Inconsumercomplaints.com » Miscellaneous » Review / complaint: India InfoLine - Poor management and faulty services | News #321728

India InfoLine
Poor management and faulty services

After my last mail on issues with my account with 5 paisa I didnt receive any reply from India Infoline. Seems like they didnt have any more excuse.

Yesterday they sold all my shares without even informing me. I had 14 shares of BGR Energy, 16 of Reliance Power through IPO that I had fully paid for these shares. 50 DLF and 100 MTNL in the same account. Ths had happened in the past and that time they said this will not be repeated.

Praveen

9811099086

&-- Forwarded Message &-

From: Praveen Gupta

To: [email protected]

Cc: [email protected]; [email protected]; [email protected]; [email protected]

Sent: Tuesday, 6 November 8:26:13 PM

Subject: Fw: New Investor terminal

Hi,

I received couple of calls from your chennai office around 3-4 weeks back. I havent heard anything since then.

Could you please update me on this.

Thanks

Praveen

&-- Forwarded by Praveen Gupta/Gurgaon/Hewitt Associates on 11/06 08:24 PM &--

Praveen Gupta/Gurgaon/Hewitt Associates

HRO Ben Technology India

Gurgaon/UNITECHWORLD Speed Dial: 207

09/18 07:50 PM

To [email protected]

cc [email protected], [email protected], [email protected]

Subject Re: Fw: New Investor terminalLink

Hi,

Despite frequent reminders I am not getting any satisfactory reply from the company. It seems there is only Relationship Manager who is driving the company and if he goes wrong nothing can be done to resolve the issue.

This is what your RM communicated to me when I raised this issue with him.

1. Earlier he said IIL Bombay office is causing the delay and they have not updated my records with brokerages we agreed on even before my first transaction.

2. After few days he said he was on leave and also he was looking for a job so could not focus on his work (which impacted my account as well).

3. Then he informed me that he was joining some other company (Religare Securities) as he was frustrated with IIL management which was also the reason for irregularities in my account. He asked me to join Religare and promised me good brokerage.

During all this conversation I was constantly in touch with IIL but nothing happened. It seems 3rd reason he gave me is correct.

I cant even imagine how come your management (info or hr mail accounts) were continually asking me to contact RM despite the fact that he is one who caused all this.

I found this grievances mail account from your website and thought of giving it a try.

Waiting for your positive response.

Thanks,

Praveen

9811099086

"[email protected]"

09/05 06:27 PM

To Praveen Gupta/Gurgaon/Hewitt Associates@Hewitt Associates NA

cc

Subject Re: Fw: New Investor terminal

Dear Sir,

With regards to your mail, please note that we have intimated your query to your Relationship Manager Mr. Suresh and he would get in touch with you shortly.

We request your kind co-operation till then in this regards.

Assuring you of the best of our services at all times. Please get back to us for any clarifications.

Warm Regards,

Vikas

CASE :- 2501799

Hi,

Is there any update on this?

Thanks,

Praveen

&-- Forwarded by Praveen Gupta/Gurgaon/Hewitt Associates on 09/05

01:40 PM &--

Praveen Gupta/Gurgaon/Hewitt Associates

HRO Ben Technology India

Gurgaon/UNITECHWORLD Speed Dial: 207

09/03 05:31 PM

To

"[email protected]"

cc

[email protected], [email protected],

[email protected]

Subject

Re: Fw: New Investor terminal

Hi Vikas,

Does this mean India Infoline is not responsible for what your

Relationship Manager promises to customers? Or in other words your RM's do

not represent IIL?

If thats true and IIL does not follow any business ethics then please

close my account and let me know how can I transfer my money back to my

bank account.

Thanks But No Thanks,

Praveen

"[email protected]"

09/03 02:40 PM

To

Praveen Gupta/Gurgaon/Hewitt Associates@Hewitt Associates NA

cc

Subject

Re: Fw: New Investor terminal

Dear Sir,

We regret for the inconvenience caused to you.

With regards to your mail, please note that your account with login id

PGUPTA78 is mapped under our TT Advance terminal. Further note that we

have provided you the download rights of TT Advance terminal and you would

be able to download the same on your office computer. Kindly follow the

following instructions to install the new Trader Terminal Advance from the

following link - www.5paisa.com/download/login.asp.

1. If your operating system is Windows 95 then this software will not work

on your machine. You will have to upgrade your operating system.

2. It is essential that you have Internet Explorer 5.5 or higher for using

TT Advance. If your operating system is Windows 98 or Windows 2000 then

your system will not have the.NET Framework 2.0 installed. You can either

get the... NET Framework 2.0 downloaded or have your hardware engineer

install the same for you.

On Operating system Windows 2003 machine you don't need to do anything

other than simply downloading the exe and running it.

3. On Windows XP make sure that you have Framework 2.0. If you have not

patched up your operating system or updated Framework, you will be

required to do so now. You could have your hardware engineer help you with

the update and/ or patch.

4. Once you have successfully installed Framework 2.0 or have established

that you have the right version of Framework running on your system the

downloaded exe will run without any need for set up or any additional

tasks.

If you work on proxy settings, you will need to contact your technical

team and ask them to open the following 3 ports:

1.10116 2.25000 3.25002

Kindly note that we have placed a request in your account and the TT

Advance password would be shortly sent via SMS on the mobile number

mentioned in the document. We request you to login with the new password

sent to you.

