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P.C.S SECURITIES LTD Complaints

Complaint against P.C.S SECURITIES LTD Broker

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

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

The P.C.S SECURITIES LTD complaint no. report also provides P.C.S SECURITIES LTD’s number of active clients. This shows the growth of the broker year on year.

P.C.S SECURITIES LTD Complaints

Exchange Financial Year Total Complaints Active Clients
BSE 2019-20 2 3,341
BSE 2012-13 1 35,560

P.C.S SECURITIES LTD complaint at NSE

No complaints found at NSE.

P.C.S SECURITIES LTD complaint at BSE

2019-202012-13
Active Clients334135560
Complaints21
Resolved through the exchange2
Non actionable0
Advised / Opted for arbitration0
Pending for redressal with exchange0
No. of arbitration filed by clients0
Decided by arbitrators in favour of the clients0
Decided by the arbitrators0
Pending for redressal with arbitrators0

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

2 Comments

2. Ranganathan Ayyandurai  Mar 20, 2020 10:04:51 PM I Like It. | Report Abuse Reply
Dear PCS,
Today I requested PCS ,T.Naga office, Chennai to release Rs 600000/Six Lakhs from my Credit balance of Rs 670000/.But only Rs550000/ was transferred to me ,which is viewed with high displeasure .The branch is highly non cooperative and made me to incur heavy loss.They not at all worried about clients loss and no guidance and not at all clients friendly.Kindly advise them properly. Regards, R.AYYANDURAI, CN294.
1. B nitin kumar  Jul 11, 2017 8:14:19 PM I Like It. | Report Abuse Reply

I''m sorry to say this, but i didn''t like the way it was handled with my account. What was promised during the account opening isn''t reflecting to the truth. My Name is B Nitin Kumar, Client ID HOSBR096. From last 2 years, I''ve been doing trading very occasionally and recently when i got ordered my ledger details. I''ve came across "Demat A/c charges" and do not know I was been charged with this amounts. I need a strong explanation of why this has happened and a refund immediately fo the same amount.
At every point for a single transaction I was charged with Demat A/c charges, I did not know that PCS collects Demat A/c charges every day/week/month. That too with huge amounts like say 2000,1000,5000 and so on.
By the way, I just invested only an amount of 40000 and when i look back today I end up with 1000 rupees in my account. I would''ve agreed with you if the above was caught out totally by booking loss on my trades. But that didn''t happen..
On top of it, when there is such amounts being debited as charges, My account was going in "negative" balance every now and then and you people started charging penatly on it. This is also adding up in eating away my hard earned money.

I do not know, what has happened that made this issue with my account. There are lots of things you need to verify with my account, but whatsoever I would require a strong explanation on this. If this was charged for a cause, I mind you, "have anybody from your end did send out an email ? And in reply did i/individual acknowledge/authorize it ?
Or Did anybody attempt to call and notify or send out an simple text message of same ? I could tell you that nothing was attempted from the above listed and how can you proceed with the charges without letting the individual/enduser know..

I''m an investor and not a trader and hardly get time to review all this...
consider below as an example on how cruel you''re. when I run through a transaction day before yesterday and it end up with loss. I promised to add the same said amount by the very next day but I do not know how they did debited stock from my account.
I could go further on this but before doing that need your inputs.[How could you sell a stock of individual by your will? and cut down the amounts at regular interval]? Besides, you can do anything by your will having my money for years and I couldn''t notice and charge Or Do you''ve anything to pay extra on that note to compensate ?

Its my humble request to work with your accounts team and determine, provide me with you valuable feedback by Monday so that I can follow-up on next course of actions.

Note: This was never told during the account opening to me that we will charge anything or everything on/our will. Now I do not have a single penny to trade ?


Now they come up in reply and say that they can only refund 75% of the amount and on top of it will charge 15% service tax on the amount which was never transacted..

Thanks & Regards,
Bonagiri Nitin Kumar