Religare Enterprises Complaints & Reviews

Dear Sir,

I have purchased travel package from Religare. The sale was done by promotional offer which I have received on phone call. The sales executive has explained me the travel package scheme on phone. I have been referred by one of my friend who has purchased the same package prior to me. The sales executive from religare's end has explained me the referral scheme. According to referral scheme, I have to refer few of my known friends / relatives to buy the travel package. On their successful purchase of travel package, I was eligible for referral gift. It was promised by sales person Mr. Sameer ([protected] or +[protected] that if I will make 4 referrals I will get one branded wrist watch, on 8 referrals there was Dinner set, on 10 referrals there was gift of Digital Camera, on 12 referrals there was Home Theatre system & on 15 referrals there was a Laptop of Dell.

So I have given contact details of my know friends & relatives whom I have personally called and explained the package. Total packages sold to my referrals were 12, which were my contacts & have successfully purchased the travel package on my reference. I have name & contact details of these persons with me.

However the company is now denying to give the promised referral gift to me. Instead company is showing eligible gift as one travel bag & one sun glass. Its been more than 10 months I am fighting with the company to receive my promised gift.

Even though I have never denied to receive gift, I am getting an email from the company saying that "Company have given you your eligible gift but you are denying for the same."

I strongly feel that I have been fraudulently cheated by the company. I am not the sole person being cheated this way. The friend who have referred me has also been promised the same referral scheme by the sales executive. All my referred persons have also acknowledge the referral scheme as mentioned by myself hereinabove.

Kindly help me with this.

Regards,
Nirav Gala
[protected]

Dear All,

I like to warn you from opening a Demat account with religare securities.

I had opened an account with religare last year in june. Till the time cheque was not given the team was carrying out followup like anything but after needful was done even after one year I am trying to catch hold of them. Customer support over email, toll free numbers, sms non of them responds.

I have already lost all my money with them. I suggest please do not do business with them even for free.

Thanks,

This is to inform you that i had opened an equity account with Religare Securities Ltd on Nov 2010.I deposited Rs. 7.5 lacs as margin money and later on i gave 4 lacs more for the Same account to Mr Dheeraj jain (Religare Securities Ltd). i was continuously trading with account happily.But after a Month only, i had to bare a loss of Rs 8 lacs because of Fraudulent trading by Ms. Pooja chaudhary (Dealer Religare Securities Ltd.). Even i have a proof that it was a fraud because i have recorded voice call made over mobile.In this call i clearly told her not to do Trade in Nifty and Puts and shares.After this Fraud i have visited Religare Securities office and have met Mr. Manjeet Singh Sabarwal ( Area Head RSL Rajasthan),Ms. Pooja Chadhary (Dealer Religare Securities Ltd).Mr Dheeraj Jain to Get my account compensated But not even a single person was bothered about my loss and to feel my pain.
I opened my account through RIBL branch and was just satisfied with all the Process and procedure. but still no results was come. but still i find its my duty to write my whole problem and its scenario in writing. I want your help to come out of this Frustration and Mental harrasment.
i have already my own PRESS also from where i can spoil Religare Securities Image.
Pls hear all my phone calls till 7/1/2011 to last day of my trade

Your faithfully
UMMED JAIN
Trading Account no -262755

I have online trading account of Religare and its almost 3 year old account i open my online trading account with this icicibank ac no[protected]. After One year I open new account in ICICI bank and i close my old account from that time I'm submitting PCR from to change my ECS Details So that i can get my dividend Directly in my bank account But these chutiya's in religare are not able to change that details. I don't know What they do in office ? They don't have any knowledge of submitting forms. This not happen in one branch i submitted my form in Bhopal and Indore Branch (M.P Main Branch) Check Below i give you address and name of Dum Employee and there branch address .
I request all who reading this never go for Religare Online Trading they gone suck you from head to legs .

Bhopal Office
Roli Singh | Executive Operations,
Religare Securities Ltd, 142 Ramlaxmi Parisar ,Malviya Nagar Bhopal M.P.
T:[protected]

Ankur Ajmera | Sr.Executive Operations (M.P.)
Religare Securities Ltd., 114, First Floor, D.M. Tower, 21/1, Race Course Road, Indore-452001
T: +[protected] |Fax:+[protected] |

Regard's
Regard's
Basant Malviya
www.webplusseo.com
www.redboxwebsolution.com
[protected]
[protected]

I was offerred a package by religare/1 touch solutions Private Limited wherein he had represented that i will get 7 days stay in next one year in any of their affiliated hotels. The sales man told me that i will have to just give my form in 1 month month advance with the destination i wanted to travel. However, now i realise that you need to provide three dates of travel, three different locations, etc. I tried to contact their office but no one picks the phone at their numbers. Further, when i contacted the salesman, he informed me that he has left the job and will not be able to help.

