My brother gave a cheque of Rs 5500 on 08-04-08 towards creating a **religare Demat account**, but until 2 months I never received any startup kit from and meanwhile I made several calls to the religare agent, however he never answered the call or bothered to give me a callback so finally I called up the office from where I came to know that their database shows that the cheque bounced back but the bank statement shows that it was deducted, they asked me produce the bank statement which I did, and asked them not to open any account but return back the money but havent got back my money till date.
I spoke to several people but in vain. they are insisting me to open an account and then close the account, if I do that I will get back 4500 rs immediately and rest 500rs once the account is closed but Rs 500 would be deducted as activation charges which is not acceptable as I dont want to continue with them. It has been 6 months now and there seems no progress happening on this case.
They dont answer my mails or answer the call, even if at times I get hold of the person**(Abhijeet Shinde)** he just keeps doing false promises.
And this not only happened with me but also with one of my friend who has also not received her amt since 6 months now.
So guys take my experience as a warning, creating a demate A/C with religare is just a waste of time, money, energy and peace of mind.