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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

29. Madhusmita sahoo   I Like It. |Report Abuse|  Link|November 15, 2019 5:56:45 AMReply
My client id is a45031480 and request for my payout request regularly since last one month but payout is not mady every time they cancelled the same not reply my mail ,customer care not pick up phone, what happen why you block our money who will responsible for it who will pay the interest for is ,are not you diverting our money for other purpose
28. Abishek   I Like It. |Report Abuse|  Link|November 14, 2019 10:11:24 PMReply
It's been more than 3 weeks, but yet to receive payout we requested via App, mail, phone , web... But still they reject each days. Even mails go unattended and the calls are just ignored

Not sure what they are upto.. it a big fraud in making.. we have a very big fund blocked with Karvy and require those amount on urgent basism
27. Subrat Dash   I Like It. |Report Abuse|  Link|November 14, 2019 10:09:18 PMReply
I am trying everyday for payout of Rs 57000, calling karvy offices, writing e-mails to service@karvy.com. No response from karvy.
One of the executive informed me that there are some kind of audit going on, and the delay in payout will continue, do not know how long. What is this going one. Is this another kind of fraud ?? Even after buying shares before one month, all shares are not showing in demat account, dividend is coming only for part quantity. In between Karvy is doing something wrong without knowledge of investors.
26. Y.RANGA KUMAR   I Like It. |Report Abuse|  Link|November 14, 2019 9:58:38 AMReply
My trading karvy acc was 650013.since one week I am claiming for my elegible pay out amount.But karvy failed to repay my amount.Nobody is taking any action against the karvy to save the investor.Today also I have claimed for 68,612Rs payout elegible amount.So sebi should take the responsibility to save the investor from karvy otherwise will loose faith on stock market
25. Sudhir Mishra   I Like It. |Report Abuse|  Link|November 13, 2019 11:39:56 PMReply
Client ID 1109636
Worst ever service by Karvy. Blady you have to bag your money from these basxxxx. From last 2 months I am calling them, writting them for my 2.49 lakhs payout. They just passed debit entry to my account and same is not received in my Bank account.
Local Area / Branch manager, call center are afraid and avoiding phone calls. First they are either not picking phone or even if they pick they put on hold and than disconnect.
No revert is from service id, complaint id or compliance id.
I need suggestion to deal with this fraud company.
24. Janardhan   I Like It. |Report Abuse|  Link|November 12, 2019 9:14:24 AMReply
I have process payout from my demat to bank bank one week before but still not received money in my bank account and i have raised the complain to service@karvy.com but not received any response. My i know why you not pay me my money??
23. Mahendra Kumar Rai   I Like It. |Report Abuse|  Link|November 9, 2019 7:26:46 PMReply
Payout request being cancelled by Karvy continuously and they are not crediting the account .
23.1. gaurav   I Like It. |Report Abuse|  Link|November 11, 2019 7:10:55 PM
payout nhi aa rha h karvy se.. any fraud??????? like unicon
22. vikas   I Like It. |Report Abuse|  Link|October 9, 2018 8:51:19 AMReply
They are very rude to customer and never give a right feedback am waiting for my payout last 5 days and still they told to wait.
other companies are giving payout very next day.....................no positive response of complaint
22.1. Aparna   I Like It. |Report Abuse|  Link|May 9, 2019 7:33:39 AM
Yes they are very rude. My payout transaction (on 2nd May) is yet not transfer to my bank account, i am waiting for last 7 days. No proper response from karvy. Very disappointing service.
21. Dump Madhusudhan Rao   I Like It. |Report Abuse|  Link|November 9, 2019 5:05:07 AMReply
I am doing PayOut for last 10 days but it not got success . If i am calling customer care they also not telling proper reason and not helping me from last 10 days. I am calling so many people of karvay .It's emergency because of that I was sold out my shares why people are doing like that i am not understanding. Is there any fraud is going on karvay or what

