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fraud and poor service by sbicapsec

This is a discussion on fraud and poor service by sbicapsec within the Mutual Fund forums, part of the Investment category; ----- Forwarded Message ---- From: Ravindra Joshi <ravijoshi12@yahoo.com> To: "alerts@sbicapsec.com" <alerts@sbicapsec.com> Sent: Sat, September 11, 2010 10:48:26 AM Subject: ESI72225 ...

  1. #16
    Unregistered Guest

    Default From esi72225

    ----- Forwarded Message ----
    From: Ravindra Joshi <ravijoshi12@yahoo.com>
    To: "alerts@sbicapsec.com" <alerts@sbicapsec.com>
    Sent: Sat, September 11, 2010 10:48:26 AM
    Subject: ESI72225 RAVINDRA KUMAR JOSHI SBI STAFF FOR UNLOCKING/PROVIDING NEW PASSWORD

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

  2. #17
    Unregistered Guest

    Default

    On Sep 17. That is today.

    I sold and bought some shares.
    End of the day the contract statement said
    BALANCE AMOUNT DUE TO ME : 2,216.94


    At the same time I had lien amount of 5,245.79.
    This has also been debited from my account towards SBICAPSEC.

    Why was this debited from my account?

    So now I need to get back the 5,245Rs + 2,216.94 which was due to me.

    Will this get sorted out itself or do I need to follow up with the customer support? How should I handle this?

  3. #18
    Unregistered Guest

    Default Breach of trust

    Dear Sir/Madam,
    It is nothing less than a fraud. SBICAPSEC had promised me a free trading(ESI89264) and demat a/c, but to my utter surprise, I HAVE FOUND THAT THEY HAVE DEBITED not only once, but twice Rs.400*2=Rs.800, ON 04/11/09(BO ID 01162482 And T) Rs. 400 AND AGAIN ON 18/11/09 (SAME BO ID 01162482 And T)Rs.400. I repeatedly tried to contact their office but they have not responded.Instead they have again debited Rs. 386 on 23/08/10 as CDSDemat bill 0116248. Now, I want them to return me those amounts totalling Rs. 1186.00 immediately into my tagged sevings bank a/c . Be it mentioned here that I have never done a single transaction through this a/c and hence no question of debiting any charge arises.As they have not responded to my repeated approach , I am compelled to move to your highness (consumer court) to get justice done and also to expose the breach of trust executed by such a reputed concern.
    Hope you will do the needful at your earliest convenience.
    My sincere Regards to you,
    Dipankar Roy(diproy05@yahoo.com)
    Mobile 9432647744

  4. #19
    Unregistered Guest

    Thumbs down Poor service of rich bank

    Quote Originally Posted by Unregistered View Post
    Did your account got reactivated? I am also having the same issue. they rejected my application without reason. The agent told that it will be resubmitted and activated. but till now no sign of activation.
    It was offered a free account by Prithvi Raj Road, Jaipur branch office, but they did not returned Rs. 400.00 in saving account till date. Its very shamefull to disclose that i have an account with SBI Cap sec. ONE SMART PERSON SHOULD NOT BE THINK ABOUT SBI.

    VIKAS TRIPATHI
    096411 24 365

  5. #20
    esi77327 Guest

    Default log in failure in sbicapsec

    the entire page is vanishing when i log o giving pass words

  6. #21
    Unregistered Guest

    Red face Sbi capital

    To
    everybody

    i regret to state that mr arunaditya singh of sbi capital kolkata cheated with me by signing
    deamt and trading account opening form and told me it will take 20 days to open the account. But after a considerable times i neither got any trading id nor i can access the online trading. I will make a fir very shorty against him. I request everybody never everto open trading demat a/c with sbi. I also incurred a huge loss too.

  7. #22
    Mathukutty Guest

    Default Never ever open a trading account with sbicapsec

    THIS IS THE WORST ONLINE BROKER I HAVE EVER SEEN. Now at trading hours also we are not able to trade due to their very poor online trading software. Always having some technical problems. I was unable to trade yesterday and I called the toll free number and told that they are having some technical problem. Today from till 11 they were having the same problem although they told the problem will get resolved by 11. Just after 30 minutes past 11 there is same problem. This is not just a 1 day instance. This has been occurring for some time, and I do onine trading with fear of what happens if I cant sell due to technical fault.

    Their toll free number is always busy and also we cant access the number from our mobile, we have to go search for a landphone to call them.

    NEVER FALL INTO A TRAP BY CHOOSING THIS ONLINE BROKER.

  8. #23
    unregistered Guest

    Cool Lethargic broker

    For the last 5 days I have been toiling and contacting them. I am running from pillar to post. But absolutely no concern; no response.

  9. #24
    Unregistered Guest

    Default Poor sevice of sbi capsec

    Not able to get any status / details of an application forwarded a month before.
    Delay for what?

  10. #25
    Unregistered Guest

    Angry

    be away from sbicapsec

  11. #26
    Unregistered Guest

    Smile Good sbicapsec

    Dear sir/Madam this is rajesh i am a student i started a trading account with SBI on last year april 25th till now i did not facing a single problom up to now wen accout oppening it self he told me that the accout opening charge is 350/- rs its mandataory . i also aggree for that my account is opened with in 15days without any problem and also resently i apply for F&O also this is also opened in 7 days free of cost
    * good online trasaction
    *good response from SBI agent (Abubakar)ANATAPURE BRANCH...
    *no problem found in any face till no
    * i think its GOOOOOD

    RAJESH 998673137 BANGLORE

  12. #27
    SHIVSHARMAA Guest

    Default No complaints as sbicapsec is the best

    We canot even think of any complaints of sbicapsec as it is the best........shiv sharmaa.......user of sbicapsec

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