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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

10. Raghavendra

| Link|September 27, 2019 10:18:29 AMReply

i have requested for a payout on 10th September and and it has been shown as credited on 11th September .. i received the money on 17th September.. if there is a delay payment from our side karvy will be charging penalty of 21% ..
and one more i had requested again for a payout on 26th September they have cancelled the request without informing ..
but the message displayed in karvy website is totally wrong the do a payout after 6-7 days
"In case a client makes online request for fund payout before 1.00PM, the request will be processed on the same business day.
If the fund payout request is placed after 1.00PM, it would be processed on the subsequent business day."

9. Jayshree solanki

| Link|August 2, 2019 5:41:11 PMReply

Each and Every service from karvy is of 3rd class and the chepest category..... They dont want to work at all and take responsibilities only they want to be get paid for doing nothing..... Beware of karvy guys....

8. MD ameerkhan

| Link|June 3, 2019 5:27:43 PMReply

Am MD ameerkhan am using dmat a/c I'd A45012501 want to close it and had send mail to service@karvy.com but no respond .close my dmat account .

7. HR Chaurasia

| Link|May 31, 2019 11:16:51 AMReply

Very Bad customer service, don not open demat with KARVY, brokerage high and customer service is very very poor...

6. Nayna R Parmar

| Link|August 20, 2016 10:53:46 AMReply

Sir my client id is A2800090 account holder''s name is Nayna R Parmar so on the date of 17th August my opening bal is Rs 27253.37 and it''s my last day to clear this amount therefore I sold my Dhanbank 1200 share @ 23 (amount 27600) so it''s clear that I already deducted my debit bal and the next day in my account Rs 245 ( something ) credit bal and then after I have done only one transaction of PMC finance 60000 @ 0.40 and sold @ 0.41 so that my M2M bal 600 on the date of 19th August and the date of 20th August I show my Account and I shoke there my Bal is debit Rs 2088.83 so I want to say it''s simple either it''s mistake or its fraud pls declare it''s soon as possible I wait for your answer pls inform me about this details and ya it''s not happened first time it''s already it''s happened 4 / 5 time pls pls help me neither I close my account and I think it''s pathetic experience from Karvy Thanks in advance

6.1. Vinay G

| Link|May 29, 2019 4:53:06 PM

Dear nayna,

You have made a transaction on Penny Stock, there is flat brokerage for penny stock, kindly check with your broker ans ask brokerage charges for penny stocks, you will understand the thing

5. Kishore Rajaram Bhogle

| Link|May 4, 2019 4:24:06 PMReply

Unauthorised trading in my do I'd 302470, client I'd 40108827, share of IoC and petreonet LNG missing from my account. I am a PSU employee and want early action in this regard from ur side

4. Janki P Kadu

| Link|May 4, 2019 4:19:09 PMReply

Unauthorised trading in my account DP ID 302470, client ID 40108802, I have only 2498 iOC share balance in my account out of 9600 and Nil share of petreonet long out of 800. I have complaint somany times, no response from ur side. I am a PSU employee, if no action will be taken from ur side I will highlight this issue with media.

3. Madhu Sudan Patel

| Link|April 5, 2019 5:33:59 PMReply

I am having trading account 2723600 with Varanasi branch, I am being charged DP transactions charges illegally on purchase of shares, my repeated follow up with branch and HO did not yield any results, this company is cheating with small investors

2. NARESH PRASAD DIXIT

| Link|February 8, 2019 10:18:07 PMReply

i, naresh prasad dixit , have demat a/c no. 19941321 at patel nagar branch in GHAZIABAD (U.P.) . From last more than 4 months i am regularly trying to get "combined - delivery instructions by client" book but neither branch has extended any cooperation nor head office Hyderabad have done needful. Now i feel i have done mistake to open a/c with KARVY STOCK BROKING HYDERABAD. Request to send the required book immediately enabling me to transfer the share and do trading.

1. varsha

| Link|February 10, 2018 3:45:04 PMReply

Hell all ur executives. Very rude they are. Careless to the core... they will ask to sign some documents and misplace and then very simply say bhool gae. Pls take action against them. They jus kno hw to harass their clients. Its now coming on your company reputation.