| Address: PANIGAON G.B ROAD ,, New Delhi, Delhi, 110011 | | Website: www.motilaloswal.com |
Dear sir, i would like to draw your attention regarding the constant fraud by motilal oswal financial services, with many small investors like us. Previously i logged a complaint against this broker on august 19, registration details sebie/as19/0000034/1 regarding fraud transaction in my account. The issue is found to be genuine by the nse guwahati, but because of the error that the transaction was taken on bse and i wrongfully send it to nse, matter was not solved. Due to limitations of time i dont raise the issue again, and find quite good to stay away from this fraud and worst company. So i request them to close my account. For which i sent the hardcopy of the same on september 2019, but even after a long period they didnt replied. I then again send the account closure from on december 06 2019, but the company showed negative balance, without any transaction. They deducted the charges on complaint but not closing my account. Demanding money for closure, which is totally illegal and not as per sebi rules. Whereas on account opening they charged 4000 thousand and told me to refund 2000 as gold balance, which is not been credited. Now they ask for more money. Motilal oswal financial services is always doing fraud with small investors like us. I would request everyone to stay away from the company.
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