Sharekhan Complaints & Reviews

I sold 100 quantity of auropharma on 24th december 2017.
They settled the position on the high of t+2 by issuing a fake bill.

While on t+2, the rate went way below my selling rate. Instead of settling my position on the lower rate they gave me a fake ill (Of some auction between sharekhan and sebi).

To test the fraud done by sharekhan it, i again shorted 100 quantity of hul on 27th dec 2017 with a different sharekhan branch, again they settled the position on the high of t+2.

Sharekhan is playing on lack of information available to the customer who sells, even a little quantity.
Sharekhan is cheating customer in the name of # service.

I have been cheated by sharekhan franchaise located in shahad by a person name nagama ansari and girish valecha. They have told me to become a sharekhan investor by opening a demate account, i had open account and invested money as they told me also they told me that they will give 10% in every month till 6 month. But i didnt received an amount. I need my money back please take some necessay action against them. I you will nlt do that then i will move to police or media.

[resolved] sharekhan — sharekhan unauthorized interference into my demat a/c for transaction of mine share unit

1 review
User aftabsk on dec 14, 2018

I have my dmat a/c and very purchase and sale of the share unit are being the done on this sharekhan portal.
At the time of opening and term and condition of sale and purchase of share, my authority which regards purchase and sale of share unit. (Kotak share intraday short sell at rs. 1256.24/-, buying share without my permission at rs. 1344.80, qty - 518, dated 07.12.2018, total loss rs.45, 876/- future profit from this share 10, 586/-). After this unauthorsied transaction into my d-mat a/c, share price will be down by rs.109.
That the above transaction has been done without my authority and authorisation and same treated as illegal and same been done without mine intention to make me loss and you have gain wrongly
You are requested hereby to compensate my loss of rs. 45, 876/- approx and plus future profit of rs. 10, 586/- which immediate effect else.

I have dmat account last 3 years cust id 1795071 my cre name amit mahantekar. I m selling 1 stock last week small amount 1800 credit to my account.in daily base i m login sherkhan portal and every day i seen my balance amount 1800.
But today my balance is showing 876/- then i call to cre amit he said ur old out standing amt is balance. If any my out standing is balance sherkhan mail me for outstanding every time this is not practical work i think. I m also call in customer service but not satisfactory answer from executive...

I have my dmat a/c and very purchase and sale of the share unit are being the done on this sharekhan portal.
At the time of opening and term and condition of sale and purchase of share, my authority which regards purchase and sale of share unit. (Kotak share intraday short sell at rs. 1256.24/-, buying share without my permission at rs. 1344.80, qty - 518, dated 07.12.2018, total loss rs.45, 876/- future profit from this share 10, 586/-). After this unauthorsied transaction into my d-mat a/c, share price will be down by rs.109.
That the above transaction has been done without my authority and authorisation and same treated as illegal and same been done without mine intention to make me loss and you have gain wrongly
You are requested hereby to compensate my loss of rs. 45, 876/- approx and plus future profit of rs. 10, 586/- which immediate effect else.

The executives of sharekhan are very prompt to open trading account however while solving their issues they are unresponsive.

2381386 is my ID. Name Amit Kumar Sahu. Mobile no.[protected].
I submitted state bank cancelled cheque to your executive on 17.11.18 but the account is not linked. On login the details of my SBI savings account are not reflected.
I am unable to transfer funds from account to buy shares.
Solve issue at earliest else I will opt out.

Sir,
Client name balu a,

Client code: 2353720

We requested the representative at puducherry to send us a demat form to dematerialize the share 200 numbers of nlc india limited.

They send a individual form after two months from request. We furnished all the details along with the materialised documents.

They returened the parcel to our address without any description about the error in the document.

We called the representative but no response from them.
Finally we came to know after few days that the form which was sent to us was wrong one. A joined account form is to be filled.

We requested the representative by calling him to send a fresh form. There was no response from them. It was about two months this happened.

Request you to do the needful

I have my dmat a/c and very purchase and sale of the share unit are being the done on this sharekhan portal.
At the time of opening and term and condition of sale and purchase of share, my authority which regards purchase and sale of share unit. (Kotak share intraday short sell at rs. 1256.24/-, buying share without my permission at rs. 1344.80, qty - 518, dated 07.12.2018, total loss rs.45, 876/- future profit from this share 10, 586/-). After this unauthorsied transaction into my d-mat a/c, share price will be down by rs.109.
That the above transaction has been done without my authority and authorisation and same treated as illegal and same been done without mine intention to make me loss and you have gain wrongly
You are requested hereby to compensate my loss of rs. 45, 876/- approx and plus future profit of rs. 10, 586/- which immediate effect else.

