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Reliance Money Complaints & Reviews

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Updated: Apr 30, 2025
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Reliance Money reviews & complaints page 15

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T
tapek riba
from Guwahati, Assam
Jul 15, 2009
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This is regarding cheating business of reliancemoney mall. i ordered 1 8gb spycam which was promptly delivered to me. the product received was a dammy model which was useless. when contacted they promptly gave a postal address for returning & replacement. but ever since return of the product they r neither responding any email nor phone calls. They are cheaters in the name of ANIL DHIRUBHAI AMBANI GROUP. Anil, are u not listening?
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    PARMAR DHIRENDRASINH D
    from Hyderabad, Telangana
    Jul 10, 2009
    Resolved
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    i had opened online share trading account with reliance money on oct2007 that time they given Rs.700
    for account opening with that Rs500 of limit card thery have given free.i havenot account till date.

    they debited Rs.5717 charege and then creadited Rs5217 being limit card that i have not demanded and
    remaing Rs.500 debited being reversal of limit card.

    i also sending you leader report below.

    Reports for Date range searched 04/01/2008 to 07/08/2009 OpeningBalance: 00.00
    Closing Balance: -654.50
    SR No Transaction Date Narration Exchange DTD Cheque Debit Credit RunningBalance
    1 Sep 10, 2008 DP AMC CHARGES FOR 07-08 NSECM 12.50 0.00 -12.50
    2 Sep 11, 2008 DP AMC HALF YEARLY CHARGES 0809 NSECM 25.00 0.00 -37.50
    3 Sep 19, 2008 SERVICE TAX ON DP AMC HALF YEARLY CHARGES 0809 NSECM 3.09 0.00 -40.59
    4 Sep 19, 2008 SERVICE TAX ON DP AMC CHARGES FOR 07-08 NSECM 1.55 0.00 -42.14
    5 Oct 01, 2008 PAYMENT FOR CDSL DP BILL NO - 0040/1280181 OF CLIENT - [protected] FOR THE PERIOD 01-SEP-2008 TO 30-SEP-2008 NSECM 112.36 0.00 -154.50
    6 Mar 31, 2009 BEING LIMITCARDCHARGES - 31/03/2009 NSECM 5717.00 0.00 -5871.50
    7 Apr 17, 2009 BEING LIMITCARDCHARGES REVERSAL -31/03/2009 NSECM 0.00 5217.00


    so please do something about such harrsement to small inventor.
    Aug 14, 2020
    Complaint marked as Resolved 

    Reliance Money — Non credit of shares in reliance money account

    Hello Sir/Madam
    I have not got shares creditted in my account.
    I have got directly third reminder to give dp id and client id.

    When trying to submit the dp-id and client id, giving error that dp-id is invalid .

    Kindly do the needful.

    Details are as follows:

    Application Number : 24838640
    Dp id : 13041400
    Client ID : s00071624
    Ref order No: 2235456

    Name : Subodh Kumar
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      K
      Kirti Verma
      from Jaipur, Rajasthan
      Jun 14, 2009
      Resolved
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      Respected Sir,

      I am a student of IBM, CSJM University, Kanpur. IN the month of April, 09 Reliance money Infrasstructure Ltd.came into my college for summer training placement.At the time of presentation given by their executives about HEADSTART TO LEADERSHIP programme they said that:-
      1- there were no target is provided to students only studies and practical knowledge provided under this training.
      2- Training period is 3 months.
      3- Rs. 2000/- per month paid as a stipend by company to trainee.
      4- Participation Fee is Rs.1000/- for whole programme such amount is promised to return after the completion of training.

      On the basis of such offers me and around 43 students of my college enrolling themselves under this programme by depositing DD of Rs.1000/-.But when we joining the company Reliance Money on 6th June, 09 (at civil lines, Near Stock Exchange, Kanpur, ) Our mentor giving us following compulsory targets of whole training period in first class:-
      1- Opening of one Demat A/c
      2- One mutual Fund investment &
      3- One Life Insurance Policy of Rs.15000/- p.a Premium.

      After two days he said that above written targets have to done in two different months.That means we have to open two Demat A/cs, Two mutual fund invesment, & two Life Insurance.
      At same day he said that training period is become Two months.
      Our trainer is always providing information about their product which we have sale in our relations.Like Reliance Infrastructure fund.
      Next day, he said we have to accomplish two more Insurance policy compulsory.

      When we want to leave the company then we demanded for Rs.1000/- But our mentor said that it will be not refundable.

      So, kindly I request to please refunded my money back I don't want to continue with this Company.

      Thank You.
      Aug 14, 2020
      Complaint marked as Resolved 
      i am from allahabad, i am facing same type of problem.
      at the time of presentation executive say that the non compulsory target of one unit(1 dmat, 1 mutual fund, 1 life insurance) is available and this target is whole nine month, but at the time of joining it is for every month of training. certificate should be issued whether target is fulfil or not. and Rs. 1000 is refundable.
      i am from rajahmundry one of student of "headstart to leadership programe".when i joined they said there will be no targets but they forced me to do L.I, M.F AND D MATS.Even i finished my targets i did't get my stifund and the certificate of that programe. how can i get my stifund and the certificate of training i had done 80000 of L.I, 4 D MATS and 2 M.F. apart from that icame to know that you have started recruiting process but i did't get any information from the respected authorities
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        M
        MAHA SINGH
        from Ambala, Haryana
        Jun 13, 2009
        Resolved
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        Dear Sir/ Madam,

        I am a demat account holder in reliance money. My client id is M00078131 and Demat Account no. is [protected] and my PAN no. is AGOPS0140F. My DP details are as follows -

        DP ID: NSDL CM-BP ID: IN563575

        DP ID: CDSL:[protected]

        When I opened my account with Reliance money at Panipat (Haryana) and I flatly refused for any assisted trade by franchisee as it costs 15 Rs per trade. Today I checked my ledger report and found that in spite of my refusal for assisted trade they have charged mandate charges 15 Rs per trade and total 5055 Rs with out any justification because I refused for any assisted trade in the starting itself. How can they make change in account opening application form after my signatures. When I contacted to reliance money bombay cpntact no. then I was told that I requested for assisted trade. I want justice in this regard as it's not fair to charge for the services I am not using. Kindly help me in getting these charges back and such brokers need to be scolded so that they don't repeat it with innocent retail investors. I hope you will help me to get justice.
        Aug 14, 2020
        Complaint marked as Resolved 

