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HDFC Securities: Register a Complaint about Stock Trading, Investment, and Financial Services of HDFC Securities Limited

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HDFC Securities Limited (source: hdfcsec.com)

HDFC Securities Limited is a stockbroking company, a subsidiary of HDFC Bank, owned by the HDFC Group. HDFC Securities was founded in 2000 and is headquartered in Mumbai, Maharashtra. HDFC Securities also has branches across major cities and towns in India. The InvestRight and HDFC SKY are the online trading and investment platform of the company.

The major stock trading and financial services of HDFC Securities include equity & derivatives trading, Mutual funds, Depository services (Demat), digital investments, wealth management services and loans & credit services.

Notice - Be alert! Don't share the financial or banking details and don't share OTP to customer care executive. Protect yourself from Frauds and Scams. Report to Cyber Crime Bureau or Call 1930 as soon as possible to protect your earnings and others.

Have complaints about HDFC Securities? If you have complaints of technical or financial issues regarding trading, investments, or demat accounts of HDFC Securities then file a complaint through the toll-free customer care number, email, or chat with the executives. Not resolved satisfactorily? Escalate the complaint to the Head of Customer Care at HDFC Securities.

Report the issues related to:

  • Depository Services: Concerns regarding depository services, the opening of a Demat account, and other fund management services offered by HDFC Securities.
  • Equity Trading: Problems with executing buy and sell orders for shares on BSE and NSE through the HDFC Securities platforms such as InvestRigh and HDFC SKY.
  • Derivatives Trading: Support for trading in futures, options, and currency derivatives.
  • MCX (Multi Commodity Exchange): Investment in commodities like bullion, metals, energy, and agriculture.
  • Mutual Funds: Complaints about mutual fund schemes, including equity, hybrid, tax-saving, and debt funds along with concerns about mutual fund transactions, buying, selling, and switching funds.
  • Wealth Management Services: Disputes of high-net-worth individuals (HNI) and institutional clients, including portfolio management, financial planning, and tax planning services.
  • Digital Investing: Complaints related to HDFC Securities’ digital investing platforms for convenient and secure online trading and investments.
  • Investment Services: Issues related to SIPs, IPOs, Bonds, NCDs (Non-Convertible Debentures), and corporate FDs (Fixed Deposits) including ETFs (Exchange-Traded Funds),
  • Value-Added Services: Concerns of investing and trading ideas, financial tools and calculators, tax solutions, Will planning, Robot advisors, and smallcases (baskets of stocks).
  • Global Investing: Problems related to investing in Nasdaq-listed US stocks or global trading through HDFC Securities.

Dissatisfied with the resolution or unresolved? You may escalate the complaint to the Compliance Officer at HDFC Securities Limited. Further, escalate the matter to the CEO (Chief Executive Officer) of HDFC Securities Ltd for higher-level intervention and resolution.


How to File a Complaint of HDFC Securities?

As per HDFC Securities’ grievance redressal policy, the complaint resolution mechanism is divided into 3 levels. Initially, customers or investors can approach the customer service team to resolve the issues. If the complaint is not resolved to the expectation, then escalate the matter to the next level of authority to seek further resolution.

Grievance Redressal Mechanism:

Registration Fee No Charges (₹0)
Resolution Period Up to 30 days (Read the investor grievance redressal policy of the HDFC Securities)
Refund Period Within 7 to 15 business days (read the refund and compensation policy)

Levels of complaint escalation:

  • Level 1: Customer Care, HDFC Securities
    • Toll-free customer service number
    • Email or WhatsApp
    • Register a complaint online
    • HDFC Securities InvestRight App
  • Level 2: Escalate the unresolved complaint to the Head of Customer Care at HDFC Securities
  • Level 3: Escalate the disputed matter to the Compliance Officer and CEO of HDFC Securities Ltd.

Still, not resolved even after escalation? You can file a grievance with the regulatory authorities, including the Securities and Exchange Board of India (SEBI), and the relevant securities exchanges such as CDSL/NSDL, NSE/BSE, or other pertinent regulatory bodies for further investigation and resolution.

