Karvy Complaints & Reviews

Hi,

I have applied for IDFC Infrastructure bond in october 2010 (Application Number[protected] and can see its allotment on karvy website but still havnt received the physical copy of the same

I tried contacting them many times by phone an n numbers of email([protected]@karvy.com) but all in vain.
Could you please look into it

I am receiving bulk SMS daily in the name of TA-KARVY,BA-KARVY and TA-KARVYMDU..My number is [protected].Please help me in stopping this SMS

I HAD OPEN THE DMAT ACCOUNT NO[protected] WITH KARVY LAST YEAR BUT TILL DATE NEITHER ANY SOFTWARE HAS BEEN INSTALLED IN MY COMPUTER AS PER THEIR SAYING, NOR I HAVE BEN ABLE TO OPERATE MY ACCOUNT. I HAD MADE TELEPHONIC CALL TO THEIR OFFICE AT CHANDIGARH SEVERAL TIMES BUT BEARING NO RESULT.
NOW THEIR ASSISTANT MANAGER - DEBTORS MANAGEMENT HAS SENT ME A LETTER DEMANDING RS. 2,360/- WHAT IS THIS FOR NOT EXPLAINED.
THIS IS REALLY A FRAUD ACT, AXTORTION OF MONEY, AND DEFICIENCY IN SERVISES ON THEIR PART.
NOT ONLY THIS MY SOME SHARE OF DHS ARE WITH THEM WHICH THEY HAVE NOT SENT ANY DETAIL REGARDING ITS STATUS.
THE COMPANY IS CHEATING ME WHY SHOULD I NOT FILE COMPLAINT AGAINST THEM U/S 406, 420, 467, 468, 471 IPC

Complainant :- Mrs. Anju Malpani
Complaint against : Karvy Computershare private Limited
Contact Person1: Mr. Madhusudan
Mail Id: [protected]@karvy.com
Contact Person2: Mr. Ganapathy
Mail Id: [protected]@karvy.com
Address: Karvy Computershare Private Limited
17-24, Vithal Rao Nagar
Madhapur
City: Hyderabad
Pincode: 500081
Phone: [protected]
Mobile: [protected]

Sub: FRAUD BY KARVY’S UNIT:- Manipulating the record of Demat & Bank account by Karvy Computershare Private Limited “Karvy”
Ref:- Power Grid (FPO) application form No. 47877109
Bank serial No. 430688 (Axis Bank, Jaipur Main Branch)
Dear Sir / Madam,
I had applied 1105 shares in Power Grid (FPO) application on[protected]. Duly filled form alongwith the cheque was submitted to the Karvy’s bidding centre at Jaipur.
Karvy has manipulated the record by way of inserting the third party details therein instead of my original details of bank and demat account. Due to that the allotted shares and excess refundable amount was credited to the third person’s demat and bank account respectively.
The relevant details of the case are as under:-
(A) Details of original investor – Ms. Anju Malpani
S.N. Particulars Details
1. Name of Company- FPO application Power Grid India Corporation of India Ltd
2. FPO application Number 47877109
3. Bank Serial Number 430688 (Axis Bank, Jaipur Main Branch)
Other Details
1. Bank Name of Investor The Bank of Rajasthan Limited
2. Branch and address of the Bank Johari Bazar, Jaipur Branch (Rajasthan)
3. Saving Bank Account number [protected]
4. Demat Account number (CDSL) [protected]
5. Demat Account Details The Bank of Rajasthan Limited, Johari Bazar, Jaipur (Rajasthan)
6. Cheque Number 846928
7. Cheque Date [protected] and cleared on[protected]
8. Cheque Amount Rs. 99,450
9. PAN Details AEFPM3414F

(B) Manipulated data entered by Karvy
S.N. Particulars Details
1. Third Party Name Sanjay Jain (HUF)
2. Bank Name & Account no Indian Bank, Delhi –[protected]
3. Demat account of third party [protected]

From the above details it is clear that this is a case of MISTRUST & FRAUD, as nothing is matching, neither numerically nor alphabetically, even the city is also different.

After so many letters, emails, registered posts, phone calls including STD calls and vigorous follow up, the refund of Rs. 74,056.50 was given to me on 2-2-2011 and shares were credited to my demat account on[protected].
This is not just the mistake, it is the case of FRAUD which has led me to go into the depression and during this tenure, I had suffered the immense tension as no satisfactory answer nor reply was received from the “Karvy computershare private Limited”.

I am a genuine retail investor and the amount invested by me , has a very significant importance for me and my family. This matter has given me immense tension due to that I need to undergo so many tests and medical check ups.