        Reliance Trading Account — Hidden Charges being passed on

        Hi I earlier own a trading account Cum Demat account with HSBC.
        In 2007, during RPower IPO, Reliance Money floated a trading cum Dmat account with annual charges for DMAT =Rs 50/annum and Trading account Rs 500/- min Charges/annum. under ID 'bhku0089' DMAT AC [protected]

        However on rarely using it for a year or so, Suddenly I saw my ledger statement for this fiscal, with hidden charges as follows
        1)9 June 09 amount - Rs 92.65
        2)7 July[protected] Rs 225.01
        3) 9 August09 ---- - Rs 225.01
        In addition to above it started charging Rs 15/- more per transaction including intra day. Not to say before buying their so called prepaid card, whose turnover limit they reduces from time to time to their convenience and at the customer cost.

        Despite my complaint more than 3 week, they did not bother to acknowledge it, what to say of redressal. Even Help desk is pathetic.

        Please help me out and do not fall prey to Reliance Moeny, as am regretting to switch over my previous DMAT service provider who provided no hidden charges for 6 years of services. Any feedback on other DMAT and Trading service provider with good reputation and services.?


        Regards
        B M Kukreti
        New DELHI


        Thus
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          M
          Mukesh kumar
          from Bengaluru, Karnataka
          Jun 11, 2009
          Resolved
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          Hi,
          This is the bigest cheating done by Reliance money, In my account I had 10, 000 Rs but one fine day I found that it is showing negative balance of 1.8 Lakhs Rs in my RelianceMoney account.When I contact customer care regarding this, they told me that margin trading of 5 lakhs has been done from my accound and due to this my balance is showing as nagative 1.8 lakhs.I don't how this transaction is showing in Reliance meney, which I have never done and it could not happened also since I had just 10K in my account.After taking this matter to senior Reliance money executives they accepted the system fault if just 20K but still they are just accepting the whole 5 Lakhs transaction was faulty. Please let me know what I can do?otherwise I will be forced to take this matter to consumer forum.

          Name:Mukesh
          Mobile : [protected]
          Aug 14, 2020
          Complaint marked as Resolved 

          Reliance Money — reliance money - a cheat

          1. Rs 1000/- has been charged to my account on account of limit card charges (whatever that means)... i was told i enjoy a transaction limit of Rs 500000/- (margin+deliveries), which got exceeded and hence the card got renewed (automatically without my consent?)... this is something which is new to me and was not informed when i opted to open an account with RELIANCE MONEY They are already deducting huge brokerages... the why this charge?

          2. the scheme that i originally subscribed for was changed without my knowledge and consent... i understand the scheme i subscribed for was free and only brokerage was chargeable... who authorized the same?

          3. the trades get executed in your account at your prerogative and time and not that of the customers... for example, when a specific scrip is at Rs 100 and i put a say buy order i get it at Rs 102 (+2%), even at a time when the scrip appears have a lower ask-rate... is reliance money trading the scrip at lower cost but transferring at
          a higher cost to its customers? Also, there have been several occasions where 'market' trades have not been executed... how is that possible?

          4. There trading platform is extremely slow and investors generally lose their money here

          5. Whenever there is a huge volatility in the market you will find their server being ungraded

          6. They only uses IE6 browser... the trading platform would not open in other lighter and more secure browsers...

          7. Their customer grievance cell is completely inactive... i requested them to furnish me details of their branches in hyderabad and procedure for tranferring my investments to another account, but they are yet to get back to me with the details
          You are right

          reliance money are no 1 cheaters. No professionalism.
          Lets all go to consumer court.
          Some correction

          Hi,
          This is the bigest cheating done by Reliance money, In my account I had 10, 000 Rs but one fine day I found that it is showing negative balance of 1.8 Lakhs Rs in my RelianceMoney account.When I contact customer care regarding this, they told me that margin trading of 5 lakhs has been done from my accound and due to this my balance is showing as nagative 1.8 lakhs.I don't how this transaction is showing in Reliance meney, which I have never done and it could not happened also since I had just 10K in my account.After taking this matter to senior Reliance money executives they accepted the system fault of just 20K, but still they are not accepting the whole 5 Lakhs transaction was faulty. Please let me know what I can do?otherwise I will be forced to take this matter to consumer forum.

          Name:Mukesh
          Mobile : [protected]
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            K
            KUNAL MEHTA
            from Mumbai, Maharashtra
            Jun 10, 2009
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            This is a letter i sent to reliance money today. I want to have strict actions against this. This is simply injustice to small traders. In this only RELIANCEMONEY is making money.

            I hope goverment will take appropriate measures against this.
            [protected][protected][protected][protected][protected][protected]

            Dear Manager,



            This is regarding charges of Limit card turnover in OPTION LOT ofn FNO segment. Today i bought option put of NIfty with strike Price of 4000.00 @ Rs. 9.65. But as per your Customer care

            my turnover limit will reduce by

            [ 4000.00 (strike price) +9.65(buy price)) X ( 50(lot size) ]=200482.5 Turn over.



            He said, my Limit card will get reduce by this much amount. This is really insane charges.

            My existing limit balance is somewhere around 4.75 lac.



            Your formula needs to be revised for Options. Since, i am buying in OPTIONS and not in FUTURES.



            As per your formula my limit will reduce for same amount irrespective of whether i buy Future or Option LOT.



            Please clarify following. No other brokerage house charging so much.

            I am satisfy with your equity but i am really not willing to continue with your service due to this Option Lot problem.I was thinking to start commodity account in reliance money. But i will hold my decision untill this get resolved.