Now on reading the terms and conditions, i understand that i dont provide three locations, with three different travel dates, my form would be rejcted.

I want to travel to dubai on a particular date, but i cant submit the form since the same would be rejected.

These guys are cheaters who have cheated various customers with wrong representation while selling their product.

I would like to have a revert from their end and let me avail my holiday option.

Nishit - [protected]

I have opened a demat account in Religare Securities for sharme trading at the time of the opening of account they told me they will charge 2 and 20 Paisa brokerage on on share trading after a year time they changed my plan without prior notice to 5 to 50 paisa , they are the biggest cheaters in the country , no body is listening about the general public why sebi is silent in these type of matters every body in this company is cheating and making money , i want sebi to look in this matter .

Respected sir my kanyakumari district religare office is useless one.The manager and staffs are very lazy fellows.My name is mohan and my clint code is MO1164, for the past two weeks I am not able to trade ,because the diet odin is not working properly.My kanyakumari district branch does not help for that.so kindly take the necessary action about the kanyakumari district religare office and to helpthe trading.
Thanking you

Sir,

Here i would like to inform you that, i have not received
Any services from sub borker ‘hi investment consultants’ of religare
Ecurites pvt ltd other than submitting dmat form. Due to irritated
Call received from religare customer care just after submission of
Dmat form, i have decided to discontinue dmat a/c and have submitted
Application for closing trading a/c on 05/03/11. Now they are charging
Rs 500 for opening dmat form and will not close till payment is done.

I wants to close and de-active the demat a/c.


Please let me suggest what will be the job for a client is not
Atisfied with the service from the broker and top of that charging
Rs 500/-?

In against of that i think i should charge rs10000 for harassment to
Religare securities pvt ltd.

I need your precious suggestion, please advice what i will do?

Thanking you.

Regards

Sujit barua

I am Abhinav Kumar Agrawal employee of Religare Insurance Broking Mall Road Branch EMP code-24414 .I have not received my full and final settlement from RIBL. I have Follwed my case several times but nothing has happened. I had given the resignation on 22Dec20008 .Last time when i had contacted to Religare office Sec 125 Noida , they have said that all the F&F settlement will be sent from company side.but nothing has happened from last 29 months.

Request to you kindly provide me the F&F Details along with F&F amount in my same bank account which was linked with RIBL (salary processing).

Emp Code-24414
Designation ABDM
Branch- Mall Road , Delhi
Company Name- Religare Insurance Broking Ltd.


Regards,
Abhinav Kumar Agrawal
Cell No-[protected]

Name-Sarfraj vahora
Designation-Team Leader-(online Sales)
EMP Code-37210
PF No-MH/38968-A/15118

i have submite the pf claim latter in february but still not recieve so pls request.

My self Ajit N. Lodha, I had claim my pf before $ month till i didnt get my amount & now a days my financial status is so poor & i have to pay my son school fee other wise they dimiss admisson from last 9 month i havent any icome sources and company told me bombay pf dept> is not accepting from coz they have lot of pending works now what can i do what about my child future pls favour me pls

Emp.id. 36467
location Ahmedabad
designation Realationship Manager

Gentleman,

Despite of the possibilities of the tour offered to me, due to various reasons my form is rejected.

The courier was sent before 30 days, Confirmed with the First Flight courier, that it was delivered on 21stMay-11, morning, with travel date starting from 20-Jun-11, which is a gap of 30 Days. The company is refusing to provide the same.

Your Truly.
Mrunal N. Buch
CONSUMER PROTECTION – GUJ (INDIA)
ID : 3545

i want to sell my icici bnk 12qty shares i have paid fully but it is showing partially paid.me having all receipts.tey told me contact icici registrar is this right.

I have worked with Religare finvest till 14th june 2010 after that joined Metlife india insurance co. ltd. I had requested my pf to be transfer in metlife but till date it has not been transferred. Ms. Kakoli from religare was looking for this but since last 2 months she is not replying to my mails.where should I go for complain this. My employee id in religare was 22810 and pf a/c no. was DL/33467/6108.

I have religare a/c no DD1583 for onlinetrading.I do trg from my own PC.One of the employ of religare trivandrum office Mr Sanjay has misused my A/c for brokerage.He has bought and sold shares from my ID without my knowledge to gain the brokerage.As I am Officer in IAF and keep on moving for duty here and there and I had left Trivandrum 1 1/2 year before but didi not change my A/c office as my move to the present location is also temporary.In the month of Jun,July 2010 I was very busy and could not monitor my A/c and also left the country for some purpose and could not even see my mobile messages as` my no [protected] was not in use.During this time lot of transactions were done from my A/c so that the brokerage can be obtained which a employ gets for Transactions.Mr Sanjay was warned to refrain from such activities and not to do the transactions in future as i can do this on line when ever i need.seeing this trend I retrieved 85000 from my a/c and got the money transfered back to my Icici a/c on 27th Nov 2010 leaving only one lakh in my religare a/c. But Mr Sanjay did not refrain from his activities and again did some transactions in my A/C without my orders and knowledge and in the bargain i approximately lost Rs one lakh.The same was informed to the head of Office Religare in Trivandrum branch but nothing has happened till date.In view of the above it is submitted that action may be initiated against the erring employ and manager of trivandrum Office and my hard earned Money of Rs 1 lakh may be returned to my a/c which your employ has misused for petty gains.Hoping for an early action from a reputed firm

