Reliance Money Complaints & Reviews

This is a complain against a problem.i m continuosly trying to log into
my reliancemoney trading account.But it is showing that client has been
locked and contact administrater. Why this problem is happening.Is this
any technical issue or it has been locked by the authorities.And if it
is done so, then why is reliancemoney doing this kind of things with
their customers.
Please help me out in solving my problem regarding locking of my account.(Locking the client).
And help me out in knowing why is it written Client is locked, although i
m typing the correct password and customer id.I m unable to log into my
account, and my money has got stuck in
it.please help me regarding this problem soon

Hi main Ghorpade Girish maine chandigarh ke sector 37/c Relaince security ke office hade MANISH GUPTA (mob. No. [protected] ) se 2 police li thi police no. 50120846 Ghorpade girish swarup 50134780 jyoti ghorpade our us har police ke satha .1/2 gm ka gold coin tha mere sath nikale hua sabhiko ye coin diya lekin muzhe nahi diya Jabhi puchta hun to muzhe bahana bana ta hain ke abhi aya nahi, wapas chla gaya, wagere wagere Usne mere sath 420 ki hain yesa muzhe lagta hain esliye aap muzhe coin dilaye our us manish gupta ke khilap sakta karwahi kare Froad admi Manish Gupta (branch head) (mob. No. [protected] ) Relaince security Sectore 37 c Chandigarh. [protected] Ghorpade Girish (Mob. [protected])

Respected sir, With due respect I M/s Jagdambay Jewellers, New Market Qadian(143516) Agent code- A1I795920, Terminal Id- DQBA, Agent id- 403 want to request that i am working as your regular agent since last 2 year's, About two months back a company employee named Mr. MUNISH from jalandhar visited my office and asked me to submit following documents 1- Pan Card copy 2- Last 3 year's income tax returns 3- Copy of registration of the shop with local authority 4- Photo of owner 5- Bank account details and bankers confidential report from one bank At that time he asked that RBI needs those documents so I submitted all the above stated documents to him. Started the month of september when I login my user Id for some payments i received a message " INACTIVE ACCOUNT" at the same time i contacted to Mr Munish he didn't gave me any satisfactory response. Then i contacted Head office call center contact number they said me to contact with punjab area head office contact number but all invain. they didn't attend my any calls. then again I contacted delhi head office employee they said your's documents have not been submitted yet so your's user id is closed for next ten days. Now my problem is that if your's company employee named Mr MUNISH from jalandhar (M-[protected], [protected]) took all those documents two months ago and didn't submitted them to the concerned authorities then what is my fault in it. now 2nd time again i gave him all the documents. I live in a small town. once if any customer returns back from my office he will never again come to me. I am facing a great lose everyday as my business is newly established. Please guide me further as soon as possible. With Regards M/s Jagdambay Jewellers New Market Qadian-143516 M-[protected] O[protected]

Limit Card

On 28 th March, When I was greeted with Limit Card option, otherwise I could not access my demat a/c .So, I opted for Plan PR - 500. I first time traded and bought & Sold SAIL equities.

My client code is R00058528 and Demat A/C is [protected]

I have called 2-3 times in customer care and personally visited Borivali office for the complaint, the complaint is sent to the designated department as I have been told. My complaint no is 2198578 and Request no. is 2248805.

I transferred Rs. 3000 in my a/c and bought 31 shares of SAIL for Rs. 2398.80 and after adjustment of taxes and brokerage the total amount comes to Rs. 2943.21 and my Running A/c balance was Rs.56.78.

Later, by next day my running a/c balance shown me -1526.22. I called customer care, they told me that by mistake 1526.22 is being deducted instead of Rs. 500 for limit card, (difference of Rs.1026.22 as shown in ledger + Rs. 56.78 my previous balance) and it would be corrected within 7 working days. No action is being taken till now. on 6th april 2009 I sold 31 shares of SAIL for Rs. 107.60 per share for total Rs. 3335.80. After taxes adjusted to Rs.3331.13 from which Rs. 1526.22 and later Rs. 4 is being deducted and final running balance is Rs. 1804.91 is available. Which is wrong.

many times i called and had issue with sachin sanadi but he didnt reply.sachin sanadi was cluster manager in reliance money and now he is working with bajaj finserv .


I had a meeting with your Cluster Manager Sachin Sanadi & mailed at 'customer.[protected]@reliancemoney.co.in' & 'customer.[protected]@reliancemoney.co.in' mentioning your system’s bug & complaint my issue several times. Instead of rewarding or appreciating for my support; I got only bad response from your department.

