[Resolved]  Karvy — payout

Address:Karvy House, No. 46, 8-2-609/K Avenue 4, Street No. 1 Banjara Hills, Hyderabad - 500 034. Telangana, India. +91-40-23312454, Hyderabad, Telangana, 50003

This brokerage firm is a big fraud. They do all they can to hold back customers payout. I have a nri demat account with them and they are holding back quite a bit of my money in the name of tds. It's as simple as deduct the tds and pay the rest. However they just sit on it for ever to delay the payment as much as possible so that they can make money out of it. There is one ms. Chama agarwal manager-nri business, who is such a pain to deal with, doesn't understand how their system works and is worst possible customer service manager you could ever think of. She has a habit of covering up things. When she messes up she just keeps quit and does, 't have the basic courtesy to acknowledge her mistake. I am following up on my payout email with her for close to 3 weeks. I sent her several emails but she hasn't responded back to me since 10/10/2019. I expect sebi to take severe action against this brokerage firm, which seems to be famous for holding back customers funds.
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Nov 20, 2019
Complaint marked as Resolved 
my complaint is not resolved yet. karvy just marked it as resolved
Karvy customer support has been notified about the posted complaint.
Verified Support
Oct 23, 2019
Karvy Customer Care's response
Dear Sir

Kindly share your NRI demat account number. Will try to resolve this issue at the earliest.

Team Karvy
Nov 08, 2019
Updated by Sports fan
My NRI demat account number is [protected]
Nov 20, 2019
Updated by Sports fan
Hello, Please share an update
Complaint comments 

Comments

This is not the place to where we have to raise complaint ..Let us complaint against this dirty company with SEBI.

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/

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    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No. 1 Banjara Hills, Hyderabad, Andhra Pradesh, India - 500034
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