Complaint against Indiabull Securities Ltd for AMC charges – India Consumer Forum

Complaint against Indiabull Securities Ltd for AMC charges

I had opened a trading and DP a/c with Indiabull Securities Limited but the senior employees of the Company Sh. Ab and Sh. G who had opened my account by making false commitments and has taken Rs.1350/- as money for a/c opening and DP charges whereas I was told by them consistantly that there will be no charges for the account opening.

Now, it has been nearly 3 months and I have been writing the company regarding the amount of Rs. 450/- taken by me fraudulently but they are not telling me anything about the charges which are being charged against the account opening and DP / AMC in my a/c. Till date there has been no proper response on my complaint. I had even requested them to waive off this years AMC of Rs.450/- but till date there has been no reply.

Now as this matter is taking so long and no reply is coming from the company on my problems, I am forced to take the matter to the highest authority of India as this matter is regarding mis-selling done by a very big private firm and it has to be dealt promptly.

Shakti Sehgal
Vikaspuri, New Delhi 10018
IP: / June 7, 2012 / 4:21 pm

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