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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

69. Vinay K

| Link|December 10, 2019 9:44:41 PMReply

Client ID 3941417.. Requested for payout on 22nd Nov. Still amount not credited

68. Rakesh Verma

| Link|December 10, 2019 6:38:18 PMReply

Waiting for payment from 23rd Nov 2019

67. Arfath pasha

| Link|December 10, 2019 11:02:34 AMReply

I am trying to payout from past 1 month, it getting revers to demat opening balance, please hv a look n do the needful

Thanks
Arfath

66. Gurjeet Singh

| Link|December 10, 2019 10:38:04 AMReply

Karvy is not transfer my share from pool account to demate account . My client id is 1972544 and 1972853

65. Rajender

| Link|December 10, 2019 6:36:58 AMReply

Karvy is not processing my payout of rs 78000.my Clint id is 9897557

64. PAUL

| Link|December 9, 2019 9:19:23 PMReply

My shares are still not transferred to Demat account Client ID 350337 even after repeated e mails

63. Rakeshv Verma

| Link|December 9, 2019 7:55:07 PMReply

Payment not received. 15days have passed. No reply. My client I'd is19608711.

62. Narayan Venkata

| Link|December 9, 2019 2:00:07 PMReply

I had applied for Payout for Rs. 7500 15 days back. Still not credited in my bank.
Neither the payment is showing in my Karvy A/c nor is credited in my Account.
My id is A45058435

61. Hemlata Lade

| Link|December 9, 2019 1:09:23 PMReply

I have requested for payout on 25-Oct-19 but my bank account is not credited yet.
My client id 98918839.

60. Narayana bhat

| Link|December 8, 2019 7:43:54 PMReply

I have submitted a payout request on November 12th from client ID 4431350. But amount is not credited to my bank till date. Please do the needful.

59. PRASADH S

| Link|December 8, 2019 8:56:03 AMReply

My account is A45075524 and an amount of 15320 payment is pending from Karvy for the past 2 weeks . I tried to contact every mode in Karvy but no response

58. Mahendra Kumar Rai

| Link|December 7, 2019 5:39:46 PMReply

Karvy has eaten the money of small investors . They are not processing my pay out requests. No one replying any mail or phone call . We suffering but no action against Karvy and their board members. In fact not paying money is a criminal offense. Board members should be sent immediately behind the bar.

57. Shiwani sharma

| Link|December 6, 2019 11:02:03 AMReply

This Is very bad experience with the karvy
I sold out my mutual funds from my MFSS almost 5 days back but every next day my stock still in my account.
My user id is 2794039

I also withdrawal some amount from my balance that is also not credited in my account..

Need prompt solution otherwise file a legal case

56. M Priyanka

| Link|December 5, 2019 3:49:14 PMReply

My client ID 4177616, I have requested for payout of Rs.51,605 but there is no response form Karvy till date. I have made repeated number of requests but my payout instruction is being cancelled all the time. I don't understand what the so called SEBI is doing when large number of investors are suffering. I think all the customers together should move an application before NCLT against KARVY. Further, action should be taken against Auditor's who have done the process auditing of KARVY.

55. Mahadevan P

| Link|December 5, 2019 12:42:28 PMReply

Still waiting for Payout from Nov 20..daily following...getting different response..recent one is SEBI has given a deadline of 8th Dec. to payout

54. Tanveer Ahmed

| Link|December 5, 2019 11:47:17 AMReply

I have requested payout of Rs. 98042 on 18.11.2019. But still I didn't get my money. I think they have theft out money.. I have lodge complaint to SEBI & NSE. SEBI has transfer the share theft by Karvy to the Client Account. What about our money.. ?? ? Pls assist me how to get money back.

53. Mahesh Kumar

| Link|December 5, 2019 10:47:34 AMReply

My client id A45043295, My payout request still not being processed by Karvy, dated 28.11.19, my payout amount 2600/=dated 28.11.19, which I am not getting my money, No tollfree lifts any calls, I m fed-up with Karvy stock brocking ltd.

52. Sapare namdev Prakash

| Link|December 4, 2019 3:00:15 PMReply

My client id is A45065620 I have requested to payout in an amount of 80732 since 15 days there is no response

51. MUHAMMED M.T.

| Link|November 22, 2019 9:00:24 AMReply

my ID3601235 I am waiting to receive my pay out and waiting 19 days

51.1. Ritesh

| Link|December 3, 2019 2:40:35 PM

Karvy wale bahut bade wale chor hai.........

50. VIPIN KUMAR

| Link|December 3, 2019 10:42:55 AMReply

My payout request not being processed by Karvy. I am not getting my money . No one lifts any phone call and no one replying mail . Very unfortunate situation.