Axis Bank 3-in-1 account

Hai frunds dont even think of axis bank 3-in-1 account its the worst and worst broker in the market they just cheat u away and just dont take it blindly seeing the name axis.

I firstly heard abt it through tarderji site and met in office in hyderabad rangunj office the coustmer care was were good at response and they were very polite lokin at that i was in ditch and opened a/c in it intially they said the a/c will be opened in 7 working days but it took 38 days to me to open an a/c and after geting activation mail on 39th working day i was not able to use as my funds were not tranfered i reached bank and icici direct securities office to tranfer funds it took 5 days as the cheque was passed and the bank didnt get any instructions frm bombay head office to tranfer my amount and after 5 days i just camed to know i was cheated by axisdirect while opening an a/c the branch people will tell us brokerage is calculated on total turnover but in reall the brokerage is calculated per transction example my first transaction was like this i kept order of vijaya bank at 73.80rs for 100 shares but shares executed firtly 8 later 92 that to in fraction of seconds they charged minimum brokerage for one transaction i.e for 8 shares 20rs and 92shares 20 rs total brokerage 40rs and sevice tax 4.86 and some other charges and total brokerage was 58.65 paisa for for cost of 7380 and i buyed vimata labs on same day second transaction i kep order at 23.50 againa i got 3 shares and 97 executed on that the have charged for 3 shares 20 rs minimum brookerage and 97 shares 20 rs and total brokerga of 52.20 inculding service tax and some other taxes for 2300 valued shares .

my total turnover for the day was 9680 and brokerage charges where 110.85 the branch in hyderbad said me the brokerage will be calcualted on total turnover and brokerage plan was 0.05 for intraday and 0.50 delivery seeing my brokerage i was shocked and called customer care executive they said me brokergae is calulated on transactions based not turnover based.

So if i keep and order for 100 if its execute 10x10 then my brokerage will be 2000 irrespective price of script or total turnover and when i meet the branch manager in hyderabad the manager still says the same brokerage is calulated on turnover when i shown my contract note he just change his words and say brokerage will be calculated on number of tansaction executed. Im just cheated by this people and next day when i sold vija bank for 75.75 i made loss of 55rs due to very very very very high brokerage charges and again the order executed in 49 and 51 shares when i kept order for 100 even tho i sold 2rs high price i lost my money .

And axis really cheated my giving falls promises saying a/c will be opened in 7 days and took 38 days and promising me brokerage will be calcuted on turnover and calculating on order executed if u keep 100 share order not total if 1 share is executed u should pay 20 rs minimum brokerage and for other 99 shares they will cahrge u brokerage either minimum brokerage which ever is higher and to the great service if i want to close my a/c i have to pay 100rs and my bank a/c will also will be canceled and i paid 1200 for 3in1 a/c.

Frunds dont get under trap of axisdirect jusy by seeing the name axis i bet any other broker will give u 100% better service then axis i opened another a/c with local broker and happy with his service a/c was opened in 4 days and brokerage is calculated on turnover i just dont want to mention the name of broker as i dont want to become and mkg source to them and any users her may think i may be the employee of that broker thank u frunds dont get in to trap of axis direct and dont get losses frm ur profit paying very high brokerage

Guys don't ever go for Axis Bank , When opening the Bank account the said maximum Brokage is 0.05% but actually the are charging 0.08% .Yesterday my friend traded for 500816.00 the charge 400 brokerage which is 0.08%

Charges :

Brokerage : 400
service tax :41.20
edu chess 1.20
stamp duty :25.17
STT :63
TRANSECTION CHARGES :17.87
TURN OVER CHARGES : 0.51

TOTAL : 549

uday 9885 is right , they charge per execution. Below I am attraction the proof





Hope they change the Policies and Brokerage