Karvy — pay out from demat account is not being done to bank accounts by karvy broker

I have in my ledger account 37861.20 amount and three time made payouts but karvy is not transfering the amount to my bank account. Not only that when phone calls are tried they are auto answered as all exeutives are busy and try later. But whole day same messages are heard. Karvy seems next scam company like others already have notified by authorities.
Was this information helpful?
No (0)
Yes (0)
Karvy customer support has been notified about the posted complaint.
Verified Support
Nov 22, 2019
Karvy Customer Care's response
Dear Sir

We regret the inconvenience caused. Kindly share your client code. We will do the needful.

Team Karvy
Nov 22, 2019
Updated by rm3691
A0702091
Nov 22, 2019
Updated by rm3691
please transfer the requested amou t of Rs. 37861 at the earliest as it is needed for education purpose to deposit the fee.
thanks
Nov 23, 2019
Updated by rm3691
today again I saw that amount is return to karvy account only and not transfered to my bank account by karvy. so today i again initiated for payout to my bank account. request karvy to transfer it to my bank account. client code A0702091
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Karvy
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    74%
    Complaints
    1669
    Pending
    0
    Resolved
    1230
    Karvy Phone
    +91 40 2331 2454
    Karvy Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No. 1 Banjara Hills, Hyderabad, Andhra Pradesh, India - 500034
    View all Karvy contact information