Motilal Oswal Securities Ltd — unauthorized charges/false promises

Address:Mumbai City, Maharashtra, 400064

I opened demat/trading account with mosl (Malad branch) in the month of jan 2018, as i was promised that i will be charged 20 paisa for delivery and 2 paisa for intra, which never saw the light of the day. So i decided to withdraw all my funds and go with xyz broker.

Today, i thought of transferring my funds back to mosl in order to experience their trading portal possibly on monday regardless of the brokerage and was going through all the tabs and checked ledger just to find out that my account has a negative balance of rs.58 as dp transaction charge plus gst. As far as i am aware it is only applicable when i sell my holdings. So far i haven't placed a single order as i transferred my funds as soon as my account was opened and since i was upset about the brokerage, so why in the world do i have a negative balance.

And its not the 58 rs i am disappointed about, but the fact that you people are such scums, hell, i can shove a couple of thousands up your arse only if you would politely say so.

Have had many demat acc with every possible institution but never faced such illicit service! Keep those 58rs and get a soul if you may
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Dear Sir,

Apologies for your inconvenience during the process!

Kindly share your client ID/contact details, our representative will contact you shortly.

Team Motilal Oswal

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