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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

109. M k rai   I Like It. 3|Report Abuse|  Link|January 14, 2020 4:39:18 PMReply
Large number of customers of Karvy are suffering . SEBI is not taking any decisions on the matter. Karvy is writing mail that SEBI has temporarily banned all their activities. So they are not paying money or transferring the shares . Main culprit is SEBI .
109.1. Ram Babu Tripathi   I Like It. |Report Abuse|  Link|January 18, 2020 8:11:03 PM
My name is Ram Babu Tripathi. I have a trading account in KSBL. My trading account no.2732309. I have sale out my shares. My pay out of Rs.115469.25 is outstanding since last two- three months. At present no contact is possible on the no.s of Karvy offices. Please look seriously the matter. So that my pay out could be issued.
109.2. Sri   I Like It. |Report Abuse|  Link|March 25, 2020 11:27:57 AM
The culprit is KARVY there is no staff in office. Only one person was alloted to look up shares and the other is on leavewhen I visited the office. They informed to submit CML copy issued by new trading broker to transfer shares to the new account from Karvy account. But even after submitting my shares were not transferred. Reason could be the only one person staff is on leave due to COVID19 lockdown. I stay 5 kms from the office and even my shares and fund are not transferred to the new account till now. No one to complaint only SEBI but it could be too late.
108. vamsi krishna   I Like It. |Report Abuse|  Link|March 24, 2020 12:37:18 PMReply
Dear karvy,
i have requested for pay out of 480000.till now with repeated requests problem not solved. karvy please look into the matter and kindly transfer the amount and transfer my shares to DIS.please respond
107. AKSHATA PARKAR   I Like It. |Report Abuse|  Link|March 20, 2020 2:20:56 PMReply
Respected sir/maam,
I have requested to transfer my reliance insdustrial limmited share on 13th Feb 2020 to my demat account of saraswat bank holding the CLIENT ID- 12059168.
Till date the above said share is not transfered to my demat account saraswat bank , santacruz east.

my karvy stock broking ltd CLIENT ID 18916987

TRANSFER MY SHARES AA EARLY AS POSSIBLE TI MY SARASWAT DEMAT ACCOUNT
PLZZ CALL ME OR MAIL ME
106. Sunil Kumar aggarwal   I Like It. |Report Abuse|  Link|March 1, 2020 12:04:15 PMReply
Dear sir,
I have applied for DIS on 18/01/2020 for demat account number 1622084. On enquiry from your office at New Rajinder nagar new dehi on 08/02/2020 I was informed to submit fresh application as my previous application was not uploaded properly and hence rejected without any information to me. I submitted my fresh application same day and was informed by Mr Raman Tyagi one of your employee at New Rajinder Nagar New Delhi office that the same has been issued and dispatched by the compamy through M/s Professional Courrier on 12/02/2020. I was also given the docket number video which the DIS was despatched. On enquiring from the courrier company I was informed that there no parcel received under the docket number given to me by your employee.
Further iam to submit that even after applying for the DIS twice almost about 460days back I am yet to receive my delivery instructions book
I shall be thankful I you will let me know the fate of my application and arrange to issue Delivery Instrction Slip without any further delay

