Indiabulls Securities Limited
Undue brokerage being deducted!

Dear Sir,

I am a small investor & had opened my demat account with Indiabulls Securities Limited. But after some transactions, I didnt understand the pattern of their deduction of brokerage. They used to provide me the documents online but all their documents, ie, the transaction summary, the contract notes and the statement for brokerage deduction, used to show different values for brokerage deducted.

I tried to get a reply from them regarding it. I pursued them for more than two months & sent them around 14 reminders by e-mail but I didnt get any reply from them. You can understand the agony I had to face in this time & the time I waisted for all this. I did get telephone calls from them but they are not ready to clarify the things in detail. They are clearly saying that they cant clarify this matter in written.

I feel that they are cheating on the brokerage deduction & there might also be some problem in various taxes deducted & deposited by them. I want to get this matter clarified in detail. Kindly help me to get this matter resolved.

Hoping to get a quick reply from your side.

Thanks

DEVENDER.

Company: Indiabulls Securities Limited
Country: India

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