Nirmal Bang Complaints & Reviews

I have a an account with nirmal bang securities (A/c no-w2460004). My account as opened in the parkstreet branch and i was assured best of service with good returns by the executive arif mehmood & dheeraj kumar who opened and handled my account. I funded my account with 1 lac after opening. Dheeraj started trading in my account heavily in derivatives with huge exposure everyday and most of the trades done were without my consent. I incurred heavy losses everyday and repeatedly told him to stop trading in call & put option. Share market was in full growth phase that point of time and even a layman in the industry made profit but to my astonishment most of my trades done by dheeraj & arif resulted in huge losses. They did not have any expertise in the subject with pathetic customer service. They stopped taking my calls after few days and even the land line number was being picked up by someone else who assured my a callback from them which never came. My fund of 1 lac stands at 22k now in 2 months which i have withdrawn. I myself work in a reputed bank and have never seen such a bad customer service & unprofessional behaviour. I believe this is a racket run by the executives in the company to dupe peoples hard earned money else how can the trades be done without my consent and how can all the trades turn into losses in a bullish market. I have already circulated the information internally in my bank not to open any account in this fraud company. I need a proper investigation into the same and a complete refund of my entire money along with interest within 15 days post which i will issue a legal notice.

I think you might have gone through my earlier complaint in this page a week
Earlier whereby i had told you that i will quit tomorrow and accordingly i sold
All my shares. It is sorry state of affairs that your office has not made the payment of the proceeds of shares sold and shamelessly sending messages
Like - trade at your convenience on beyond app.. Please be noted that i will never trade with you and send the payment through my saving account at the earliest so that i may not be compelled to seek the help of the regulater.

I am dealing with your office vide my trading a/c no. L9900261 and i have the
Repeated complaints with your office and that is not providing timly credit of ch
Eques credited to your account for onward credit to the cutomers account as time and again written i tranfered an amount of rs, 5000 in your a/c. On[protected] vide cheque no.411205 but after twenty days no amount is reflected in my account with your office. Your clint service is verypoor. Some anonymous madam of your ludhiana office want to give me the trade confirmation on next day of trade which i declined to accept but in her reply she told me that you are
Old citizen that is why. You are charging the maximum brokreage but if some one ask you to justiy you keep mum. Now tommaro i will exit you

I have invested above 173000 and after trading got profit near about 25000 when I told customer care executive that I want to sell all my position how much I will get he said that we will debit 150000 from your account after getting profit how you could even do this and this is for the second time previous trading I invested 72000 I was in profit but again got only 450000 so much of fraud

Dear concerned,

I bought 5 lots of coriandor april delivery and 2 lots of mentha jan and feb respectively. The executive called me all of a sudden and asked me to sell the stock otherwise he will clear the position. I had sufficient funds in my account yet they cheated me. Everyday i am asked to clear the position and they are not allowing me to trade further despite of me having 20 lakhs in my acccount. Nirmal bang kota and jaipur office is fraud they are trying to make extra income by selling customers postion on a day to day basis

R/sir,
. Mere rm ne mujhe currency options me phone par forcely trade karaya. Jisse mujhe 95000 ka loss hua.
Sir mujhe currency options trade ki koi janakari nahi thi. Mene kabhi bhi currency me trade nahi kiya hai. Sir aap se anurodh hai ki mujhe mera fund return karaya jaye date 21/11/2017 code d0350637. Rm is hina naaz hai. Please take action

As already written on the matter many a times the subject matter is pending at yours, as a result i have not got the credit of the the mentioned amount till date.
Today i again visited to my bankers and found the exact cheque no. By which i made payment to you on[protected] was 411197 instead of 411191, and tm
No. Is m831690. You are requested to visit your banker and do the needful as the entry is long out standing.

As already written, i transferred rs.5000/[rupees five thousand only] on[protected] vide cheque no. 411197 at 4.37pm. But till date the amount has not been showing in my above noted trading a/c. The amount was credited to a/c no.[protected] by debiting my a/c no.[protected]. You are hereby advised to take the matter with your bankers at the earliest as it is too late. If the matter is not addressed within 3 day i will take the matter to the regulator the sebi.

Sir this is to inform you that my client id is e0040322 in the name of monica bagani. A dr. Balance reflect in my account on dated 21/7/2017, friday appox 26000/= i hv recd a call from ur back office to pay. I hv directed miss mampi das to collect the same... The same amount hv been debited from my account on 25th july 2017, ok... On aug.1 i hv made a call in ur trading house to purchase some share s in my account... The respective miss mampi das told me that sir u r not allow to trade as there is a debit balance in ur account...
Then i told her that madam the said amount already clear from my ac. On 25th... Why you r not allowing me to trade.
She replied me that our back office shows a dr. Balance that's why...
And today she call me and say that u hv to pay interest for that period... Appox 400/=
Sir...in this synario i want to know that
1. Inspire of payment made by me miss mampi restricted for trading...
2. She has not cooperate in any way only repeating each and every time that u pay the same i will pay back to u later...
Sir... What can i do now
Pls suggest and reply as soon as possible...
In my mail
[protected]@yahoo.com
Thanks
Waiting for ur kind justice

With reference to the above i may write to your office that an amount of rs.5000.
Was transferred on[protected], vide chq. No.411197 at around 4.37 pm for credit to your a/c 006700... But it is sorry state of affairs that after 25 days,
No credit has been given to my id l9900261. You are hereby requested to look into the matter and do the needful at the earliest.

