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Warning: Avoid creating Religare Demat A/C
Sep 23, 2008 10:23 PM 13129 Views

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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 thereĀ 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.


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