Reliance Money

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Category: Business & Finances

Contact Information
India

www.reliancemoney.com

Reliance Money Reviews

Vatsal1231 November 4, 2009
Not able to open online Account
Hello Sir,

I have applied for a new online trading account on 18th June 2009. Then after 2 months I received welcome kit which I suppose to get within 10 days. For this kit I have to fight in the local office of the Ahmedabad.

And after opening this account it will never open during trading hours. I have requested so many times to customer care of Reliance money but they never responded.

Sometimes token will not work or many times their server will not allow to enter into the site due to the rush during trading hours. Today since morning I am trying to open. It has opened for 5 min and then after suddenly token was stopped working and it is showing 8 digit number and it is constant throughout the day. It is not changing while I am resetting it online. I feel online is just a humble nothing else.

Now I am tired with customer care of this company. I want to close my account and want money back which I have used to open the account and also I have placed money in my reliance money account which I can’t use and not able to take back.

Look forward to tackle this issue at the earliest.

Please let me know which other details you require for this issue.
issue for salary September 14, 2009
issue of salary
Dear Athoritiy

My Self Sansdeep Gaur working as a Business Development Executive E-Code RMON2061. I want to informe you that till date i have not recevied my last two month salary.
I have conveyed thi9s message to my Tram Leader Mr. Achal Garg and Sa;es Manager Mr. Munish Goel regarding my salary but they are unnecessarily haring me. I am totally mentally disurbed and in short of money. they are saying that if you give one or two insurance polices than they will give my salary whereas at the time of joining was told the different story they told me to acheive a monthly target of rs. 10000 (Business from Mutual funds (nfo) Life Insurance and demat account) as allready till date i have given them business of rs 84000 (Rs 70000 from Mutual Funds and Rs 14000 From life insurance) if you want i can give the detale of business given by me
Now you can access that nowadays without money how can servive in the market.
Sir please take care of this issue and release my salary as soon as possible.
I will be very thankfull to you.

With Regards
Sandeep Gaur
E-Code RMon2061
BDE (Yamuna nagar)
Add:- 1057/5 Sondhi Street
Nr. Money Ram Kalaia
Chuna Bhatti Yamuna nagar
Pin Code 135001
Mobile No 09729910439
Jai Prakash Pathak September 14, 2009
For Issue Password
Dear Sir,
I want to say that I am Reliance Money DMAT a/c holder.
My a/c no. is 1304140004239729 and my client code is
j00045724.
Respected Sir I am to say that I requested three
times in Reliance Money for issuing me new password on
my client code. But they were not give me reply on my
Email or contect no. Therefore I cant use my DMAT a/c.

So kindly request to u that give me a satisfactory suggestion..

THANK YOU..
JAI PRAKASH PATHAK
DMAT A/C NO. 1304140004239729
CLIENT CODE j00045724

contact no. 09450883158
pkumar06 September 12, 2009
Extra Charges of Rs 15 on every transaction
Relaince money levies extra charges any time without any consensus with its customers.
Initially at the launch of its services, the brokerage amount was quite less . In time limit perspective also it was appreciable.

But in 2008, it increased the limit card prices in terms of price & time usage next year.

Then again it levied an extra charge of Rs 15/ per transaction from july 2009.

The problem is reliance money just frauds with its customers by their illegal way of brokerage charges increment & poor customer response service.In fact it is a service just for words/ documentsation, otherwise in relaity there is no service at all.

The company should be pressurized to remove the extra 15/- tranaction charges for helping the cutomers .
Anup111 September 8, 2009
adverse account
HI,
Reliance money itself is not relied upon

It charges
more brokerage
Dp charges
telephone charges - so cheap work from a billionaire

Reliance founder was a good man so he grey. Their sons are ass hole and will take the company down in years. Fate is in their way.

I request the SEBI to throw them out of broking service, they are thieves. Inspite of so many complaints they are not ripped from the market because the shit Anil ambani is sitting in parlaiment and no body dare to kick his ass out.

Thank you.
Mukesh GArg August 28, 2009
no revert of my complaint
I have an demat account in Reliance money under client ID M00042361, My account has been debited with an amount of Rs. 13000/- for Limit card charges . I have lodge several complaints but noone revert to me .
I want to talk to them on my phone :-09255831682

