Scam or fraud: Axis Bank — Non Transmission of shares

Myself had a joint demat, savings a/c with my father who has passed away last year and he was the primary holder for the demat account. Since then I am trying to transmit the shares since last October’ 2016 (6 months now) and there is no status as of now. I used to get the feedback that the transmission is in progress and NSDL is taking some time, etc. Just to transmit the shares, I had to open a new savings, demat, trading a/c, I did those as and when whatever was asked to do.

It’s two months, documents have been submitted at your branch office at Purulia for transmission of shares, before that I had to open my own savings a/c, demat account. I was in almost bi/tri weekly follow up with your Dubai representative.

However last 3 weeks there are no update from the side of Axisdirect/Demat. Dubai representative also do not have any clue or feedback.

Even the nodal officer, principal nodal officer including the MD cum chairman, do not respond, neither acknowledge my email.

Truly speaking I wonder how Axis Bank is still surviving with this kind of poor professionalism and culture.

I feel pity on your organization.

I understand it’s a blunder to remain as a client of yours. It would have been better as suggested by one of your staff to sell off the shares and close the savings a/c. Really it’s a pain to do banking with your bank.

As of now at least the minimum I am requesting to transmit the shares so that I can sell those and close the banking with Axis Bank/ Direct.

Thanks
Pradyot
00971-55-6775725