            Reliance Money — unreasonable charges

            i have open account through Franchisee. then i have charged as mandate charge though i trade from home or cyber net. to get rid of this expenses i am told that i have to quit from Franchisee. and so applied and i get rid from this.


            but before 1.5 month i am charged this expenses from my account once again . "YE RELIANCE WALE CHOR HAI"
            I am also facing this problem. I have sent mail to customer care, but i didnt get any reply so far.
            bad bad ADA RM bad
            Dear Mr Mehta,

            I am fully agree with you. Reliance money is charging huge brokerage charges. I am also a victum of their unreasonable charges. I also trade in options and futures. Do contact me on [protected]. I am posting a letter here which I have sent to them. This will show the malfunctioning of this organization. My only advise to you to break all the relations with them otherwise be ready for facing other things which one could not imagine. I am in the process of filling a suit against them in the public consumer court. The copy of letter:
            4/9/09
            Attention: Reliance Money Authorities:

            With Reference to my customer complaint no: 2677150 dated 13-14th Aug 2009. You people are keeping on harassing me and giving me mental torture as I am a victim of your senseless and unreasonable brokerage charges. You don’t understand the value of time of an ordinary investor as there is no impact on you of my humble complaint made earlier. For how many times I should make an effort of reminding you to return my money which is going to be deducted again and again by your faulty software system. This is my final warning to you people after this I am going to explore various options like complaint in SEBI, Suit against you in Consumer Court i.e. in Gurdaspur, Punjab and Complaint in NSE Delhi and also the Media like CNBC Awaaz and also in the print media as it will be a good case study for other stake holders in the financial services industry as to how your faulty behavior is responsible for leading a valued customer into the agitation process. Followings are the sequence of events:

            DATE Wrong Brokerage Debited By You as Limit Card Charges (in Rs.)



            (A) Brokerage Credited By You as Limit Card Reversal Charges after my complaint dated:13-14 Aug
            (B) Actual Brokerage Re-Charged by you as Limit Card charges which are corrected after my complaint. (C) Brokerage/Limit Card Charges Yet to be credited/ Reversed/or My Money Yet to be refunded by you
            (A)-(B+C)
            11/8/9 1000
            12/8/9 1000
            13/8/09 31000 1000
            13/8/09 11500
            17/8/09 8500 37000
            17/8/09 4000
            02/8/09 5000
            Total 60000 37000 3000 20000

            With reference to above table, About Limit Card Charges Rs. 5000 you charged me as on 2nd sep 2009 note that I have already a limit of Rs. 87 lacs as margin turnover and Rs. 10 lacs as delivery turnover available for me as on 1st Sept 2009. I have not purchased/opted for Rs 5000 limit card again your system automatically charged me. Why should I purchase this 5000 card as I have already a limit available with me????????. Shame on you people as you again and again repeating the same mistakes and playing with investors hard earned money.

            You take note of my this email as a notice period for you people. Return my Rs.20000 with in 5 days. Otherwise I have no options left but to go for hard options.

            Manan Mahajan

            MAMA0015
            M0012921
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              K
              kanchanakumar
              from Bengaluru, Karnataka
              May 29, 2009
              Resolved
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              Resolved

              I am unable to log on to the ticker plant in the insta trade and hence unable to trade in the shares that I have purchased. Inspite of repeated complaints to their website and phone calls I have not received any help from the reliance money.
              Aug 14, 2020
              Complaint marked as Resolved 
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                P
                p n sinha
                May 26, 2009
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                Dear all,

                This is only to warn against fraud of reliance money mall . these people are just making money by booking the product on credit payment but not delivery the product .
                after cotacting the coustomer care they are giviny just couier name which not going to deliver the product.
                just beware of this fruad reliance money mall.
                I absolutely agree with you. They debit the amount immediately and it takes ages and tons of email follow-up to understand that their local courier service doesn't cover the area and they ask us alternate address. Why the hell should they accept the order in the first place for an address fed online. My order was for a different product and the one delivered was a different one and less in quantity with a worst packing!!!

                I have all the proofs all from ordering till receipt of their aweful shipment!!! I'm just waiting for my one last accountable response from reliance moneymall before they face it!
                i fully agree with the complaint. Their strategy of working is to offer heavy discount to attract customers & then supply useless products. When contacted they quickly respond for the first time & ask to return the product for replacement. But actually they do so that it can be sent to someone else. They are simply taking advantage of reliance group name to cheat customers. every one must join hands to expose such fraud. They are cheaters.
                I fully agree. I wonder why ANIL AMBANI is hooking illegal money. Is the huge fortune left by his father not enough?
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                  R
                  rajiv.manocha
                  from Mumbai, Maharashtra
                  May 25, 2009
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                  Dear All,

                  I've been charged following undue charges under various sub-heads like Mandate Charges, Tele Charges & Account Maintenance Charges

                  1) Please find attached the Ledger Report for the Q4 2009, the total Mandate Charge comes to around Rs.150/ and Tele-Charges of Rs.270/. The Tele-Charges for a single day have been charged upto Rs.60/.
                  The mandate charges are totally unheard of in the relam of stock broking, had such been the case it should have been specifically state at the time of opening of account under Most Important Terms & Conditions.

                  I'm a seasoned equity investor and under none of the circumstances prefers placing order via tele-trade, as can be very well verified from my transactions. The only reason for placing order via phone has been your web-servie not executing orders and it is absolutely out-of-question to be charged tele-charges when your web-based services were not functional.

                  The charges also includes a lot of charges under the head ' Payment for CDSL DP BILL No - 0040/1873260 of Client - [protected] for the period 01-DEC-2008 to 31-DEC-2008' the same should be part of contract note and I've not seen any such charge being levelled by any other broking house.To top it some of the narration doensnt even mention the Bill No.

                  3) Rs.171/ of charges under 'Mandate Charge', Tele-Trade & Payment for 'CDSL DP BILL No - 0040/547130 of Client - [protected] for the period 01-JUL-2008 to 31-JUL-2008' during the July to Sept/2008 Period.

                  2) The cash ledger for Q3 FY 2009 ie. October/2009 to December/2009 is not provided.

