I’m using India Infoline Dmat a/c from past 3-4 years. I do having strong portfolio. But I really want to aware other people about this company. Never ever go for this company’s Dmat account.
I have faced one problem recently, in my Dmat account some negative balance was there (hardly for 2-3 hrs). Normally after closing the market I’ll get reminder from India Infoline which say how much amount I need to transfer. I didn’t got any negative balance mail and the trade terminal also was not showing that so I was in that impression that I have some amount in my account.
But next day I morning I got call from my agent and he told Head office is selling your some of the share because you have negative balance in your account. Before that I could understand anything I ask him 20 min time to transfer some money. He told ok I’ll request them to not to sell any share because you are making payment. but before that I could have make online payment this guy given me call back and told sorry sir, we already sold you share now please have the brake-up and update your book with current holdings.
I’m really wondering that I didn’t got time to transfer the fund also. It’s really cheating by India infoline with their customers.I’m really requesting you to not to go for this company for any of the product. If you really want to know the case in details, you may contact me on 9342155442 or you can write the mail on ankit.patni@gmail.com