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Sharekhan Consumer Complaints

Sharekhan Detail

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... Know more about Sharekhan

Complaint against Sharekhan Broker

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Sharekhan brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Sharekhan customers. The Sharekhan consumer 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 Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ?
BSE 2019-20 47,568 3
NSE 2019-20 504,796 34
BSE 2018-19 92,506 12
NSE 2018-19 517,252 125
BSE 2017-18 209,178 36
NSE 2017-18 535,003 154
BSE 2016-17 149,829 17
NSE 2016-17 366,468 104
BSE 2015-16 131,690 29
NSE 2015-16 335,843 159
BSE 2014-15 82,092 34
NSE 2014-15 342,592 141
BSE 2013-14 1,182,390 43
NSE 2013-14 274,777 142
BSE 2012-13 1,129,261 42
NSE 2012-13 1,125,128 126
BSE 2011-12 1,044,117 86
NSE 2011-12 1,033,963 173

Sharekhan complaint at NSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year
No. of active clients504796517252535003
No. of complaints received *34125154
Resolved through the exchange25117152
Non actionable **100
Advised / Opted for arbitration002
Pending for redressal with exchange880
No. of arbitration filed by clients569
Decided by arbitrators in favour of the clients045
Decided by the arbitrators002
Pending for redressal with arbitrators524
% of No. of complaints as against No. of active clients00.020.02
% of complaints resolved as against complaints received76.4793.6100

Sharekhan complaint at BSE

2019-202018-192017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year210168018637551573202
No. of active clients4756892506209178
No. of complaints received *31236
Resolved through the exchange31236
Non actionable **000
Advised / Opted for arbitration215
Pending for redressal with exchange001
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000
% of No. of complaints as against No. of active clients0.010.010.02
% of complaints resolved as against complaints received100100100

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

Bharat
5. Bharat  Jul 8, 2019 10:58 Reply
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.
Sree
4. Sree  May 17, 2019 18:08 Reply
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.
NAMIREDDY shashivardhan
3. NAMIREDDY shashivardhan  Apr 25, 2019 12:08 Reply
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....


digvijay patil
2. digvijay patil  Jun 3, 2017 22:52 Reply
Intraday & Dilivery brokarage is high. Exchange transaction charge is high.
m sujatha
2.1. m sujatha  Nov 28, 2017 12:11
Delay payment charges are very high and selling the deliveries their own.

regards
digvijay patil
1. digvijay patil  Jun 3, 2017 22:50 Reply
Dilivery brokarage is high. Exchange transaction charge is high.

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