[Resolved] Religare Trading Account (Race) — Fund withdrawal user id n106153

[Resolved] Religare Trading Account (Race) — Fund withdrawal user id n106153

B Baiju Menon from Delhi, Delhi Jul 15, 2009

Whenever I try to transfer fund from my SB account to Religare trading account, it works in 1 minute. But when I try to transfer some fund from my trading account to SB account, it does not work. They simply reject the transaction without giving a valid reason. I tried to withdraw some fund on last Friday i.e. 10-7-09 but it got rejected. Then I spoke to a customer care person (Ms. Shree), she told me to wait for 2 more days for settlement since I had done some trading on that day. But after 3-4 days without doing any trading, yesterday i.e. on 14-7-09 I again tried to withdraw the same amount, it got rejected. I again called up the customer care person (Ms. Sree), she has also no clue what is wrong. Then she has placed the order from her end & asked me to wait for 24 to 48 hours!!! Is this the way a reputed company like Religare should behave????????? I've been doing trading with Religare for 2-3 years. I could not withdraw a single penny from my trading account to my SB account. But I could always transfer fund to their account within 2 minutes. Isn't it something really ridiculous??????? Moreover, I was having some trading reward points, which also I tried to redeem recently. But when I actually tried to redeem, it was showing I cannot redeem the points since I dont have enough points in credit. This is inspite of the fact that I have got enough points to redeem. I've suffered a lot with Religare in the past while doing equity trading. Can you please look into the matter & oblige. My request to all other customer is, please do not trade with Religare Securities as it is the worst service provider in the Securities business. Was this information helpful? No (0) Yes (1)
Jan 31, 2017 Complaint marked as Resolved Verified Support Aug 17, 2010 Religare Enterprises Customer Care's response Dear Kavita, Could you please provide us the information like your trading code, email id and settlement no., so that we can look into the matter? You can email the details at [protected]@religare.in Regards, Customer Care
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Comments

kavita1974

from Nashik, Maharashtra

Jun 29, 2010

Religare — trading

I have account in religare but without any imformation they have done trading in my account within 8 days they have loss 50000/- Rs in my account so there create some debit in my account due to this loss. His name is Sharad Kapdi, he sell my previous share Rel Quantity was 45 for cover this debit.Now please tell me what to do? what action i can take against him.

my mail id is [protected]@yahoo.com
mobile [protected]

pramod.as

from Mumbai, Maharashtra

Dec 19, 2010

Religare is the worst stock broker. They do not respond to complaints.
Their dealers play with customers money in future and options without client request and losses are borne by the investors.
Religare securities do not reply to complaints neither compensate investors.

We have lost too much money due to gambling done by dealers of religare in our accounts.