Reliance Money Complaints & Reviews

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...

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...

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,...

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,


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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....

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....

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...

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....

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...

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...

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....

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 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...

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...

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...

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...

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.br...

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.br...

i have opened the Demat account by paying RS.750/-. afterward without my consent and knowledge they have Charged Rs.2500/- towards limit card charges. I have made so many calls to customer care . But i am not getting any resolution or any reply for this complaint No: 2159679. I am very much surprised that this is the worst customer care and cluster branch staff, they does not know anything. I am fed up with the service of reliance money....

Dear Sir,

I am a DEMATE account holder of Reliance Money.Despite of repeated reminders and so many mails, their customer support/Grievence cell is not responding on my query.

Kindly go through below details.

--- On Sat, 14/2/09, sandeep tyagi <[protected]@yahoo.co.in> wrote:


From: sandeep tyagi <[protected]@yahoo.co.in>
Subject: Fw: Query :...