I have all the time vague answers from their staff... This sharekhan ppl have various techniques by providing wrong info / halfway records / and confusing data report formulas... To debit multiple charges under various debit heads... If they are not turning with corrective methods of all the reports... Within month time from this date... I and my few friends... Going to complaint to sebi & nse / bse stock exchanges... Good luck to them...!!!

Dear sir,

I am a small investor investing around[protected] in share market. Mr. Sarvesh tiwari from sharekhan approached me to open demat account with sharekhan in oct 2018. He offered me the following charges for equity trading:-

Intraday :- 0.01 paisa

Delivery :- 0.10 paisa

Minimum brokerage :- 1 paisa on trading, 2 paisa on delivery

[charge structure given to me attached]

He assured me that there are no other hidden charges apart from govt taxes. On his assurance, i opened demat account with sharekhan and started investing in share market through sharekhan.

On 06.11.2018, i sold some shares at market value of rs. 2480.30, out of which brokerage of rs. 2.49 was deducted as per agreed terms and govt taxes of rs. 4.03 were also charged.

I checked my account statement on 09.11.2018. I was shocked to see that apart from brokerage, rs. 53.70 was deducted from my account as "delivery handling charges". I thought this amount is charged by mistake. I immediately contacted mr. Sarvesh tiwari of sharekhan for rectification of the same. He told me that sharekhan charges rs. 16.00 minimum brokerage per company transaction. If brokerage as per tariff given to customer is less than rs. 16.00 per company transaction, sharekhan charges differential amount as delivery handling charges. I told him that at the time of opening of demat account i was assured that there will be no other hidden charges and this delivery handling charges were not explained to me so them amount should be reversed and i should not be charged delivery handling charges. He said that i forget to tell about these charges. I was astonished on his response.

How can representative of such a big company forget to tell small investor about hidden charges. I told him that please reverse the charge otherwise i have to file complaint with appropriate authority for necessary action. He told me that you are free to file complaint. The company will continue to charge delivery handling charges.

Sir, i am a small investor investing my hard earned money in share market. Sharekhan is using fraudulent practices to open accounts of small investors and is looting hard earned money of small investors. Representatives of sharekhan are exploiting small investors by false promises and mis-information.

Govt. Of india is encouraging small investors to invest more in equity shares and is launching various schemes for boosting small equity investments in share market. However, sharekhan ltd is looting small investors and is dampening spirit of small investors. If, this fraudulent practice is continued by sharekhan, small investors will loss trust in share market. This is a issue of severe concern for all o[censored]s.

I request you to take appropriate strict action against mr. Sarvesh tiwari [representative of sharekhan] and sharekhan ltd for spreading false information, using fraudulent practices to open demat account and looting hard earned money of small investor.

Kindly accord your top priority and take appropriate action at the earliest.

Thanks and regards,

Nitin garg

My client i. D.20351
A/c with alwarpet branch

I had been maintaining a trading account with alwarpet branch since the last 10 year’s.

My trading value per year works out to ₹ 2 lac and more.

On scrutiny of my ledger account, a total sum of ₹9174.58 was debited to my account during 2017-18 towards dmat charges.

When i contacted the for conversion of my account, they asked me to submit form tc100 after which the annual d mat charges will be debited only once a year. I submitted the form duly signed in feb18 and asked them to refund the amount to me.
So far, they have not done anything.

Again, an aggregate sum of ₹1794.58was debited to my account during 18-19
Towards dmat charges from april 18.

Again, when i’m ontacted them, they asked me again to submit the form tc100 which i did.

So far, even that amount does not appear to have been refunded to my ledger account. Instead, they sayit has been parked in some other account.

As the original amounts were debited to my ledger account, the proper course will be to refund the amount to my ledger account for my present utilisation.

I was never been informed about the category of my trading account since i
Started trading nor i gave my consent for the category in which i was allowed trading. They should have taken my consent for the type of category in which i am placed as a result of which i have been debited with ₹9174-58 in 17-18 and
₹1794.58 in 18-19

I request that the amount may be refunded to me without further delay.

M. R. Kannan

Hi.
I'm getting repeated calls from sharekhan. I told them not i tesrested. But also call me everyday. Scold me using abusive words. I have never registered my number with them. But they are so much irritating me.

