Religare Enterprises Complaints & Reviews

I purchased policy for my mother for Rs.15979.00 After few days, I got a message saying refund initiated for Rs.15154.00 When I called customer care, they say it because of the past medical history of my mother which I had already shared before purchasing the policy. There was no medical test performed, no interaction nothing. Religare representative convinced me by calling tens of time every day & buy it online even after knowing the medical history. And the day i paid/purchased policy online using my card, in 3 working days i get a message regarding refund after deducting Rs.825.00 from the total amount. On asking what is it charged for, they don't have any answer and say we will find it and call you back. I did not receive any call till date. The experience was pathetic & religare seems to be fooling people like this very often. Many people don't get time or don't think of complaining for such an amount. But this is a fraud & should not be tolerated.

Dear Sir, This is to inform you that i have an account in Religare securities ganga plaza branch Meerut U.P, my trading id is VS4490, i am having a brokerage agreement for 2 paise for intraday & 20 paise for delivery, but when i checked the back office system i found that Religare is charging me 5 paise for intraday & 50 paise for delivery, which is a clear case of cheating with the customer, they did not even inform me via email or phone registered with them about the revised brokerage rates. They are simply deceiving with their customer, i request you to please help me on this. I lodged my complaint on scores, but they didn't help me as well, i sent them all the proofs along with religare agreement copy but they didn't help me. Now you seem to be my last hope, please help. Thanks, Vinod Kumar Singhal [protected]

SIR I opened a D Mat inabove said company in sec 11, 2nd floor office in GURGAON branch account CS1568 in jan 08. given a cheque of 10000 and 90000 both to start the trading, when and whatever i will say to trade . But the executives started trading without my permission in which i got trapped and i total given 295000. I mailed this matter to company's various sections but no reply came. I could get only 94097 rupees back from the whole amount (295000) . WHY THE TRADING STARTED WITHOUT MY PERMISSION. I NEVER TOLD THEM TO START YHE TRADING. I WAS BEING TRAPPED. IE U CAN GIVE A SATISFACTORY ANSWER PLZ CONTACT ME AS EARLIEST AS POSSIBLE. CK SANDILYA [protected] C/0 8 FBSU AIR FORCE STATION AWANTIPORA J&K 192122

S.C.Abrol, 871, sector 14, Sonepat. To Sh Ashu Madan, Religare Securities Ltd, Plot No A-3/4/5 GYS Global, sector 125, Noida-201301 (UP) Subject: Auction of Shares of Trading A/C No SA- 392\ I have sold the following shares on[protected] in my trading a/c no SA-392 through your branch at Sonepat. S No Name of Security Quantity Rate 1 Coal India 49 335 2 R-Com 100 126 3 RIL 10 1050 4 Siemens 20 790 The Delivery Instruction Slips S.No AA[protected] &AA[protected] of H.D.F.C Bank Sonepat was submitted to Sh Manoj Kumar operatorof your Sonepat branch on[protected] in the evening, who has filled the orginal as well as duplicate slips himself. I wonder how my shares were considered for pool & then for auction without my knowldge. I have put to a loss by approxRs[protected] . As I had submitted the slip in time (rather, on the same date[protected] with yourbranch, I am at no fault. It is the fault of your sonepat branch, why should I suffer? Kindly compensate, or otherwise I will have no option to take the matter to S.E.B.I. Dear Ashu, It is added that I am a senior citizen Retaired Govt; officer, & an old customer of your Sonepat Branch right from the date of opening, kindly consider the matter at your earliest possible Dated:[protected] (S.C.Abrol)

