Karvy Complaints & Reviews

On 30/01/2008 an amount Rs1000/- was deposited at Karvy, Jorhat Branch for Mutual Fund investment at Reliance Diversified Power Sector Fund (Growth scheme). At that time, third party chaque was accepted by Fund House. Against my amount, a chaque was issued (Chaque No 739267 which belongs to Mr. Utpal Changmai, A/C No 114642 o[censored]CO Bank, A. T. Road, Jorhat) amount Rs10000/- to purchase that particular fund. An account statement dated 31/01/2008 also issued against my investment for Folio Number [protected]. After 6 years, when I go to close my folio, I came to know that chaque which was deposited against my investment become rejected due to insufficient fund on that account. I informed and e-mailed, details about my case to Utpal Changmai (Mobile No +91-[protected]) who is an employee of Karvy, Jorhat, but still he not returned my invested amount.

Hi Team, I made a fund transfer of INR 20000 in my karvy account on 17th November which is still not credited in my ledger account and despite my multiple mails to '[protected]@karvy.com' and '[protected]@karvy.com' no one is responding to solve the issue. For my second point on, delayed payment charges, Karvy is charging me for T+2 delayed payment charges without any intimation or consent from me on any such agreement. Till date, I haven’t been informed of any such communication that on T+2 I will be charged delayed payment charges. Moreover, your online portfolio system doesn't reflect the current picture of my holdings (I have given multiple calls to your call center about this issue and always have been informed that your online portfolio has technical issue and it is not showing the actual holdings). With no communication on what is happening to my stocks, deficit funds and T+2 charges; how do you expect me to be paying these charges to you? Can you please look into the issue and give me a resolution at the earliest? Client ID 10010319

I bought 20 shares of a company through KSBL..Though i sent a cheque on the day of transaction, the Courier was delivered on the EIGHTH day. When the cheque was received by them, i was informed that they shall not present the cheque to my bank, as ECS mandate has been given to another bank, at the time of opening the Demat account 10 years ago. Immediately, i withdrew the amount from my bank and deposited at INDIAN BANK as ECS mandate was given and sent a cheque once again. Next day, i got an acknowledgement for receipt of the second cheque. When i was waiting for the unpresented cheque to be received by me, i received a message that Rs.343/= has been levied on my SB account for not having sufficient funds. This act is actually a double game by the staff, but i was informed that the office-boy has deposited the cheque, BY MISTAKE. Now, i have to be paid this unnecessary penalty, by Karvy because it is out and out their mistake! Hope, Karvy would be honest enough to pay back the money. T.Rengarajan.

Hi, without intimation, my gold has been auctioned which was pledge for low amount. The staff is not responding answer properly for me. I need to withdraw the Gold or need a cashback.

Respected Sir , I have applied for shares of petronet LNG in 2005 in new issue Company had sent me partial refund, for the balance amount they allotted me 200 shares but not sent in my Demat Account till today. I have got all the mails in which they agreed the allotment of shares.

It's been 50 days I applied for PAN CARD through Karvy Consultants, Banjara Hills, Hyderabad. PAN ack. no. [protected], Kalyan Gurramkonda. The PAN card is still not received.We are in urgent need of the PAN card. So please send it immediately.

CLIENT ID 18038858

My Name is Aarti Agrawal,
I applied to open the account in KARVY STOCK BROKING in 2009 almost. but due to some personal reason I applied them not to open the account and return back the my documents but their said ok mam not an issue we not opening ur account. after almost 6 year i come to know that their opened the account in my name and even not informed me for that so that i applied for closure. when I come to know about all this i called them and talk MR. SAI RAM ([protected]) & Mr DEEPAK ([protected]) many time that why u guys open my account when i refuse and their said mam we not open it ok, then i said send me closer form so that i closed it bcoz i don't want any problem in future and any unnecessary charges for it. their said ok we mailed u but after then their not mailing me the form as well as not receiving the my phone its really very shame full that we guys in INDIA not able to get justice very easily .

