Never trust these Relationship Managers of Indiabulls. This caution is for all the people who are thinking of handing over their hard earned money after being presented a rosy picture by these fellows.
I have just opened a demat account with Indiabulls when their RM approached me with a promise of an assured return and make me invest Rs. 10K on 31st Dec claiming they have some inside information about the market on that day. The next day I realised that I have lost Rs. 2000 and the worst part was that the brokerage that was charged on the investment was Rs. 6000. So the Rs 10K reduced to Rs 2000 in one day.
The Relationship Manager then washed her hand off by saying that they can't help it. They never told me about the high brokerages, thus cheating me in the process for their selfish needs.
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