Hi,
I have an savings account with SBI bank. And when i decided I wanted to invest in shares, I approached my SBI branch to open a demat + trading account.
I was told by the bank personal that I will be able to open one in two weeks time. And I did all the paper work. However, It took over a month for me to get my SBICapsec password and login id.
Now here are my woes.
1. I have not been able to log into the sbicapsec even one time. Each time I put my username, login password and trading password, the website gives a database error.
2. The login form is not secure (http://) instead of (https://). But the irony is that the page specifically says you need to check if there is a padlock in your web browser status bar indicating that the page is secure.
3. They charge a yearly fees of Rs 900. ie. Rs 400 yearly maintenance charge and Rs 500 one time opening charge.
4. The people who I approached at bank could not help me out of my woes. Even my demat account has not yet been mapped to my bank account. I am seriously thinking of closing my demat account even though I will lose the Rs 900.
I feel cheated.
I would like to know opinion about India Infoline and/or Geojit. Are they reliable and can I use either one for long term investments ?
Geojit tells me they have stopped allowing customers to trade in mutual funds. But if I invest Rs 10,000 they will waive the maintenance and opening charge for first year. India infoline tells me they have a facility where I pay one time only Rs 555 upfront and i will not be charged yearly maintenance charge.
Which is better bet for delivery trade ? Geojit or India Infoline ? Whose software is more user friendly ?
I will be great full for your valuable opinion regarding the same.
I have an savings account with SBI bank. And when i decided I wanted to invest in shares, I approached my SBI branch to open a demat + trading account.
I was told by the bank personal that I will be able to open one in two weeks time. And I did all the paper work. However, It took over a month for me to get my SBICapsec password and login id.
Now here are my woes.
1. I have not been able to log into the sbicapsec even one time. Each time I put my username, login password and trading password, the website gives a database error.
2. The login form is not secure (http://) instead of (https://). But the irony is that the page specifically says you need to check if there is a padlock in your web browser status bar indicating that the page is secure.
3. They charge a yearly fees of Rs 900. ie. Rs 400 yearly maintenance charge and Rs 500 one time opening charge.
4. The people who I approached at bank could not help me out of my woes. Even my demat account has not yet been mapped to my bank account. I am seriously thinking of closing my demat account even though I will lose the Rs 900.
I feel cheated.
I would like to know opinion about India Infoline and/or Geojit. Are they reliable and can I use either one for long term investments ?
Geojit tells me they have stopped allowing customers to trade in mutual funds. But if I invest Rs 10,000 they will waive the maintenance and opening charge for first year. India infoline tells me they have a facility where I pay one time only Rs 555 upfront and i will not be charged yearly maintenance charge.
Which is better bet for delivery trade ? Geojit or India Infoline ? Whose software is more user friendly ?
I will be great full for your valuable opinion regarding the same.