Sharekhan Complaints & Reviews

customer ID is: 360353SSKI (DP ID IN300513) is: 14024902 Complain Subject: unfair practice to extract money from customers. I opened a account in mid 2007 and it was told to maintenance free account.I never used the account for any transactions and after 2007 never opened it for any purpose .In 2013 i am receiving a mail for dues amount 2500 rupees, possibly due to maintenance charges. Q1 . Why was the notice of dues given after 6 years .Firstly it was an maintenance free account .I did not received any communication that going further share khan is going to charge any money . Q2 . Why sharekhan sending mail after 6 years. Had it been on very 1st year, I would have proactively closed account on same time . Is this not unfair practise to harass customers ? Already sent mail to close my account but still account is not closed. Please ask shareKahn to close my account.

I requested to close my account in all the three forms by submitting account closing form in begumpet branch hyderabad personally, through registered email and registered phone to close my account. Even I am not using account from past 4 years. My customer id - 473484 I request government officials please take strict action against them Initially they promised there is no annual fees - Sharekhan I submitted closing form in last financial year, so they need close account. But they are not closing so again they will charge for this financial year, so to get income they are doing cheap tricks- Sharekhan I'm getting so much angry I'm planning to put FIR on sharekhan

Complaint against Sharekhan Limited (Stock Broker) My BO ID is [protected].I opened account on persuasion of the sharekhan's agent while I was unaware of even abc of trading. The agent persuaded me showing his strong market research and dedicated team who always looks for customer’s interests and also told all my clients are in good profit. They got me put Rs. 10,000 initially for trading. Their representative started giving me call and investing after my consent but soon they started investing my money without consulting me or without my permission. some of transactions I remember without my permission- indusind bank on 14/10/10 m&amp m on 27/oct/10 Later on my objection to Faridabad branch it stopped but after few days my money again invested without consent/ permission to a stock (niit limited ) and then abandoned. It was aprox Rs.95000 was invested in NIIT and left later abandoned without consent /permission and informing me. You may even investigate into this matter. Somehow I got to know this after 1 and half year. That my money is invested without my consent and not in account. When I tried inquired about with customer care my call was not picked even after long time twice. Today the fund value is Rs. 1896.30(as on july 3013).(principle loss Rs.8104) I held Sharekhan limited responsible for the loss of my principle and cheating. I am now least demanding my Rs. 10,000 anyhow back i initially given in account for trading. Nothing much. Regards Pankaj verma [protected]

Today I got an SMS from sharekhan that my DP due is 898.88 amount (they are saying its annual maintenance charge), i had asked to close my account 2 years ago. At the time of opening the account they confirmed that there will not be any maintenance changes but they haven't closed the account and recently sent a DP maintenance sms.

From past 2+ years, I have not used sharekhan account, and called them (customer care ) many times to close my account. But they denied to close the account.

I want someone from the company to act immediately and close my DP account [protected].

Bheemraya (91-[protected])

I have lost lots of money in online tradeing due to miss management of the accounts. My account number is 1433532. They tell some story if I call them this is the same thing happening. If I get profits they show that as lossess. They change my ledger if I call them. This is they way they are cheating the people. If I have limit of 100000 ( one lakh ), if I make any transation then they will eat away my profits by selling it lately till the market falls. They will put some other amount and sell it cheaply. If you have made some profits. They will make my limit less and after few day you will see that your 100000 is on more one lakh but it is a zero. To know if you put your money and do business you will get to know that how you lose inspite of you earning profits.

Respected Sir ,
I have open a free sharekhan trading A/c holder wef 2009.But some reasons I could not trade in above said A/c.
My client Id is 100099. Frequented some mail recd from share khan ltd for payment (annual Charges). Reminder for above said sub already recd in my mail Id. I known my a/c is free & I Never trade/ Sell in any product.Then how possible to claim any payment for me.so ple take action in this matter.
Thanking you.
My Address-
Rajesh kumar yadav
vill- NARAYANPUR
POST- KORAIN
DISTT- FATEHPUR
STATE- UP
PIN- 212601
MAIL ID- [protected]@rediffmail.com

R/Sir/madam,

I want to close my Demat Account with Sharekhan from Last few years but they are not given proper guidance, when there executive come to me for filling form of account said that this account is totally free but now they sending SMS to me that my DP dues of Rs. 1568.75 are Pending for my demat a/c [protected].

