working day.
But still my fnf pending and there is no confirmation from anyone.

I will call many times to archna and avinash also but i will not received any satisfied feedback from they.
As per my knowledge we have to wait 45 days after resigned for the fnf.
I have already mailed to 'indu. [protected]@karvy.com' but i don't received any reply from her.
Please took at this matter and take a valid action as soon as possible.
There are many employees facing same issue.

Thanks & regards
Sagar
Emp id - 64680

Sir/madam
I am a member of karvy (Dp id no. In3000394) and trading acount no. Akr 36, since last 20 year at bharuch (Gujarat), i have a holding a different share of rs. Aprox 16.00 lack.

Last 3 to 4 year i am not operate my account. I want some money immediate by sale of some share. I contact bharuch karvy for same. They advise me to submit kyc, i submit and signed all required document at karvy bharuch. They assurance me that this will take a week time,

But after almost 1.5 month, till date i am not sale my share.

I feel unnecessary harassment by karvy, i am not understand who play with me.
Local karvy management say that hyderabad office not cleared kyc.

I am very surprised that country is going to digital india, and how karvy is operate customers.

Kindly take necessary action and give me immediate information about clearance of kyc.

Prakash rana
[protected]
Dp id no. In3000394

I had invested Rs.10 Lacs in the NCDs of Shubhi Agro Dairy products through Karvy wealth, last 3 quarters they have not paid the interest and also the NCDs were due for redemption last 3 quarters ... I am facing lot of issues with Karvy Wealth as they don't respond... they charges 3 % fees and gave assurance that they take 2.5 times of the security... but all is fake. They are hand in gloves with the borrower organization and cheat the investors of their hard earned money. All my financial plans are gone for toss... I am in high stress as I need to support my children for higher education abroad and my money is locked with no promise from Karvy Wealth. The RMs of Karvy Wealth are very dubious and hide the information or they are least bothered of the customers. Once the product is sold they go in don't care condition after they get the 3% fees on Rs.10 Lac investment (min. ticket size).

My clint i d 15256129 trading account no 404493 showing 77 share of allahabad bank in place of 442. My account is managed by karvy. I complained several time but no one is taking care, karvy officer in sagar branch told me, it is a small amount and you have to forget this, and said the person who had dealed your acount, has resigned from job., there is no response till now. So please know me how can i recover my money. It is a serious fraud. No trading done by me nither any balance came in my acount, so please help in resolving my issue. Thanks

I had written to the chairman C Parthararathy of Karvy everything much in detail, on 10 August 16 without my authorization they sold my several scrips shares, immediately when I called the Country manager Rajeev singh informed him of the same, he purchased back the share, but for several scrips they had debited my ledger account, they had cheated me not for the first time but second time. They should be penalized and pay me full loss with compensation.
Several emails had been written to the chairman on his email I'd that is [protected]@karvy.com the extract of one of the email is appended below.

I wrote you yesterday in various mails and retaliate of the following. I await for your positive reply or else I have no option left to put written complaint to various organizations and to initiate legal proceedings against you.

1. I had sold today adequate scrips to clear the outstanding amount.

2. You have to pay me app rs 30k, kindly deposit this amount in my account and we say good bye.

3. Certain amount of cheating had been done with me and if the matter is not resolved this documentary evidence will be produced by me in the court of law if legal action is initiated by me. I will claim fir various damages under consumer law.
4. The amount of mental torture, disturbance, mental agony that has been created by your organization is endless.

5.Before my complaint becomes critical and concern for you it is in your own interest how you want to get this closed.

5.I do not wish to discuss any thing with any of your staff as with those i had delt with, unfortunately are not worthy enough to under stand customers view point.
6. it is quite shameful for your organization that it lacks in professionalism, customer care, and has no understanding within r he organization to save customer from financial loss, the rigid attitude had duped several organization, it is up to you how seriously you take customer true and very genuine feed back.

6.I find the officers working under you have no basic professional sense and are solely responsible for not training the staff and creating such situation were customer is forced to initiate legal proceedings.

Sir
Heavy trading has been done in my trading account no 576815 opened at your jammu branch and loss of about rs 105000/ incurred by you in three trading without my knowledge which is as under as shown in my statement;
1.[protected]
- bharat forge 86842.70-38076=48766.70
- l&t 170.00
- century plyboard 224.00
- nmdc 501.86
- axis bank 632.00
- charges 1760.00
Total 52054.56
Profit indian bank 5211.25
Net loss 46843.31
[protected]
— sintex 800.00
— bombay burmah 5014.90
— muthoot fin 63029.88-18648.10 44381.78
— mcx 4199.75
Total 54396.43
-profit bayer & inf 77.63+630 707.63
Net loss 54688.80

Total loss 101532.11

Loss incurred on[protected] is not shown in my profit & loss statement, it can be seen by you as it has been incurred by trading by your office.

You are requested to credit this amount in my trading account as early as possible.

Yours sincerly
Suman bala gupta
Client id 576815
130-a sainik colony
Jammu

Ac no 585447 is in karvy hubli clubroad branch, i opened new account f52700041 in sirsi. And closed old account, but it is blocked, i tried to solve this problem from about 6 months, but not susceed. Persons in that office said that they are helpless. Sintex 50 shares is in that account, please sell, and give me my amount or transfer that amount to new account f52700041

I have purchased four (4) no. Of bond, total amount rs.20000/- (Rs.5000 per bond) on 30 th. March 2011. From your kolkata office, but unfortunately after the date of buyback e. I. 31st. March 2016 you have paid only the face value that is rs 20, 000/- only. As per your certificate you have to pay rs. 7435/- per bond total rs. 29740/-. I have already gave letter to your kolkata office about two months back but no reply till today. Will you please pay me the balance amount at an earliest. Rl no.16612, refno. 1465767, beneficiary account no. / ledger folio no.-idcoo16612. I have got three nos. Of interest in three years rs.1650 per year on total amount rs.20000.

I have purchased idfc bond in 2011 and matuarity date is 22 feb2016 but till date i have not received due amount. I requested to send my amount to my account via neft in icici a/c no[protected] at mathura since march. As per direction received on email, ihave send cancelled cheque and request letter to karvy office via registered post ru[protected]in on 18.06.2016. But karvy office not respond me anyway and i have loss of min 8% interest. Still i did not received my due payment.

I sold 70 wipro shares in wipro buy back offer. These shares has been accepted by the company on 08-july-1016 (Acceptence confirmation is in attachment).

I have not received the payment of these shares yet. I have tried to contact karvy computershare pvt. Ltd but didn't get any satisfactory response.

Please initiate trace about where my payment has gone.

Hope to hear from you soon.

Rajiv sood
[protected]
[protected]@gmail.com


Thanks and regards