I have online Account with kotak securities Ltd, I had been invested regularly thru onling in various mutual Fund Schemes thru Kotak Securities Ltd, Mumbai, At time of some redemption of mutual funds, I have received the payments after 30 days and the DD all are payable at Mumbai but have account in Trichy.
meantime I have enquired with the mutual Management they told that my address & account details provided by Kotak Securities ltd is not correct with Original Address. Due this reason I have not received my redemptions in correct time and I have been debited from my account - commission charges/courier charges for collection of DD.
This is irresponsible of kotak Securities Ltd, they have not done their job perpectly. Due to their mistake I have to Rs. 5000/- interest against my loans.
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