Getting calls from this +[protected]
Name is avinash.

I asked this person to remove my number from database they have. But he uses abusive words and threaten me. I think these # doing it purposely. I'm complaining to cybercrime bangalore.

Thanks

From the last 6 months have been requesting the agent of sharekahn brokerage services to close sip but he always gave some excuses or do not pick up any call, when had a word with his superior, she's exactly the same. And now not picking up the call... Please someone should had a word with sharekhan branch of jaipur. No one should ever use their help.

Agent name-kishen
His superior - shweta

Dear sir, my name is harshit mangla. I am an sales executive at faridabad online self branch (Haryana). I join your company at 3 september 2018. I was really happy to join sharekhan. But my team manager mr. Vikas kumar rajora always ask for a joining party from my joining time. But i said i'll give a party after my first salery comes. But due to some family condition i dont give him a party. Then after 3 to 4 days in second month he will be angry because of an party. I said that i'll give a party on this month but he can say that i[censored] give party today (8/10) you should come branch either you will take rest at home i terminate you. After that i should go to the company he will be angry and say that u should go to your home i terminate you. You also can give rezine to me. I dont give a rezine. I only ask to you. You will not give him a salery. Why i give a bear party. Today he will terminate me. Please take a action against my team manager "mr. Vikas kumar rajora". I think that this people should not be able for your company. I humble request please take a action against my team manager..
Thanks & regards
Employee name - harshit mangla
Employee code - 31768
Contact no. [protected]

Sharekhan shared my personal information online on some investment website last week, after which i have been receiving unwanted calls and sms from many investment agencies. I complained via email and call but sharekhan is not providing any assurance and are neglecting the topic saying, that no data is shared with third parties. I have only one demat account and that is with sharekhan, so it is very obvious that they are updating data online which is then used by many agencies.

Recently i had open my demat account in sharekhan... I was trading in sharekhan but eventually i had suffered huge losses because no one was guiding me about trade.. My login id is 19vk95 although it was my biggest mistake to trade in sharekhan.. Before opening my account i was told that there would be no hidden charges or fees but after when i had opened my account there is 6000 deducted without any reason and there is no proper records for that... The company executives are so confused and they are not aware even what the actual charges are... Some are saying hidden charges some are saying interest.. I was told no interest will be charged before opening the account... I personally believe sharekhan is ridiculous and useless company which provide inappropriate information to their customers and poor services... According to my view losses are part of the business but such kind of dirty practices... 6000 is not a huge amount but still deducting 6000 without any reason.. No explanation from executives.. The company is hopeless and need to progress more

I want to close the demat account with Sharekhan. The problem is that I have KFA shares left in my account. Since KFA shares are invalid now I can't sell them. I was told in Sharekhan branch that they have to be converted into bond. But they are now telling that since KFA shares are invalid they cannot be converted into bond too.

Now I can't sell them. I can't convert them. I can't transfer them to other demat account because I don't want to open one more account for that and nobody else are ready to take it. Without selling that I can't close the account.

I can just leave those shares but I want to close that account. I'm
not at all using that account but maintenance charges keep increasing.

My personal experience yesterday I had added amount in the evening it was added to my account yesterday, Today morning I have seen that money in my account but in the evening when I was trying to buy the share there was no money in my account.

When I tried to contact them they are saying there was some technical issues but being a developer i know once money is added and shown in my dashboard it is impossible with there interference or hacking in both the cases we are not secure our Money in share khan account is not secure.I have Written mails to them did not got reply because+ they might left all staff left there is know one to reply But after knowing this kind of serious concern without resolving the issue if they left what does that means . They are not careful about our money because they are getting paid to fool us I will keep you all Posted with the updated on my mail and their replies.

I was approached by a sharekhan agent wherein he has made me open a demat trading account with sharekhan by giving false / fraudful assurances. The name of the concerned sharekhan agent is dipankar. His contact number is [protected]. I have also approached sharekhan by writing a mail but they have not responded till now. Kindly register my complaint and request you to take necessary action in this regard. The screenshot of mails is attached for your reference.

With regards,
Dear sir, i am trying from 2 months for epfo bank details approval. Please give me epfo kyc bank details approval for online claim. Online claim request cannot be processed as present employer has not made payment in my pf account, mean to say from randstand/sharekhan..
.
Member id:- tnmas[protected],
Establishment name:- randstad india private limited,
Establishment id:- tnmas[protected]

Uan:[protected]
Mobile:- [protected].
Email:- [protected]@rediffmail.com