Kotak securities
Breach of trust and no proper services provided

Hi,

I Maulik Shah, had open an DMAT Trading Account with Kotak Securities, Hyderabad Branch. Before opening the account the Kotak Executive had promised lot many things, like free account, good services and good market analysis. Today its almost 6 months now, the kind of service they have offered me is utter waste and upon that they have charge me with account opening charge of Rs 750/-. When I asked for the reason, he told it is general and we will wave it off. Now after 2 months they have still not waived that charges to me and saying me that they are helpless on this.

Now, When I have decided to close all my 7 accounts with them. They are telling to clear all the account dues then only account will be closed. I would like to know, if we as consumers can take some legal action on this, then I would be ready to take what it comes. And set an example for others. So these people will learn a lesson.

Kindly let me know, if you have any idea/anything that we can do on this.

Thanking you in advance.

Maulik Shah

Company: Kotak securities
Country: India

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