[Resolved]  Religare — Taken Signature on the form by fraud means ot reliable vendorDid not return Rs 5000 which were given as refundable amount

Address: Uttar Pradesh

Religare commodities dealer told us that the amount that is taken by them at the time account opening as refundable. Now when I am closing the account they are saying that the amount was reversible against brokerage that means I would have to generate enough brokerage in order to refund the amount , that means I cant close the account and have to keep using it till one year forcefully and also after a year the amount 5000 Rs would get automatically lapsed.


The Religare company is having such wrong policies as compared to other commodity vendors and they are adamant about that by giving an argument that they gave a verification call in which it was told that the amount was reversible against brokerage but did not tell us the exact meaning of that as it never happens like that in the market and by other companies.

This is a total breakage of trust that is there between customer and the company representative.

They also do not train their representatives and they give the customers wrong information in order to earn money .