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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

49. KK

| Link|December 3, 2019 9:29:02 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.

48. S.S.N. Murthy

| Link|November 29, 2019 1:18:24 PMReply

I had some old reliance shares in physical form which to be dematted. One. Mr. Vaibhav working in your Mulund Branch, Mumbai came to my house through some contact in help me in this regard. Subsequently, he introduced one Ms. Neetu his colleague and told me she will help me in dematting my shares. I have handed over the shares to them. I have also opened a SIP account in my wife's name - Lalitha Murthy and this account is still going on. Subsequently Ms. Neetu came to me and requested for Rs.2,000/- for completing the work, which also I gave. Still my shares are not dematted. In between, based on the suggestion of Mr. Vaibhav, I gave a complaint to one Mr. Gaurang, whom I am told boss of Ms. Neetu. I got a whatap reply stating that this working pending at the HO of Karvy in Hydrabad. I have stored all my conversation in the whatsap. Can you please help me in this regard since we gave the original shares somewhere in the month of March 2019

47. Mahadevan P

| Link|November 29, 2019 8:45:37 AMReply

Yes.. No payout happening..you give a request...it will be cancelled automatically either you do it or talk to the team....but what other options investors like us have just to keep trying

47.1. Vikas

| Link|November 29, 2019 11:52:06 AM

Yes..no payout happening... continue trying from last 5days...

46. Mahendra Kumar Rai

| Link|November 28, 2019 10:21:16 AMReply

My payout request not being processed by Karvy. It seems some big FRAUD going at Karvy. I am not getting my money . No one lifts any phone call and no one replying mail . Very unfortunate situation.

45. Sunil

| Link|November 27, 2019 6:02:47 PMReply

I am trying for payout of three thousand and eighteen rupees and calling to Karvy but there is no response,i wrote a mail also but still they are not responding

44. Tanveer Ahmed

| Link|November 27, 2019 1:27:44 PMReply

I have requested for payout. Still I didn't receive in bank account.

43. GVN REDDY

| Link|November 23, 2019 10:22:42 AMReply

If Karvy says technical issue don't listen to anyone..To get your funds,Keep mail to SEBI...below are mail IDs...

sebi@sebi.gov.in
sebisro@sebi.gov.in
hyderabad-lo@sebi.gov.in
vijayawada-lo@sebi.gov.in

compliance.ksbl@karvy.com
service@karvy.com
igksblsb@karvy.com
rajiv@karvy.com
karvy.advisor@karvy.com
cparthasarathy@karvy.com
yugandhar@karvy.com
compsec@karvy.com
einward.ris@karvy.com

42. Raja

| Link|November 22, 2019 3:15:54 AMReply

I have been waiting for more than a week to receive my payout Amt but till now not received.. customer care also very poor daily I have tried more than 50 times but they are not respond the call properly... please payout my amount ..I don't have single paise with my hand..my id is A45074179.. please credit the amount to my bank account as soon as possible
.

41. Farzana Riyaz Patvegar

| Link|November 20, 2019 10:15:58 PMReply

I have sold my Reliance industries Ltd shares 968 nos. through Karvy stock broking Ltd lower parel. I have not received my payout in my bank account till date. My UCC is A440692. I request Karvy stock broking Ltd to deposit my payout in my bank account

40. Farzana Riyaz Patvegar

| Link|November 20, 2019 9:54:12 PMReply

I have sold my Reliance industries Ltd shares nos 968 through Karvy stock broking Ltd. I have not received my payout in my bank account till date. My UCC no. A440692. I request Karvy stock broking Ltd to deposit my payout in my bank account.

39. Sujatunnisa A. Attar

| Link|November 20, 2019 9:36:43 PMReply

I have sold my Reliance industries Ltd shares 1408 nos. through Karvy Stock broking Ltd lower Parel Mumbai. I have not received my payout in my bank account till date. My UCC no 16311433. I request Karvy Stock broking Ltd to deposit my payout in my bank account till date.

38. Sujatunnisa Abdul Rahim Attar

| Link|November 20, 2019 9:25:11 PMReply

I have sold my Reliance industries Ltd shares 1408 nos.through Karvy Stock broking Ltd lower Parel Mumbai. I have not received my payout in my bank account till date. My UCC no.16311433. I request Karvy Stock broking Ltd to deposit my payout in my bank account at the earliest

37. Sujatunnisa Abdul Rahim Attar

| Link|November 20, 2019 9:17:07 PMReply

I have sold my Reliance industries Ltd shares 1408 nos to Karvy Stock broking Ltd lower Parel Mumbai. I have not received my payout in my bank account till date. My UCC No.16311433. I request Karvy Stock broking Ltd to deposit my payout in my bank account at the earliest.

36. Sujatunnisa A. Attar

| Link|November 20, 2019 9:10:21 PMReply

I have sold Reliance industries Ltd shares 1408 nos. on 24.10.19 through Karvy Stock broking Ltd lower Parel Mumbai. Karvy has not paid my payout till today and money is not deposited in my bank account. My UCC no. 16311433. I request Karvy Stock broking Ltd to deposit my payout in my bank account at the earliest.

35. Javed Abdul Rahim Attar

| Link|November 20, 2019 4:32:00 PMReply

I have sold my Reliance industries Ltd shares 4448 Nos. on 24.10.19. through Karvy Stock broking Ltd .Lower Parel Mumbai. Karvy has not given my payout till date and has not deposited the amount in my bank account. My UCC No. 16311431. I request Karvy Stock broking Ltd to release my payout in my bank account.
Regards

Javed A Attar

34. Abha Jha

| Link|November 18, 2019 11:33:56 AMReply

I / we have made request of payout of Rs 420000/- on 08/11/2019 & Rs 65000/- on subsequent date but did not got pay out, i can not do trading also for above said fund, it is kept ideal with karvy

33. Merwyn Ajit Tirkey

| Link|November 18, 2019 8:18:04 AMReply

Had sold shares on 17th October and since then I have been writing mails and requesting for payout but it is of no use. From morning till evening their customer care number is busy , god knows whom are they dealing with. Since 17 the October I have been following karvy but they are just fooling around. Due to urgency had sold the shares but till date I have not received the money in my bank account.

32. Kalyan

| Link|November 16, 2019 8:29:35 PMReply

Unable to withdraw money from demat account. Unable to reach customer care and mail service

31. ravi prakash jaiswal

| Link|November 15, 2019 11:32:25 AMReply

everyone go to consumer Court against karvy i think it is a good idea other wise complaint to sebi or pmo office. i have also a payout request but not complete and show debited on 07/11/2019. i wait only this month other wise i complaint against karvy on consumer court..

30. Y.RANGA KUMAR

| Link|November 15, 2019 8:53:38 AMReply

Karvy is cheating the investors to repay the payout amount to the traders. customercare not attending the calls,not giving response to their financial irregularities.Today also I have claimed my amount.Why nobody is taking responsibility to save the intrest of traders.why indian investigating agencies are so silent and supine.Who will be held responsible for Karvy's cheating and fradulent activities.Why SEBI is inactive to initiate action against KARVY.