I Had submitted all the necessary documents to open DMAT account with Kotak securities. The agent some Govind, himself checked all the documents ant took all of them along with a 1000 rupees cheque. Later, after about 5 days, he told account cannot be opened because of some reason. If I asked "do you need any other documents? " He told no, we cant open the account for you. Since then (about 3 months), my 1000 rupees are lying with them. It has got diducted from my account too. The agent is showing disinterest if I enquire about that amount.
While they are taking money from us, they come to our place and take. But when it comes to giving the money back, they are so careless.