[Resolved]  Karvy — payout not transferred to my account

I have submitted payout request to karvy on 12th nov 2019 but not received my funds in my bank account till 16th nov 2019
Also customer support executives are transferring calls from one department to another but no one is solving my queris.
Also customer support executives are taking big time to answer the call.
My client code with karvy is f4250004

So kindly transfer my funds at earliest
Was this information helpful?
No (0)
Yes (0)
Dec 18, 2019
Complaint marked as Resolved 
Karvy customer support has been notified about the posted complaint.
Nov 16, 2019
Updated by sharad agar
Nothing will be happen, they are not taking any action and the amount which I wrote for transfer is again I see in my karvy account

Verified Support
Nov 16, 2019
Karvy Customer Care's response
Dear Sir

We regret the inconvenience caused. We have forwarded your request to the concerned team and will resolve this issue at the earliest.

Team Karvy
Complaint comments 

Comments

I'm also facing same issue. they really have a bogus service, even not responding on my mail.

Client Code: a45034233 Account: [protected]

I also have shares worth 3.5 lakhs in karvy .

IN MY HOLDING STATEMENT
IOC-2226
UTTAM VALUE -100000

IN MY DEMAT HOLDING STATEMENT
IOC-2187
UTTAM VALUE -10000

While i ask they informed the balance shares in pool account .i called several times to transfer
they are not transferring to my demat account .
Dont know what to do.
Sebi bans Karvy for Rs 2, 000 crore client defaults

MUMBAI: The Securities and Exchange Board of India (Sebi) banned Karvy Stock Broking Ltd (KSBL) over client defaults worth Rs 2, 000 crore with immediate effect. It’s been banned from taking on new clients and executing trades for existing customers.

This follows an investigation by the National Stock Exchange (NSE) which found that Karvy had allegedly sold client stocks pledged with it through associated entities. The regulator has told depositories not to act upon any instructions by ..

Read more at:
//economictimes.indiatimes.com/articleshow/72193703.cms?utm_source=contentofinterest&utm_medium=text&u...

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