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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

110. ANANYA KUNDU

| Link|April 1, 2020 10:32:32 PMReply

PAY OUT AMOUNT RS.154987/- AND PULL SHARES OF MY TRADING A/C NO: 1831615 IN MY NAME ANANYA KUNDU. Inspite of somany remainders and company promise that my payout amount will be send within 31.03.2020, but failed the company. The amount is required for my hire education. The amount is lying from Dec.2019.Kildly look into this matter and make arrangement to clear my dues and pull shares immediately.

109. M k rai

| Link|January 14, 2020 5:39:18 PMReply

Large number of customers of Karvy are suffering . SEBI is not taking any decisions on the matter. Karvy is writing mail that SEBI has temporarily banned all their activities. So they are not paying money or transferring the shares . Main culprit is SEBI .

109.1. Ram Babu Tripathi

| Link|January 18, 2020 9:11:03 PM

My name is Ram Babu Tripathi. I have a trading account in KSBL. My trading account no.2732309. I have sale out my shares. My pay out of Rs.115469.25 is outstanding since last two- three months. At present no contact is possible on the no.s of Karvy offices. Please look seriously the matter. So that my pay out could be issued.

109.2. Sri

| Link|March 25, 2020 12:27:57 PM

The culprit is KARVY there is no staff in office. Only one person was alloted to look up shares and the other is on leavewhen I visited the office. They informed to submit CML copy issued by new trading broker to transfer shares to the new account from Karvy account. But even after submitting my shares were not transferred. Reason could be the only one person staff is on leave due to COVID19 lockdown. I stay 5 kms from the office and even my shares and fund are not transferred to the new account till now. No one to complaint only SEBI but it could be too late.

108. vamsi krishna

| Link|March 24, 2020 1:37:18 PMReply

Dear karvy,
i have requested for pay out of 480000.till now with repeated requests problem not solved. karvy please look into the matter and kindly transfer the amount and transfer my shares to DIS.please respond

107. AKSHATA PARKAR

| Link|March 20, 2020 3:20:56 PMReply

Respected sir/maam,
I have requested to transfer my reliance insdustrial limmited share on 13th Feb 2020 to my demat account of saraswat bank holding the CLIENT ID- 12059168.
Till date the above said share is not transfered to my demat account saraswat bank , santacruz east.

my karvy stock broking ltd CLIENT ID 18916987

TRANSFER MY SHARES AA EARLY AS POSSIBLE TI MY SARASWAT DEMAT ACCOUNT
PLZZ CALL ME OR MAIL ME

106. Sunil Kumar aggarwal

| Link|March 1, 2020 1:04:15 PMReply

Dear sir,
I have applied for DIS on 18/01/2020 for demat account number 1622084. On enquiry from your office at New Rajinder nagar new dehi on 08/02/2020 I was informed to submit fresh application as my previous application was not uploaded properly and hence rejected without any information to me. I submitted my fresh application same day and was informed by Mr Raman Tyagi one of your employee at New Rajinder Nagar New Delhi office that the same has been issued and dispatched by the compamy through M/s Professional Courrier on 12/02/2020. I was also given the docket number video which the DIS was despatched. On enquiring from the courrier company I was informed that there no parcel received under the docket number given to me by your employee.
Further iam to submit that even after applying for the DIS twice almost about 460days back I am yet to receive my delivery instructions book
I shall be thankful I you will let me know the fate of my application and arrange to issue Delivery Instrction Slip without any further delay

106.1. Sudhakar Joshi

| Link|March 19, 2020 1:00:57 PM

DELIVERY INSTRUCTION SLIPS NUMBER AA1000971216 ,AA1000971217 and AA100097218 were handed over in your Dilsuknagar Branch on 25th Feb 2020.Despite of many phone calls visits to your branch, the equity shares are not yet transferred ti ICICI BANK. please expedite the same. SUDHAKAR JOSHI TRADING ACCOUNT DIL0070. DEMAT ACCOUNT 13256092

105. Sudhakar Joshi

| Link|March 13, 2020 2:39:05 PMReply

My Trading Account is DIL0070. I have submitted delivery instruction slips in your Dilsuknagar branch on 25th feb 2020.Despite of several reminders my equity shares have not been transferred ti Icici Bank till date.Please look into the matter and see that is is done at the earliest.