I hope u guys will able to shot out my problem

Dear Sir/Madam, My father expired last year on 23.08.2014, and had nominated my mother as nominee, on 21.11.2014, my mother opened new demat account & had submitted all the relevant documents including my father's original death certificate. I was following up till date (06/10/2015), nobody answered about the status, but surprising I received another email asking to resubmit the documents. Branch office were rude & didn't provide any status, head office (in Hyderabad) were even more rude, didn't provided any reasons for the delay other than in the name of procedures. My mother is aged & cannot run-around in these hazzles, and even suggested the head-office to have friendly policies. But they are not at all bothered to provide any services other than their business interests. Kindly let me know how to speed up & make them to follow what consumer is needed when compared to their service & tracking lapses. Awaiting for the response, Sincerely, Narendra (+91-[protected])

Dear Team, I have made my aadhar card from Karvy Sadar Bazaar branch, Muzaffarnagar. I visited same branch for correction of my mobile number and date of birth but karvy official asked me to pay Rs 50 for details updation. When I asked for charges receipt he said no receipt will be given for this. I complaint the issue to branch manager Mr Ashutosh Sharma but he also said that you have to pay the amount and no receipt will be given for this. I contacted Aadhar Card customer care to confirm the charges but they said no charges applicable for details updation. This Karvy branch is charging irrelevant charges from customer without providing any receipt which is impacting company's image badly. Pls look into the issue and take necessary action. Regards Gaurav Garg Muzaffarnagar 91-[protected]

Hi this is punith, i raised a complaint against the company karvy computershare pvt ltd from two weeks back that they have not paid the salary and after that i got mail from hr dept that i was absconding this that and all but when i sent the proof of my resignation screenshot which i have resigned on week before itself, they asked me to come to the office to talk regarding this and they give me 10 days of time it will sought it out but now its already twelve days is completed there is no call or no msg nothing anyway i know they wont pay, so what i want to tell is those who are working karvy computershare pvt ltd before you apply the resignation please think about your salary how to get and apply which means after taking the salary you apply for the resignation the next day. thank you.

After raising the complaint in consumer website i got a mail from karvy hr manager pradeepta sahoo in hyderabad, before checking my status he was telling that i was absonding, after when i sent some documets he realised that i gave a intimation to the managers and i applied for the resignation and they have not approved and i waited till 4 to 5 days and still they dint approve and also my salary was not paid like this the conversation went on with me and pradeepta sahoo and he said meet the hr j shridhar in bangalore your problem might be solved, with some hope i went and met the hr manager j shridahar and he also was telling the same old story and at last he asked me to wait for 10 to 15 days but he cant promise its hims. anyway i will wait and see for 10 to 15 days and i will see the update what happens.

Client id[protected] Trading a/c -462879 I had ref a/c which is lying inoperable single as i haven't done any trading . I req for closure and submitted closure form at ur Gwalior off on 22nd july 2015. After repeated requests my a/c is not closed and I'm not getting my refund of amt deposited

Karvy client id is 404853 I m holding an account in karvy.but the brokerage charge has been increased suddenly .when i saw brokerage charges iam shocked previously my brokerage charge of delivery is 0.28p but now it has raised to 4 RUPEES and it has no fixed rate for the buying of share.please look into the matter and same as in intraday.i have losses too much in shares as well as by your brokerage.kindly decrease your brokerage rate or else i would have to switch to other company.please look to the matter and solve as soon as possible.. i have attached a file of change in brokerag(i.e low to high charge).I have complain of this matter to bhopal branch and sagar branch.but they have assured of the steps to be taken but they have looked the matter and not taken any steps to solve the issue.kindly solve this issue. mob: (kindly call and discuss the issue) id no-404853

My name is punith kumar mk and i was working in karvy computer share ltd as a team leader, and because of some personal problems i was planning to leave the company and i also informed to the hr and reporting manager also, and applied the resignation form in hr portal and they asked me to wait for one week for approval but it never came and after that my salary also made hold they did not pay because they asked me serve for two months notice period i was not able to do so, but one of my coleague even he also left the company without serving the notice period but they paid to him, his name is srikanth but not paid for me and without taking my one month salary l left the company I hate karvy computershare.

