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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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149 Comments

129. Amit Kumar Bhaduri

| Link|June 24, 2020 6:17:33 PMReply

karvy has not refunded my money. I am following up with Karvy since October 2019. And all they say is that the team is looking into it and will refund. After the locked down in mar2020. Hyderabad Office remains closed and when I followed up in June 2020 again, no Phone no is active till now, I want to escalate this matter to the highiest autority in Karvy.

128. Roopa Bansode

| Link|June 23, 2020 8:28:04 PMReply

MY name is Roopa. After sending several reminders. Couriered original cheque.. karvy has not refunded my money. I am following up with Karvy since October 2019. And all they say is that the team is looking into it and will refund. After the locked down in mar2020. I forgot to follow up and when i followed up in June 2020 again, they want me to send the details right from the scratch. I want to escalate this mattre to the highiest autority in Karvy.

127. h s shashidhara

| Link|June 19, 2020 11:17:57 AMReply

My client code is 1212060 I request karvy head office look into the matter of irresponsible and irregular activities form you people, even after requesting to transfer of shares you people are not responsible to respond, it is hard earned money I have invested and many irregularities in the account I want immediate action from karvy head office to rectify and transfer of shares because hence forth no point in believing.

126. M J Baby

| Link|June 15, 2020 12:28:46 PMReply

MY account no is 494476. I have requested several times for getting my payout. No action has been taken so far. Please guide further procedures

125. Nitesh

| Link|June 11, 2020 11:30:53 PMReply

my client ID is 19495374 karvy not refunding my mony and demat and trading A/c accesses not permitted, I don't know what to do.

124. Neeraj Agrawal

| Link|June 10, 2020 12:32:36 PMReply

My client code is 164876. Karvy has not honoured my repeated payout request . Everytime it's assured that the payout will be honoured soon. Now I'm not able to login to my karvy trade account.

123. Jhunarani sahu

| Link|June 8, 2020 3:17:39 PMReply

My name is jhunarani sahu, heaving client I'd -80258789, with karvy. Applied to transfer my shares to another demat a/c along back before in month of January 2020,3 months passed, not yet done. Customer care not responding at all

122. rakesh

| Link|May 28, 2020 2:21:13 PMReply

my client code is 3262584 and after again and again request they are not releasing my payout.Now i will complaint on SCORE portal hope for the best

121. Pankaj Yadav

| Link|May 25, 2020 4:34:21 PMReply

My client code is 528856, they are not paying out
my amount Rs 69000 to my bank account, dont know when they will pay it

120. abhishek

| Link|May 10, 2020 10:47:05 PMReply

my client code 4143005 they are not refunding my money Rs 43450

119. Indira Prakash Menon

| Link|May 8, 2020 4:18:01 PMReply

My client code is 2134798. I sold 80 shares of Reliance Industries Limited on 13th November 2019 for Rs,1,17,045 and requested for a payout of the amount on the next day. Till now they have not paid the amount, I have been sending them messages and as per their reply reply dated 14th March 2020 they had informed the payout will be effected in the next week. However, till now I have not received the amount.

118. M Sindhura

| Link|April 28, 2020 4:36:58 PMReply

I don't know Karvy is banned from trading so I transferred Rs90000/- on 25 th March 2020.unable to trade I did payout of Rs 90000/- on 25 th March 2020.But I did not receive amount even today 28 April 2020.even head office people told me to complaint to SEBI.As if they dont even care.

117. R Hussain

| Link|April 16, 2020 12:10:24 AMReply

my trading code 3040579 karvy is not bothered to give payout amount of Rs21195 inspite of multiple emails and every time they are giving false assurance that they are going to pay soon.There online trading platform is not working for more than 1 week

116. MAHESH BODKE

| Link|April 15, 2020 9:54:39 AMReply

My Client code is A45037775. I am unable to login and my payout amount is 9900/- but no response from Karvy

115. Vinod

| Link|April 13, 2020 11:25:44 PMReply

My name is vinod shivoor i did not got payout amount 77303 plz fefund to my bank account

114. Satyendra

| Link|April 10, 2020 4:52:03 PMReply

Karvy:
There service is very bad they don't response and also there online account management is very bad. Now day If I'm trying to open the account, it's showing no licence and because of that I'm not able to sell or buy.
Don't know how to fix that, also they are not responding, I tried to call, even I raised request but no response, don't at the end who will be responsible for the loss.

113. anil

| Link|April 10, 2020 3:33:07 PMReply

Have 2 accounts in karvy and not able to transfer money which is around 1lakh.
please suggest

112. Ramesh Chandra Mishra

| Link|April 5, 2020 6:02:13 AMReply

My client gode is 632379. There is a credit balance of Rs 122060.00 since last 8 months. Inspire of several requests, Karvy Stock Broking Limited has not paid my money. It appears to be a fraudulent activity by this company. Kindly take action and arrange to my my money quickly.

111. ANANYA KUNDU

| Link|April 1, 2020 9:43:56 PMReply

I hold 1000 shares of M/S RUCHI SOYA INDUSTRIES LTD, (i.e. 550 shares in my demat a/c and 450 shares in your pull a/c.). As per company information 1000 shares = 10 new shares. But I have received 550 shares= 5 shares in my demat a/c and 450 shares = 4 shares till date in your pull account. So I have received 9 new shares (i.e. 5 nos in demat and 4 nos in your pull a/c) instade of 10 new shares. Kindly look into this matter urgently.My trading a/c No: 1831615.

110. ANANYA KUNDU

| Link|April 1, 2020 9:32:32 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.