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India Infoline Ltd. / IndiaInfoline CHEATING their customers

India Review updated:
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I have a DMAT account with India Infoline Ltd. in Mohali, Punjab branch. I have a complaint that my Relationship Manager (Mr. Gurvinder Singh) of India Infoline company has cheated me & invested my money into the market without my knowledge and gave me the loss of around Rs. 15000/- and he never told me about that loss. When I asked to withdraw all my money (Rs. 31,000/-) from my DMAT account then he gave me only Rs. 16000/- cheque and he told me that he also sent the request of Rs. 14000/- to the head office & I will get that cheque within 2-3 days. But he is giving me the fake promises from last 10-15 days.

When I talked to the branch manager (Mr. Karminder) regarding this then he told me that he (Mr. Gurvinder Singh) resigned from the company and I was really shocked to hear that. I sent so many mails & talked to the branch manager so many times but they are not doing anything.

It was my first time to enter into the stock market but Gurvinder Singh has shattered all my confidence and dreams. I am really very disappointed. How he can play with the customer's money without telling them? It’s really hard to believe for me that I loss my money due to the Company’s irresponsible relationship manager. Please don't open your DMAT account with India Infoline company.


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D  17th of Aug, 2007 by 
Agree Disagree 0 Votes
It`s not good to blame the company and i think your blankly believe the relationship manage (gurivinder singh). Its your mistake only. Company no need to fraud the customer because they have a lacks of the customer. You are only one person struggle with this company. it`s your mistake only. So don't believe the executive blankly, every one have certain limits you given complete details to the customer and without information company don`t do anything.

chandu ( as a friend).
N  9th of Jul, 2008 by 
Agree Disagree 0 Votes
I am Mr. pankaj gogoi working in india infoline ltd. if any one wna to open dmat and tradind account, he can contact me


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