Zerodha's support has gone from bad to worse. Tickets are just auto-responded with no time line for a resolution. Most of the times multiple follow-ups are needed to get a simple thing done. At times resolution is provided and then they pretend as if the problem did not exist at all. The issues that were unsatisfactorily handled by zerodha include: - Lack of transparency and delay/denial in payout of Opentrade, referral and 60 day challenge; - Rejection of withdrawal request despite adequate free balance unless follow-up made (their response they don't know how rejection message was sent); - Problems in contract notes (in early days); their response that they did not send the erroneous contract note; - Zerodha's initial policy on compulsory early square-off in FNO contracts of stocks that SEBI mandated to be physically settled (high handedness and an action just opposite to what the regulator dictated); - Arbitrary restrictions of NSE launched option strikes and contract maturities that can be traded; - Delay in crediting the trading account with proceeds of MF redemption and misrepresentation that proceeds were received from AMC after the trading hours; when issue was raised to BSE they came back offering apology with a request to withdraw the complaint.
The above list is not exhaustive but only an indication that everything is not as rosy as is being projected.
The issues that were unsatisfactorily handled by zerodha include:
- Lack of transparency and delay/denial in payout of Opentrade, referral and 60 day challenge;
- Rejection of withdrawal request despite adequate free balance unless follow-up made (their response they don't know how rejection message was sent);
- Problems in contract notes (in early days); their response that they did not send the erroneous contract note;
- Zerodha's initial policy on compulsory early square-off in FNO contracts of stocks that SEBI mandated to be physically settled (high handedness and an action just opposite to what the regulator dictated);
- Arbitrary restrictions of NSE launched option strikes and contract maturities that can be traded;
- Delay in crediting the trading account with proceeds of MF redemption and misrepresentation that proceeds were received from AMC after the trading hours; when issue was raised to BSE they came back offering apology with a request to withdraw the complaint.
The above list is not exhaustive but only an indication that everything is not as rosy as is being projected.