To Whomsoever It May Concern Respected Sir/Madam, I am having an Trading Account with Karvy Stock Broking Ltd. with Account No.: 116 2548 in Surat Branch.This is my Registered email Id with Karvy Sroclk Broking Limited. This is second Complaint against This Broking House within a week. I have deposited Cheque in my account worth Rs. 90, 000/-, cheque number :500503 of The Mehsana Co.Op Bank Ltd.on dated[protected]. My fund is deducted on[protected] from my mapped account with company.And It shows Zero (0) balance on today[protected] in my trading account. Due to this, I have to suffer huge loss and facing Limit problem daily. I made an Inquiry about it but no body is giving me proper reply from Surat Branch amd From Hyderabad Head Branch. Please suggest me what should i do in this case and take proper steps regarding the same. Thank you, Gopal Bachubhai Balar, [protected] Surat, Gujarat.

I have bought DHYANA FINSTOCK on 27 & 28 july 2015 amount has been deducted from my account but does not displaying in my holding . Since then I am contacting Karvy branch office at Shimla but they unable to answer . From the day of my purchase the said stock is hitting lower circuuit, which is a manupulation by operators . The SEBI should take immidiate step against the company and operators . Also it has come to the notice that transactions for the date 27 & 28 july were not executed as per SEBI guidlines as some of the formalities of execution of order are not compleated till the date . So act against the company and operators . This is what the complaint is ...

Ai have 34 share unit of reliance industries limitedcompany folio no[protected] but till date no dividend received to me it is requested that please send previous years up to date dividend amoun if any infomation required then clarify on mobile no[protected] shareholder name inderjeet kaur house 1535 ranjit nagar kharar punjab 140301 email: - [protected]@gmail.com.

I have demat & trading accounts in Karvy with client IDs A31000191 & A31000192. Over the last month or so I got SMSs & emails of so many transactions in my account & when I tried to know my ledger the branch officials tried to postpone and always kept some stocks pending at the end of the day, so I never know actual ledger but when I came to know about actual ledger in my accounts (30% of original amount) I requested for payout but still they kept on trading without my permission, so I had to contact main Hyderabad branch to arrange for payout and this type o[censored]nauthorized activity. They have arranged for payout but it is now 20% of my original account. I did inform Head office about this about 48 hours ago but they have not even replied to my complaint.

Sir,
I have not received the dividend, bearing client id[protected] and warrant no -0938145, for the year[protected] in favor of Nirmala singh, Sridhar niwas, Maharaje, Road no-2, Muzaffarpur, Bihar, 842001 with JT1 as Anil kumar singh.
Please look into the matter and kindly issue the same.

I visited yesterday 17.07.2015 at 4PM the carvy center having address Commerce Towers, 2nd Floor, 202, Beside Mahabir Towers, Main Road, Ranchi, Jharkhand [protected]. Here I had to enroll my daughter for adhar card. I had filled the form, the enrollment center incharge after verifying the filled form & documents, had sent us to the staff responsible for capturing the fingers print and others. This person named Ratan refused to do any thing. He sat at that time idly. It was around 4:20 PM. The center incharge also had requested him to do the capture work. But inspite of doing the work he behaved rudely with us and told that he was not going to work any thing and he had no fear of what I would made complain about his behaviour to his incharge or any authority. I saw that he was supported by other staffs also present at that time there. This have hurt me very much. The main purpose of what I am reporting this to you is that this type of behaviour discourage the normal people to move to avail the government efforts. And since adhar card becomes the necessity of time, they can easily trapped by the Dallals networks. So, I earnestly request you to enquire this incidence. I have the copy of the documents verified by the center incharge. This campus is facilited by CCTV Camera in which whole incidence is surely captured. Your action must spread the message in favour of society. With regards Raj mohan Mobile no - [protected]