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This was my first company but I had bad experience. Actually one of my friend's friend was working in this company in 2007, so he came to my place and ask to open a demat account. He told that if I will open an account than he will get his salary. But I told him that I will not trade as I not know a single thing about trading in stock market. He told me that once he gets his salary then he will get the refund of my money. So I opened an account and after 10 days I got my money back also, as I had never traded.

Now comes the story. .. In 2011 when I thought of to doing intraday trade . I called one executive from Sharekhan to open an account. I had given all my documents and a cheque for account opening fees. On the same day in evening the executive called me and said that ur pan card is already having demat account with us. I said but I had closed it long time back. That time my friend's friend only sent me the cheque. As I was not aware of that I have to close it also. Neither company called me for that. In 2011 the executive who called me says that there is some 1000 amc debited in your bank account. If you want to do any trading than you have to pay pending Rs 1000. I said why I should pay when I closed the account. He said this only the procedure. I said its ok let it be I don't want to trade with Sharekhan.

Finally I opened my account in IIFL. It's 1 and half year with them. I am a daily trader in equity, currency and commodity. so what this reflect for Rs 1000 Sharekhan has lost a heavy brokerage from my side, almost 20 to 30 k they have lost. This is all because of their employee’s short sight to get new accounts for showing numbers and then cheat new investors. You should be very careful from their sales team.