Hello All,
Religare securities, "never open an account". I have my D-Mat account in Malleshwaram branch.
I am small investor of around a lakh or so. I had never traded since June 2009 after buying 500 Shares of Suzlon at Rs.109 due to its low prices in the current market scenario.Today on July 14th 2010, I got a msg from Religare that my shares are liquidated due to debit balance in the account. I checked with Back office executives and they informed after 15 - 20 calls that there was a transaction for Rs 6000 by buying and selling Rural Electrification Corporation shares. I had never even given the order to buy or sell this share. Now they have liquidated my 100 shares of Suzlon to make good the loss.They never even informed me to pay the amount before in hand. Now in the fear that I may lose more money, I am Selling all my shares at 60 Rs. from which I have incurring a loss of 26, 000 Rs. Please Please be safe don’t invest your money through religare ...Worst brokers in the entire country.