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Reliance Brok rage Charges

(Querist) 28 December 2010 This query is : Resolved 
Dear Sir,

I am Krishna having a DMAT account of Reliance Money which having two option for trading 1) on brokerage system 2) Slab rate of Limit card option

I had subscribed for limit card option for Rs 500 which allow to share trade on portal up to 2 lacs only in a year after that i have to renew.

But unfortunately they charges Rs 10000 on april,2009 as limit card charges however i m not applicable for that slab of trading and my total trading on portal was only Rs 80000/- hence i was for only Rs 500/subs.

I have sent them many email to reverse this charges but there is no any hearing on end of them while this same mistake repeat in may 2010 by Rs 5000 and this same i taken reverse from their end.

Kindly suggest me what i should do now ???

Regards,
Krishna
krrish_shiv@hotmail.com
9356787591
adv. rajeev ( rajoo ) (Expert) 28 December 2010
You will have to initiate legal proceedings against the Reliance money, before that first issue notice credit the charges to account, if co, didn't respond then file a consumer case. The act of co., is unfair trade practice, which falls under the consumer protection act.
Advocate. Arunagiri (Expert) 28 December 2010
They can not charge any thing extra. Send them a notice. after getting the reply you can continue this query.
Devajyoti Barman (Expert) 28 December 2010
Thiis s becming a menace for most of the such type of account holders. You first send the compnay notice to make good your loss. Then file a complaint to the consumer forum. ALternatively you could also invoke arbitration clause through the concerned stock exchange.
Ajay Bansal (Expert) 29 December 2010
AGREED AS ABOVE.


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