104. Nanhe B Patel

| Link|February 17, 2020 12:42:47 PMReply

Dear Karvy my Demat id is 4003107 i am try to my payout clear sow many times but still not clear, also sow many email send but not rectified my issues, kindle again my humble requite please clear my payout this is a very urgent

103. Pushpa

| Link|January 21, 2020 1:00:35 PMReply

My Demat a/c 233113144 in ksbl, I want to transfer my a/c to another brokerage house but lot of request karvy is not listening
Please call me.

102. Raju V

| Link|February 11, 2020 5:35:30 PMReply

I have a demat and trading account with Karvy in the name of my mother Rugmani Venkatraman who has passed away and I am the nominee. I was following up with Mr. Pradeep in Hyderabad and Ms Sophia in Coimbatore. Former has left Karvy and latter is not picking up the call at all. Neither I have got any reply nor the issue sorted out. Where should I escalate R

101. M k Rai

| Link|January 17, 2020 8:01:07 PMReply

Today Karvy has started sending mails that they will pay money and it will take at least 20 to 25 days . They are using language at least , it means still it is non committal mail . That may take much more time in clearing the payment. Very difficult situation. No government agency is doing any thing. Small investors have become helpless .For getting own money we have to look towards Karvy as if they have to pay their money .

100. S Siva Prasad

| Link|January 17, 2020 12:34:35 PMReply

Clint id 1801237 , my stock holding not transfer by D.i instruction since long time pl. transfer my new account

99. Mohit goyal

| Link|January 16, 2020 9:42:37 PMReply

Dear sir plz payout my 55619 rs my I'd 365718
Last three months i am try to solve the problem but no any one help me sebi also complaint by me it's regarding

98. Multan mal baid

| Link|January 14, 2020 2:16:10 PMReply

My pay out of Rs 115000 is outstanding since last two months.At present no contact is possible either on toll free no or on any no.pl look seriously on the matter.

97. Rajesh Gandhi

| Link|January 13, 2020 2:00:22 PMReply

I have 5 trading accounts with Karvy Stock Broking Limited (KSBL) and they have not transferred entire holdings to Demat accounts despite several requests. There are payout requests also pending against 3 trading accounts since the last 3 months. What should I do?

96. Sneha Gadiyar

| Link|January 11, 2020 7:38:52 PMReply

Sir my trading account no 131BV364 and my payout amount of RS.69018/- is pending since October 2019. I am a lady senior citizen suffering from illness and treatment expenses I pay from this income only somehow. Please release my amount immediately.

95. Rakesh Verma

| Link|January 10, 2020 10:27:02 AMReply

Neither the shares have been transferred from pool to demat nor the payment. No reply from Karvy. My client I'd 19608711.Requested several times for payment but not received. The shares are also not been transferred to my demat account.

94. Mkrai

| Link|January 8, 2020 9:39:42 PMReply

Really never seen such a situation where lacs of customers have been helpless . Karvy is not paying customers money and we are not able to do any thing. SEBI and NSDL are helping KARVY only . Now there is no safeguard for small investors in this country. The directors of Karvy are enjoying at least they should have been behind the bar by the time.

94.1. Devinder Kumar Khosla

| Link|January 10, 2020 5:32:22 AM

I am an small investor and have trading account and demat account with Karvy stock broking Ltd.Most of the shares are kept in pool. They have not yet transferred the pool' s shares to my demat account event after the repeated requests. I have complaint to Karvy, Sebi and NSDL about this problem.The issue is not yet resolved. The Govt or its agencies must help the small investors on an early date. Karvy a/c 186885. PAN ABOPK6358G.

93. Paresh Chauhan

| Link|January 5, 2020 7:25:06 PMReply

I had Rs 574000 in my trading account as margin for future trading. As per my broker advice, I purchased shares of SBI for money instead of keeping cash in pool. The shares has not been transferred in my CDSL account even after one month. I have complained to Karvy, then NSE and then SEBI. but issue is not resolved till date. Instead of making focus on Ram Mandir / CAA / NRC, government should focus more on small investor protection. We are not getting any response from any government agency. Ram Jane, when will we get our money :(

92. Shubha Malagannavar

| Link|January 3, 2020 4:45:46 PMReply

Karvy fraud has been open to all now for more than month and half.Sebi has to take whole responsibility of transferring shares at the first step and then cash transfer.

91. RAJESH B

| Link|January 3, 2020 12:23:08 PMReply

I too am waiting for karvy Payout
Why every one is keeping quiet
I think we need to fight our case
Else this fraud will end in we loosing money