Also, in cases where resolution is not approached on an agreement, you can start the arbitration with HDFC Securities or the listed institution through the Smart Online Disputes Resolution (ODR) platform, specifically designed for investors, institutions, and exchanges.

Please note: If you have unresolved disputes concerning loans and financial services offered by HDFC Securities, then file a complaint with the Banking Ombudsman at the Reserve Bank of India (RBI).


Level 1: Customer Care, HDFC Securities

Initially, you can complain to HDFC Securities’ customer support team through their toll-free customer care number, email, or by submitting your complaint online. You can report concerns related to various HDFC Securities services and products, including new account openings, trading activities, call & trade services, financial services such as funds and investments, and emergencies like account blockage or fraudulent transactions.

When filing a complaint with HDFC Securities, please ensure to provide the following details:

  • Customer/Client ID (for existing clients)
  • Order ID (for stock, ETFs/IPOs, and mutual fund orders), if applicable.
  • Nature of the Complaint (trading activities, account services, financial products, or any other area of concern)
  • Description of the complaint including relevant facts Attach copies of supporting documents such as bills, screenshots, contract notes, or video links (if available).

Contact Details of HDFC Securities Customer Service:

Tip: Beware of scams, don’t share bank/personal details; use only the official HDFC Securities InvestRight app for help. Stay safe!

Please note that if you have complaints about the violation of consumer rights by HDFC Securities, you can file your complaint with the National Consumer Helpline (NCH) of the Department of Consumer Affairs (MoCA) for appropriate action and resolution.


Level 2: Head of Customer Care, HDFC Securities

If your previously submitted complaint remains unresolved within the specified resolution period, typically taking 3 to 7 days at Level 1, then escalate the unresolved complaint to the designated Head of Customer Care (CC) of HDFC Securities at Level 2.

Make sure to provide the ticket number from the previous complaint and contact the officer:


Level 3: Compliance Officer, HDFC Securities

For disputes concerning unresolved complaints regarding stock & trading, DP, pension funds, and investment services regulated by SEBI, which are not satisfactorily resolved at level 2, HDFC Securities has appointed a Compliance Officer to handle these matters.

When submitting your grievance letter or email to the Compliance Officer, it is important to include the following details:

  • Ticket/Reference number of the previous complaint lodged at Level 2
  • Client/Customer ID
  • Nature of the complaint
  • Expected relief with reasons for dissatisfaction with the previous resolutions
  • Attach relevant documents and evidence such as bills, contract notes, screenshots, or any other proof.

1. Compliance Officer, HDFC Securities

Escalate the unresolved disputed matter of level 2 by sending a complaint letter to the Compliance Officer at HDFC Securities:

Designation Compliance Officer, HDFC Securities
Phone Number +912230453600
Email complianceofficer@hdfcsec.com
Address Compliance Officer – HDFC Securities Limited, iThink Techno Campus, Building – B, ‘Alpha’, 8th Floor, Opp. Crompton Greaves, Near Kanjurmarg Station, Kanjurmarg (E), Mumbai – 400042.

2. CEO, HDFC Securities

Further, if the complaint is not resolved to your expectation by the Compliance Officer then escalate the grievance to the Chief Executive Officer (CEO) of HDFC Securities by sending an email or calling at:

  • Call the CEO by dialling the phone number – +912267419951
  • Email your concerns to escalation@hdfcsec.com with the reference/acknowledgement ID of the previously escalated complaint at level 3.

Still, not resolved to your satisfaction by HDFC Securities? Approach the respective Regulatory Authorities.


