I also opened DEMAT & Trading account with Indiabulls Securites Ltd. in year 2006 on assurance given by Indiabulls representative that these accounts are lifetime free account and one time charge of Rs. 900 is payable at the time of opening of account. This scheme is widely publicised by Indiabulls through various media. All things was going well till 31.03.2012. However on 04.04.2012 they have charged maintainance charges of Rs. 450/- in my account without any prior notice (oral or written).
Now I am taking action against Indiabulls securities Ltd because it is sheer violation of terms and conditions set by Indiabulls Securities Ltd at the time of account opening.