I have applied for a Religare securities account on 8th May 2014, Thursday. I was assured to get my account opened in 2 working days i.e. on Friday. 1). It was not opened till Friday and i was informed by my RM (Ajay Jha), it will get activated on Monday morning. 2). On Monday morning i was assured to get it till afternoon... 3). On Monday afternoon I was told that it will be activated till evening. 4). In the evening i was assured to get it on Tuesday morning 5). Then till Tuesday afternoon 6). Then till Tuesday evening 7). On Tuesday, 13th May 2013 evening, I asked to stop the account processing and return my cheque back due to continuous delay. I was assured beyond any doubt that account has been activated and I will receive the credentials next morning. 8). Next day on Wednesday morning, I was assured to get my account details asap. I was given the contact number of Senior RM Mr. Rajesh Jha ([protected]). I talked to him at 10.30 and he assured me to call within 5 minutes. I have not received any response thereafter. I call him again at 12:32, 13:03, 13:10, 13:11, 13:31 and every time he disconnected the call. I am experiencing a very poor and low level of quality and suffered a great loss due to this unprofessional behavior. I will also forward this complaint to consumer forum department and SEBI if needed.

Sir, My Code is MB4657, I was told by Mr. Suneet Kumar that there is no account opening charges, no any other charges except 0.02 % or 0.20% brokerage and service tax as applicable. But now the company is not keeping any word which was previously given, even then no one attending my phone call also. Kindly short out the matter & oblige. Thanks MANISHBHATTACHARYYA 60A, Rabindra Pally Lucknow-226016 [protected]

Brief History of Case An air conditioned and well furnished Religare Securities Ltd. Office Branch Code No.1609 was opened by Mr Vikas Agarwal and Pawan Agarwal with two workers Shakeel Ahmad and Nayeem Ahmad at 9-Nandini Vihar colony, sector 12, Indira Nagar, at Lucknow in the year 2009. 1. Religare Securities Ltd seemed to be trusted and reputed firm, so I invested money for future prospects my account number alloted by branch code 1609 as account no. DK-4012 but office was closed on 10 November 2012. 2. The workers of the Lucknow office namely Shakeel and Nayeem were dealt the business themselves on 10.11.2012, I came to know that both the workers have left Lucknow by committed fraud with me and put me in a Loss of Rs- 202300.00 (Two Lacs twenty three hundred) only. 3. As mr Vikas Agarwal and Pawan Agarwal the Sub-brokers of Religare Securities Ltd, are the owners of a branch code No.1609 at Lucknow and a branch code no.1032 at Bareilly in the name as m/s ROHELKHAND FINANCE SERVICES. 4. They are responsible behavior for of their workers and they should pay our Losses. I have come to know that the above mentioned same two workers namely SHAKEEL and Nayeem In the same way have made a fraud with subscribers of Barielly with the help of both Vikas Agarwalls and Pawan Agarwal and fraudulent practice should be stopped immediately before they select any other city for the same and an action should be taken against them accordingly. 5. When I asked ROHELKHAND FINANCE SERVICES Bareilly office for my account further details and for Lucknow office, Vikas Agarwal didn't give me the answers of my questions, and he sent me two forged letters. 6. Religare Securities Ltd branch code no. 1609 was opened at Lucknow but dealt with office registered 1032 at Barielly, which is evident as my two cheques deposited at Bareilly office and one in Lucknow office. 7. There is clear evidence that the transaction of money between ROHELKHAND FINANCE SERVICES (Franchisee of Religare Securities ltd) and Nayeem, Shkeel & Arish workers of office No. 1609 at lucknow were taken place. 8. An F.I.R. was registered with crime No. 657/12 at Police Station Gazipur Lucknow on the now which is under investigation on 23.11.2012. 9. I would like to bring into your kind notice that I have not received any proof which validate the order of trading and also neither received any contract letter at my registered address nor recording process was received by me, for the order of any trade (Confirmation Call) and as such the applicant have never involved in trading but behind him the workers of office Lucknow 1609 was doing the business them self. 10. I have asked the customer care about Religare Securities Ltd office branch code No. 1609 at Lucknow dealing with customer and why it was closed all of sudden? But no answer was given to me till date. 11. I want to draw your kind attention that on some papers, I have received from Religare commodities ltd co. pages no. 1 to 34 which are indicating the transitions of trading were done on several dates through my account DK-4012 at registered office D-30 Butler Plaza Civil Lines Bareilly up without taking me is confirmation. 12. The above said contact notes are liable to be investigated first to find out the facts of the case. because the applicant invested Rs. 202300/- with Religare Securities Ltd Co. office No. 1609- at 9 Nandani Vihar Colony Sector-12 Indira Nagar Lucknow contact notes shows excess and huge amount which was not possible for me and as such, the complain made by me, Is correct and involvement of Religare Company, or Rohailkhand Finance Services and office No. 1609 at Lucknow is show already to cheat me. Deal enquiry regarding contact note page No. 1 to page No. 34 Is require to be investigated because about said contact notes the applicant is having no knowledge at all. Further I would like to take your kind attention in respect of agreement between ROHELKHAND FINANCE SERVICES franchise of Religare Securities Ltd and the applicant. I do have full faith on the team of horrible Arbitrations selected for taking decision in the case. With Regards Mr. Deepak Khattri Mob No. [protected]