Already you can see the ledger statement. I had too many times conversation (one of your department BHAVESH DAND) with your department regarding the same issue. Still there is no solution, no proper response no feedback, no calls & no mails from your side.

till now they didnt responed me .


My desired legal transactions details are:



03/06/2008 00 ByICICI BANK REL SEC LTD CLIENT MARGIN A Cr 0809/BR/14003/66956 10, 000.00 10, 000.00

Stock Transfer for Settlement No. for Settlement No N/2008104 1

03/06/2008 00 ToNSE CLIENT CONTROL A/C Cr 0809/ST/N104/1 8, 130.85 1, 869.15

'[protected]' 69422

04/06/2008 00 ByICICI BANK REL SEC LTD CLIENT MARGIN A Cr 0809/BR/14003/69422 10, 000.00 11, 869.15

Stock Transfer for Settlement No. for Settlement No N/2008105 1

04/06/2008 00 ToNSE CLIENT CONTROL A/C Cr 0809/ST/N105/1 11, 666.21 202.94

'[protected]' 73771

06/06/2008 00 ByICICI BANK REL SEC LTD CLIENT MARGIN A Cr 0809/BR/14003/73771 10, 000.00 10, 202.94

Stock Transfer for Settlement No. for Settlement No N/2008107 1

06/06/2008 00 ToNSE CLIENT CONTROL A/C Cr 0809/ST/N107/1 9, 720.50 482.44



Stock Transfer for Settlement No. for Settlement No N/2008110 1

11/06/2008 00 ByNSE CLIENT CONTROL A/C Cr 0809/ST/N110/1 12, 652.37 12, 134.81



Stock Transfer for Settlement No. for Settlement No N/2008111 1

12/06/2008 00 ByNSE CLIENT CONTROL A/C Cr 0809/ST/N111/1 8, 288.45 15, 574.26



Undesired Transaction deducted from my account by your system’s bug are:



Being LimitCardCharges 728060

10/06/2008 00 ToCLIENT MARGIN A/C Dr 0809/JV/JVU/[protected].00 17.56

Being LimitCardCharges 728061

10/06/2008 00 ToCLIENT MARGIN A/C Dr 0809/JV/JVU/[protected].00 517.56



Being LimitCardCharges 765546

12/06/2008 00 ToCLIENT MARGIN A/C Cr 0809/JV/JVU/765546 2, 500.00 9, 634.81

Being LimitCardCharges 765547

12/06/2008 00 ToCLIENT MARGIN A/C Cr 0809/JV/JVU/[protected].00 9, 134.81

Being LimitCardCharges 765548

12/06/2008 00 ToCLIENT MARGIN A/C Cr 0809/JV/JVU/765548 1, 350.00 7, 784.81

Being LimitCardCharges 765549

12/06/2008 00 ToCLIENT MARGIN A/C Cr 0809/JV/JVU/[protected].00 7, 285.81

Suggest me what to do and how can I recover my money. i want to take legal action against him.

Thank You

i got call from [protected] and [protected] for reliance offer loan against reliance money multiplier policy at 0% rate of interest...
they offer me loan of Rs.500000/- and they want i paid first 10% amount of said loan amount that is 50000/- Rs. so today on 31st august 2012 they send their doc. boy for collecting cheque and document from me at my place.. i gave him post dated cheque drown on 2nd Sep2012 but i have doubt about their scheme... if it is fraud then i will stop payment from my bank... so please tell me truth about this offer ...anybody getting loan from this scheme ..or any reliance life insurance personel clarify it...


Anil Dhupe
[protected]
Pune.27

Hi Wismore,
Today (18th Aug, 2012) I have received call from [protected].
1) They have told me that, I will get Rs. 2,00,000 to Rs. 10,00,000 loan at just 0% Rate of Interest. I sounds good to me.
2) But I am a person who first seeks information and then invest.
3) I searched on the google and landed on complaint FORUM.
4) Now I am aware about the FRAUD.

VERY VERY THANKFUL FOR INFORMATION

Regards,
Atul Chadha
+ 91 [protected],
Chandigarh

i am mahipal singh from jaipur reliance finance ek chore hai marksheet finance ke naam pe isne sonu giri naam ke aadmi ke bank sbi me 5000 jama karwaye mujh se aur mera loan nahi karwaya is chore ne . aur apne phone band kar diye sab is se bach ke rahna me police complaint karunga iski . iski email id hai"Reliance Finance" <doc.[protected]@asia.com> esi kisi bhi email id wale ko paise mat do sab chore hai .