We had received a communication from Karvy that they can give us only the interest @15% p.a. for the delayed period and difference in the share price.

I request to the consumer court to look into the matter and give me the justice. I had not invested my money to earn interest on that nor I had invested my money to get the benefit of difference in share price.
This all can be calculated in monetary terms, but what about the mental stress and tension????
Can Karvy return my peace to me which I had lost in last 4 months????
Can Karvy help me to restore my health due to this reason????

They are admitting the fraud (emails & letters received from Mr. Ganapathy and Mr. Madhusudhan in Karvy) so now to compensate my mental tension , I am asking Rs. 100,000 as compensation as either I or my God knows that how critical were these 3 months for me and my family. I am a 50 year old housewife and the amount invested by me , was my life time saving.
Now , I request to the consumer court to look into the matter and help me to get the reasonable amount of compensation for my mental stress and tension.

Please let me know if any other supporting document or information is required in this case.

Thanking You,
Yours truly,
Anju Malpani

Karvy Gorakhpur Branch, organized a camp in BHEL Jhansi Township during end of Jan2011. In this camp they called the individuals on phone that they have been selected for one year free insurance and may come to the camp to collect the same. After 2nd reminder when we went to the camp on 20.01.2011, Mr Shailesh Rizhwani [protected] & Mr Mahendra Tolani [protected] explained me about the Karvy insurance sevice. After getting my details, they proposed me the TATA AIG Life insurance. In this they gave me the wrong feed back about the plan. According to them after 5 years of policy, i will get the periodic cash payment of 5% of the Face Amount, after 10 year I will get the 10% and after 20 years I will get the 15% of the face value, also this policy will cover insurance of both Insurance holder & nominee. In case of death of the policy holder the periodic cash payment will be given to nominee. Also along with this scheme we will get the lifelong free Karvy Insurance membership.

But when we received the TATA AIG Policy documents, It is categorically written in their documents that 5% of the face value only will be payable in 10th year of the policy. My policy details are given below

After that I talked to Mr Shailesh Rizhwani on phone. He insured that I will get the documents related to above scheme with a month. But till date I have not received any documents. Now I am trying them on phone/ mobile, but they are not lifting the mobiles.

Plan: Tata AIG Life Mahalife Gold (110N029V01)
Policy No: C[protected]
Office Code: LU01

IREO Skyon Sector 60 Golf Course Extension Road Gurgaon
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Highlights of the community:
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Tentative Sizes: 1365 sq.ft to 2791 sq.ft.
Entry from 60 meter wide road.
Mix of 2,3 and 4 BHK. All apartments overlooking Golf Park.
Hi-tech home solutions (lights/fans/AC’s electronically controlled through customised keypad)
VRV Air Conditioning. Modular Kitchen. 10 feet high ceiling.
About Developer
The IREO is first and perhaps the largest Private Equity Fund dedicated to the real estate sector. The company boasts of its pan India presence as it has developed projects in prime locations across India. The regions where the company has especially achived a strong hold include Delhi, NCR, Haryana, Punjab, Tamil Nadu and Maharashtra. The IREP took into shape in the year 2004, and since then the fully integrated organization has been involved in the dual role of financing and developing state-of-the-art projects throughout India. The team of IREO consists of professionals who are accomplished Indian and expatriate professionals with years of experience in diverse backgrounds. They have high expertise in taking initiatives and delivering best realty services to our esteemed customers.
IREO Skyon 2, 3 & 4 BHK Price Details
Name Size (Sqft) Price
4BHK + SQ 2791 2.09 Crore
4BHK + SQ 2768 2.07 Crore
3BHK + SQ 2045 1.53 Crore
2BHK + SQ 1524 1.14 Crore
2 BHK 1365 1.02 Crore

Booking Amount
Sizes of IREO Skyon
BSP-7500/sqft
2BHK – 10 lacs.
3BHK – 15 lacs.

Contact Details
Karvy Realty Pvt Ltd ( Karvy Group )
E-mail : reality.[protected]@karvy.com
Call :[protected]
Phone : [protected]
Gurgaon Office
iTrust Financial Advisor
Plot No - 345, Udyog Vihar Phase 2
Gurgaon-122016, India

i m employe of karvy stock broking ltd, my employe code is-31044,i m resine this month , but my salary will not relese i m mail to Hr & country head but he is not reply .& my sip incenteve will hold for 3 month.
my salary of 15 days of RS -5000/. + sip incentive of Rs-6500/- .Total amount-11500. and i m get advance
Rs 2000/only For sanjog mathur .My Reporting manager. my payment due of RS[protected]=9500 pending. i have many mail sent to hr & seniors.he is not reply..pls relese my salary.because my financial status is not strong....

hello sir/madam
i am complaining regarding the behavior and services provided by the karvy branch in Bhilai.
i submitted my pan card application on the date of 16 Jan 2011 but now till date i could not received any receipt and also my Pan card, the services of pan card deptt of bhilai branch is very pathetic and the leady doesnot have the proper manner to talk also and the staff is also very rude.