I was visited by religare marketing team .they convince me to transfer my portfolio worth 4.5 Lakhs from kotak securities in 2008-09. They convince me to deposit additional 50000. The intelligent team of religare has brought that portfolio to around 2.0 Lakhs over the period of time.they are all cheats, whenever they ask to buy the share, it never goes up.beaware of this fraudulent company. Naresh Wadetwar Nw102

I am krishan mohan rai, my client id is km2983.Recently i have reactivated my trading account in religare as my past experience was good and i thought such a esteemed and reputed company like religare would have a good executive to manage customer quarries, But to my surprise today when i spoke to Mr. Varun Agarwal and enquire about my dis booklet, he used such a unofficial language, i was shocked to hear that, i left with no other option to just let you know and a other legal measure to stop this so that in future no other client should face this kind o[censored]npolitical, uncivilized manner of conversation . i am looking forward for your support in this matter . thanks & regards krishan Mohan rai

AS MY CLIENT ID IS 17435088 I PURCHASED E-GOLD NEARLY 36 GRAMS WHEN GOLD RATE IS DOWN PERIOD AND E-SILVER 1000 GRAMS AS SAME PERIOD WITH MY HARD EARNED MONEY NOW THESE PEOPLE WHO WORKING INSIDE THEY ARE NOT ABLE TO GIVE ME PHYSICAL DELIVERY AND ALSO, NOT ABLE TO GIVE MY MONEY BOTH THINGS NOT POSSIBLE TO GET IT FROM THIS WELL KNOW COMPANY RELIGARE SECURITIES LIMITED NEARLY 1.40LAKHS RUPEES LOST TILL TODAY NOT HAVING ANY POSITIVE RESULTS PLEASE, RECTIFY THIS FRAUD GOING ON THIS COMPANY AND GET BACK MY AMOUNT AS EARLY AS POSSIBLE, MY SB A/C NO. IS[protected] THAT'S ALL, BE ALERT OTHER INVESTORS NOT TO GO INSIDE THIS COMPANY.