Regulatory Authorities

If your complaints regarding investments, securities, brokers, or HDFC Securities’ trading platform remain unresolved within 30 days, you can escalate the matter to these regulatory authorities:

1. Securities and Exchange Board of India (SEBI): File a complaint to SEBI – SCORES

Respective Stock Exchanges and Depository Services:

  • For equity shares and currency trading, contact NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
  • For commodities and metals trading, approach MCX (Multi Commodity Exchange of India Ltd.).
  • For issues related to demand accounts, equity repository, management, ownership, and share transfers, contact CDSL (Central Depository Services (India) Ltd.) and NSDL (National Securities Depository Limited).

Other Regulatory Authorities for Financial Disputes:

Note: If you are dissatisfied with the resolution provided by regulatory authorities, you can initiate arbitration with HDFC Securities, investors, market participants, or institutions using the Smart Online Disputes Resolution (SMART ODR) platform at smartodr.in.

Still, not satisfied even after receiving final orders from regulatory authorities? You may take legal advice from a legal expert before taking legal action against HDFC Securities Ltd or a listed company, or challenging decisions made by the respective authority. You may consider approaching judicial bodies or other relevant tribunals such as the Securities Appellate Tribunal for further review and resolution of the matter.


Reference

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User Reviews (3)

NM
N Muthukumar
Sep 14, 2024

Clisuspended for All

Initially I was getting a message that the Invalid PAN ID. Now i am a getting a message that Clisuspended for All. Please let me know what is to be done to activate my account. I have submitted Physical KYC (2nd time) at your branch on 31/08/24. When will my account will get activated.
PL
Pankaj Limbachiya
Aug 20, 2024

hdfc securties sucks

i been try to cantact them for 5 year the call center are not able to ans they always keeps on ivr and the pysical visit are is asking to all dum even they dont know what is the solution for the problem . actully my saving account is close but the demant is link so they unable to transfer the stocks holding now they r telling to open the account for savinfg which is around 20000 that the solution they offer
IS
Indra Sundararajan
Apr 29, 2024

My Securities Trading account has been de-activated (no transaction in past 1 year)

(Case ID:06468334) . (Case ID:06475438) . (Case ID:06496110) (Case ID:06503940). I have done KYC on-line 3 times based on Digi Locker driven AADHAAR identification . I have sent several emails confirming this , but every time I get only an äuto generated standard reply asking meto do KYC ! How many times KYC has to be done in such cases ?? I have escalated to all levels as per your Escalation Matrix , but NO ONE seems to care ? My emails are marked to services@hdfcsec.com; escalation@hdfcsec.com; complianceofficer@hdfcsec.com and skysupport@hdfcsky.com. But so far I am being denied trading from my account (which is >20 years old and attached to my HDFC Savings Bank account too ). Please advise what else I need to do further. Indra Sundararajan (67) 981931XXXX

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Initially I was getting a message that the Invalid PAN ID. Now i am a getting a message that Clisuspended for All. Please let me know what is to be done to activate my account. I have submitted Physical KYC (2nd time) at your branch on 31/08/24. When will my account will get activated.i been try to cantact them for 5 year the call center are not able to ans they always keeps on ivr and the pysical visit are is asking to all dum even they dont know what is the solution for the problem . actully my saving account is close but the demant is link so they unable to transfer the stocks holding now they r telling to open the account for savinfg which is around 20000 that the solution they offer(Case ID:06468334) . (Case ID:06475438) . (Case ID:06496110) (Case ID:06503940). I have done KYC on-line 3 times based on Digi Locker driven AADHAAR identification . I have sent several emails confirming this , but every time I get only an äuto generated standard reply asking meto do KYC ! How many times KYC has to be done in such cases ?? I have escalated to all levels as per your Escalation Matrix , but NO ONE seems to care ? My emails are marked to services@hdfcsec.com; escalation@hdfcsec.com; complianceofficer@hdfcsec.com and skysupport@hdfcsky.com. But so far I am being denied trading from my account (which is >20 years old and attached to my HDFC Savings Bank account too ). Please advise what else I need to do further. Indra Sundararajan (67) 981931XXXXHDFC Securities: Register a Complaint about Stock Trading, Investment, and Financial Services of HDFC Securities Limited