                  3)My account was opened during June/2008 and an A/C Maintenance Charge of Rs.100 is deducted in the Bill for the period 01/09/2008 To 30/09/2008 with Bill No as 0040/1492543, and there is a mail from Customer Care dated 2nd of December with BO Id as [protected] under subject 'Sub: DP : [protected] - Outstanding Demat Account Annual Maintenance Charges' for outstanding Account Maintenance Charges. If A/C Maintenance Charges are deducted in September, how can under any circumstance the same again be due in December of the same financial year..Please explain.

                  My details are as under

                  Name : Rajiv Manocha
                  Client Code : R00086132
                  Client Id. : RAMA05EB
                  Branch : 00018
                  Sub Broker :[protected]

                  It is requested to either clarify all the above concerns or I would rather love to close my account and continue trading with MOSL/ICICI Direct with a transparent and honest brokerage than your fraudulent system.

                  It really is height o[censored]nethical behaviour and fraud that reliance money is perpetrating with email being conveniently sent to the account holder in an account that has more advertisement banners on the page than anything else.

                  Thank You

                  Regards,

                  Rajiv Manocha
                  Aug 13, 2020
                  Complaint marked as Resolved 

                  Reliance Money — charging additional anual maintenance charges for no reason

                  Reliance Money is charging additional anual maintenance charges for no reason and without customer's knowledge
                  Yes, I am also facing the same problem with the reliance money
                  I too had the same problem.

                  I am very new to RM. I have opened the account only last month some 3rd or 5th july. But I have been charged Rs.178.69 for the period of 1st july and 31st july.

                  I have started any trading so far.

                  Both Rajaji Nagar phone and Cambridge phones are not working?

                  Any bangalore people tried contacting these numbers?

                  These people are FRAUD.
                  Please read the above text as...

                  I haven't started any trading so far.
                  Hi,

                  I am totally agree with your point

                  Reliance money have charged the hefty amount from my account on behalf of "CDSL DP BILL No ...".

                  They charged such amount every month. I asked them many times but they did not give any satisfactory reply.

                  There is no customer care and you need to call branch office everytime and they provide worst customer care services to their customers.

                  Best Regards,
                  Ashish
                  please tell me letest brokeage charge
                  Reliance money is a scam cheater fraud chor everything that is bad in this world, its a warning for evey one who want to open demat with reliance money.
                  Never never open an account with reliance money.

                  Reliance money go to hell.

                  their charges are always hidden.
                  their customer services are chootiya. means illitrate 'unpadhr'.

                  they always seek bakra means customer after opening their account they think that customer money are
                  there baap ka money and charge fee without providing any services.

                  Reliance name is the worst example of bad services.

                  reliance means bad, not bad worst services.

                  Last but not least reliance money ki ...Please understood.

                  humble request dont be a customer of reliance money...
                  Hello everybody,

                  It is high time we educate people that reliance money is cheating the innocent and novice custoers with a number of hidden charges.

                  I am using the Reliance Money for trading for the last one year. I had little knowledge of trading and charges levied by a broker. As a novice in the job i was totally un-aware of being cheated by rmoney for last one year. Only few days back i could learn that other brokerage houses don't charge CDSL Bill and many other numourus charges. Hence I have decided to close my R Money account and start trading with any other broker.

                  Thanks and regards

                  Sukanta Sarkar
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                    R
                    rajib rudra
                    from Kolkata, West Bengal
                    May 8, 2009
                    Resolved
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                    Resolved

                    I have received pan no last year but till now i am not received hard copy, my paN no is ALBPR666Q.
                    how to collect my pan card.
                    Aug 14, 2020
                    Complaint marked as Resolved 

                    RELIANCE MONEY EXPRESS LTD — VOTER I CARD NOT COME IN HOME

                    DEAR SIR/MADAM,

                    I AM COMPLAINT THAT MY(NAVEEN CHANDRA) & MY WIFE (BHAWNA DEVI) VOTER I CARD NOT COME IN MY HOME OR VOTER I CARD OFFICE TILL DATE.
                    I AM APLIED ON 01/09/08 ON 69, MASTAFABAD PART NO 101 POLLING STATION AKASHDEEP PUBLIC SCHOOL.
                    PLS GIVE THE STATUS ABOUT MY VOTER I CARD BECAUSE I NEED URGENT FOR OFFICE WORKING.

                    NAME : NAVEEN CHANDRA S/O SHRI GUSI DUTTA &
                    MY WIFE : BHAWNA DEVI W/O SHRI NAVEEN CHANDRA
                    ADD : B 201, NAHRU VIHAR, KARAWAL NAGAR ROAD, DELHI 110094

                    PLS GIVE THE STATUS AS SOON AS POSIBLE.
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                      S
                      Sand
                      from Mumbai, Maharashtra
                      May 5, 2009
                      Resolved
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                      Resolved

                      Hi,
                      I have an account with Reliance Money. They created lots of problem in my account, gapla and fraud. Due to this I lost around 80000 Rs. I complained to their customer cour but they dint reply properly and always gave false promises. I was pissed off with them and stopped trading with them from Nov2009. Their Customer support dint reply back so I was unable to close my account. finally, in last week of April I sold all my stocks [worth Rs 2500] as I wanted to close the account.
                      Now, they charged me Rs 1000 as trading fee without my concern. when I contacted their customer support they said it will not be refunded as it is trading fee and u have exceeeded the time limit allocated to you. They created issue and dint reund my money. On top of this now they are not even refunding my 1000 Rs. which they have charged me for not using my account.

                      they need to allow me to withdraw all my money and also not charge this 1000 Rs
                      Aug 14, 2020
                      Complaint marked as Resolved 
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                        V
                        Vinit Tarachand Dedhia
                        from Pune, Maharashtra
                        May 5, 2009
                        Resolved
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                        Resolved