I RAVINDRA INDRA HAD BEEN AN ACCOUNT HOLDER IN ABOVE BEARING A/C NO N209144 AND HAS BEEN NOT DOING ANY TRANSACTIONS FOR MORE THAN 2-3 YEARS BUT SINCE MARCH THEIR ADVISOR REPEATED BY NAME OF GAURAV GUPTA FORCED TO BUY ON MARGIN THEN IN JULY HE SAID THAT HE IS BUYING 200SHARES OF BHEL BUT HE WRONGLY CLICKED 800 SHARES HE SAID IT WAS HIS MISTAKE N HE WILL CORRECT IT THEN EVEN WHEN I ASKED HIM TO SELL OFF THE SHARES HE KEEPT ME IN THE LOOP N SAID I SHOULDNOT WORRY HE WILL MANAGE N WHEN SHARE HAD FREEFALL FROM RS149 PERSHARE TO 101 THAT IS RS 49 PER SHARE LOSS HE ASKED ME TO DEPOSIT THE DIFFERENCE N THEN I COMPLAINED TO HIS SENIOR REGARDING THIS CHEATING TO SENIOR EXECUTIVE ARUN CHAUHAN HE SAID I SUD IMMEDIATELY DEPOSIT 50 000 TO AVERT THIS LOSS N THEN PROMISING ME THAT THEY WILL INFORM HIGHER UP ANDD HELP ME OUT RATHER THEY SOLD ME SHARES IN MY ACCOUNT WORTH RUPEES 50000 IN A GO THE FINANCIAL ADVISOR PROMISED THAT HE WILL REVERT MY SHARE HOLDING AS IT WAS HIS MISTAKE LEADING TO MY LOSS BUT I TALKED TO HIS SENIOR HE ALSO SAID HE WILL HELP ME BUT NOW THEY REFUSE TO ANYTHING N CALLING ME THAT I NEED TO PAY ANOTHER 15000 THOUSAND TO CLEAR MY DEBIT OTHERWISE THEY WILL TAKE ACTIONS AGAINST ME I AM TOTALLY DEVASTED N CHEATED BY THESE WOLFS WHO SAKE FOR THEIR PROFITS HAD FORCED ME TO GO AWAY FROM SECURITIES N SHARE BUSINESSN I WILL THESE PEOPLE WILL CONTINUE CHEATING INNOCENT INVESTORS LIKE ME N BUT BAD REPUTATION TO OUR SEBI AND I WANT THEY SHOULD BE TAUGHT A LESSON FOR THEIR ARROGANCE I M NOT PAYING THE DEBIT SHOWN IN MY ACCOUNT AS I NEED YOUR HELP SO THAT MY SHARES OF WORTH 55000 IS REVERTED BACK TO ME PLEASE HELP ME OUT I M DOOMED N DEVASTED BY VULTURES IN RELIGARE SECURITIES

Dear Sir/ Madam My name is Deepak Khattri and I am from Lucknow. I have a trading account opened in Rohail Khand finance services. Branch Code No. 1609, 9 - Nandni Vihar colony sector-12 Indira nagar Lucknow UP. This was a franchise of Religare commodities ltd.My account no. DK 4012. Earlier in November 2011, I have deposited Rs. 2 Lac by cheque for my trading account, they have traded without informing me, I have never got any contract note, email & message, or legal details. As of now Rohail Khand finance Service has closed their office and I also have complained to Religare commodities ltd date 20.12.2012 but never give any response. There is certain point which is very impotents to point out. 1- Religare co. is not answering any of question as Rohail Khand finance services was their franchises and have scammed so many people. 2- I have never traded in my account but as of now my balance is zero. 3- They never sent me any details of trading; even my number is not registered as yet. Email address is not updated. 4- I have so many proofs about it which I can provide you, either by email or courier. 5- In my account without my permission, by fraud they have done the trading from Rohail Khand finance services Lucknow office branch head & Bareilly UP. 6- There are several people who has been scammed by Rohail Khand finance services Lucknow office. They have closed their offices. I have complaint about it to Religare securities ltd. The total scammed is about 5 CRORE. It is a very big scam us this industry, which need to be find out as we are very small investors and cannot bear these type of scam. Kind regards, Deepak Khattri Mob.[protected]

This is the content of the mail I sent to religare on july 17, regarding of the closure of my trading account. there was only an electronic response to this mail, no action has been taken by them. I have submitted the account closure form 3 times every time they reject it saying signature mismatch, I can't reproduce each every curve on my signature,


", Hello my Customer Id is AA****, I wanted to close
my trading account, so I went to your office in Pathanamthitta kerala
(I opened the account from the same place) and submitted a closure
form.

