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Sharekhan Complaints

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Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa...

Complaint against Sharekhan Broker

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

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

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

Sharekhan Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2022-23	4	85,707
NSE	2022-23	125	761,841
BSE	2021-22	24	154,645
NSE	2021-22	292	764,250
BSE	2020-21	6	120,855
NSE	2020-21	405	679,333
BSE	2019-20	11	120,469
NSE	2019-20	187	549,778
BSE	2018-19	12	92,506
NSE	2018-19	125	517,252
BSE	2017-18	36	209,178
NSE	2017-18	154	535,003
BSE	2016-17	17	149,829
NSE	2016-17	104	366,468
BSE	2015-16	29	131,690
NSE	2015-16	159	335,843
BSE	2014-15	34	82,092
NSE	2014-15	141	342,592
BSE	2013-14	43	1,182,390
NSE	2013-14	142	274,777
BSE	2012-13	42	1,129,261
NSE	2012-13	126	1,125,128
BSE	2011-12	86	1,044,117
NSE	2011-12	173	1,033,963

Sharekhan complaint at NSE

	2022-23	2021-22	2020-21
Active Clients	761841	764250	679333
Complaints	125	292	405
Resolved through the exchange	105	217	334
Non actionable	11	60	60
Advised / Opted for arbitration	0	3	0
Pending for redressal with exchange	9	12	11
No. of arbitration filed by clients	5	8	5
Decided by arbitrators in favour of the clients	4	6	3
Decided by the arbitrators	0	1	2
Pending for redressal with arbitrators	1	2	2

Sharekhan complaint at BSE

	2022-23	2021-22	2020-21
Active Clients	85707	154645	120855
Complaints	4	24	6
Resolved through the exchange	4	24	3
Non actionable	1	3	0
Advised / Opted for arbitration	0	0	1
Pending for redressal with exchange	0	0	3
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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10 Comments

10. chetan shah

| Link|Jul 29, 2021 1:55:30 PMReply

Many times I received call from other company (new comer) for marketing purpose and telling me that you are holding demat account in sharekhan. They also offer less brokerage / promise for good service than sharekhan etc... I understand it is part of marketing. My question is How they come to know that I am holding demat account in sharekhan. From where they get this information, is sharekhan provide the detail ? I have also complaint in sharekhan customer care, but not received any reply.

10.1. Vihesh

| Link|Dec 24, 2021 3:35:01 PM

Mr Devangg Kamdar Sharekhan Mumbai is a fraud and criminal. He is threatening HNI clients to join his own sub Broking company.

9. Hardik

| Link|Nov 22, 2021 5:39:23 PMReply

Bakvaas app he koy answer de nhi raha subh se ignore kro sharekhan ko koy mat kro dement account open fasoge sab fasana inka kam he

8. Pratik

| Link|Mar 5, 2021 12:49:53 PMReply

My account in share khan i m pelage the request for bank details change its almost 20 days complete but still not doing . call center waiting call time 45 minutes . Bhayandar branch staff not supporting for query solve. Share khan is very lazy company , its working like 1960 / 1970 government bank style.

7. Bharat

| Link|Jul 8, 2019 11:58:53 AMReply

I'm sharekhan customer since last 14 years and recently because of my job reason i had to close demat. Since 2 months I'm struggling to close my account but they are still taking their sweet time to close it. The franchise owner at ambernath east is useless and just wasted my time every time i visit his office. He gave wrong commitments that my account closure request is in process but he kept my closure request with him and never submitted to head office. Now, I want to take action against them. Pls help.

7.1. Krishnamyl

| Link|Dec 15, 2020 1:48:54 PM

Same issue here. I had to close the account with Sharekhan as per my company policies. It had been more than 4 months but the account is not closed yet.

Even after 100s of mails and number of calls, there is no clarity on the process.

Every time they come up with new reason.

First said that.. Dis is mandatory, then ONLY CML with account closure form can do the need ful, then saying the first thing DIS is mandatory.

6. Sree

| Link|May 17, 2019 7:08:12 PMReply

Never go for sharekhan. Their charges are too high. And lot of restrictions for trding. Mob app is not so good. If you are a LT investor ok. If u want trade open acct with discout broker.

6.1. NAND KISHORE

| Link|Oct 28, 2019 10:37:19 AM

Never open a/c in SHAREKHAN HE IS REDUCE YOUR MONEY. EVERYDAY IS SOFTWARE STEALING YOUR MONEY NOBODY CAN EARN THROUGH SHAREKHAN

6.2. Johney

| Link|Nov 5, 2019 3:56:42 AM

SHAREKHAN is a chor coy they are big thug. Do not deal with them

Sharekhan will make your credit to zero by debit ting your ac.

5. NAND KISHORE

| Link|Oct 28, 2019 10:41:48 AMReply

If you want to 100000 rupees change into 000If you want to 100000 rupees change into 000 go with SHAREKHAN.. never go with SHAREKHAN..

4. PRADIP KHANDU PATIL

| Link|Oct 10, 2019 4:16:02 PMReply

No Proper Response..

3. NAMIREDDY shashivardhan

| Link|Apr 25, 2019 1:08:40 PMReply

My Id is 2223733...I got profit of 11k+ on 28 th Mar 19...they did not credit me anything...upon asking ambala branch..they are saying that I have traded 45 lots of BNf ...which was amounting to 52 200/-.despite my repeated talks their version of answering is completely baseless...I was not even having 52K in my dp account...now they are saying that we have given you that limit...which I did not asked for& they did not ever before....when they struck in their ownwords they say aapne aisa kiya hoga ,koi our aap ka account se trade kiya hoga...tell me who else can trade with my money other than share Khan....I asked for my trading details ,which were not even provided to me ,they say we will mail you....

2. digvijay patil

| Link|Jun 3, 2017 11:52:36 PMReply

Intraday & Dilivery brokarage is high. Exchange transaction charge is high.

2.1. m sujatha

| Link|Nov 28, 2017 1:11:32 PM

Delay payment charges are very high and selling the deliveries their own.

regards

1. digvijay patil

| Link|Jun 3, 2017 11:50:30 PMReply

Dilivery brokarage is high. Exchange transaction charge is high.