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KARVY STOCK BROKING LTD Complaints

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

2020-212019-202018-19
Active Clients2064243256268272
Complaints47987443241
Resolved through the exchange184825230
Non actionable20500
Advised / Opted for arbitration030
Pending for redressal with exchange4594656511
No. of arbitration filed by clients610
Decided by arbitrators in favour of the clients510
Decided by the arbitrators47
Pending for redressal with arbitrators10

KARVY STOCK BROKING LTD complaint at BSE

2020-212019-202018-19
Active Clients369013650339838
Complaints19745836
Resolved through the exchange287732
Non actionable03020
Advised / Opted for arbitration044
Pending for redressal with exchange1693814
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000

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

149 Comments

149. Ram prakash bohare  Jun 10, 2021 2:05:27 AM I Like It. | Report Abuse Reply
Pool a/c share recovery & fund balance ₹1722& security balance ₹ 97
148. Ram prakash bohare  Jun 10, 2021 2:02:59 AM I Like It. | Report Abuse Reply
Pool a/c share recovery & fund balance ₹1722& security balance ₹ 97
147. Dr Ashok saraf  Jul 29, 2020 12:44:11 PM I Like It. | Report Abuse Reply
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  May 10, 2021 6:05:30 PM I Like It. | Report Abuse Reply
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  Feb 25, 2021 9:25:59 PM I Like It. | Report Abuse Reply
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  Feb 5, 2021 9:54:46 PM I Like It. | Report Abuse Reply
Karvy

U r ditcher

My hard-earned money is block

Take imm action to release my shares
143. anantha prasad  Jan 8, 2021 10:02:08 PM I Like It. | Report Abuse Reply
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  Dec 5, 2020 9:20:13 PM I Like It. | Report Abuse Reply
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  Jan 4, 2021 4:00:37 PM I Like It. | Report Abuse Reply
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  Sep 12, 2020 2:10:53 PM I Like It. | Report Abuse Reply
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  Dec 3, 2020 10:21:59 PM I Like It. | Report Abuse
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  Nov 26, 2020 5:32:11 PM I Like It. | Report Abuse Reply
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  Oct 25, 2020 11:43:28 AM I Like It. | Report Abuse Reply
Plz do my payout of rs 34000 and transfer my reliance dlf and pnb share
137. Nitin Shirsat  Jun 14, 2020 1:32:56 PM I Like It. | Report Abuse Reply
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  Aug 3, 2020 2:18:42 PM I Like It. | Report Abuse
No contact on toll free number
136. Probir sen  Sep 27, 2020 10:25:33 PM I Like It. | Report Abuse Reply
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  Sep 12, 2020 1:41:35 PM I Like It. | Report Abuse Reply
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  Jul 29, 2020 12:23:02 PM I Like It. | Report Abuse Reply
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  Jul 26, 2020 3:57:59 PM I Like It. | Report Abuse Reply
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  Jul 23, 2020 1:07:04 AM I Like It. | Report Abuse Reply
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  Jul 18, 2020 7:23:52 PM I Like It. | Report Abuse Reply
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
130. Sudhir Bansal  Jun 19, 2020 12:17:13 AM I Like It. | Report Abuse Reply

There is no customer care response,no any solution even several e mail complaints to official of Karvy. And also no response from local office Meerut. My payout issue is pending since 21 nov. 19, they are not transferred my money into my account. Worst trading company. Now what should I do?
130.1. Harbir Singh  Jul 9, 2020 10:43:50 AM I Like It. | Report Abuse
I was having 52 shares of relience industries Ltd in my trading account.now vanished from my account my dmat account no is30155721106082.As it is my hard-earned money.So pl.credit my shares .