When I inquired about the same after a month, they said that it was
rejected due to signature mismatch, by the way I have never changed my
signature anytime, still using the same signature for all purposes
such as Banking they don't find any "so called mismatch"

I submitted the closure form again, this time they showed me a scanned
copy of my signature on my cheque, I signed the form in front of them
and they verified the same with the signature from the cheque, and
assured me everything needed for closing the account will be done.

I went there again to check on the matter, Again your people are
saying the form is rejected due to signature mismatch. I had a chat
with your branch manager regarding this incident and
submitted a closure form again, signed in front of him.

This is the email address which is registered with my religare
account, you can check that and please do take this as a official
request. Yes I want to close my religare account so kindly do the
needful.

I am extremely busy so I would like to communicate through email. I am
not allowed to use my phone at my work place, my registered number
with religare is 944*******, if you want to make a call back regarding
this matter to my number you should inform me the time and number you
will be calling from, to my email. If the account is already closed I
would like to know its done."

they are trying to charge me for a service which i am not using anymore, by not allowing me to close my account, still saying retarded excuses.
Help me to get away from these people

fraud & misrepresentation of facts
My name is Rajesh Khanna. I am having a DMAT account number is IN301774 and trading account number RK9523 with religare securities since 2007 in amritsar.

I have been cheated by Religare Securities Ltd. They have lost all my money and shares woth 20 lacs without my information.

Last year I was transferred to Ludhiana. My existing share holding with religare was around Rs.50,000 and I additionally transferred Rs. 50000 vide ch.# 521018 on dated 26.10.2012 and Rs.100000 vide ch.# 521025 on dated 27.12.2012 in my trading account

I have been given ESOPs by my company HDFC LTD. My HDFC LTD ESOPs (2185 shares around rs.18 lacs) were in my HDFC securities dmat account, which I transferred to my religare dmat account, as it was very difficult for me to manage two different accounts.

My cash position rs, 200000 and my all shares amounting to Rs. 18 lacs were traded in market without informing me about loss. For last seven months I have been asking them for my cash position, but they kept me in dark and did not inform me of loss booked and keep on lingering to revert for one reason or the other. They are contineously booking loss against my shares since december 2012 and saying me that your account is running very good.

On 7th May, 2013, I received two statements from Ms. Sonia from Religare’s amritsar office on my email. In one statement loss was around 15.85 lacs and in second statement loss was around 4.45 lacs.

When I called them to make me understand the statement their executive Deepak said that statement bearing 15.85 lacs figure is not actual, as it is having some trades in hand and some sell positions and some buy positions. He asked me to see statement with 4.45 lacs loss, which again is a notional loss as they have not squared off the positions and are rolling on the position.

In June end I have asked them to send my cash to my saving account and I was shocked to know that they sent me only Rs 35931 as settlement of my account on 1st july. When I called the amritsar office, new branch manager Vikram said that all my shares have been adjusted in losses and this is the final amount in my account.

Sir, Religare has betrayed me by concealing and misrepresenting the facts and figures of my trading account, as a result I have lost all my money. Inspite of telling them, many a times, not to trade rashly in F&O and strict instruction for trading with stop losses. They have traded heavily without my knowledge to earn heavy brokerage.

All the team from amritsar is resigning. Their manager Kapil has already resigned and the executive Deepak assigned to me has also resigned. They are ignoring my calls and not giving me reply. All these acts are showing religare company’s fraudulent intentions. M/s, Religare Securities Ltd conduct that right from the beginning, intentions were dishonest and to cheat

Sir I have marked a complaint in religare’s investigation cell on 1st of july. My complaint number is REL-7870369. They demanded week’s time for the resolution, but no revert received from them instead they are demanding more time.

Sir I am a salary class person with loans on my head. This amount means a lot for me and my family. My kids are young. I am not left with any thing as these shares given by my company was our only asset.
I was a long term investor you can well check it from my dmat account, as I have not sold my existing cash holding for more than one year, as it was in loss for 15 to 20 thousand rupees.