                        HI,
                        I AM REALLY FED UP OF RELIANCE MONEY (CHOR’S). I HAD OPENED THE A/C WITH RELIANCE MONEY IN AUGUST 2008 AND SINCE THEN I AM FACING PROBLEMS WITH THEM.FEW DAYS BACK THESE CHOR’S DEDUCTED RS. 2416 FROM MY A/C GIVING THE REASON AS LIMIT CARD CHARGES SAYING THAT IN OUR SYSTEM BI-MONTHLY CARD WAS SELECTED. WHEN I HAD OPENED THE A/C I HAD OPTED FOR PR 500 CARD(FOR WHICH RS 500 WAS DEDUCTED AT THAT TIME). THIS CARD WAS VALID FOR 1 YR WITH A TURNOVER OF 5 LAKH RS. TILL NOW I HAVE JUST TRADED 2 TIMES (WITH A TURNOVER OF LESS THEN 2 LAKH). AFTER CALLING THEM 100 TIMES AND FOLLOWING UP FOR MORE THEN 45 DAYS THESE CHOR’S FINALLY CREDITED THIS AMOUNT TO ME.
                        AFTER THAT THEY AGAIN DEDUCTED RS 500, AGAIN GIVING THE REASON AS LIMIT CARD CHARGES SAME REASON THAT IN OUR SYSTEM BI-MONTHLY CARD IS SHOWING. AGAIN I AM CALLING AND FOLLOWING UP WITH THEM SINCE MORE THEN 45 DAYS AND THE REASON WHICH I GET EVERYTIME IS THAT WE HAVE ESCALATED YOUR ISSUE TO HIGHER AUTHORITIES AND THEY WILL GET BACK TO ME. INSPITE OF ME EVEN MAILING THEM I HAVENT RECEIVED ANY SINGLE RESPONSE TILL NOW FROM THEIR SIDE.
                        MY FRIENDS, PLEASE DON’T OPEN A DEMAT A/C WITH RELIANCE MONEY, THERE ARE MANY OTHER BROKERAGE HOUSES WHO CAN OPEN AN A/C FOR YOU. IF YOU HAVE A/C WITH RELIANCE MONEY I WOULD ADVISE YOU TO GET IT CLOSED ASAP. YOU NEVER KNOW WHEN THESE CHOR’S WILL DEDUCT MONEY FROM YOU’RE A/C. I HAVE BEEN FIGHTING TILL NOW AND STILL HAVENT RECEIVED MY MONEY BACK. MY SISTER HAS ALSO FACED UN NECESSARY DEDUCTION OF BALANCE FROM HER A/C. BOTH O[censored]S ARE GOING TO CLOSE OUR A/C WITH RELIANCE MONEY.

                        MY COMPLAINT NO: 2211613.
                        HOPE SOMEONE LOOKS INTO THIS MATTER SERIOUSLY.
                        Aug 14, 2020
                        Complaint marked as Resolved 
                        never go for reliance product
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                          A
                          ASHOK KUMAR PAL
                          from Pune, Maharashtra
                          Apr 20, 2009
                          Resolved
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                          Sir,
                          Pl. clarify my limit card charges on dated 15/04, 18/04 &20/04/09.I hope my limit card charges are deducted to much high/wrong.I request you to deposit the deducted amount to my Demat account early as possible.
                          Thanks.
                          Aug 14, 2020
                          Complaint marked as Resolved 

                          RelianceMoney — DEDUCTION OF WRONG LIMIT CARD CHARGES

                          Sir


                          I have opened a Demat and Trading account in Reliance Money in august 2007 ( DP-ID[protected] & BO ID[protected] with reliance capital ltd.) with Bi-montly plan Rs. 500 on which I got 10lakh turonver limit of delivery and 90lakh of margin limit. On oct. Ist again I choose the plan 500 Bi --monthly . On Dec. 6, I choose PR-500 plan on which my limit card validity increased to 365 days along with turonver limit also increased.

                          Complaint no. 800068 dated 7th march 2008 and 1087914 9th may 2008 in reliance customer care .

                          On 18th february and in Ist march they have deducted Rs. 500 each i.e Rs. 1000. Despite of repeated complaint they have not return the amount into my account . Instead of refund the account they made another limit card report N[protected] which is fake.
                          When I received a mail dated 09.05.08 I am very much surprised they have changed the whole plan . Instead of Bi-monthly 500 PLAN they made limit card statement by PR-500 plan. They have done blunder mistake by which they have to answer in the consumer forum .

                          Why they change the plan without my permission. They are forgering with the customers.

                          WHEN I ASKED TO MR. SAMEER KHAN ( LOCAL BRANCH CLUSTER HEAD - MOB. [protected]) THEY SAID I AM NOT RESPONSIBLE . MY WORK IS TO OPEN AN ACCOUNT ONLY . AGAIN BAD BEHAVIOUR COMES FROM MR SAMEER KHAN AND MS. RICHA JUNEJA FROM YOUR LOCAL BHOPAL EXECUTIVES. THEY SAID GOTO ANY WHERE IF YOU WANT TO DO COMPLAINT AGAINST ME.

                          MR. SAMEER KHAN BEHAVE WITH ME IN A ABUSIVE LANGUAGE REPEATEDLY.
                          I DONT KNOW WHY YOU RECRUITT THESE TYPES OF ABUSIVE EXECUTIVES . THEY DON NOT KNOW HOW TO MAKE AND BEHAVE WITH THE CUSTOMERS.
                          Dear Sir, Madam

                          My self Mukesh kumar Nangia my Clint. Id is M0006792 I am compliant about your limit card Charges, Charged by you on dt 30/06/2008 after that I was complaint many time in your customer support service our complaint No is 1324310. Now I am totally fed up with your service. Please provide me reply about my complaint and reverse the limit card charges because I not required your limit service because I am small investor not cross the 5 lac limit. Please take action as soon as possible.
                          Hi,
                          I am Basha. Initially they debited RS 17, 500/- from my ledger as part of limit charges when I tried to recharge with RS 2500/-. Since they deducted RS 17, 500/-, my account went into negative. In order to accommodate the charges, they have sold out my dmat shares. I will been calling them regularly, but they are not responding properly. Every time I call, they say it will be reverted back. Because of their mistake I lost the shares. during this period, share price went by 10%. How can i get the my amount back & damage due to selling of the shares from my damt.

                          Can I sue reliancemoney based on this experience.
                          If possible, please let me know where to file a complaint & what is the procedure.

