Stay away from Indiabulls...

This is the true case happened with one of my friend...

The indiabulls have sold his securities without informing him due to which he suffered huge loss. The officials verbally accepted their mistake at that time but they turned from their own words and now they are refusing to compensate him.

Even his RM is not interested in solving the matter and keep on making excuses.
Uneccessarily delaying the matter and harassing him.

Due to their mistake he has suffered big losses.

So I would suggest everybody to keep away from Indiabulls at least, first they allure the investors by giving them the hugh margin ( 4 to 8 times) and then without telling them (they would never tell you the deadline of the margin)... they will sell your securities.... Everybody in their office seem to be cheating the investors..... and thier RM, works on guess work and always makes the wrong calls on market tips.. so unprofessional and unexperienced

One of the executive from India bulls pursuaded me to take a personal loan of Rs. 2 lakhs though I was never interested. After prolonged pursuation out frustration I gave an application. After due verification I was asked to visit their office to take the cheque after personal interaction with the concerned. After personal interaction I was asked to bring some more documents for their satifaction for which I complied immediately. Thereafter I was told that only Rs.10,000/- can be sanctioned for my salary of Rs.18,000/- pm for the first time and after 6 months the limit will be increased. I declined to accept the personal loan and shouted on the person who offered me the personal loan of Rs.10,000/- which is equivalent to my 15 days salary. I felt insulted by this attitude and blacklisted this company for all my future activities.

The point tobe noted here is I did not approach the India bulls for any personal loan on my own but was forced to apply. India bulls insulted me by offering a loan of an amount equivalent to my 15 days salary.

This was happened in secunderabad branch around one and half years back. Since then I am not having any sort of transactions. I did not even buy shares of the company. I think I am right.

Moreover they do not have any specific brokerage... if u request them they would reduce it upto .30 but if stop trading for some time, they will start charging more.
Moreover their RM's are duffers. They don't have any knowledge and also the company's profiles on their site are not updated .... and sometimes gives wrong informations....
As far as its share is concerned its share will perform good as they earn a lot from their Real Estate business... We I can't comment much on it as I don't have enough data or info about it.
bye

I have indiabulls account ....my times when I try to open my account or check my holdings ...its website starts showing other customers details...

I dont know how many people are seeing my account...

Also when I tried to withdrawal money from my account 20k then they gave me only 11k