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How to escalate a complaint against a stock broker

My broker is not resolving my complaint. How do I escalate it?

Take the complaint to the broker first. If it rejects the complaint or does not reply, lodge it on SEBI's SCORES platform within one year of the cause of action (SEBI circular of 20 September 2023). The broker has 21 calendar days to resolve it and upload an action taken report.

If you are unhappy with that report, ask for a review within 15 calendar days. The designated body sends a revised report within 10 calendar days. A second review, again asked for within 15 days, goes to SEBI.

You can move to online dispute resolution on SMART ODR at smartodr.in at any point, and SCORES then treats the complaint as disposed. ODR runs conciliation first and online arbitration if that fails. SCORES does not take a matter already before a court or pending in ODR.

The route checker gives your SCORES dates from the day you complained.

Work it out for your own caseUse the Bank, Credit Report and Investor Complaint Route. It is free and nothing you enter is stored.

If this is where you are

My bank or lender is holding my property papers, letting agents harass me, or has not given back money from a transaction I did not make or that failed.

Bank dispute letter that cites the RBI rule

A letter to the bank that cites the RBI rule it has to follow, with your dates, and a sheet with your deadlines and the Ombudsman window.

  • The letter for your problem: release of my original property documents after loan closure, harassment by recovery agents, unauthorised electronic transaction, or failed transaction not reversed in time
  • Before you send

₹299₹499

Launch price until 30 November

See your document before you pay

Common questions

What does SCORES need from me?

Name, address, email, PAN, mobile number and date of birth, with up to 10 attachments.

Is there a SEBI helpline?

Yes, toll-free 1800 266 7575 or 1800 22 7575, from 9 am to 6 pm.

  • Source: SEBI circular SEBI/HO/OIAE/IGRD/CIR/P/2023/156, 20 September 2023: entity replies in 21 calendar days, review in 15 and 10, lodge within one year of the cause
  • Source: SEBI's FAQ for investors on SCORES, October 2024: timelines, what SCORES does not take, helpline
  • Source: SEBI Master Circular for Online Resolution of Disputes in the Indian Securities Market, SEBI/HO/OIAE/OIAE_IAD-3/P/CIR/2023/195 (updated 28 December 2023)

Want this handled for you? Tell us where you stand and we prepare the papers and take you through the filing.