Sameer Chavan...

Hi,
While opening the sharekhan account for me they clearly told that there will be no minimum charges for buying or selling shares. So I could sell or buy 1 share at a time without any charges. Suddenly I saw a minimum charge levied on the selling of the share which is totally against what was committed during the opening of the account. I have complained to the sharekhan but nothing is being done on that.
What should be my next step to recover the money.

regards
Sudipta Sarkar

I have DP a/c.no[protected] and eTrading a/c.no.- 217063 and given account closure form on 2/11/2012 to close the both accounts paying all dues but till today they have not closed the my accounts & not transffered share with share khan account . I have submitted all necessary documents, visited so many times, so many tele. calls till today they are responding. I request you please the close the accounts & transffer the share as per our documents submitted
Ramesh N Patil

Dear sir/madam

Please don't investing share khan because there is low service, no indication for the market statues and no buy or sell signal for current market but always take high brokerage.

If you are invest Rs.100000 after 1 year your account balance is Rs.10000. It's true. you are rich family then try it.

This is my bad experience only but some people were give credit points to sharekhan.

I'm just 24 years older and i'm loss in my life. I never give credit points to share khan.

Please don't enter share khan for younger's (Brother and sister's)

Thanks and regards

Mr.life loser

NAME :- SUDIPTA BISWAS

CUSTOMER ID :- 1514048

I CAN NOT GET MY WELCOME KIT. THERE ARE NO COURIER SERVICE IN OUR LOCALITY . SO PLEASE SEND MY WELCOME KIT IMMEDIATELY TO MY ADDRESS BY POST (SPEED POST) .

MY ADDRESS:
VILL.- JHIKRA
P.O.- JHIKRA
VIA.- CHANDPARA
P.S.- GAIGHATA
DIST.- 24 PARGANAS (N)
PIN- 743245
WEST BENGAL.

I have an account with Sharekhan as Kiran Devi Account no 1438581. I operate my account through Balrampur Office. I have purchased some shares, which are lying in my account. This time I instructed to purchase shares of Allahabad Bank through Mr. Subhas(Balrampur Office). I draw a Cheque for Rs. 117830. Mr. Subhas told me to leave drawee name blank & he will affix stamp of Sharekhan. Few days back I receive call from your office of Lucknow to pay for the shares of Allahabad Bank. I contacted with the Branch of Allahabad Bank, KUMS Balrampur Branch regarding the status of the cheque I drawn. Surprisingly I was informed that the cheque was drawn to Money Growth Consultant & the same was cleared on 27.12.2011.

You are requested to kindly look into the matter. This is a matter of fraud by your esteamed organisation. I want to inform you that two persons are envolved in this fraudulent act one MR. Subhas srivastava of Balrampur Office & Another is Mr.Kameshwar Nath Gupta of Gonda Office. Whenever I contacted these two persons they are assuring me that your money will be returned to you. This is not a matter of money but this is a matter of fraud. Please also inform me to whom forum I should contact.

i had Sharekhan Trading Account 17265742

i have mailed sharekhan and contacted at Customer care to Close my account as i dont have time to Go to their office to close the Account ,But Still i am getting the Same SMS

When these kind of Rat companies Open account they visit Customer Office or Home but at the time of closing Account they act cheap

IF any Sharekhan person is Listening Close my Account

Thanks
Nitin Bourai
[protected]

dear shilpa and niki madam (sharekhan ahmedabad)

Niki Galiara
Operation Executive
Satellite Br, Group Code : 1259
[protected]

