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KAYNET FINANCE LTD Complaints

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Complaint against KAYNET FINANCE LTD Broker

KAYNET FINANCE LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the KAYNET FINANCE LTD customers. The KAYNET FINANCE LTD complaints report analyzes the KAYNET FINANCE LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against KAYNET FINANCE LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The KAYNET FINANCE LTD complaint no. report also provides KAYNET FINANCE LTD’s number of active clients. This shows the growth of the broker year on year.

KAYNET FINANCE LTD Complaints

Exchange	Financial Year	Total Complaints	Active Clients
NSE	2020-21	1	305
NSE	2019-20	92	1,355
NSE	2018-19	11	2,969
NSE	2017-18	38	3,387
NSE	2016-17	15	3,031
NSE	2015-16	13	2,908
NSE	2014-15	15	2,692
NSE	2013-14	19	2,511
NSE	2012-13	8	9,530
NSE	2011-12	19	5,676

KAYNET FINANCE LTD complaint at NSE

	2020-21	2019-20	2018-19
Active Clients	305	1355	2969
Complaints	1	92	11
Resolved through the exchange	0	6	9
Non actionable	1	86	0
Advised / Opted for arbitration	0	0	1
Pending for redressal with exchange	0	0	1
No. of arbitration filed by clients		1	5
Decided by arbitrators in favour of the clients		1	4
Decided by the arbitrators		0	2
Pending for redressal with arbitrators		0	1

KAYNET FINANCE LTD complaint at BSE

No complaints found at BSE.

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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5 Comments

5. Sanjeev verma

| Link|March 31, 2020 2:58:43 PMReply

I had my Demat account in Delhi from last many years but i came to know that my all the holdings are not there in my account. My account is transferred to Anand rathi share brokers from where it is disclosed. I had app.10 lakh rupees value of shares . Now I don't know what to do to get my holdings back. So help me.

4. vijay

| Link|October 23, 2019 7:20:21 PMReply

Delhi office closed without intimation, nobody attending call even though in pune also. No reply on helpline

3. Arpit Jain

| Link|September 11, 2019 6:20:28 PMReply

I was opened D- Mat account at Kaynet finance and broker ltd. JAIPUR branch. which has been closed without intimation. I am trying to contact with Kaynet team but not getting to connect anyway, all given numbers are showing wrong and also not replied from helpdesk mail, i have account in Kaynet and also have shares in D-mat account, i am very afraid to lost money as may be closed all business by Kaynet Please contact with me asap

3.1. Rounaq

| Link|October 18, 2019 1:25:24 PM

I am also facing the same issue. Please share your number

2. Tanvi Pareek

| Link|September 2, 2019 2:09:12 PMReply

Tanvi PareekI
I was opened D- Mat account at Kaynet finance and broker ltd. JAIPUR branch. At that time i requested that the change E Mail ID should be change and the completely filled request form taken by executive, also jaipur branch closed without intimation, Now we suffer to closed my D- Mat account , company also square up my stock without intimate the process of payment the AMC. Kindly provide me my D Mat closer form (complete set i.e. Trading and D Mat account closer form). I have mentioned the change e mail id as under.

1. Akash

| Link|May 23, 2016 7:48:04 PMReply

I am investor named Akash Jain (Id: 104A16), had opened a demat account 01 month ago in Kaynet Finance Limited through its Relationship manager named Kushang Mohan,

He asked me to deposit Rs.10,000/- for margin money and started to trade in currency.
But i asked him not to buy more lots/quantities as i am very small investor and could not invest for than this.
Despite of that he asked to for more margin and after i deposited total Rs.65,000/- in demat account only because of Kushang Mohan, as he told me otherwise i may suffer loss.
After fews days i again asked him to transfer whole amount in my account. But he did not do this and again bought 30 lots of GBP currency. He did not made "Order Call" before buy and in the evening when i came to know that he has bought so many units and i asked why are you doing this. As market was going down, he again bought 60 lots.
after that collapsed and he make my loss of Rs.70,000/- approx.In the starting i did not give trade confirmation on automatic call then he told me to accept it otherwise you may incur loss. Therefore i used to confirm the automatic call for trade confirmation and he took the benefit of it and cheated with me.

I also tried to register my grievances to Kaynet Finance Limited helpdesk and still they are not helping me.
As relation ship manager cheated me and made so many transaction without informing me and against my wishes which results loss to me.

You may also review the trail mail to see all my mails to helpdesk of Kaynet and their reply.

Request you to register my grievance and help me in getting my money back as i am very small investor and unable to bear this loss.

Thanks & Regards
Akash Jain
Cell:9811206557