[Resolved]  Karvy — payout not down from demat to bank account

I am trying to do the payout of my own money from my demat account to my bank account. I am in emergency need of it but the payout never pays the money but at the end of the day adds it back to my demat limit.

Why are you doing like this to your customers. Stop doing this illegal activity, stop harrasing customers.

Everyone, avoid this company. Wait for a while but open demat in better company.

I am even attaching a payout request i made. But this was again added back to my account. The customer care never picks the phone. No one in escalation picks up the phone. Why do you trap customers like us.

You are cheat company. Please give me my payout. They are just like pmc bank where i have money but ai cannot take it out. Shameless people. My account no. Is: 28509068
+1 photos
Was this information helpful?
No (0)
Yes (0)
Dec 14, 2019
Complaint marked as Resolved 
Karvy customer support has been notified about the posted complaint.
Nov 12, 2019
Updated by amanjain861
I am attaching all the payout request I raised with Karvy which Karvy simply ignored and just kept on adding the money to my limit.

I even sent mail with all escalation mail ID to Karvy but no one responded. I feel like crying and curse the day I opened the account with Karvy. My 4 lac+ money is in Karvy Account and these people don't want to pay me.

For God sake, company have some fear of God. Have some conscience.

They don't even inform us about status of payout request. I don't know why SEBI is allowing this company to operate which have so much unethical practice.

Verified Support
Nov 12, 2019
Karvy Customer Care's response
Dear Sir

We regret the inconvenience caused. We will resolve this at the earliest.

Team Karvy
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
    1670
    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