[Resolved]  Karvy — delay in payout

Address:

689585

I have recently opened my franchise with Karvy and I have opened a trading account too in my name.I have requested for a payout of Rs.30000/- on 14.10.2019 around 11.00 am but the amount has not credited to my bank account but they have marked the payout in back office.

I have spoken with Mr.Sabarinathan who is the Zonal Head and Mr.Presanth Kerala Marketing manager but not received satisfactory comments.

Later I have inquired about Karvy with other broking firms staffs and they have revealed a shocking news that, Karvy Stock Brokings, realty arm and wealth management firms are facing criminal case in Bangalore for loan defaults.

I feel KARVY has diverted clients funds to settle their case in Bangalore and totally manipulating books and accounts of clients.

I have already registered a complaint in SEBI score about this scam..I request everyone to register complaint against Karvy in SEBI score, Let SEBI intervene in the matter, else we will not get back our valuable money from this fraudulent company. here is the link https://www.scores.gov.in/