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KARVY STOCK BROKING LTD Complaints

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Complaint against KARVY STOCK BROKING LTD Broker

KARVY STOCK BROKING LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the KARVY STOCK BROKING LTD customers. The KARVY STOCK BROKING LTD complaints report analyzes the KARVY STOCK BROKING LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against KARVY STOCK BROKING LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The KARVY STOCK BROKING LTD complaint no. report also provides KARVY STOCK BROKING LTD’s number of active clients. This shows the growth of the broker year on year.

KARVY STOCK BROKING LTD Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2020-21	197	36,901
NSE	2020-21	4798	2,064
BSE	2019-20	458	36,503
NSE	2019-20	7443	243,256
BSE	2018-19	36	39,838
NSE	2018-19	241	268,272
BSE	2017-18	50	77,702
NSE	2017-18	225	244,753
BSE	2016-17	25	52,545
NSE	2016-17	150	181,384
BSE	2015-16	38	37,334
NSE	2015-16	191	166,923
BSE	2014-15	31	26,284
NSE	2014-15	173	172,489
BSE	2013-14	29	518,521
NSE	2013-14	113	126,308
BSE	2012-13	40	464,143
NSE	2012-13	114	555,326
BSE	2011-12	77	427,708
NSE	2011-12	142	580,994

KARVY STOCK BROKING LTD complaint at NSE

	2020-21	2019-20	2018-19
Active Clients	2064	243256	268272
Complaints	4798	7443	241
Resolved through the exchange	184	825	230
Non actionable	20	50	0
Advised / Opted for arbitration	0	3	0
Pending for redressal with exchange	4594	6565	11
No. of arbitration filed by clients		6	10
Decided by arbitrators in favour of the clients		5	10
Decided by the arbitrators		4	7
Pending for redressal with arbitrators		1	0

KARVY STOCK BROKING LTD complaint at BSE

	2020-21	2019-20	2018-19
Active Clients	36901	36503	39838
Complaints	197	458	36
Resolved through the exchange	28	77	32
Non actionable	0	302	0
Advised / Opted for arbitration	0	4	4
Pending for redressal with exchange	169	381	4
No. of arbitration filed by clients	0	0	0
Decided by arbitrators in favour of the clients	0	0	0
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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150 Comments

150. S venkataraman

| Link|May 3, 2024 11:46:30 AMReply

My id 1191032 they have not transfer my shares still they have not released pledged shares

149. Ram prakash bohare

| Link|June 10, 2021 2:05:27 AMReply

Pool a/c share recovery & fund balance ₹1722& security balance ₹ 97

148. Ram prakash bohare

| Link|June 10, 2021 2:02:59 AMReply

Pool a/c share recovery & fund balance ₹1722& security balance ₹ 97

147. Dr Ashok saraf

| Link|July 29, 2020 12:44:11 PMReply

6m icd given by medicare clinc 50L on 14.9.19& 30L on 30.9.19 to karvy data management.6 m intrest recd. no intrest & principle refund after that
Same fate Balram dealer 50L on 14.9.19,70L on 30.9.19 & 40L on 19.5.19

146. Ashutosh verma

| Link|May 10, 2021 6:05:30 PMReply

My self Ashutosh verma i was working in flipkart inbound employe id1205164 as a executive my concern is Salary issue i was working in karvy digiconnect sec59 noida last 2019 and in 2020 july august and september month salary not relaise our MD Sanjay gupta from karvy told me again and again same thing as of now not update frud company

145. KUL BHUSHAN KAPOOR

| Link|February 25, 2021 9:25:59 PMReply

My demat with karvy stock broking ltd is in 300394 13115923 trading account no 1407217. I purchased 50 share of Colgate polomoive purchased on 21st nov 2019. Till date I have not got the share despite complaints with Nse and sebi in nov 2019. Shameful for karvy for cheating seinor citizen. God knows whether we will get our shares and amount lying in trading account

144. Kumar

| Link|February 5, 2021 9:54:46 PMReply

Karvy

U r ditcher

My hard-earned money is block

Take imm action to release my shares

143. anantha prasad

| Link|January 8, 2021 10:02:08 PMReply

posting on behalf of S.K.SATYANARAYANA MURTHY, Who is 85 years., KARVY it is shameful on ur side to trouble an senior citizen who is 85 years.,, DP.NO.1301440003731891 ,Trading no.239005369., kindly release his holdings in the account and cash balance(ledger balance Rs 75,985.71 IMMEDIATLY.,,,understand the pain,situation of senior citizen and need of funds

142. Rameshwar Gaikwad

| Link|December 5, 2020 9:20:13 PMReply

Hello Karvy,
Since last 1 year, I was not able to transfer my securities fund and deposit amount held in my karvy DMAT Account : 1301440001989791.
Karvy blocked me in all ways to do any fund transfer or deposit transfer to my Bank account and none of your business communication/contact number's works.

