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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

2020-212019-202018-19
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

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149 Comments

129. Amit Kumar Bhaduri   I Like It. |Report Abuse|  Link|Jun 24, 2020 7:17:33 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   I Like It. |Report Abuse|  Link|Jun 23, 2020 9:28:04 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   I Like It. |Report Abuse|  Link|Jun 19, 2020 12:17:57 PMReply
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   I Like It. |Report Abuse|  Link|Jun 15, 2020 1:28:46 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   I Like It. |Report Abuse|  Link|Jun 12, 2020 12:30:53 AMReply
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   I Like It. |Report Abuse|  Link|Jun 10, 2020 1:32:36 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   I Like It. |Report Abuse|  Link|Jun 8, 2020 4:17:39 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   I Like It. |Report Abuse|  Link|May 28, 2020 3:21:13 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   I Like It. |Report Abuse|  Link|May 25, 2020 5:34:21 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   I Like It. |Report Abuse|  Link|May 10, 2020 11:47:05 PMReply
my client code 4143005 they are not refunding my money Rs 43450
119. Indira Prakash Menon   I Like It. |Report Abuse|  Link|May 8, 2020 5:18:01 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   I Like It. |Report Abuse|  Link|Apr 28, 2020 5:36:58 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   I Like It. |Report Abuse|  Link|Apr 16, 2020 1:10:24 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   I Like It. |Report Abuse|  Link|Apr 15, 2020 10:54:39 AMReply
My Client code is A45037775. I am unable to login and my payout amount is 9900/- but no response from Karvy
115. Vinod   I Like It. |Report Abuse|  Link|Apr 14, 2020 12:25:44 AMReply
My name is vinod shivoor i did not got payout amount 77303 plz fefund to my bank account
114. Satyendra   I Like It. |Report Abuse|  Link|Apr 10, 2020 5:52:03 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   I Like It. |Report Abuse|  Link|Apr 10, 2020 4:33:07 PMReply
Have 2 accounts in karvy and not able to transfer money which is around 1lakh.
please suggest
112. Ramesh Chandra Mishra   I Like It. |Report Abuse|  Link|Apr 5, 2020 7:02:13 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   I Like It. |Report Abuse|  Link|Apr 1, 2020 10:43:56 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   I Like It. |Report Abuse|  Link|Apr 1, 2020 10:32:32 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.