Karvy Stock Broking Complaints database helps customers, interested traders, investors to find out How good is Karvy Stock Broking customer service? A customer can decide whether Karvy Stock Broking Stock Broker is safe for trading.
The below data will give you complete information about how many customers have complaints against the Karvy Stock Broking stockbroker and how many complaints have been solved and how many complainants are canceled. All the complaints are legal file by customers with the stock exchanges.
Let’s see the percentage of complaints against the Karvy Stock Broking by active clients.
- Head-office Location: Hyderabad
- Customer Care Number: 18004198283
- Founded Year: 1983
- Broker Type: Full-Service Broker
- Website: www.karvyonline.com
Karvy Stock Broking Complaints Received In the F.Y 2018-2019
| Exchange | No. Of Active Clients | No. Of Complaints | Resolved By Exchange | % of Complaints | % Complaints Resolved |
| NSE | 844853 | 145 | 145 | 0.017% | 100% |
Complaints Received In the F.Y 2017-2018
| Exchange | No. Of Active Clients | No. Of Complaints | Resolved By Exchange | % of Complaints | % Complaints Resolved |
| NSE | 798355 | 153 | 153 | 0.02% | 100% |
Complaints Received from Year F.Y 2013 to F.Y 2017
| Year | No. Of Active Clients | No. Of Complaints | Resolved By Exchange |
| 2016-2017 | 181384 | 150 | 149 |
| 2015-2016 | 166923 | 191 | 190 |
| 2014-2015 | 172489 | 173 | 172 |
| 2013-2014 | 126308 | 114 | 104 |
Complaints vs Resolved
Karvy Stock Broking Complaints In NSE
| Year | 2016-2017 | 2017-2018 | 2018-2019 |
| Defaulter (yes/no) | No | No | No |
| Active clients | 181384 | 244753 | 270521 |
| Complaints received | 150 | 225 | 203 |
| Resolved by exchange/ igrc | 149 | 224 | 197 |
| Non actionable** | 0 | 0 | 0 |
| Advised / opted for arbitration | 1 | 1 | 0 |
| Pending for redressal with exchange | 0 | 0 | 6 |
| % number of complaints | 0.08 | 0.09 | 0.05 |
| % of complaints resolved | 100 | 100 | 97.52 |
| Arbitration | 11 | 26 | 10 |
| Decided by the arbitrators | 10 | 17 | 8 |
| Decided in favor of customers | 2 | 9 | 6 |
| Pending for redressal with arbitrators | 1 | 9 | 0 |
Note All data received from the National stock exchange.
** Non-actionable means that the complaints do not fill full criteria.
Also Read: Karvy Stock Broking Detail Review
Conclusion: Complaints against Karvy Stock Broking are very low compared to active customers and all complaints have been resolved. The results of some complaints have been given in favor of the customer.
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