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Bansal Finstock Consumer Complaints

Bansal Finstock Pvt Ltd (Bansal Finstock), a part of Bansal Group was incorporated in 2009 and operates in equity cash market, equity derivatives, currency futures and debt market segments. Other services offered by the company includes demat services, internet trading, NRI services and Distribution of Financial Products amongst others. Bansal Finstock has membership in equity cash and derivative segments of both NSE and BSE. It also acts as a DP with CDSL. The company facilitates commodity trad... Know more about Bansal Finstock

Complaint against Bansal Finstock Broker

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

These complaints are serious grievances against Bansal Finstock broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Bansal Finstock complaint no. report also provides Bansal Finstock’s number of active clients. This shows the growth of the broker year on year.

Bansal Finstock Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ?
NSE 2019-20 11,516 2
BSE 2018-19 1,431 1
NSE 2018-19 12,325 8
BSE 2017-18 3,908 1
NSE 2017-18 13,257 26
BSE 2016-17 1,648 3
NSE 2016-17 8,291 13
BSE 2015-16 1,354 6
NSE 2015-16 5,065 26
BSE 2014-15 8,272 1
NSE 2014-15 3,376 10
BSE 2013-14 6,959 3
NSE 2013-14 2,486 6
BSE 2012-13 5,067 2
NSE 2012-13 5,059 11
BSE 2011-12 2,404 9
NSE 2011-12 3,782 10

Bansal Finstock complaint at NSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year
No. of active clients115161232513257
No. of complaints received *2826
Resolved through the exchange2726
Non actionable **000
Advised / Opted for arbitration000
Pending for redressal with exchange010
No. of arbitration filed by clients23
Decided by arbitrators in favour of the clients22
Decided by the arbitrators20
Pending for redressal with arbitrators01
% of No. of complaints as against No. of active clients0.010.060.19
% of complaints resolved as against complaints received10087.5100

Bansal Finstock complaint at BSE

2018-192017-182016-17
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year280242122714686
No. of active clients143139081648
No. of complaints received *113
Resolved through the exchange113
Non actionable **000
Advised / Opted for arbitration000
Pending for redressal with exchange000
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000
% of No. of complaints as against No. of active clients0.070.030.18
% of complaints resolved as against complaints received100100100

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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8 Comments

mahendra bogati
8. mahendra bogati  Aug 23, 2018 00:29 Reply
same thing happen with me ..come together
mahendra bogati
7. mahendra bogati  Aug 23, 2018 00:29 Reply
same thing happen with me ..come together
mahendra bogati
6. mahendra bogati  Aug 23, 2018 00:28 Reply
same thing happen with me ..come together
saber
5. saber  Nov 18, 2016 15:07 Reply
same thing repeated with me
Mp parmar
5.1. Mp parmar  Sep 23, 2017 22:22
Bansal fin stock p ltd 2011to 2017 92 complain nse bse the customer no trust this Co and do not open account this Co and branch operator cheating to the customer and no provide document by the Co altre bansal fin stock no working this Co and more maseges in Web sight
george varkey scaria
4. george varkey scaria  Sep 26, 2016 00:10 Reply

I am sorry to believe Bnsal online is a biggest cheaters ever in India. One of there person named Mr.Nikhil Vora visited and asked me to invest share market. He introduced as RM (Relationship Manager ) of the company. He insisted to invest and assured 18% of return and 100% safety of capital. He open a De- mate account and trading account without charges. Mr.yogesh Waghela also visited me and introduce as Team Leader.They force me to start with Rs 50000/- and I paid the amount by cheque on 31st May 2016.Mr. Nikhil Vora advised me to deposit more money and I paid Rs.50000/-by cheque on August 3rd .August 27th I received a call and said “You have no share holding cash is only Rs.1746/-.” So far I received Rs 4000/-on 4th Jul. Rs.3000/- on 3rd August.
I called Mr.Nikhil and Mr. Yogesh asked my fund status, but they refused to replay and asked me to see the ledger statement.
I am a 63 year old person have not done any trading my own. Mr. Nikhil tells me to repeat his calls and he makes terminal to calls me. When the call comes I repeat what he said. In fact I do not know what is call and put.All the direction was giving by Nikhil.
My trading account number MH011113, Contact Number 9892449622,E-mail geo_computers@yahoo.co.in
I anticipate the well-wishers to come forward and get together to fight against those type criminals .
With anticipation George V Scaria
Anant Naik
4.1. Anant Naik  Nov 25, 2016 16:38
Dear Mr Varkey Scaria,

even I have a similar experience, can we all come together and do something?
please call me if it suits you? I will try and check if we can find more people.

Regards
Anant
Adesh Sapre
4.2. Adesh Sapre  Jul 15, 2017 13:28
Same thing has happened with me
We all should come together
My details adesh.sapre@gmail.com
mobile - 9324678324

Rgds

Adesh Sapre
kirtida t ved
3. kirtida t ved  Jul 8, 2017 20:45 Reply
Please provide contact details and email ID and address of Saber and Anant Naik who are aggrieved clients of Bansal Finstock P Ltd and who have posted grievance on site
Mp parmar
2. Mp parmar  Jun 29, 2017 22:57 Reply
Bansal fin stock fraud company in gujrat my complain running in vadodra court my mo no 9825088600 please support and colect more person in all over gujrat
kirtida t ved
1. kirtida t ved  May 20, 2017 20:12 Reply
Not good experience with Bansal Finstock P Ltd, operating from Kandivali W. I have been cheated by them. I need support from those deceived and whether we can find redressal to our issues. Please contact for solution.

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