Regards
komal singh rajput
[protected]

I have applied for KYC through my bankers HDFC bank on 28th dec. 2010 through thier vasai(e) branch. since than i am waiting for clearance from them. Even to-day morning also I visited my Bank and they have checked the status of my application in front of me and it shows under varification since 31st january 2011.
I would like to know when the clearnce will be comeforth. my details are as under.
Name:- Mr. Husainy Noman Dohadwala.
Add. EC/57/B/201, Mangaldisha, Evershine City, Vasai(E) PIN 401208.

My PAN Number:- AJUPD6311L

Will You Pl. look into the matter and reply me on my Email ID [protected]@yahoo.co.in
Thanks.
Yours,
Husainynd
[protected]

i ashok kumar jain age 64 am a retired officer o[censored].p. s.r.transport corporation. i paid for above policy to karvy gomtingar branch lucknow but have not received national insurance corpn policy stating therein the t and c of my health insurance. instead of it they have given me addresses of hospitals printed in a two inch booklet, hard to read, published by a third company . karvy has also not supplied me the lic policy for market plus scheme, though several months have passed. i tred to contact their local insurance head but he refused to talk to me.when i told him that he may face a criminal complaint he asked for my mail i.d. and promised to reply soon. i nseek an apology from karwy otherwise a cr case will be filed against them for cheating/fraud.

Dear Sir,

This is to inform you that we ( Hdfc Bank Ltd-Malad east Branch-BM -Manoj Shroff0 had submitted one KYC applications form of one of our client Mr.Rakesh R Varma ( Pan card No:AJNPV2509D). Our clietn has not recived any communication from Karvy nor from CVL for the status of his KYC application form which was submitted on 22nd nov 2010 at Karvy office in Mumbai. Our staf has been continously following up with staff of karvy but in vain as the staff shows helplessness in leting us know the status of the application form. If the KYC form is rejected the client need to know the reasons and should recived the rejections letter so that corrective action can be taken which has not followed. client has been follwoing with us on regular basis but we have no answer to inform him the reasons for rejections. Pls.intervene to help the client get his KYC done.

Regards,

Manoj Shroff
HDFC BANK-Malad east branch
[protected]

This is to bring to your notice an illegal transaction done by a Broker along with Karvy Mutual fund Services .With due respect I Puspashree Sujata Das a permanent residence of C-90, Sector -1, Rourkela -8, Orissa would like to state that My husband Mr. Umakant Parida deposited Rs 2 Lakhs dated 23.03.07 and Rs 1 lakh dated 5.03.07 in LIC Mutual Fund through a broker named Naresh Kumar Acharya ,Code No –ARN 11849 .My Husband expired on 30 .03.2008 .On 7.02.2011 I wished to redeem the amount that was invested so I went to Karvy Services Office in Rourkela .There by I was informed that the money has been already withdrawn by the broker with false signatures of my husband on the related documents after a year and half of my husband’s demise .The amount withdrawn was further deposited in the Bank of India AC No -[protected] in the name of my husband (Mr. Umakant Parida) and with his signatures on the required documents .
The Bank details including the permanent address details were changed by Karvy officials without validating the same from me or the nominee .The cheque also has been handed over to the broker Mr. Naresh Kumar Acharya by the Karvy officials without informing the nominee or myself .Request your kind and immediate attention to the same and action against the parties involved in the
same and return my money at the earliest .

Dear Sir,
I have not received dividend warrants o[censored]TI Mastershare Folio No. [protected], for the year 2005 - Rs. 1800, 2006 - Rs. 2160, and 2007 - Rs.2520. I had sent repeated reminders to Karvy Consultants and UTI Office at Faridabad but to no avail. I had submitted certificate from my HDFC Bank, 5-R/2, Badshah Khan Chowk, NIT faridabad - 121001, to Karvy Computershare Pvt. Ltd., Unit - UTI, Naryanai Mansion, H.No. - 90/10E, Vittalrao, Madhapur, Hyderabad - 500081 as requested by them on.
Regards
Ratna Deb
427, Ground Floor,
Ashoka Enclave - III,
Sector - 35,
Faridabad
(Mob - [protected],
Land Line[protected]

