When I was opened the M.F. trading a/c charges were at a higher side but when other brokers were charging very low interest( 12-15%) I was debited 18% for a very long period. Initially I was also offered 15% but later on were increased to 18% .After a long request they reduced to 15%.
My F & O a/c were also debited by 10-15 times, instead of 60-70Rs they Debited 700-900 Rs.
Same is the case in Cash Brokerage.
Even if you transfer the funds online it takes 4-5 days to give credit in your trading a/c.Where as IIFL gives credit at the same movement.
They always talk of portfolio management to new customtakeouters but never give such facility to old ones.
I am having my a/c at Indore-city centre Branch.
Abhay Kumar Jain
Vaishali Nagar, Indore
abhayj2@gmail.com