Sir, i am having account with navsari branch in the name of mukesh a gohil (Huf)- hmg005 and another one harsha mukesh gohil - hmg 007. Due to non operation since long, my both account were get blocked due to kyc. I had contacted branch manager mr. Pragnesh, but i had bitter experience with rough language used by him. I am very with my work as i am professional c. A. And hence i had sent many times my staff to provide requisite document with cheque for due pending of rs. 459/-. But he had again and again no co - operating into this matter and required my personal presence not by my staff and said do whatever you do.

If this problem not get resolved, i had to complain with this matter with sebi. So please do neeedul as it was 4 months elapsed of this matter.

Ca. Mukesh a gohil
[protected]

I have a demat and trading a/c @ nirmal bang karol bagh branch.

I did complain to my rm sahin khan and branch head jitesh kumar singh several time over phone and in person on july 01in his branch office that incorrect brokerage has been charged on me in the trades executed on june 27 & 28 on bank nifty options.

My brokerage is rs 20 per lot in options (Call & put) trades, which has been confirmed by my rm and jitesh kumar singh, however i have been charged approx rs 75 per lot.

Because of this carelessness i have been charged rs 11000 additional on the both enclosed trades. I request them several time to intervene in the issue, however there is no response from them till date. Nirmal bang branch @ karol bagh involve in this kind monetary fraud.

With reference to the above i may bring to your notice that the rate of your
brokerage is too high and not competitive as compared to other broking houses.
In addition one have to pay other charges which are going 18% from 15%. As such it does not remain feasible for trader to get in and out from a trade. You are hereby requested to revise the brokerage downward substantially so than one can trade with not too high charges.

With reference to the above i transferred an amount of rs.4000. From my saving
A/c [protected] for credit to your a/c [protected] on[protected] at 11.50 am as margin call. But till date i have not got the credit for the same. If you can not identify the entry you should have sought the help of your bankers at least there should be an excess entry of rs.4000.in your bank account. Please expedite otherwise i will take the help of the regulator.

Hi team,

I have open an traccount.
My relationship manager mr jitesh from karol bagh new delhi branch. They did unauthorised trading from my account from 18 apr to 20 apr and i have lost rs.12000. When i called him he said that he will enquire and will call me back.
But since then he never called me and when i tried calling him, his phone remains switched off. I also blocked my acount as the agents are not reliable and dies fraud kind of activities with clients.
My code is d1201441. Please do the needul to recover my money else i may have to go some other legal way to raise cobcern over entire organization.

Regards;
Amit golchha

NIRMAL BANG SECURITIES PVT. LTD.
Jaipur

Dear Sirs,

I would like to inform you that I am a small trader having an active account wit h M/s Edelweiss. Ihave been trading in equities with them since more than two years.

On March 23rd, 2017, I received text message on my mobile from HP-NRMLBG at 2:46 pm with following text:

“Short Term Cash (2-4 DAYS) : BUY 25000 QTY OF ACHAL INVESTMENT
(BSE CODE-538570) @ 4.75 sl 4.60 TODAY..
TARGET 8.50 NIRMAL BANG
2.46 PM”

This was the very first message I ever received from M/s Nirmal Bang and being a reputed and recognized broker, I put my trust on your message and bought 6600 shares of Achal Investment @4.85 on same day that is March 23, 2017 amounting to Rs. 32, 010.00 (plus cost of brokerage & taxes) in order to make profit of Rs. 24, 090.00 as quoted in your test message stated above in a time period of 2-4 days which expired on March 30, 2017 by which I supposed to sell the stock @ 8.50 per share and quit with profit as committed in your text message.

Since I bought the above said quantity, I am not able to sell even at loss at the prevailing price of Rs. 4.30 as on March 31, 2017 and my investment in stuck bearing heavy interest being charged by Edelweiss.

I am holding NIRMAL BANG responsible for deliberately giving me wrong information and incur possible losses. Recovery of any losses plus profit of Rs. 24, 090.00 along with interest and maximum possible compensation will be pursued by me through all legal means and online compaign for a fraud committed.

Official complaint will be lodged with SEBI shortly.

Mahesh Bhojwani
Mobile No. [protected]

Hi nirmal bang I have open an traccount .
My relationship manager Mr.Rupesh from Karol bagh New Delhi branch. They did unothrised training from my account on date 23 jan and I have lost my 9000. When I have call him he says your money will refund, he mail to regarding this matter. But till now I have not get my money back.
My code is D0250825 and my mob no is [protected].
Please do the needful.

Ref:cha2085

Sub:money is available to help exchange

Chennai branch of their company through a finance much on an administrative officials our any emergency, the ud is no. You've barking whom to ask. If the phone number for emergency yesterday atanaiyarum totarpukkont i did not take. We make our money doing business there was something in the loss of the money. Who is responsibility. Emergency immediately give a phone number

I have opened a account with client code v4460005 Ibrahim Husen Abdagiri with Nirmal bang securities pvt ltd, Baramati branch, Unauthorized trading done in my account Amar Suresh Shindw by the them in lead and, I lost my Rs.6601 due to their unauthorized trading done in my account, hence I request you to help me to get back refund of my money in my account, if needed I will provide account statement as well contract notes of the above...

Sir
I am your client having client ID:[protected]&with account code :-B01564.
I have transferred following shares to my
Account in Normal bang security from other DP having DP ID:-1N302269(IIFL) in
FY[protected].These are 1)HDFC LTD:-1500.2) HDFC BANK:-1000.3)L&T
4) UNITED SPIRIT:-54.But I found that, only 1000 shares of HDFC LTD, 750 shares of HDFC BANK are in my Demat Account, while remaining shares are transferred to unknown account.l am not
getting divided warrant of these shares .
Please search for the fraudulent transfer and deposit them on my Dmat Account
Thanking you with regards.