sir,
i am with sharekhan since 2000. I never had any bitter experience like trading on clients money or so. Initially their service to customers was excellent and oflate, it is not as it was; may be due to increased clientele. Regarding transparency, i had never come across any hidden chargeswith sharekhan eventhough i had experience with some brokers with regard to hidden charges. Every thing is in black and whitewith sharekhan. But only draw back with them is their s/w for trading platform is comparaively poor and brokerage is higher. There is minimum brokerage per trade too. But for these, they are the best; as per my personal observation.
I ALSO NOTICED THAT WHENEVER MONEY IS WITHDRAWN FROM SHAREKHAM BY 1000 HRS., IT IS CREDITED IN MY SB A/C. BY 14000 THE SAME DAY; I.E. WITHIN BANKING HRS. VENTURA TAKES 2 FULL DAYS, EVENTHOUGH THEY GIVE JUST 30 MINUTES NOTICE IN CASE OF DEBIT TO BE CLEARED OFF AND TILL SUCH TIME THE DEBIT IS NOT CLEARED, THEY DO NOT ALLOW TO SELL THE SHARES. RECENTLY, MY A/C. HAD DEBIT BALANCE OF 7914/-. I HOLD 8 LAKHS WORTH SHARES WITH THEM. BUT THEY DID NOT ALLOW TO SELL ANY OF MY SHARES, EVEN WHEN THE PRICE WAS UP THUS ENFORCING ME LOOSE. IS IT NOT STRANGE?. I HAD NEVER KNOWN ANY THING LIKE THAT WITH ANY OTHER BROKERS. EVEN INDIA BULLS REMITS CLIENT'S MONEY ONLY AFTER 2 FULL DAY AND AFTER BANKING HOURS. IF I AM WRONG, MEMBERS ARE WELCOME TO CORRECT ME.