I have an account with Reliance Securities . I already settled all my dues & gave written application for closing the account in the month of Jan 2012. They assured me that it will be closed within 48 hrs. But still account is not closed by them inspite of completing all porcedures regarding same. & Till Now i m getting my DP account stsement with monthly Charges. Now they are insiting me to clar the dues then & then only they will close the account.
Though it was there mistake they ask me to pay for the last 5 months dp account Charges. which is not at all acceptable.Why should i Pay for their mistakes?? I will suggest all of you to not register with Reliace Securities for Stock Trading. It is worst experience . Their charges for transactions are also very high compared to other trading companies.
Now I want to make complaint in Consumer court.
PLease provide the details for doing same.

& please do not register youself with reliance Securities for Trading services.

Mayur Kher
[protected]

Mr. Vivek shantaram Desai
A 101, Brahma Niwas,
Off eastern Exp. Hiway,
Mulund East. Mumbai 400081
MOB- [protected]
Resd.[protected]
To,
Dear sir,
Sub. Fraud signature of my son on reliance money multiplier policy.
After continues phone call from reliance life insurance I had insured myself for money multiplier plan of reliance for terms of 10 years and annual premium of 30,000 Rs. Policy no.[protected]n 18thth of Jan 2011. After 2 days I got phone call from IRDA . they conformed my name and policy particular. once they conformed they (Mr.Ankush Jain IR 78532), told me that to promote this scheme they had chosen my name and to know what benefit I got ,I should contact Mr. Vikram Bhatia of Reliance , his phone no. [protected]. I contacted Mr. Vikram Bhatia. He conform my name, and policy number and told me Irda has propose three scheme for me. If I deposit Rs. 20000/50000/90000 to reliance life time they will give me Rs 100,000/200,000/300,000 on the next financial year and that they are doing to me as they had chosen me . I was really surprised and asked him how reliance can do that?.He said reliance want to save incomtax and same benefit they will give me. Since it is a big company I felt for it. I gave him cheque of 90,000 on 24th Jan 2011. After two days representative from reliance (Mr. Sachine) contacted me and told me to send particular of my son. I asked him why but he said if I put your sons name in the policy he will also get benefit . I sent particular of my son.
On 3rd of feb.2011 I received one policy of my 30,000 Rs per year. (policy no.[protected].On 8th of feb.2011 I received another policy of reliance multiplier of Rs, 90,000 per year which Had not asked for. ON that policy I found name of policy holder is on my name and name of life Assured is on my sons name .(Mr. Pitesh Vivek Desai). I found in the policy even his signature was fraud signed in it. I immediately contacted Mr. sachine from reliance and asked him for my sons fraud signature. He told me they do this with every policy. I was not satisfied with his answer and on next day(9th of Feb. 2011) I send E-Mail to reliance customer care stating fraud signature of my son in the policy. MY son can not sign because he is studying abroad last 2 year. There is no question of his signing and signature is fraud. I want compensation for 'stress ans inconvenience'.
On 10th of Feb. I received phone from reliance customer care, I had explained them of fraud signature. I told them to take action against those involved. I gave them phone numbers of those persons involved. They told me they will definatly do inquiry and take action against those involved and I will get my money back.it will take some time to do inquiry. Next day I received E mail from Reliance customer care saying am I happy with what telephonic talks with reliance representative.That was a conformation of my complaint.
I was waiting for their inquiry to complete. I waited for 3 month but there was no reply from their end. So I e-mailed them again on May first week. On 15th of may I received phone call form reliance customer care (Mr. Vishnu) and he said to send written request to their ghatkoper office as well as to their main office. I did so and on 23rd of may I received their registered complaint no. (complaint no. [protected] / 1 for policy no 18387506 and complaint no. [protected]/1 for policy no[protected]. After few days I received another E-mail stating to send my sons authorized signature proof. I sent his passport Xerox on 25th of june.2011. I could not send before as their ghatkoper office was shifting from 15th june to 25th June ,finally I send through their ghatkoper office.
For few days they did not reply so I again sent E mail to them stating please do inquiry as early as possible. But regret to say that on July 20th I received mail from them which state that –Any changes to your policy can be made only during free look period which is within 15 days of receiving policy document. we regret to inform you that your request has come to us beyond stipulated freelook period we are unable with your request for changes in your policy.
I am fighting here for fraud signature of my son in the policy as my son is not in india and he can not signed. Also I had complaint to them immediately after I received my policy without any delays. I received even answer also from them.Yesterday I wrote to them I will police complaint for fraud signature if not solved my complaint and punish those persons who are involved.
Dear sir please guide me how can I go about it,.
I will be really grateful to you if you assist me in getting justice.
Hope for best
Thanking you

