Inconsumercomplaints.com » Miscellaneous » Review / complaint: Kotak securities - Delay in closing the account and transferring the money | News #364907

Kotak securities
Delay in closing the account and transferring the money

Hi,

I have a Demat account with Kotak securities D Mat A/C No 12968183, Client ID-XNUN7 and saving bank account with Kotak Mahindra Bank, GKII, NewDelhi Branch A/c No.01730120020372, sole a/c holder.

I have requested to close down my Demat account in June as per the confirmation mail the same was being closed on 21.07.08. But later on i was informed that my account is not closed, so again i wrote a application for closing of the account and transferring the shares of Powergrid 134 {which I was allotted on Issue} on 26.03.09.I applied for closure with transfer of my holding to my Daughter in law Rachna Sethi's D Mat A/C DP ID No 1304140000722684.

As per the information provided to me both the activities will take 1 month time.

Kotak Mahindra Bank, GKII, NewDelhi Branch is telling me today that A/C could not be closed because the Rachna's DP ID No is wrong. I donot know how long the matter will be dragged and how long I have to suffer. I am a retired person and I want the matter to close at the earliest. Instead I am running from pillar to post to sort out the matter. Will you be kind enough to intervene in this matter and make me relieved With Regards, Your Faithfully, Soumyen Mitra, (09810493402)

Soumyen Mitra, 357, Narmada Apt, Alaknanda, New Delhi 110019

P. S For Your reference i am attaching the email coomunication with kotak security and a screen short of the demat account in which shares needs to be transferred. so that the demat A/c No. can also be verified.

(I am not able to attach the files, please provide me with a direct email id, so that i will be able mail you the same for your Convenience)


Company: Kotak securities

Country: India

Category: Miscellaneous

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