Thanking you

MUKESH GARG
09255831682
0130-6452278
AseemMohan August 3, 2009
Reliance Money / franchisee Depleted all my Shares
Dear Readers, I wish to bring this unfortunate incidence to your notice which happened with me and some other people in Ghaziabad.I am a service class person and job is my only source of income.I saved some money by sacrificing and compromising on day to day needs and INVESTED[I don't have an appetite for trading hence I am not a day to day trader] some money through Reliance Money in Share Market .The reason for choosing reliance money is the added security they promised me as they gave me security key and promised me / gurreented me thet no one except me can operate my demat / trading account which I have with them.I inevested 200000 INR by purchasing all good & A grade shares in year 2008 and thought that whenever I need money I'll simply sell them and take out my money.I invested in following shares:-GVK POWER AND INFRASSTUCTURE, RPL, RPOW [got it in ipo], APPOLO TYRE, BHAGYANAGAR INDIA LTDFour days ago, I got a call from a friend, who also got an account with reliance money, he was screming over the phone, told me that when he checked his demat account, to his surprised, many of his shares have been sold without his knowledge and his account is depleted systematicllay I thought may be he has misunderstood as I was confident that this can not happen and stayed calm, but when he again and again asked me to check my own account, I become a bit worried, I was in office at that time but asked my manager for 1 hr break .I rushed to the franchisee office of Reliance money where I hold my account, they told me that they are unable to update me as they have shifted database to Lajpat nagar location.I took the number of the owner immediately from them and gave him a call .I asked him to provide me the demat balance, Initially he kept on diverting the topic my saying words like "beleive me" " don't you trust me", don't listen to rumourse", but when I stricktly asked him to tell me the balance, he handed over the phone to someone there, he asked me my trading id, and told me that only 4000 worth of following shares are there in my accountBLUE CHIP, CARLS, INTRA I could not beleived him I requested him to kindly check it again, he checked it again and told me same, my head started spinning, I am shocked and I can not tell how I felt at that moment.I felt I got robbed, I called the same friend who informed me about this and told him what has happened with me . He asked me to talk to the franchisse owner, I called franchisee owner again and asked him how could all this happen, he simply said he doen't know and can't do anything about it, and put the phone down.I was like felt screaming on everyone, I went to my friend's place where he has already called a gentleman who has expertise in sharemarket.He told us that OFFLINE trading is the cause of this mishappening where a person from reliance has the ability to do trading from our accounts on our behalf to increase the trading commision revenue and as he might have traded heavily and due to valatile market that backfired him .He asked me to give call to the franchisse owner again and ask him to tell about the one who does this there, I call franchisse owner and asked the same, he told me that guy left the company 2 weeks ago also he asked me to talk to reliance money cluster head regarding this matter as It's with reliance money I have opened my Demat and Trading Account and not with him.I called cluster head and told him the entire story, he fixed a meeting with me and my friend next day.We met him next day and explained him the whole story again. He told us he'll investigate this matter and update us on what so ever is the finding.We went to our friend who has expertise in share market .He asked us to document it at first everything what happened and took formal steps also.We wrote a letter to Relaiance money and went to hand it over by person to Reliance Money office.While coming back from Reliance money office I got a call from cluster head, he asked me wheather I went to relaiance office I said Yes, He asked Why you went to Reliance office I told him to document the incidence, he seemed very annoyed he said " See when I told you I am looking in to it then why you went to office, now on wards i'll also respond you officially only, i took personal interest in your matter but seems you wish to take this official only so it'll be like that only, I didn't understant the reason why he is so annoyed ?Could there be a posibility that reliance guy and franchisee owner doing it together.how and why can my shares be trade with out my consent, knowledge and information ?They did all this just to increase turnover for there trading commission or could there be any other story as well?I am in complete state of shock and mental trouma right now.Did anyone iother also experinced the same issue ?Please join me raising this concern, i beleive united we stand help me, any suggestiions and advice would be appriciated .Can anyone please help
embeddeddeveloper July 22, 2009
Demat Acc/Trading
Wrost Demat/Trading acc... Dont create any relationship...

RelianceMoeny is the wrost service I have ever seen in my life. I am working in an MNC and used to trade a lot. RelianceMoney is famous for their way of CHEATING customers. They cheat customers anytime anyhow and dont even answers your query ever.

The reliance customer service people are all villegians...!!! THey dont even understand the problem anytime and they dont know anything about their field!!! How the heck they will guide you!!!

Following is an email I sent to IRCPC for consumer court...They r taking action against relaincemoney. I request people having bad experience with Reliancemoney to come forward and try to take action as much possible as they can using consumer court!!!


Dear,

I have recharged with 1000Rs Bimonthly limit card & the brokrage for IntraDay Trading is 1paisa since I opened my account. But since last some days, 14.99Rs brokrage charges are getting deducted for each transaction.


See below example,

2009072168405826 11:57:03 977557 11:57:21 ALSTOM PROJECTS INDI BUY 10 523.0000 5230.00 0.00 0.00 0.00 -5230.00
2009072168956413 12:55:38 1354495 12:57:31 ALSTOM PROJECTS INDI SELL 6 521.0000 3126.00 0.00 0.00 0.7830 3125.22
2009072168956413 12:55:38 1354875 12:57:37 ALSTOM PROJECTS INDI SELL 4 521.0000 2084.00 0.00 0.00 0.5220 2083.48
2009072168405826 23:59:59 23:59:59 ALSTOM PROJECTS INDI BUY 0 0.00 0.00 13.59 1.40 0.00 -14.99
2009072168956413 23:59:59 23:59:59 ALSTOM PROJECTS INDI SELL 0 0.00 0.00 13.59 1.40 0.00 -14.99


Thiking 1 paisa as brokrage, I am doing a lot of transaction. This kind of cheating is really frustated!

This happened to me second time, first time there was no prefernce card selected and so autometically recharge didnt happen. Now even the preference card is selected instead of 1 paisa brokrage from limit card, 15Rs for each transaction is getting deducted. I lost almost 2000Rs in 2 days!!!
September 9, 2008
Password not received
I have opened my DMAT a/c with reliance money.com around 5 months back, my appl no is 0000833863, my DP ID is 13041400, I have received shara transfer booklet, security key chain but not the password also no demo has been given so i am not able to use the services.
September 5, 2008
Silver coin not received
I opened an dmeat & trading account with RELIANCE MONEY at that time they launch a scheme that from 1st march to 31 march who applied for dmeat & trading account they give a gift of 5gm silver coin but yet I do not receive any coin from them. Their sms I got on my mobile that you will receive your silver coin shortly, or collect it from nearest branch. when I inquire to the branch they replied if you are eligible for that then you will receive the coin. The thing is that i applied my account in MARCH & an SMS I received by company that SMS is the proof that I am eligible for the coin.
So do the needful & be oblige.

My Account details is as under.
NAME : SAMIR AMRUTLAL GANATRA
CLIENT ID : S00121729

YOURS TRULY,
SAMIR GANATRA.

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