                          Thanks in advance,
                          Basha.
                          i fully agree with you your services is very nice your brokege is much lesser than the other companies . you provide a much better facilities comperision to the others . i wan to know more about your company . plese give some information about your company .
                          Thanking you
                          Rohit Acharya
                          e-mail www.[protected]@yahoo.com
                          SIR
                          AS I COMPAL;INED EARLIER THAT I AM NOT ABLE TO FOLLOW UP YOUR LIMIT CARD CHARGES.IN 30.09.2008 I WAS CHARGED RS 500.00 .
                          SO I FELT THAT I AM UNDER PR 500 SCHEME.SO I AM NOT AWARE OF YOUR AUTOMATIC DEBITS.BUT ON 1 ST DEC YOU AGAIN DEBITTED 500 BUT THE T.O IS ONLY RS 50 TO 70 THOUSANDS.
                          ONCE WE ENTER THE PARTICULAR SCHEME WE ARE IN THAT T.O MODE ONLY.IN YOUR SOFTWARE YOU CAN MAKE USE OF SOME BLINKINKS TO MAKE AWARE OF LIMIT CARD.

                          NOW ONLY I CAME TO KNOW BEFORE TRADING ONE SHOULD LOOK INTO LIMIT CARD PAGE.
                          SO PLEASE ONCE AGAIN REQUEST YOU HUMBLY TO REVERSE THE RS 500 DEBITTED IN MY A/C ON 1.12.2008.
                          HERE AFTER I WILL FOLLOW UP THE NEW SCHEME RS 1000 DEBITTED NEWLY TO MY A/C.

                          YOURS FAITHFULLY
                          PL.RAMAYEE
                          Reliancemoney started cheating customers; without any written statement they are acting on their own to deduct card amounts as they wish.
                          It is compusary for the company to give in writing about their card charges; but they have not done so.
                          It is better to escape by switching over other share trading companies,
                          Thay may get more customers similarly we get better service providers.

                          V.Balaji
                          This is absolutely true.

                          They promised cheapest service

                          I invested only 30 thousands in the tenure with Reliancemoney and they have deducted 500 limit card once and 250 maintainance charge(This was not promised) and then recently in Jan my limit card date expaired and as I was not aware of their Limit card concept, So they automatically activated Rs 1000 BiMonthly charge.

                          Means for no Transactions---Rs 1000 for Two months.

                          Are they mad?
                          This is opportunistic approach--This wrong.

                          I appeal this is not fair and is not expected from Reliance.

                          They should stop this immediately---and should think about other proper business strategies that does not hurt costomer.

                          You can not hurt customer and cheat them to make profit.

                          RelianceMoney — Limit card charges--Complaint against reliance money

                          This is unbelievable---They are deducting and charging rampant to gain revenue for the poor company

                          Without informing customer---My god--u cant keep money there--they are theives--and the customer care ppl are gangstars.

                          This is holy

                          RelianceMoney — Limit card charges

                          Hi,

                          I have a Demat account with Reliancemoney(My user ID NISA01A3). Reliancemoney is frequently deducting amount against limit card charges. I already renewed my limit card by Rs.5000/- for whole year on 07/06/2009. This amount was debited to my account on 10.06.2009. Now a days I am hardly doing any transaction, but they go on deducting limit card charges frequntly. They have again deducted Rs.1000/- towards limit card charges on 18.06.2009. During last two months(May and June2009) almost Rs.10000/- Reliance money has deducted towards limit card charges from my account I have already sent so many reminder mails, but no response.

                          Either their sofware is wrong or they are cheating people by doing this kind of activity.

                          I earnestly request you please look into this matter with utomost priority.

                          Thanks,

                          Niranjan
                          Dear Sir,

                          My name is Manohar Lal Arora. I have my user ID is maar0059 and my client ID is M00044005 with you. Why you are deducting Rs.500/- very frequently from my account on account of LIMIT CARD CHARGES. Yesterday on 18/06/09 you have deducted Rs. 500/- & before on 01/06/09 you also deducted Rs.500/-. You are requested to please revert Rs.500/- of 18/06/09 and change my plan because my turnover is you know approxmately 5, 00, 000/- every month. You are again requested to kindly do the same with immediately.

                          Onething is more, you are charging more brokerage than religare. Please quote me your brokerage rate, Brokerage rate of Religare is 1.5 paise for intraday and 15 paise for delivery. Please inform me at the earliest and oblige.

                          thanking you,
                          MANOHAR LAL ARORA
                          [protected]
                          [protected]@yahoo.co.in
                          Respected Sir,

                          Name : SANTOSH KUMAR MISHRA Client Code: S00113009 Demat Acct: [protected]

                          I am suffering from my Trading account from[protected] to till now. I trade in option of nifty 4200 on 06.07.2009 to 14.07.2009. But when I see my ledger report I socked totally. because my balnce gone in negative and. My daily margin turnover shown in limit card report from 07.07.2009 to till now is 74 lack to 95 lack daily. but when I saw my trade history and I calculate my margin turnover from 06.07.2009 to 10.07.2009 Its total margin turn over is 2 lack 99 thousand Four hundred 15 only ( 06.07.2009 to 10.07.2009)

                          I have previously purchased Limit Card of 1000 Bi-monthly. in June last week. and Its shows my turnover limit for delivery 9 lack and for margin 90 lack. and I totally complete only for margin 2 lack 99 thousand Four hundred 15 only. But its auto purchased by your software PR-500 for many times in per day from 9.07.2009 to till now.

                          If my margin turnover limit nil or Zero on 09.07.2009 then Why software allow me to trade Under Margin Section. As you know that PR-500 is my default preference Card for auto assignment and Its Margin turnover limit is Zero. Then why your software auto purchase PR-500 limit card for more that 40 times and till 13.07.2009 my Ledger balance is Debited Rs. 18000 for PR-500 limit card.
                          Please Correct it immediately its your fault and your customer care fault.

                          First time I started Option trading. When I asked previouly to customer care the He always told me that Brokrage charge only 100 Rupees deducted for Margin trading on One time only for Buy not for sale for option call trading. But its too much when I saw my report.

                          Sir I request to you please solve my problem by correct the my limit card and and ledger report. I am very poor and student.I can't suffer this situation. failing which I will suicide. this is only one solution for me.

