Karvy Complaints & Reviews

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

I shruti mithal residing at meerut (U. P) am a long term investor, i had a demat and trading account with you, trading a/c no.3661347. A new manager mr. Chauhan has been appointed by you for this branch is doing unethical practice for sake of his own motive. As earlier, i mentioned i never opt for any option trading but with the help of mr. Ramakant an another employee of yours, they traped, misguide, betrayed me and owing to that i had a loss of about rs.30, 000/- in the month of april 2016, thru option trading.
The purpose of this complaint is plz check it carefully as it effects the goodwill of the company. As i also switch my account from your co. To stock holding owing to wrong practice of your employees. Kindly let me know, is there any possibility to recover my loss.

To,
Karvy finance ltd.


Dear sir/madam,

Greetings from dr. Arshad sayed,
This mail is regarding complaint that i had purchased 4 idfc infra bonds in 2012 with portfolio no - idf 0131616, but did not get my bonds yet. Could you please do the needful in sending the soft copy of it to my email as well the original bonds to my address below.
I am enclosing the details of my application as an attachment.

Application number 17892974.
Folio no - idf 0131616
Date of purchase: march 2012.


My address.

Dr arshad sayed,
C/o, mr. Tanwir sayed,
Prestige bella vista apartments,
Flat no tower-20-c, door -20019,
Mount poonamallee road,
Kattupakkam, porur, chennai - 600056
Tamilnadu, india.

Mob no - [protected]
[protected]

Thanks a lot for your consideration,
With regards,
Dr arshad sayed.

Idfc long term infrastructure bond certificate – trance-1.
1. please refer folio no ida0442869 in respect of col sanjay kapoor.
2. i had dispatched following documents on 07 oct 2015 to the company :-.
(a) original idfc long term infrastructure bond certificate – trance-1.
(b) consent form for buyback.
3. the due date for payment of rs 28720/- was 13 nov 2015 but the requisite amount has not been received till date.
4. the bank details are as under :-
(a) bank : punjab national bank
(b) acct no : [protected]
(c) ifsc code : punb 0497500
(d) mob no : [protected]
(e) regd email id : [protected]@rediffmail.com
(f) permt address : 3 vinobha bhave marg,
Rest camp
Opp nirankari bhawan
Dehradun - 248001
(g) present address : col sanjay kapoor
Chq
Selection centre east
Cariappa road
New cantt
Allahabad (up)
5. no reply has been recieved inspite of repeated reminders.

Name-surendra
Adress:- 5/6, alankar building, bassetypet, b. v. k iyengar road cross, bangalore-560053.
Folio no-[protected]
Scheme - equity fund dividend pay out
Ph[protected]/[protected]
On 18th we have submitted bank registration detail, at uti financeial service center, m. g road, bangalore[protected]. but they are rejected stating that signature is mimatch on application. sir, this is only for bank account information along wiht application original cheques, pan card xerox and original uti dividend advice, evn they are rejected to asking to come personally. sir, this is a digital india, e-governarce time why your branch insist personally. i can do everything through online

My college start bio-vertication a lot of times fingerprint faillreject.. I am apporach aadhaar centre re-vertifacation for bio-mertric let not updated my aadhaar card & bio-mertric fingerprint let as soon possible updated them...
This is my update request no:-2017/78029/01697 date:23/06/2016 12:14:31
Name: lingala ravi shanker reddy
Aadhaar card no:[protected]
I have update date:23/06/2016
Please as soon possible updated me...

I am ashish maithani. I am purchase ansal fd for chowk branch lucknow rs 25000. Sir, i submited my ansal fdr no.-87864 last year. But sir i recive money. I ask many times in lucknow branch for my money. But they said june . But i am not recive my money. Plesae sir help me . My finacncial condition is not good.
Thank
ashish
[protected]

Dear sir,
I am a senior citizen (67) and one of fitly senior neurologist of india, investing in dsp mutual fund tax saver scheme and required to upgrade/ making a new kyc certificate from karvy. i did report to karvy office in sector 17, chandigarh and i was dealt by mr sujjan bagga.
His behavior was rude, non-courteous and he refused to accept my original adahr card and after making lame excuses and holding me for more than half hour accepted my application.
This is not done; where are we, all at the cost of my waiting patient. we need to be soft, helping and do the right things at least. please look into it and take due action, so that such incidence are not repeated.

Dear sir,

This is with reference to the arn - 45673 of late mr prakash bajaj, i am bhawna menghani, wife of late mr prakash bajaj, who was the mutual fund distributor.

After my husband demise, mrs rani bajaj, (mr prakash’s mother) has become the distributor and i have not been informed about this moreover, she is getting the commission transferred to her account without my knowledge.

I have full right to know, how mrs rani bajaj, has become the distributor without my knowledge and getting commission transferred to her account, as i am one of the legal heirs of late mr prakash bajaj and i have 50% share in all the assets of my late husband.

I may bring it to your notice that a succession case is going on with the honourable supreme court (new delhi) for succession certificate and i would request you to cancel her distributorship. till the judgement no payment should be made to her or transferred, as it is against the law when a case is going on in the court, she cannot get/take any benefits without the court permission/knowledge and on the plea of nomination.

Moreover, i have mailed many times to your customer support department and to ms anita oggu, backened executive for mutual funds brokerage, her email is also mentioned for your reference, anitha. [protected]@karvy.com but she says as she is the nominee we are transferring the commission to her.

Kindly take action on the same and cancel/stop her distributorship/commission

Kindly acknowledge and confirm the cancellation of her (mrs rani bajaj) distributorship.

Looking forward to your prompt action.

Kind regards
Bhawna menghani

Some shares from the DMAT account no. 15656387 trading account no. 340126 have been sold by the broker of your company without my permission after using fake email id and mobile no. in my name the amount of fraud is around 1, 50, 000(approx.) .