106.1. Sudhakar Joshi   I Like It. |Report Abuse|  Link|March 19, 2020 12:00:57 PM
DELIVERY INSTRUCTION SLIPS NUMBER AA1000971216 ,AA1000971217 and AA100097218 were handed over in your Dilsuknagar Branch on 25th Feb 2020.Despite of many phone calls visits to your branch, the equity shares are not yet transferred ti ICICI BANK. please expedite the same. SUDHAKAR JOSHI TRADING ACCOUNT DIL0070. DEMAT ACCOUNT 13256092
105. Sudhakar Joshi   I Like It. |Report Abuse|  Link|March 13, 2020 1:39:05 PMReply
My Trading Account is DIL0070. I have submitted delivery instruction slips in your Dilsuknagar branch on 25th feb 2020.Despite of several reminders my equity shares have not been transferred ti Icici Bank till date.Please look into the matter and see that is is done at the earliest.
104. Nanhe B Patel   I Like It. |Report Abuse|  Link|February 17, 2020 11:42:47 AMReply
Dear Karvy my Demat id is 4003107 i am try to my payout clear sow many times but still not clear, also sow many email send but not rectified my issues, kindle again my humble requite please clear my payout this is a very urgent
103. Pushpa   I Like It. |Report Abuse|  Link|January 21, 2020 12:00:35 PMReply
My Demat a/c 233113144 in ksbl, I want to transfer my a/c to another brokerage house but lot of request karvy is not listening
Please call me.
102. Raju V   I Like It. |Report Abuse|  Link|February 11, 2020 4:35:30 PMReply
I have a demat and trading account with Karvy in the name of my mother Rugmani Venkatraman who has passed away and I am the nominee. I was following up with Mr. Pradeep in Hyderabad and Ms Sophia in Coimbatore. Former has left Karvy and latter is not picking up the call at all. Neither I have got any reply nor the issue sorted out. Where should I escalate R
101. M k Rai   I Like It. |Report Abuse|  Link|January 17, 2020 7:01:07 PMReply
Today Karvy has started sending mails that they will pay money and it will take at least 20 to 25 days . They are using language at least , it means still it is non committal mail . That may take much more time in clearing the payment. Very difficult situation. No government agency is doing any thing. Small investors have become helpless .For getting own money we have to look towards Karvy as if they have to pay their money .
100. S Siva Prasad   I Like It. |Report Abuse|  Link|January 17, 2020 11:34:35 AMReply
Clint id 1801237 , my stock holding not transfer by D.i instruction since long time pl. transfer my new account
99. Mohit goyal   I Like It. |Report Abuse|  Link|January 16, 2020 8:42:37 PMReply
Dear sir plz payout my 55619 rs my I'd 365718
Last three months i am try to solve the problem but no any one help me sebi also complaint by me it's regarding
98. Multan mal baid   I Like It. 2|Report Abuse|  Link|January 14, 2020 1:16:10 PMReply
My pay out of Rs 115000 is outstanding since last two months.At present no contact is possible either on toll free no or on any no.pl look seriously on the matter.
97. Rajesh Gandhi   I Like It. |Report Abuse|  Link|January 13, 2020 1:00:22 PMReply
I have 5 trading accounts with Karvy Stock Broking Limited (KSBL) and they have not transferred entire holdings to Demat accounts despite several requests. There are payout requests also pending against 3 trading accounts since the last 3 months. What should I do?
96. Sneha Gadiyar   I Like It. 3|Report Abuse|  Link|January 11, 2020 6:38:52 PMReply
Sir my trading account no 131BV364 and my payout amount of RS.69018/- is pending since October 2019. I am a lady senior citizen suffering from illness and treatment expenses I pay from this income only somehow. Please release my amount immediately.
95. Rakesh Verma   I Like It. |Report Abuse|  Link|January 10, 2020 9:27:02 AMReply
Neither the shares have been transferred from pool to demat nor the payment. No reply from Karvy. My client I'd 19608711.Requested several times for payment but not received. The shares are also not been transferred to my demat account.
94. Mkrai   I Like It. |Report Abuse|  Link|January 8, 2020 8:39:42 PMReply
Really never seen such a situation where lacs of customers have been helpless . Karvy is not paying customers money and we are not able to do any thing. SEBI and NSDL are helping KARVY only . Now there is no safeguard for small investors in this country. The directors of Karvy are enjoying at least they should have been behind the bar by the time.
94.1. Devinder Kumar Khosla   I Like It. |Report Abuse|  Link|January 10, 2020 4:32:22 AM
I am an small investor and have trading account and demat account with Karvy stock broking Ltd.Most of the shares are kept in pool. They have not yet transferred the pool' s shares to my demat account event after the repeated requests. I have complaint to Karvy, Sebi and NSDL about this problem.The issue is not yet resolved. The Govt or its agencies must help the small investors on an early date. Karvy a/c 186885. PAN ABOPK6358G.
93. Paresh Chauhan   I Like It. |Report Abuse|  Link|January 5, 2020 6:25:06 PMReply
I had Rs 574000 in my trading account as margin for future trading. As per my broker advice, I purchased shares of SBI for money instead of keeping cash in pool. The shares has not been transferred in my CDSL account even after one month. I have complained to Karvy, then NSE and then SEBI. but issue is not resolved till date. Instead of making focus on Ram Mandir / CAA / NRC, government should focus more on small investor protection. We are not getting any response from any government agency. Ram Jane, when will we get our money :(
92. Shubha Malagannavar   I Like It. |Report Abuse|  Link|January 3, 2020 3:45:46 PMReply
Karvy fraud has been open to all now for more than month and half.Sebi has to take whole responsibility of transferring shares at the first step and then cash transfer.
91. RAJESH B   I Like It. |Report Abuse|  Link|January 3, 2020 11:23:08 AMReply
I too am waiting for karvy Payout
Why every one is keeping quiet
I think we need to fight our case
Else this fraud will end in we loosing money
90. Rakesh Verma   I Like It. |Report Abuse|  Link|January 2, 2020 4:08:31 PMReply
When will karvy problem be resolved. SEBI should take strong action for complaints and resolve the problem of customers