It is very frustrating that I can't transfer my deposit amount and share holding also can't login now on Karvy portal there is a system error generated.
I trusted this authority and Karvy did fraud with me.

141. Manisha

| Link|January 4, 2021 4:00:37 PMReply

Following up with Karvy, NSE, SEBI since Oct 2019 & still no revert. My cash is stuck in Karvy. It's been 15 months already. When will I receive my money

140. G.S. Krishnamurthy

| Link|September 12, 2020 2:10:53 PMReply

what decision has taken in the court about pledged equities and commodities . my A/C NO 3331153 in which my equities woth about 9 lakh is pledged without my knowledge all been purchased againest cash It is my hard earn money pl z guide me what to do next

140.1. Yogesh Dabholkar

| Link|December 3, 2020 10:21:59 PM

I have given transfer of Stock form and required documents to Karvy to transfer my stock to Hdfc security in March 2020.
Only yes bank shares have been transfer why are other stock not done?

139. Meera Kapoor

| Link|November 26, 2020 5:32:11 PMReply

I had sold shares of ICICI Prudential, ICICI Lombard and Larsen & Toubro Infotech through Karvy Stockbroking Ltd. Chowk Branch Lucknow on 11 and 15 November 2019 for Rs. 377388.43 and had been requesting them as also the NSE and SEBI for release of payment but the same has not been paid to me. I request them to please expedite the transfer of money to the SB account with ICICI bank Chowk Lucknow registered with them since I am in urgent need of money.

138. Vivek

| Link|October 25, 2020 11:43:28 AMReply

Plz do my payout of rs 34000 and transfer my reliance dlf and pnb share

137. Nitin Shirsat

| Link|June 14, 2020 1:32:56 PMReply

My mother, Mrs. Vidya Shirsat sold 424 shares of Reliance industries on 29.10.2019. Her DPID- IN300394, Trading ID-A4401117, CLIENTID- 80288292
Till to date , she has not received a single rupee from Karvy. Kindly look into the matter at the earliest as she needs money for her medical treatment( suffering from brain tumour)

137.1. Salar khan

| Link|August 3, 2020 2:18:42 PM

No contact on toll free number

136. Probir sen

| Link|September 27, 2020 10:25:33 PMReply

I was following up with the person with whom I was dealing in karvy and this is since Nov 26th of 2019 and till date I have not received my payouts. Today the employee of karvy stock broking with whom we were dealing have left karvy and this is the scenario in almost all karvy stock broking units, I personally know visakhapatnam, siliguri & kolkata branch where almost all the staff of karvy stock broking has left and joined in other broking firms. In this situation we the investors has to come forward and force all the regulatory authorities to take action against persons responsible in karvy stock broking limited otherwise it will result in a big dent in the entire gambit of stock market. People involved in money laundering, financial fraud, breach of contract should not be allowed to go scot free.

135. G.S. Krishnamurthy

| Link|September 12, 2020 1:41:35 PMReply

my account no 3331153 i have received the message from your end that my fund balance is uploaded according to sebi rule now iwant clarify whether the above uploaded funds is in my demat holdin whether it can be transford to another agency

134. Dr Ashok saraf

| Link|July 29, 2020 12:23:02 PMReply

Medicare clinc gave 6month icd to karvy data management services 50lac on14.9.19 & 30 Lac on30.9.19. With great difficulty they gave intrest up till maturity date. They haven't returned principle & intrest after due date of maturity
Balram dealer gave 50L on 14.9.19,70L on39.9.19 & 40L on1911.19.same fate as above

133. SAURABH JAIN MEERUT

| Link|July 26, 2020 3:57:59 PMReply

WE HAVE MAKING SEVERAL COMPLAINTS TO KARVY (MEERUT BRANCH) PERSONALLY FROM 2019 NOVEMBER TILL LOCKDOWN STARTS MARCH-20 , WE ARE STILL EMAILING TO KARVY BUT THEY ARE GIVING EXCUSES SINCE LONG TIME THEY HAD NOT TRANSFER MY SHARES FROM BENEFICIARY ACCOUNT TO DP ACCOUNT AND MY CASH BALANCE WAS ALSO STILL THERE THEY HAD ALSO NOT TRANSFER IT , ANYONE CAN GUIDE TO SOLVE THIS ISSUE SINCE NOVEMBER-2019 AND NOW 26.07.2020 ONLY WE GET EXCUSES FROM KARVY

132. Amit Sankalan

| Link|July 23, 2020 1:07:04 AMReply

Why this karvy is exploiting us so much my client code 3181760 its a very long time they are not transferring my shares to my account what to do its miserable i m going to take them to court

131. M J Baby

| Link|July 18, 2020 7:23:52 PMReply

My account number is 494476. My payout dues of Rs 70000plus is yet to be received. Several requests made. No result. What should i do further