Reliance Money Software Glitch Causes Huge Loss
Monday, May 28, 2007Reliance Money, the e-Trading arm of ADAG has too many bugs in their online trading software which has causes huge loss to investors.
A customer, said that he sold 10,000 shares of Reliance Natural Resources (RNRL) at a profit and still his ledger balance was showing a debit :-(
Other Common Glitches Faced by Investors are as follows,
- Limit based orders have disappeared.
- Executed Order confirmation given on next Trading Day [They should be given the next second]
- Franchisees admit to problems in software
- Transferring amount from UTI Bank to Reliance Money takes 4 days. JeeZ!!!
HDFC Bank is another bank which doesn't understand the Online Banking needs of the User.
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