Respected Sir,
I applied for Power Grid FPO. I am neither issued any shares not any refund has yet been given to me by Kary Computers Pvt. Ltd. My applicatlion No. is[protected]. I have asked the karvy authorites on phone to refund my money but every time they ask me to confirm my address and nothing is done by them. I have several times sent my address confirmation to them.
Sir, here I want to state u that I am a handicapped person and I can't go anywhere this problem I have mention the them on phone. But Every time they do nothing axcept assurance. Now I m in doubt that they will not refund my money. Please help me in this matter. I shall be very thankful to you for this.
Yours sincerely

Rajiv Kumar
St. No. 2, Anand Nagri,
Mudki Road,
BAGHAPURANA-142038
Distt. Moga (Pb.)
Mob. No. +[protected]
email: [protected]@gmail.com

i was applied for MOIL IPO on[protected] by axis bank which is linked to my D-Mat account,
due to no shares alloted to me refund was despatched on[protected] to me but it was refuded without delivering to me after that many times i contact on email & telephone with karvy computer share pvt ltd hydrabad asking for redespatch of refund but till date they are not redespatch refund till date & fraud information given on my email that they are despatched & on telephone every time they reply we will despatch tommorrow or day after tommorrow.

they are harassing me ?

satish parashar [protected]
[protected]@sify.com

Dear Concern

This is regarding my POWER GRID CORPORATION OF INDIA LIMITED FPO, Application No 35752674 where I was liable to receive the refund cheque Amt(30519).Iam still waiting for the amount from long long time but still iam not getting any positive responce from there side i called up on karvy computershare customer care no.([protected]) many time they alwys said to me sir please wait for some time.......... Request you to please help me on this matter ASAP.......................



.

Thanx & Regards
Kaushal Thakur
Ph.[protected]

I have applied for MOIL IPO for 289 shares and paid Rs.108375/-. And i have allotted 17 shares for Rs.6K and the balance money was supposed to be refunded just after allotment in Dec10. But as on date i have not received my refundable money Rs.102318.75.

I have made several call on ..... but they did not pick the call, or they put on hold for long time. But no response.

i am making calls & sending emails since last 1 month 20th Dec2010 onwards but they are not responding.

on 3rd Jan2011 i have received one email (einward.[protected]@karvy.com) to confirm the address, which i have updated on 4th Jan2011. But still i have not received my refund.

Application no . 18104896

Hope i am approaching at right place and i will get back my money soon.

I applied for the MOIL IPO whose details are as follow

Unit : MOIL LIMITED
Application No.: 51405730
Name : LOVIKA GUPTA
DP ID :041400
Client ID :[protected]
I applied for the same on 1st december 2010. It has been almost 2 month since the people have recived there refunds but i am yet to recive my refund in regard to same. Even after my lots of request over mail and phone no body in Karvy computer share is ready to help. Every time i just get assurance that refund will be dispatched in a day or 2. No clear status is known.
My money is blocked for 2 month leading to monetry loss as well as mental harassment. Please help

This complaint is regarding PF Withdrawal PF No: AP/HY/51485/0695, i have applied for PF Withdrawal on June month 2010 in karvy HO Hyderabad, they said we have processed your PF form on 8/06/2010 to PF OFFICE ( The Regional PF Commissioner, PF Organization, Regional Office, 3-4-763, Barakatpura, HYDERABAD - 027, Ph:[protected] and "PF Department will take two and half months to clear the applications from date of submission and amount will be directly credited to your Bank A/c by PF Authorities. Please check with Bank people after completion of above period". i have no response whenever i tried to that phone number. , i have not receievd my PF Money yet. Pls do the needful

Dear Sir

I have applied in MOIL IPO & Application# 34480301
No of Share applied# 255 & Amt# 95,625/=
Cheque# 507211 Dt.1/12/10 TTCBank Ltd.Ayojan Nagar, Ahmedabad

I did not received refund for said IPO.

I check with Karvy online Status and it shows incomplete address and refund order was undelived and return to them on Dt.23/12/2010
i update my address online and Fax Documents i.e. PANCard, ClientMaster, Bank Details to said Fax#[protected] on 31/12/2010

I submitted all copy of documents to their Ahmedabad office on 8/1/2011

but still today, when ever i ask them they repeat original story and refund order was undelivered
But no one reply for when will they send my refund.

how can i get my refund order?

My Detail Address#
Kruti Nilesh Shah
4 Ajitnath Flats
21 dharnidhar Soci
Vasna
Ahmedabad 380 007
Ph#[protected]


Kruti Nilesh Shah
[protected]