It is therefore, earnestly requested and our humble submission to pass an order
for the compensation and grant of loss incurred, due to the negligence of Religare Securities Ltd. And take strict action against religare company who is cheating investors.

Raejsh Khanna
mobile no. [protected]
email id :- [protected]@yahoo.com

Hi everybody,

Kindly note that one of the worst brokerage firm I had ever come across is Religare. Never ever open trading account with Religare in your life. Especially all NRIs out there do not ever open your account with this firm. Because they can not call you back on your international phone number, replies given by customer care team is non reliable, they can not meet their own assurances and deadlines, their website is not updated for branch information etc. I had lots of bad experiences in dealing with Religare.

In case you had opened it already you must have already realized it but wait its not easy to close the account. You will suffer a lot just to close it as well.

In short "never ever open trading account with Religare"

Thanks & Regards,
Prashant

Dear Team,

1. I given my account closure request and required documents a month back and there was no response/update from religare team regarding document.
2. Now after waiting for more than 15 days for your response, i continuously made followup calls and mails in last 15 days and some of the complain numbers are:(total waiting time 1 Month)

REL7705268
REL7719562
REL7738564

3. Now today i get a response that your CML is not original.
i) why after a month i get a response that CML is not original?
ii) CML submitted by me was on letter head of broker, stamped and signed, then how is it not original?

4. I have already invested a lot of money and time in this account closure process so now what should i do? Should i take it to court?

Client ID: N261235

Regards,
Pawan

Religare is not letting any activity in my account for last 6 months all my shares are stuck. It is not updating bank account details siting signature mismatch.

They asked me to update me signature, I provided all the requested documents including signatures attested by the banker on 21st Feb 2013. They kept sleeping on it saying Vibha Arora | (Partner Support Religare Sec Ltd, A-3, 4 , 5 , 7th Floor, Plot No - 11, Sec - 125, Near HCL office, Noida , U.P - 201301) is on leave.
After a lot of followup she said she needs another letter authorizing them for signature update. Once i sent the scanned document they changed their version and said they need physical copy. I sent the physical copy. After receiving the physical copy they are saying format is not correct send letter again in a new format. They did not realized that when i sent the scanned copy.

Religare is pure Hippocratic company and it's always creates problems for the account holders. My lots of shares are stuck and I can not do anything.

BE WARE OF RELIGARE.

dear sir

my son went to buy medicines from ur store at balco market .Instead of giving the prescribed medicine that is gluconorm pgl1 he gave wrong medicine which was in store.when my son went back to him to replace the medicine with the one prescribed by the doctor he started abusing him nd refused to replace the medicine then my son called me on phone nd i talked to the person in question nd then he took back the medicine as the one prescribed to me was nt in the stocks.

the behavior of the person was totally uncalled for nd nt aken to sales like behavior .u r requested to take appropiate action against him as he has retained the bill with him nd nt given it to my son the sale was app made at 8:45am in the name of ANIL KOHLI .

I, Mrs.Sangita Pande with client code SP10219 in Religare Securities Limited (member code-10575) gave Rs. one lakh (via check No[protected] on 01/01/2013 to open ONLINE DEMAT account and to purchase gold of exactly Rs.One lakh as per the gold-value of that day and to retain it through the DEMAT account till my further notice . The concerned RM of the company neither purchased gold as per my direction nor made any transaction through my DEMAT account. He invested my whole money in a different scheme (FUTURE) without any of my consent and never discussed the risk and other terms and conditions associated in that trading and made a huge loss of Rs.85000.00 within 2 months. Please help.

sir

it has been noticed by me that someone in your organization

(RELIGARE SECURITIES LTD. in Future and Options Segment)
is using my certificate without my permission. could you please look into that and take immediate action.
please find details below for my certificate.


name- rajeev kumar
date of birth- 08/06/1985
certificate - derivative market
ncfm no -[protected]
e mail id- [protected]@yahoo.com

thank s
rajeev kumar