Speaking to various employees at the branch level in Karvy Stock Broking, we realised that KSBL simply refused to allow any transactions — be it online trading, transfer of securities or even withdrawal of funds from the demat account — citing a forensic audit last week. Though the said personnel clarified that these restrictions would be lifted from this week, the on-ground reality is not known.
Investors can, upon being denied access to withdrawals, etc, file a complaint with the exchanges. Appropriate action will however be taken by the exchanges only after a said number of complaints are filed.
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