Yours faithfully

Vivek shantaram desai

Dear Sir,

I am following up since 1 month for this issue of wrong trade in my DMAT account.

Infact the trade is 6 months old but have started following up since 1 month. Infact they should have came up for the same issue.

Now they say that the issue is due to faulty selection from online system. I had sufficient quantity of shares in my dmat account and the same was bought automatically by system. Is this my problem??????????????

I would also appreciate if this was told earlier or communicated well in advance.

At the time of account opening people come and tell blah...blah.... from their end and while rendering services its the real test of the magnitude. But I am afraid this is not the kind of service which is expected from people in service industry.

Do they assume that this is the only account we have or operate.??? We have other accounts but we dont face such problems or the problems get resolved instantly. This is not the kind of response we receive from people of service industry.

This is all dramatic....... poor service by a reputed company... that is all we can say.

Thanks,

Kushal Desai
+91 [protected]

Dear Sir,

I have an demat account with Reliance money.

Sicne day one I have operated this account by making a call , I have never made transaction through internet banking.

In this account company has charged (limit card) charges repeatedly. I have sent a mail for clarification but unfortunately no response I have received from company side.

I have not close this account because I have equity shares which are below purchase price.

so please help me in getting solution.

Detail is as under.

PAN NO - AMXPG5120A
DEMAT AC ID - BHGA009E
AC NO - misplaced ( but above information is enough to get my account no)

Thanks

Bharti Ratnadeep Gaur

Sir,
I Client Name:Archana Khare, Cliant Code:A00098031,Demat Account:[protected] a registered client of Reliance Money. The company advertised an scheme as-Plus Multiplier which is a product that offers approximately 10 times exposure in cash segment, 8 times in stock futures and 15 times in index futures. After my request for Super Multiplier they advised me to change my account from Limit Card to % Brokerage. I changed that but they sanctioned only PLUS MULTIPLIER and giving me 10 times exposure on cash only and not 8 times & 15 times exposure on Stock and Index Future respectively. So it is clear that R-Money is not fulfilling its commitments and trying to be fool their customers.That is a fraud against consumers and they wasted my two months that's why the company is liable to pay a sum of Rs.500000.00 as compensation to me for my time, mental and wealth loss.

one day one relaince advisor call me up n advise me to buy reliance money multiplier plan ... he has maild me the benfits of policy which are as followd :



Dear Sir,


we are please to inform you that reliance life insurance has launched
a advertising product through which company is providing lots of
benefits to the client.


The concerned benefits are as follows................

You need to provide 30000 rupees for 5 years.
After 5 years company would provide you total 2.40 lac rupees.

Apart from that you will get Agent commission for two years within 65 days.


we are also providing mediclaim for rupees 4.90 lacs for the 4 members
of the family 25 years. and a life insurance of rupees 3 lacs for 100
years.

Apart from that there would be a 80(c) and 10(10)(d) tax benefits.

but wen i got the policy documents i came to no that life insurance of rupess 200000 only n they had told me 300000... n afterward wen i called him to he was like its promotional product for selected customer so we will send u the others documents after 15 day... but after 2 months i havnt received any documnets yet .... n i called customer care n ask him is this policy provide all this benfits... he said nno sir this benfits is not for this policy ......so b aware of this kind of call ...
nw i wanted take action agains them so plz help me out.........

