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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.


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


Active Clients2064243256268272
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


Active Clients369013650339838
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


  • * 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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9. Jayshree solanki   I Like It. |Report Abuse|  Link|Aug 2, 2019 5:41:11 PMReply
Each and Every service from karvy is of 3rd class and the chepest category..... They dont want to work at all and take responsibilities only they want to be get paid for doing nothing..... Beware of karvy guys....
8. MD ameerkhan   I Like It. |Report Abuse|  Link|Jun 3, 2019 5:27:43 PMReply
Am MD ameerkhan am using dmat a/c I'd A45012501 want to close it and had send mail to service@karvy.com but no respond .close my dmat account .
7. HR Chaurasia   I Like It. |Report Abuse|  Link|May 31, 2019 11:16:51 AMReply
Very Bad customer service, don not open demat with KARVY, brokerage high and customer service is very very poor...
6. Nayna R Parmar   I Like It. |Report Abuse|  Link|Aug 20, 2016 10:53:46 AMReply
Sir my client id is A2800090 account holder''s name is Nayna R Parmar so on the date of 17th August my opening bal is Rs 27253.37 and it''s my last day to clear this amount therefore I sold my Dhanbank 1200 share @ 23 (amount 27600) so it''s clear that I already deducted my debit bal and the next day in my account Rs 245 ( something ) credit bal and then after I have done only one transaction of PMC finance 60000 @ 0.40 and sold @ 0.41 so that my M2M bal 600 on the date of 19th August and the date of 20th August I show my Account and I shoke there my Bal is debit Rs 2088.83 so I want to say it''s simple either it''s mistake or its fraud pls declare it''s soon as possible I wait for your answer pls inform me about this details and ya it''s not happened first time it''s already it''s happened 4 / 5 time pls pls help me neither I close my account and I think it''s pathetic experience from Karvy Thanks in advance
6.1. Vinay G   I Like It. |Report Abuse|  Link|May 29, 2019 4:53:06 PM
Dear nayna,

You have made a transaction on Penny Stock, there is flat brokerage for penny stock, kindly check with your broker ans ask brokerage charges for penny stocks, you will understand the thing
5. Kishore Rajaram Bhogle   I Like It. |Report Abuse|  Link|May 4, 2019 4:24:06 PMReply
Unauthorised trading in my do I'd 302470, client I'd 40108827, share of IoC and petreonet LNG missing from my account. I am a PSU employee and want early action in this regard from ur side
4. Janki P Kadu   I Like It. |Report Abuse|  Link|May 4, 2019 4:19:09 PMReply
Unauthorised trading in my account DP ID 302470, client ID 40108802, I have only 2498 iOC share balance in my account out of 9600 and Nil share of petreonet long out of 800. I have complaint somany times, no response from ur side. I am a PSU employee, if no action will be taken from ur side I will highlight this issue with media.
3. Madhu Sudan Patel   I Like It. |Report Abuse|  Link|Apr 5, 2019 5:33:59 PMReply
I am having trading account 2723600 with Varanasi branch, I am being charged DP transactions charges illegally on purchase of shares, my repeated follow up with branch and HO did not yield any results, this company is cheating with small investors
2. NARESH PRASAD DIXIT   I Like It. |Report Abuse|  Link|Feb 8, 2019 10:18:07 PMReply
i, naresh prasad dixit , have demat a/c no. 19941321 at patel nagar branch in GHAZIABAD (U.P.) . From last more than 4 months i am regularly trying to get "combined - delivery instructions by client" book but neither branch has extended any cooperation nor head office Hyderabad have done needful. Now i feel i have done mistake to open a/c with KARVY STOCK BROKING HYDERABAD. Request to send the required book immediately enabling me to transfer the share and do trading.
1. varsha   I Like It. |Report Abuse|  Link|Feb 10, 2018 3:45:04 PMReply
Hell all ur executives. Very rude they are. Careless to the core... they will ask to sign some documents and misplace and then very simply say bhool gae. Pls take action against them. They jus kno hw to harass their clients. Its now coming on your company reputation.