[Resolved] Karvy — private wealth clients are taken for a ride

[Resolved] Karvy — private wealth clients are taken for a ride

S sb491764 from bangalore, Karnataka

Karvy private wealth introduced real estate builders and developers to its clientele promising good returns and at the same time guaranteeing security of investments and took service charge for the services rendered. A number of investments have turned belly-up and the private wealth dept is unresponsive. All the communication with the real estate companies happens via karvy and they do take service charge, as written. Cheques from the builders bounce. Karvy as an intermediary should take necessary steps to resolve the issues, after all, they introduced the builders to clients but they are lending us a deaf ear. This is just to inform the generic public about the issue so that they take care in making any investments with karvy. Was this information helpful? No (0) Yes (0)
May 5, 2018 Complaint marked as Resolved Karvy customer support has been notified about the posted complaint. Mar 30, 2018 Updated by sb491764 I made an investment with c&c constructions via karvy and the interest cheques have started bouncing from oct. I received a letter from their chairman that all the dues will be cleared by dec 2017. Dec came and went. Then we received another letter asking for 90 days which ended as of march. Nothing happened. And, we have received another letter now stating that they need time until june. Our attempts to reach karvy private wealth managers have yielded zero results. Karvy took a service charge from its clients to facilitate the investment and when karvy's service is actually needed, no one from karvy is in sight. Attempts to reach ceo of private wealth has yielded zero result. I hope someone reads the same and pays attention. Until then, i advise all potential investors to stay away from karvy. Verified Support Apr 04, 2018 Karvy Customer Care's response Dear Sir, With reference to the above compliant, please share your contact and mail id details to kcpl.[protected]@karvy.com. We will arrange a call from the concerned team. Regards team Karvy Apr 10, 2018 Updated by sb491764 I have sent the contact details and no one reached out to me yet... WHY? May 08, 2018 Updated by sb491764 How can the complaint be marked as complete when no one from Karvy reached out to me? the issue still persists and is not resolved.. How can I change the status to "NOT RESOLVED"?
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ChandanN Chandan N

from Delhi, Delhi

Your request 0000/00499/32637 has been rejected due to: invalid documents.
Please resubmit correct request or visit the nearest aadhaar kendra for updates

I have submitted registered rent agreement. I don't understand why my address updation request is getting rejected ?

sb491764

from bangalore, Karnataka

I sent my contact details and no one from Karvy reached out to me.. So, this proves their lackadaisical attitude in dealing with customer issues.. Will karvy wake up?