                          Today I also purchase 2500 (half yearly)
                          Attched files:
                          1.- Ledger Report 2. Limit Card report 3. Trade book History Report
                          R money company is making fool to the public and deducting payment from our account in the name of limit card charges anil bhai itna paisa kahan rakhoge bhagwan ne tumhe itna diya hai kam se kam hum logo ki mehnat ki kamai to mat churao nahi to bahut bura hoga...
                          Hi,

                          Did any of you get back the money. They have deducted more than 34000 from my account towards Limit Card.
                          Please help me, how to get back this money.
                          This is the teqnique used to come this position, always fraud only

                          Reliance Money Trading Account — Unauthorised debit of Limit Card charges

                          Account Charges - Rs. 1, 000/- debit being card Limit on 10th August, 2009.
                          Sreeja Sabu Client Code : S00060448 Demat Account : [protected]

                          I would like to inform you that I have sold my holdings on 06th August 2009 ie 16 shares of Reliance Power ( the one and only transaction I have made in the a/c ) for closing the account with your firm after ascertaining from your office that there will not be any further charges other than already taken. But surprisingly I noticed that my account is further debited with Rs.1000/- being limit card charges, which is highly against the customer. Hence I request you to reverse the fee debited and transfer the amount to my bank account with immediate effect.

                          The above complaint is already emailed to your customer support and customer grievance id but there is no reply at all.

                          Please take immediate action and help me to close the account with your firm at the earliest.

                          Sreeja Sabu
                          I agree. I have also lost 11 thousand when I started trading in option last yr and they deducted amont without any prior notice.
                          I have a D-MAT ACCOUNT WITH RELIANCE MONEY, MY ID IS PUCH0014, THEY HAVE DEDUCTED 1000 IN THE NAME OF CARD LIMIT CHARGES

                          I HAVE WRITE THEM MAIL MANY TIMES BUT ALL THE EFFORTS ARE FAILED

                          PLS TAKE SUITABLE ACTION AGAINST THEM

                          THANKS
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                            Kapil Sharma
                            from Mumbai, Maharashtra
                            Apr 20, 2009
                            Resolved
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                            Resolved

                            Dear Sir,

                            I am holding a Demat account with Reliance Money from more than a year, I was provided with a Security token(compulsory for login to my account) along with my account.This token was of very low quality and got faulty in less than a year time given normal working period of 2 years by the company at the time of taking demat account.I then contacted coutomer care and they told me that I have to order a new dongle and I even did so, but to my great disappontment I didn't recieved the dongle yet as it is more than 3 months now I have applied for dongle also they have deducted Rs 200 from my account for the same.I have complaint them several times by writing a mail to them but I didn't get any kind of reply, due to this I am unable to login to my Demat account and same is resulting my into financial loss from past 5 months but there is no reply from there side.At last I am filing complaint on this site for any kind of help as I am really frustrated now from the kind of responce I got.I just want to close my account with Relilnce Money please help...
                            Aug 14, 2020
                            Complaint marked as Resolved 

                            Reliance Money — Financial

                            Rs 1350/- has been deducted by Reliance Money from my trading account on 16 Apr 08 on account of Limit Card Expenses. I wanted this to be converted to Rs 500/- scheme as I am a very infrequent trader. Therefore I sent 3-4 complaints to them through their online complaint mode and also called them 4-5 times since 21 Apr till 10 May. Twice I have been complaint numbers also - 1059109 and 1011498. however every time I call up, they say they will repond with a suitable reply but they never reply.
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                              M
                              Mohan Rajan
                              from Bengaluru, Karnataka
                              Apr 18, 2009
                              Resolved
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                              I use Inta Trade Platform to trade in securities, I find this platform (Instatrade) very curbsome, it keeps disconnecting frequently, cannot re-connect, should RE LOGIN which is also very slow, its disgusting when we have to do the same over and over untill 3.00 Clock, thereafter it works without any problems.
                              The company chaned to SUN JAVA from MICRO SOFT JAVA versions - I did not notice any change.
                              The Customer care suggected that I should turn off the Windows Firewall for smoother operations of InstaTrade, which I did and lost my Hard Disc (crashed). Customer Service is pathetic .

                              I request the company to solve this problem, I think many who use INSTATRADE face similar problems.

                              THE COMPANY SHOULD ACCEPT COMPALINTS DIRECTLY, NOT OPERATE THRU CALL CENTERS
                              Aug 14, 2020
                              Complaint marked as Resolved 
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                                R
                                Rahul Kumar
                                from Jodhpur, Rajasthan
                                Apr 9, 2009
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                                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.

                                Suggest me what to do and how can I recover my money. Is there need of any legal action.

                                Thank You
                                Plz check what mail I sent to reliance money mentioning all the issue I have faced but there is no response & no resolution.

                                This shows extremly poor management by Relainace. Even So many times I told them that I'll complain in Consumer Court, even they respond that "go ahead & complain"
                                This is rediculas service by Reliance, extremley frustrating.

                                Jay

                                Content of the mail what I sent to reliance money:-
                                [protected][protected][protected]------

                                Hi,

                                Plz revert back my money which is unnecessarily deducted by you or your system's fault. 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.

                                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.

                                I have mail & outgoing phone calls proofs with me, so plz consider this mail as formal notice & revert back all money which is deducted unfairly; otherwise I’ll file a case in consumer forum. Regarding any further action your department will be responsible for that.

                                Thanks & Regards,

                                Jayendra Sahu

                                [protected][protected][protected]------
                                Hi,

                                This is to inform about drawback or bugs of your Reliance Money system. My amount deducted from Reliance Money D-mat account unnecessary due to this bugs. Plz revert back my entire amount deducted unnecessary, already complaints[protected] logged in your department but still there is no update regarding the same.



                                1. The screenshot shows here is only for view about Limit card details. But when you select any scheme, amount will appear automatically. When you click submit to view limit card details as mentioned here, this will deduct amount in your ledger balance without asking for confirmation. If already customer has valid limit card balance then why this system doesn’t inform customer before deducting the amount?

