5paisa.com SHAME - Processing charges for Account Closure - PLEASE VOTE!

[bangerabs]

I do not think SEBI would remain concerned. So far as India Infoline is concerned, I read above that they are spoiling their reputations. What sort of reputation it is?. Just today only, I requested them to mail form for closing the a/c. , eventhough I opened a/c. recently and traded only 2 or 3 occasions. I requested them to transfer my DP Balance, but they rejected citing inadequate balance in ledger. This is inspite of me paying 661/- in advance towards annual DP charges, and not using even a single paise out of it. I repeatedly pointed out this to them but all my efforts fell on deaf ears. Subsequently, I sold some shares at loss. Still there is one share in DP for which I submitted DIS on 5th Oct. 09. So far, action has not taken eventhough now there is sufficient balance in ledger. Is it a good broking house? Is is reputed or disreputed? Is it goonda broking house or loot broking house. ? Who cares? When they did not transfer my shares, I hv complained to NSDL. But I did not get even acknowledgement. But this time, if they create any problem, I shall take necessary action against them.

My suggestion, it is worth to forgo 250/- and close the account as many other brokers are too good with better software and brokerage schemes.

Second time, I joined them simply beleiving that time factor might have changed them. No. I am wrong.

 

[Raju]

I agree they should not charge for processing of a closure of a acct.

 

[learningtotrade]

Sir nice forum

 

[naveenatr]

i too got the mail like that best i am saying better not to close the account just take all ur money from them and start with some other new broker guy ya..indiainfoline is big cheater

 

[bangerabs]

Friend, one can not withdraw the entire money from India Info. They hold back 1K . Is this justified?. When we owe some money, they charge interest on it. Do they keep paying interest on our balance withheld in the ledger. I wish, all members get educated about 5paisa worth broker.

 

[sam_u6]

not only that my friend..if u want the 1k money u have to close the account,
account will not be closed imideatly it will take a more than a month,
and u will get that 1 k after 3 months,,some people even dont get those money,,,simply advertising we are the best ,,we are the best,,whats the point

 

[biyasc]

Friend, one can not withdraw the entire money from India Info. They hold back 1K . Is this justified?. When we owe some money, they charge interest on it. Do they keep paying interest on our balance withheld in the ledger. I wish, all members get educated about 5paisa worth broker.

but one of thier representive told me yesterday, that this is a zero balance a/c & i can withdraw all of the money anytime i wish. now i am confused.

 

[bangerabs]

IndiaInfo advt. is simply the other way of fooling the gullibles. I am one of them.

 

[Sanjay123]

What's the brokerage on intraday, delivery, futures and options that you are getting in terms of RUPEES per 1 lakh of trade / Rupees per contract?

 

[Sanjay123]

I came to know that canmoney.in is charging deep lowest brokerage on F n O trade, and they are charging just Rs.10 per trade! Is 5Paisa offering anywhere near to that to its clients?