It is very sad to express at here that Religare has no ethics & responsible behaviour towards their customer only concerned with high brokerage charges. Last month, on CRN window, I checked message for RUNNING AUTHENTICATION and submitted same with quaterly checked options. That time, I spoke to religare customer care and they repeated the rehearsed script about SEBI guidlines for RUNNING AUTHENTICATION, as per amount is DMAT A/c. will transfer to related bank account on checked time period. Today, when I was doing derivatives trading, message flash out that " YOU ARE NOT PERMITTED FOR FONSE TRADING" and on asking customer care they are demanding another authorisation letter, also mentioning here telecon. ref. # REL3608442 with some Mr. Anil on the other end. When I contacted Religare Branch, Rajouri Garden(RACE, no positive answer and demand for 6 months ITR copy or bank statement. What a ambiguity level in Religare which always talked much about their services. Your organisation is taking hefty brokerage charges then rest of world and on service level towards its customers, almost at lowest level.
If Religare can't treat its customer well then why they come for account openning or sending their executives with lot of self praise speech. Customer can opt for other better options why they waste their money to such an irresponsible organisation.
Pls. do immediate measure on above and send your concerned person so that I can close my account with Religare and save my precious time and money.
Thanx & regards,
Sam
Cust. # N162587
I support this complaint.
I support this complaint.
aap ne sirf complain kiya hai ...........lekin thode din me religare ko ahesas ho jayega ki customer ke sath chit karne se kya ho sakta hai........india ke sab media aur sebi aur financial crime ke sab support se sab chiz bahar lana hai......jin ka anubhav sahi nahi hai wo turtant hume contact kare.....bhavesh rajyaguru
An email communication has been sent to Religare Securities on July 22, 2010, 7:44 pm
Dear Sir/Madam
We are from “Law Masters Consulting Pvt. Ltd.â€, A company which is managed and run by professionals those has vast and rich knowledge as well as experience relating to “Capital Marketâ€.
We deal in Capital Market Legal and compliance matters and advice our clients on various disputes emanate in Capital Market due to misconducts. We have nationwide network and work in different constituencies to serve our clients throughout India.
We have gone through your matter which has been posted by you at different forum. It is fact that 7 out of 10 clients are being cheated by some miscreant in the market and client due to lack of knowledge never take up his matter diligently through appropriate channel. Client suffer losses due to various misconducts in the market, that includes
1. Unauthorized Trading in client account.
2. Trading just to earn excessive commission and brokerage.
3. Trading in any particulars segments of capital market, in which the client has not sign the agreement.
4. Guarantee against the losses and assured return
5. Breach of Code of Conduct and good business practices which is ordered by Stock-Exchanges.
6. Any others types of discrepancies by the brokers or sub –brokers.
7. Miss appropriations of shares and other securities
You may contact us for free counseling and discuss your matter with our expert on the panel.
Thanking You.
With Regards
Team Law Masters
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