Your brokerage structure is as follows:

Trading brokerage- 0.10%

MPS- Trading - 5 paisa

Delivery Brokerage- 0.50%

MPS- Delivery - 5 Paisa

F&O - 0.10%

We request you to co-ordinate with your Relationship Manager Mr. Suresh

Gupta regarding your brokerage issue as he would be able to assist you

better in this regards.

We request your kind co-operation till then in this regards.

Assuring you of the best of our services at all times. Please get back to

us for any clarifications.

Warm Regards,

Vikas

CASE :- 2501799

Hi,

Could you please look into this matter?

I am really frustrated with the way IIL is dealing since beginning.

I would really appreciate your prompt response.

Thanks,

Praveen

&-- Forwarded by Praveen Gupta/Gurgaon/Hewitt Associates on 08/30

03:28 PM &--

Praveen Gupta/Gurgaon/Hewitt Associates

HRO Ben Technology India

Gurgaon/UNITECHWORLD Speed Dial: 207

08/30 01:09 PM

To

[email protected]

cc

[email protected], [email protected]

Subject

Re: Re: Re: Re: New Investor terminal

Hi,

Is there any update on this?

Thanks,

Praveen

Praveen Gupta/Gurgaon/Hewitt Associates

HRO Ben Technology India

Gurgaon/UNITECHWORLD Speed Dial: 207

08/29 03:27 PM

To

[email protected]

cc

[email protected], [email protected]

Subject

Re: Re: Re: Re: New Investor terminal

Hi,

I have been facing diffficulties in operating my trading account since

beginning. The services provided by IIL is pathetic and if it remains the

same way I may not want to refer IIL to anyone. I have to call them up

everyday to get the status but worst part is that there is no progress at

all. These are the open items i have been discussing with IIL but are

still open

1. I was told that the brokerage on all trading would be 3 paisa intraday

and 20 paisa interday (delivery) but I ma being charged 50 paisa. I wasnt

even aware of this until I received delivery report 2 days back.

2. You software doesnt work on my office network. May be required ports

are blocked.

Please do the needful asap.

Thanks,

Praveen

9811099086

Praveen Gupta/National/Hewitt Associates

HRO Ben Technology India

Gurgaon/UNITECHWORLD Speed Dial: 207

07/16 06:38 PM

To

"[email protected]"

cc

[email protected]

Subject

Re: Re: Re: Re: New Investor terminal

Hi,

Thanks for the reply.

I asked for an online trading account from your representative. Please

change this to an online account or let me know if there are any charges

to convert this to an online trading account.

Thanks,

Praveen

"[email protected]"

07/16 06:04 PM

To

Praveen Gupta/National/Hewitt Associates@Hewitt Associates NA

cc

Subject

Re: Re: Re: Re: New Investor terminal

Dear Sir,

Thanks for mail.

With regards to your mail, kindly note that your account is active with

the login id PGUPTA78 and mapped under offline trading, thus you would not

be able to trade online.

Further note that the password which you received is a ledger balance

password through which you can view your ledger balance online by visiting

our website www.trade.indiainfoline.com.

Note that if you wish to mapped your account under online trading, kindly

let us know the terminal under which you wants us to mapped your account

so that we could do the needful from our end.

Assuring you of the best of our services at all times. Please get back to

us for any clarifications.

Warm Regards,

Nishant

CASE :- 2469996

Hi,

I confirmed the login id and its the same LEDGER. My Demat client id is

11762840.

Please do the needful asap as its already too late.

Let me know if you need further information.

Thanks,

Praveen

"[email protected]"

06/25 11:09 AM

To

Praveen Gupta/National/Hewitt Associates@Hewitt Associates NA

cc

Subject

Re: Re: Re: New Investor terminal

Dear Sir,

Thanks for mail.

With regards to your mail, please note that the login id mentioned by you

is invalid. Further, we request you to mail us your correct login id or

demat account number so that we can do the needful.

We request your kind co-operation till then in this regards.

Assuring you of the best of our services at all times. Please get back to

us for any clarifications.

Warm Regards,

Vikas

CASE :- 2469996

My login id is LEDGER.

Thanks,

Praveen

"[email protected]"

06/23 06:06 AM

To

Praveen Gupta/National/Hewitt Associates@Hewitt Associates NA

cc

Subject

Re: Re: New Investor terminal

Dear Sir,

Thanks for mail.

With regards to your mail, we request you to kindly specify your Login Id,

so that we could assist you in this regards.

Assuring you of the best of our services at all times. Please get back to

us for any clarifications.

Warm Regards,

Binal

CASE :- 2469996

Hi,

My full name is Praveen Kumar Gupta... but I believe this account was

opened with Praveen Gupta (not sure). I am in US and do not have access to

the papers I received from 5paisa. You also check the cell number.

Thanks,

Praveen Gupta

"[email protected]"

06/22 12:47 AM

To

Praveen Gupta/National/Hewitt Associates@Hewitt Associates NA

cc

Subject

Re: New Investor terminal

Dear Sir,

Thanks for mail.

With regards to your mail and as per your query kindly note that we are

not able to trace the details of your account on the basis of the

information provided by you.

Thus we request you to kindly provide us your demat account number or your

entire name [including middle name] with which you had opened the account

with us, which could guide us in tracing your account status and login id

and revert accordingly.

Assuring you of the best of our services at all times. Please get back to

us for any clarifications.

Warm Regards,

Vikas

CASE :- 2469996

Hi,

I have opened an account with 5paisa and I received login and password. On

your website it asks for PIN alongwith login and password which i never

received.

Please let me know how to generate this PIN.

Thanks,

Praveen Gupta

9811099086


Company: India InfoLine

Country: India

Category: Miscellaneous

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