Wing Commander Deepak datta DD1583.Tele [protected]

I had an account with Religare Pune. Customer Representative Siddharth Doshi has lost more than 5L of my money within a span of 1 month. They do not have any advisory and they execute trades without any prior confirmation or intimation.
Now, the agent does not even answer phones. They have not bothered to send statements, even after making such huge losses, they do not have any damage control for customer

Do NOT invest with Religare. YOU ARE SURE TO LOSE MONEY

They are cheats!

After dozens of email exchanges with the idiotic team at Religare i am back at square one. No matter what you say - They just have a std reply "As per your request we would like to inform you that this offer is non transferable, non cancel able, non extend able and non refund able". I've tried explaining my situation in a thousand diff ways but they just have this std reply. The ridiculous part is that they made me pay the additional Rs750 too in order to just tell me that they can't help me !! Doesn't it feel painful when you've already been robbed of Rs 7000 & then you end up getting re-robbed of the remaining Rs 750 to top it ! It's like being shot dead the 1st time arnd & then again being shot at with more bullets even after being declared dead. I would like to formally register a case against the Religare team who do not care for their customers & are just out there to rob people out of their money.


Rgds
Mohammed

Religare Securities and Religare Commodities Pune got in touch with me. The agent name was Siddharth assuring me that they would manage the portfolio etc, with prior confirmation calls etc.
There are no confirmation calls. there is nothing of the sort. I have lost more than 5L with them within a span of 1 month. DO NOT invest with Religare.
There are no reports, no welcome packs, and no consultation.

I hear that Siddharth has now moved on to Angel Broking. DO not believe in any person from Religare or Angel broking. You are bound to lose money. They are totally unprofessional. I am surprised Angel broking choose to hire such people .. just goes to show how serious they are about making money for their customers.

Submitted by: nikhil khanna
Category: insurance policy
Complaint against: religare finvest ltd
Amount loss/claim: rs. 90, 000
Ms ritu shah came to our office and explained my father that religare has tied up with aviva life insurance and that she has a investment plan for us on the basis of the investment made already with aviva. I hold a policy in my name with aviva under the policy number llg 1208560. This is a unit linked life long policy. The annual premium is rs 50, 000/- paid half yearly.
The value of the policy in november 2010 was 2, 88, 000/- (Approx). My father was explained that since the start of the policy the returns have been very low and that we can use the part of the paid policy money to invest in a new fund of aviva called the psu and infra fund.
She explained clearly that we will not be charged for any withdrawal of the money and we should stop paying the premium on the old policy. She said these words to me and my dad in person, with her collegue in presence.
In good faith and trust we decided to go for the part redemption and redeemed rs. 1, 00, 000/- from the old policy and gave her the cheque for the new policy under the policy # nls3052628.
Now i recd the statement from the aviva office and my fund value has been deducted of rs. 79, 645/- as the charge for paid up penalty. On calling them i got to know that the policy has gone into paid up mode and the penalty is applicable.
When confronted with the religare authorities they said they would rectify the same and have it resolved since it is aviva's mistake. After a week of correspondence on phone i called a few people from religare office and got to learn that this mistake is non rectifiabe. Either i have to pay the premium or my charges will not be reversed.
My dad and i feel very cheated and utterly lied to. This is not fair. They took commission from our switching the policy but are not ready to payup or rectify the premuim issue.
The following people are involved in this scam
Ritu shah ([protected]) ritu. [protected]@religare.in
Anuj saha ([protected]) anuj. [protected]@avivaindia.com
Chetan jaiswal (Chetan. [protected]@religare.in)

I had booked a package from Religare One Touch Solutions in the month of Oct 2010 for travelling at Munnar in the month of Jan 2011. As per their terms and conditons, I booked my tour before 3 Months from the date of my travel. But after sending 100 mails and calling them for not less than 100 times, they informed that Munnar is full for the month of Jan 11. And they assured me that they will book Ayur County at Munnar. But after some days they told that Ayur County is full and there is no availablity of single room in the hotel. Then I personally made a call to Ayur County without telling them that I have booked the package from Religare. Ayur County people gave me room for the same date I was demanding. So if Religare team is reading this complaint then please provide me the clarification of the complaint. Also inform me regarding last date of my package. I want to book my travel for the month of Sept 2011. Will they able to provide me the package. Or else they will provide another reason for not booking of my travel