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Geojit Consumer Complaints 2023 | Reviews, Contact us, Details

 
 
 
 
 

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Geojit Financial Services Limited Consumer Complaints

Geojit Financial Services Limited is a well-known full-service broker of India, started its operation in 1987 and facilitate you to invest in BSE, NSE, MCX and NCDEX. Geojit Financial Services Limited is a SEBI registered broker and a depositary participant of CDSL and NSDL. Geojit Financial Services Limited offers to invest/trade in equity, derivative, futures, options, IPO, currency, commodity and mutual funds. Geojit Financial Services Limited offers 100% paperless 2-in-1 account opening facility on its platform i.e. online demat and trading account. Geojit Financial Services Limited is a very popular broker because of its ultra-fast and modern services. Geojit has a team of expert professionals who are always ready to provide you world-class services.
Geojit Financial Services Limited is a very modern and technology-driven platform which is equipped with new features and a wide range of attractive facilities. Geojit Financial Services Limited offers free trading software and tools on its platform which are equipped with the modern technology to bring an unmatched trading experience for you.

Complaint against Geojit Financial Services Limited:

Share market is a very wide platform of investment so generally many problems used to come while investing. Issues also get generated from the broker’s side 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 Geojit Financial Services Limited at national exchanges BSE and NSE. Those complaint reports are serious grievances against the full-service broker Geojit Financial Services Limited which the broker has failed to resolve. This complaint data is provided by BSE and NSE and it shows overall health of Geojit Financial Services Limited.
These complaint report also provides the details of the total no of active customers of Geojit Financial Services Limited as well as it shows the growth of the broker year on year.

Geojit Financial Services Limited Consumer Complaints:

Financial Year

Exchange

Number of Clients

Total Complaints

Percentage

2023-22

NSE

215,152

18

0.008%

2023-21

BSE

42,327

5

0.011%

NSE

201,219

70

0.034%

2019-20

BSE

42,149

9

0.02%

NSE

163,759

42

0.03%

2018-19

BSE

34,413

8

0.02%

NSE

163,897

35

0.02%

2017-18

BSE

67,126

13

0.02%

NSE

183,479

42

0.02%

2016-17

BSE

58,455

6

0.01%

NSE

160,335

35

0.02%

2015-16

BSE

59,125

10

0.02%

NSE

177,409

36

0.02%

2014-15

BSE

44,882

10

0.02%

NSE

158,289

60

0.04%

2013-14

BSE

528,492

19

0.03%

NSE

148,185

46

0.03%

2012-13

BSE

499,323

17

0.03%

NSE

452,957

50

0.01%

2011-12

BSE

450,552

27

0.01%

NSE

412,703

57

0.01%

 

Geojit Financial Services Limited Complaint at NSE

Entity

2023-22

2023-21

2019-20

Defaulter

No

No

No

Number of active clients

215,152

201,219

163,759

Number of complaints received

18

70

42

Resolved through the exchange

9

55

36

Non-actionable

5

12

0

Advised/Opted for arbitration

0

0

2

Pending for redressal with exchange

3

3

4

No. of arbitration filed by clients

0

1

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

1

0

 

Geojit Financial Services Limited Complaint at BSE

Entity

2023-21

2019-20

2018-19

Defaulter

No

No

No

Number of active clients

42,327

42,149

34,413

Number of complaints received

5

9

8

Resolved through the exchange

4

9

8

Non-actionable

0

0

0

Advised/Opted for arbitration

0

0

0

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


Yes, Geojit offers you to invest in Sovereign Gold Bond which is far better than investing in physical gold bond.
Exploitation of the price discrepancies seen in different exchanges or in the spot market result is the making profit by entering with the opposite positions of the same contract.
• Form A2 is required along with a declaration form: As per the FEMA rules and regulations, form A2 is required every time to declare the amount that is to be transfer abroad. Within the LRS fillings, your bank will file this for you and Stockal automatically fills this for you, only you need to check that all the information is correct or not after that download the filled-in-form, sign and upload it again for your bank to file. • PAN card, address proof.
Currently, Geojit Financial Services Limited does not provide the facility of Algo Trading on its platform but we will update you once the broker will start the algo trading facility on its platform.
Yes, Geojit Financial Services Limited offers free research and recommendation services to their clients.
Yes, Portfolio Management Services (PMS) are available in Geojit Financial Services Limited platform.
Yes, Geojit offers After Market Order (AMO) facility on its platform.
Yes, you can apply for any IPO by using Geojit platform and you will get the information about upcoming IPOs, IPO opening & closing date, allotment date, face value, equity share price, company’s background & financial assets etc. on this platform.
Hedging is considered as a risk management strategy in which trader used to take equal and opposite position in futures market to avoid the risk of loss due to fluctuation in prices in the share market.
You can invest in US market by using Geojit platform, you need to open ab account on Geojit, powered by ‘Stockkal’. Your brokerage account will be created with Geojit’s US partner for clearing services ‘DriveWealth’. After document verification, it will take 2 business days to open your account. After opening your account, you need to transfer money into your brokerage account from your domestic account and now you can invest in US stocks. You can also take the extensive research and support available on the platform.
Yes, NRIs are allowed to trade in share market by using Geojit platform. You need to open NRI demat & trading account on Geojit which is a very easy process.
No, short selling is not permitted under Margin Trading Funding (MTF) whereas you can buy in MTF and sell on the same day itself.
No, Geojit Financial Services Limited only offers 2-in-1 account to resident Indians and NRIs i.e. Geojit demat & trading account and Geojit NRI demat & trading account.
Debenture is a kind of bond issued by a company with no collateral. It is a type of debt instrument which has a term usually greater than 10 years and backed only by creditworthiness and reputation of the issuer.

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