I, Omvir Dagar, had applied for 350 shares of NHPC at the time of its IPO on 10.08.2009, online on Reliance Money. Transaction ID was 181227, Application No. 23560074, IPO Name - NHPC Limited, Exchange Confirmation No. [protected]. The amount of Rs. 12600/- was deducted from my account. I was not alloted any share in the IPO, however no refund of Rs. 12600/- was ever given to me. So i request you to please look into the matter. If the issue is not under your capacity, you are requested to forward it to the concerned person. I had contacted Reliance money (Client ID[protected] several times and they replied that i have to contact Karvy (The registrar of the issue).
I sent email to karvy on 25.10.2010. Now more than 5 months have passed again but no response to my problem.
Please help me. My contact No. is [protected]
Thanking you in anticipation of your cooperation in solving my problem.

hi,
My name is seema goyal i have an account in reliance money.On 1st Feb 2011 i have transferred Rs. 50000 my NEFT. The bank has done there work infront of me in 5 min but it is getting delayed by reliance money. When i call the local number of reliance money branch,agra they keep on saying today we will do it. But till now the money is not been credited in my account. This is very pathetic and i feel why i had opened my account in reliance money.

I submitted my redemption request for folio [protected] on 6th November 2010. Reliance MF informed me on 11th November that they have processed redemption and sending proceeds by RTGS to my registered bank account. Again on 12th they wrote that they have sent redemtion cheque by SreeTirupati Courier consignment 2121. But on tracking Courier said "Sorry no records". On lodging a complaint with Reliance MF, Karvy and Tirupati Courier, nothing happened even upto 24th November. On further enquiry with Rel MF, I was told by telephone that my matter will be settled by 30th November 2010. Is it the way Mutual Funds Industry or more supposedly top MF as they advertise, works? How to arrest this wrongful use of investors funds for weeks or months? Any regulations against this menace?

Further today 24.11.2010, when my office contacted Reliance Mutual Fund, Delhi, they washed their hands by saying, we have already sent the redemption cheque by courier. But they did not provide any lead fat which branch of Tirupati Courier office they have posted the cheque. Tirupati Courier Office created cyclic problem by asking, provide the branch where Reliance posted the cheque or they can't help even if their consignment number and date of posting are provided. It looks, Reliance plays the game to use investor money as float! Or is it serious callousness as there is no pressure from market?
Simita Mishra

Hi, this is my compliant against Reliance money trading account provider. I have my wife trading account (JAKO0081) at ‘Senapati Bapat Road’ branch. We are holding this trading account last 1 year. But on Monday I observed that one transaction has done on this account without our notice and because of this transaction it made me Rs. 10500 rupees loss.
Last 2 days I am following these local coordinators RM, dealer and main branch head. But they did not properly coordinating me or telling me who did this transaction. This entry details are as below

Exchange Segment NEST Order Number User Id Account Id Trading Symbol Order Type Request Id Buy/Sell Product Type Validity Total Qty Pending Qty Disclosed Qty Price Trigger Price Average Price Traded Qty Status Rejection Reason Nest Update Time Exchange Order No Exchange Time Stamp Instrument Name Order Gen Type Order Source Modified By User Good Till Date
NFO 1.01E+14 70010712 J00053401 NIFTY10NOV6300PE LIMIT 1 BUY NRML DAY 50 0 0 0 0 309.95 50 complete -- 16/11/2010 15:22:11 2.01E+15 -- OPTIDX -- TWS -- --
Could you please help me, what will I do? And guide me to resolve this issue.

Thanks
Rupesh Kodilkar

This is a complain against a problem.i m continuosly trying to log into my reliancemoney trading account.But it is showing that client has been locked and contact administrater. Why this problem is happening.Is this any technical issue or it has been locked by the authorities.And if it is done so,then why is reliancemoney doing this kind of things with their customers.
Please help me out in solving my problem regarding locking of my account.(Locking the client).
And help me out in knowing why is it written Client is locked,although i m typing the correct password and customer id.I m unable to log into my account from the last two months,and my money has got stuck in it.please help me regarding this problem soon

Dear Sir,

I am using Reliance Money for share trading. Earlier there use to be a very usefull tool Portfolio detail, where one could know the details of stock holdings most importantly cost/price at which it was purchased. This report use to help decide current situation of the stock, based on which one can decide to sell/buy etc.

Since last one year this facility is absent and there is no other way to know it as well. I have raised several complaints with RelianceMoney but of no avail.

Please look into this and help get the report service re-activated.

Regards
Shankar

Dear sir,
this is kamlesh soni writting to seek your help in my pf issue. After getting all the papar work done from my company Reliance money where i worked for near about 2years, i sent my provident fund clearance document to PF office mumbai by couriar. I was told that it takes about 6 months to get the money but till today it is more than 6 months and nothing has been credited to my account.
therefore i request you to look into the matter .
looking forward to your cooperation.

regards,
kamlesh soni
emp id [protected]
my pf no - DL/24754/34514
Mobile-[protected]