As discussed with you , i had pledged 200 nos reliance with sharekhan through your sales person priteshbhai for opening a trading account from opening date and was told that all profit and losses will be adjusted against my actual day to day loss against deduction of my shares and same was applied from day 1 and now i am holding 110 shares of reliance in account and balance are adjusted against my daily losses. then why i am being charged for delay intrest when i have already given you rights to deduct share against my pledge shares .

your sales person told that only brokerage and 60 rs per lot will be charged and daily losses or profit will give effect to your stock statement and accordingly i am doing trading till today's date.

i request you to kindly check my account and revert all the wrong charges to my account and give me clear statement and you can debit actual charges to my account against my daily losses or profit without any intrest and deduct my shares accordingly as on date and give me clear statement without any intrest delay charge .

Pls give me proper solution to my above problem so i can continue my acccount with you for future.

waiting for your immeidate cooopeartion.

regards

ritesh gandhi
[protected]
account name : abbpg6445p

dear sir,

i opened my account with sharekhan sales office main branch which is in lower parel( mumbai) in june 2011 with the promise of intra charge 0.04 paisa, & holding charges 0.20 paisa.

but when i have done my first trading i came to know that my intra day charges is 0.045 and 0.22 paisa, since that day i complaining to sales executive, customer service executive and also cre desk but still i am not getting any response from them nor even they bothered about it. kindly help me to solve this problem as soon as possible.
revert me on [protected]@gmail.com.

Sharekhan officials coerced me to open demat a/c offering various facilities. Accordingly I opened an a/c and I was asked to pay Rs. 2000/- towards AMC in Dec. 2010. I refused the charges. Again in Dec. 2011, my a/c was debited with Rs. 2000/-. But on constant correspondence I was refunded the same on 31.12.2011.
My grievance is that all brokers charge out of the sale proceeds or add to the purchase price of the shares. Then why separate AMC is required.
Secondly, I want refund of the amount of Rs. 2000/- wrongly taken in Dec. 2010.


Prescilla

The services at sharekhan coimbatore branch are pathetic. The manager is never available at the branch. Are the management at mumbai, listening and monitoring this branch or not? Useless people.

I had opened an trading a/c. vide client ID[protected] & branch ID 100099 in M/s. Sharekhan Ltd in the month of March ’11 with an initial amount of ` 30000/-. In the meantime my mother had a heart attack and therefore doctor recommended for immediate by-pass surgery. After two months i.e. in the month of May ,I called up my broker and to start investing in some of frontline stocks with the existing amount of Rs. 30000/- . Their reply took me on surprise that the money I had invested is only advance brokerage & I have to push additional 1-2 lacs to trade. I dropped to local office in Jamshedpur and asked to close my account and return back my money, their reply was much more surprising as the money I had invested is non-refundable.
Now I felt that the Sharekhan has cheated me with using unfair trade practices method as they showed me their pamphlet about attractive brokerage scheme there they had not mentioned of non-refund money in the scheme. They tactfully got my signature in 30 pages prospectus.
Suddenly last week I had a call from mobile no. [protected] that your scheme has only 07 months left to cover up the brokerage. Since I am middle class salaried slab I am nowhere near to this type of scheme.I requested them to change to other normal scheme if any, so I can place order with the existing money. My repeated request gone vain and they said it’s our discretion only we can change this scheme.
Points
1) They well know of my financials on the time of opening account.
2) They never told about terms & condition of this scheme and misguided by showing fraud pamphlet
3) They know well even not trading or achieving the limit they can retain the customer’s money

I request you to rescue me from the trap they laid and return back my money.

Dear Sir/Madam,

Regarding My Share account account closure, I have submited relevant documents to the Branch office 1.1/2year ago. but every time they are telling my signature missmatching, for that reason every time I'm visitng to the branch office and giving closure documents but they are not clsoing.

Please advise me?

Hi,

I am Sharekhan customer but i pissed out due to poor service.I lost my money many time when i wanted to sell my stock but website was not working. They are giving bad service to their customers.
India is leading in IT sector but Sharekhan's website for online trade is down most of the time.

Thanks
Mandeep