Even Relationship manager also not picking my call. I am sure there is fraud is going karvay.
20. Anup Durugkar   I Like It. |Report Abuse|  Link|November 8, 2019 6:57:16 PMReply
F6120002
Ethics welth nagpur, francise of Karvey share trading is like a dalal type of company, their employees are doing trading without your permission.. Karvey employees (sunil jenekar) also involve in that matter. After few days you reaceived a document of closing the complaint, karvey employee also involve for iligle activity.
19. Y.RANGA KUMAR   I Like It. |Report Abuse|  Link|November 8, 2019 9:02:27 AMReply
My acc no 650013.Since four days I am claiming my elegible payout amount but karvy did not depositing amount in my bank account.Eventhough I am maintaining balance my trading acc they not allowing me to trade.Everyday they are showing trading limit not allowing to trade even single price excess than the amount shown in my acc.Finally I request karvy sanction me pay out clain in my acc without fail
18. FATHIMA   I Like It. |Report Abuse|  Link|November 6, 2019 4:41:02 PMReply
more than one week am iniating PAYOUT REQUEST threw app debit the account and same reverse next day.it means they block the fund but not processing, even am senting 100 mails no response..you know one thing last week sold share less profit margin bcz of sister marraige unfortunatly every day they are making delay i dont know wat to do .....
17. Raj Kumar Wadhwa   I Like It. |Report Abuse|  Link|November 5, 2019 10:48:58 AMReply
Despite pay out on 23.10.2019, 25.10.2019 and 05.11.2019 payment is not received by me despite various e mails and telephonic conversations. I am badly in need of money for medical treatment.
16. Middela ramesh   I Like It. |Report Abuse|  Link|November 3, 2019 2:13:55 PMReply
Iam Middela Ramesh bearing an account id:A230006370.I have sold my shares worth of Rs 25540 on 23/10/2019.I have requested payout for the same amount but my request is rejected not just once but thrice.whenever I called to customer care they will transfer my call to person who doesn't have any knowledge on payout.before rejection you must have said reason for rejection and when exactly money will be credited.but in my case non of them had happened.please take this as priority and do needful ASAP.

15. Col Anil Mathur   I Like It. |Report Abuse|  Link|October 25, 2019 12:44:18 PMReply
We have sold our shares on 26/9/2019 and have requested for a payout but the same has not been received in the bank even after a month. Repeated calls and reminders on a daily basis has only made them give lame excuses that they've given instructions for payout. We are unable to get our money in our account and want to know whom to approach for the needful.
14. Surender   I Like It. |Report Abuse|  Link|October 23, 2019 10:09:30 AMReply
This brokerage firm is a big fraud. They do all they can to hold back customers payout. I have a NRI Demat account with them and they are holding back quite a bit of my money in the name of TDS. It's as simple as deduct the TDS and pay the rest. However they just sit on it for ever to delay the payment as much as possible so that they can make money out of it. There is one Ms. Chama Agarwal Manager-NRI Business, who is such a pain to deal with, doesn't understand how their system works and is worst possible customer service manager you could ever think of . She has a habit of covering up things.When she messes up she just keeps quit and does,'t have the basic courtesy to acknowledge her mistake. I am following up on my payout email with her for close to 3 weeks. I sent her several emails but she hasn't responded back to me since 10/10/2019. I expect SEBI to take severe action against this brokerage firm, which seems to be famous for holding back customers funds.
13. J.c.pathak   I Like It. |Report Abuse|  Link|October 19, 2019 11:14:53 AMReply
I sold my shares on 11th oct but karvy doesnt pay out it in my saving acount
12. Reena chauhan   I Like It. |Report Abuse|  Link|October 4, 2019 2:21:28 PMReply
i transfered amt in karvy a/c on 3/10/2019,24hrs past it dosent reflected in my a/c ,poor service of karvy,i m a banker and enquired about my amt ,one of my friend is in the same bank at which i transfered the amt confirmed that the amt is received in the a/c bt from their side no response,want to close my a/c.now i want my amt with intrest.
11. Nirmal   I Like It. |Report Abuse|  Link|October 3, 2019 8:54:23 AMReply
Karvy is not making Payouts, without any reason every morning they debit the amount to payout and next morning the amount shows again in demat account....such a fraud company never ever go for Demat account with it...i am looking forward to fir against in local police station...
10. Raghavendra   I Like It. |Report Abuse|  Link|September 27, 2019 9:18:29 AMReply
i have requested for a payout on 10th September and and it has been shown as credited on 11th September .. i received the money on 17th September.. if there is a delay payment from our side karvy will be charging penalty of 21% ..
and one more i had requested again for a payout on 26th September they have cancelled the request without informing ..
but the message displayed in karvy website is totally wrong the do a payout after 6-7 days
"In case a client makes online request for fund payout before 1.00PM, the request will be processed on the same business day.
If the fund payout request is placed after 1.00PM, it would be processed on the subsequent business day."