Aditya Birla Consumer Complaints 2023 | Review, Details, NSE/BSE
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Aditya Birla Money Limited Consumer Complaints
Aditya Birla Money Limited is a well-known full-service broker of India, started its operation in 1994 and facilitate you to invest in BSE, NSE, MCX and NCDEX. Aditya Birla Money Limited is a SEBI registered broker and a depositary participant of CDSL and NSDL. Aditya Birla Money Limited offers to invest/trade in equity, derivative, futures, options, IPO, currency, commodity and mutual funds. As a very transparent and diverse platform without any hidden charges, it is famous for its wide range of financial services . Aditya Birla Money Limited offers 100% paperless 2-in-1 account opening facility on its platform i.e. online demat and trading account. Aditya Birla Money Limited is a very popular broker because of its ultra-fast and modern services.
Aditya Birla Money Limited is a very modern and technology-driven platform which is equipped with new features and a wide range of attractive facilities. Aditya Birla Money Limited offers many trading software and tools on its platform which are equipped with all the modern facilities to bring an unmatched trading experience for you.
Complaint against Aditya Birla Money Limited:
Brokerage industry is so deep and wide that it can boost any country’s economy. People used to invest in share market by using variable platform or brokers and while investing, sometimes some financial problems come which can be related to fund transfer, trading software, order execution, demat & trading account, leverage, account opening, NRI account, brokerage etc. Customers/clients used to register those complaints of Aditya Birla Money Limited at national exchanges BSE and NSE. Those complaint reports are serious grievances against the full-service broker Aditya Birla Money Limited which the broker has failed to resolve. This complaint data is provided by BSE and NSE and it shows overall health of Aditya Birla Money Limited.
These complaint report also provides the details of the total no of active customers of Aditya Birla Money Limited as well as it shows the growth of the broker year on year.
Aditya Birla Money Limited Consumer Complaints:
Financial Year | Exchange | Number of Clients | Total Complaints | Percentage |
2023-22 | NSE | 59,840 | 16 | 0.03% |
2023-21 | BSE | 16,315 | 4 | 0.02% |
NSE | 55,579 | 80 | 0.14% | |
2019-20 | BSE | 16,148 | 7 | 0.04% |
NSE | 43,403 | 36 | 0.08% | |
2018-19 | BSE | 13,783 | 7 | 0.05% |
NSE | 41,113 | 67 | 0.16% | |
2017-18 | BSE | 24,395 | 15 | 0.06% |
NSE | 54,875 | 53 | 0.09% | |
2016-17 | BSE | 22,948 | 12 | 0.05% |
NSE | 40,337 | 61 | 0.15% | |
2015-16 | BSE | 23,325 | 13 | 0.06% |
NSE | 39,517 | 49 | 0.12% | |
2014-15 | BSE | 35,629 | 17 | 0.05% |
NSE | 42,769 | 45 | 0.10% | |
2013-14 | BSE | 228,047 | 22 | 0.009% |
NSE | 41,565 | 76 | 0.18% | |
2012-13 | BSE | 219,178 | 28 | 0.012% |
NSE | 216,289 | 71 | 0.03% | |
2011-12 | BSE | 205,294 | 68 | 0.03% |
NSE | 201,253 | 131 | 0.07% |
Aditya Birla Money Limited Complaint at NSE
Entity | 2023-22 | 2023-21 | 2019-20 |
Defaulter | No | No | No |
Number of active clients | 59,840 | 55,379 | 43,403 |
Number of complaints received | 16 | 80 | 36 |
Resolved through the exchange | 10 | 70 | 28 |
Non-actionable | 3 | 7 | 1 |
Advised/Opted for arbitration | 0 | 0 | 1 |
Pending for redressal with exchange | 3 | 3 | 6 |
No. of arbitration filed by clients | 1 | 4 | 8 |
Decided by arbitrators in favour of the clients | 0 | 3 | 8 |
Decided by the arbitrators | 0 | 1 | 2 |
Pending for redressal with arbitrators | 1 | 1 | 0 |
Aditya Birla Money Limited Complaint at BSE
Entity | 2023-21 | 2019-20 | 2018-19 |
Defaulter | No | No | No |
Number of active clients | 16,315 | 16,148 | 13,783 |
Number of complaints received | 4 | 7 | 7 |
Resolved through the exchange | 3 | 7 | 7 |
Non-actionable | 0 | 0 | 0 |
Advised/Opted for arbitration | 0 | 0 | 1 |
Pending for redressal with exchange | 1 | 0 | 0 |
No. of arbitration filed by clients | 0 | 0 | 0 |
Decided by arbitrators in favor of the clients | 0 | 0 | 0 |
Decided by the arbitrators | 0 | 0 | 0 |
Pending for redressal with arbitrators | 0 | 0 | 0 |
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Frequently Asked Questions
No, you do not need a demat account if you want to trade in futures and options segment.
Aditya Birla Money Limited demat and trading account will become dormant if you will not trade for 365 days. To reactive your ABML account, you need to send an email at abml.active@adityabirlacapital.com from your registered email id.
If you are a ABML customer then you need to generate the minimum brokerage of INR 1000 on monthly basis to avail this facility and also customer account should not register under DND mode.
Yes, Aditya Birla Money Limited offers the call & trade facility on its platform.
Any individual, Hindu Undivided Family (HUF), partnership firm, proprietary firm, a company can open trading account with Aditya Birla Money Limited via online method or by visiting the nearby branch.
Power of Attorney (POA) form can be downloaded from the official website of ABML. Steps are as follows:
• Visit the official website of ABML
• Downloads & help > Downloads > Change request tab > Individual POA form format.
• Fill all the details and send it our below corporate address.
Aditya Birla Money Limited
No. 53, Ali Center,
Greams Road,
Chennai – 600 006
Letter of Authorization (LOA) is required only when the account is handled by someone else in blood relations on behalf of actual account holder. Valid relationships for LOA are as follows:
• Father & Mother
• Husband & Wife
• Son & Daughter
In-laws will not be accepted as valid authorized persons for LOA.
Equity & FnO – 15.15 hrs
CDS – 16.45 hrs
Commodity – 23.10 hrs / 23.35 hrs
But always keep in mind, auto-square off will commence before 15 minutes to market closing time.
You need to call at 1800-300-29999 to place a trade.
Yes, Aditya Birla Money Limited offers After Market Order (AMO) facility which enables clients to place order between 16.15 hrs to next trading day till 8:45 hrs.
Contract note – Customer will receive the contract note by physical form or in digital form based on the option selected by the customer while opening the account.
Trade Confirmation SMS – At the end of the day, customer will receive a trade confirmation SMS in their registered mobile number.
Order Confirmation SMS – In offline mode, customer will receive the order confirmation SMS for all the orders places in derivative segment
Aditya Birla Money Limited is the depositary participant of both NSDL and CDSL. ABML enables their customers to choose between CDSL or NSDL.
Aditya Birla Money Limited is a part of the renowned and prestigious Aditya Birla Group which has its presence in all over the world. This full-service broker is known for its wide range of services and financial products which will help you in enhancing your assets. It offers many trading software and technical analysis tools so that you can analyse the market from any angle and place the order from any corner of the of the world.
No, it is not possible to move your fund deposited in equity segment to commodity segment. Equity funds can only be used in equity trading and commodity funds can only be used in commodity trading.
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