                                2. The screenshot doesn’t have recharge option then why system does it. Customer clicks only for view as mentioned in the screenshot but amount deduct from ledger balance reason behind this is recharging. This is Big drawback of your system; written that “to view you limit card details fails to perform such action perform different action i.e. recharge you limit. That is systems drawback not customer’s mistake because the system refers wrong meanings.

                                3. There is no option to view transaction details of your amount (not talking about stock trading details). There should be some option in website systems to view all the transaction details.

                                4. Before deducting limit card customer should inform by the system or pop-up window that he/she has XX amounts balance in limit card & YY days left. Apart from these, system should ask confirmation regarding any deduction or Transaction. At present there is no facility in the Reliance Money system so the customer has to pay unnecessary & unwanted & charges.

                                5. There should be some facility or service for customer to put Buy or Sell orders after non trading hours as facility provided by ICICI Direct known as Basket order.

                                6. If even a single rupee deducts from customer’s account, customer should get inform by Reliance Money through E-mail or SMS that ‘what amount is being deducting for what reason’. At present there is no facility & this is very important.

                                7. There is no such option to see transaction details as mentioned in the mail; only can see ledger Balance. Please see the attachment.



                                Plz notice above advice do the needful to avoid further complaints & provide enhance service.



                                Note: I request you to plz revert my amount unnecessary deducted by the system. Details are as below:



                                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
                                [protected][protected][protected][protected]
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                                  sachin jade
                                  from Bengaluru, Karnataka
                                  Apr 8, 2009
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                                  Dear Team,

                                  Reliance money has applied unknown chanrges on my demat account, i had made complaint to reliance money call center but i haven't got any response and this is not the first time that this charges are applied, earlier also chares like is deducted from my account.
                                  I want help regarding this.this time they had made charges of Rs.3500/-
                                  My account name is saja0134

                                  Kindly help
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                                    R
                                    Roopak Sharma
                                    from Bengaluru, Karnataka
                                    Apr 5, 2009
                                    Resolved
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                                    Resolved

                                    Its sad to see a reputed company like Reliance indulging in such unethical business practices. Everybody please check out, even if you are trading yourself through www.reliancemoney.com website, chances are that you will be charged Rs. 15 per transaction. They call it Mandate Charges, and this amount is given for no reason to Reliance Money franchisee where you are having your account.
                                    In the account opening form, you have a check-box for this. No Reliance Money person will ever tell you about this, this will be selected Yes without telling you that your franchisee will be gifted with Rs. 15 on every transaction of yours even you are trading online yourself.

                                    So the customer is fooled until he notices it. You have to submit a form to get Mandate charges de-activated, which requires 7 days. Even without Mandate charges, you can trade normally. This is just a way to keep fooling not-so-alert customers. Lakhs of customers are paying them Rs. 15 for every transaction every day.

                                    This is one of many ways they fool the customers. They for no reason will keep debiting some money from your account. So if a customer is not very alert, or doesn't check his account regularly, he will be fooled. And if by chance you notice the illegal debit, they will take 7 days to refund it. Reliance should pay compensation for any such mistakes they do.

                                    So my advice is that, if you are using Reliance Money, be extra cautious and alert. Check your balances, debits and credits on daily basis. Remember, introduction of Limit Cards from 2009? Nothing of this sort was told at the time of account opening. For people who are not very frequent traders, for no reason Rs. 500/month is being charged since Jan 2009. And chances are high that most of them don't even know about it. Remember, Reliance Money will loot you if you are not an alert customer.

                                    Thanks.
                                    Aug 14, 2020
                                    Complaint marked as Resolved 

                                    Reliance Money — debite in my online trading account

                                    debite in my online trading account without my permission, i have never done single transaction due to pure quality of software supplied by them. they are cheating with people
                                    Yes. This is absolutely true. Even I am a customer of RM and it is very true that we have to be very very extra alert while doing any transaction on RM since they unreasonable amounts many a times.

                                    Moreoever, customer is by default placed in this limit card system (wherein you are charged 500 per annum for txns below 2 cr in delivery trade), even though there is a very economical option available in its alternative - brokerage system. Now for a customer who trades not more than 5 times a year, limit card system is definitely expensive.
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                                      S
                                      sudhir mohan
                                      from Mumbai, Maharashtra
                                      Mar 30, 2009
                                      Resolved
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                                      Resolved

                                      I did a password reset for my Reliancemoney D-Mat account and I got the message password change successful and sent to your mail.

                                      When I tried to access the mail with the default password provided for the first time, it was not working at all. I sent them 2 mais .. nothing happened. I made a number of STD calls[protected]. to their help desk, but all getting disconnected after I select the option for password reset assistance.

                                      I am surprised to see my telephone bill this month !!

                                      Can anyone tell me how do I can talk to some from reliancemoney helpdesk?
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                                      Aug 14, 2020
                                      Complaint marked as Resolved 
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                                        Pradeep Jain
                                        from Gurgaon, Haryana
                                        Mar 30, 2009
                                        Resolved
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                                        I have a trading account in Reliance Money. And my trading account is conencted with my savings account in Citibank.

                                        I requested for withdrawal of Rs5000 from my reliance money trading account on 5th Jan 09 using internet, but I did not receive credit in my connected citi bank account for the same yet, also I did not receive any manual cheque from reliance Money yet for this amount on my registered communication address.

                                        But this amount was deducted from my reliance money trading account on 5th Jan 09 itself.

                                        Even after enquiring with reliance money, they could not provide any satisfactory answer to me on this issue. Their customer service is pathetic.

                                        They do not have any greivance redressal procedure published for the customer. They only have customer service phone number of email. There are no contact details available for the next level escalations.
                                        Aug 14, 2020
                                        Complaint marked as Resolved 

                                        Reliance Money — Account Not receive

                                        Dear Sir,

                                        I request so many times(8) but no response from reliance money.
                                        I fill the form and give a check of rs.- 1200 for opening new account for Dec 2007 but i am not receive my account kit. my application no is -- [protected]

                                        so i request to you either refund my money or give me account kit.

                                        Thanks
                                        Praveen
                                        [protected]
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