You check your trading account statement late at night, hoping everything looks normal. Instead, you see numbers that don’t match what you expected.
Your brokerage should be Rs. 5 per order, but it’s Rs. 20. Or maybe you were promised free first-year access, yet Rs. 431 shows up on your bill.
That sinking feeling in your chest? That’s the moment you realize someone charged you more than they should have.
And if you’re reading this, it’s probably because bajaj financial securities excess charges hit you too hard.
In this blog, you’ll learn exactly what these excess charges are, how to spot them before they steal more of your money, and the simple steps you can take today to get your money back.
Bajaj Financial Securities Brokerage Charges
Bajaj Financial Securities Limited (also called Bajaj Broking) is one of those big names in Indian stock trading.
They let you buy and sell stocks, trade in futures and options, open a demat account, and even invest in mutual funds.
They have a clear information on brokerage charges which is easily accessible on their website.
But here’s the truth: many users have faced brokerage churning or excess brokerage issues with Bajaj. That means they got charged more than what the standard fee says.
If you don’t know this yet, brokerage churning in stock market is completely unethical. It’s when a broker makes you trade too much. Not because it helps your portfolio, but because every trade earns them more money.
They care about their brokerage, not your profit. That’s not investing. That’s being used.
And now, let’s move to what real people are saying about this problem.
Bajaj Financial Securities Excess Charges Complaints
Before you read the complaints, you need to know where this data comes from. It’s not random Facebook posts or angry tweets.
This is official data from NSE (National Stock Exchange).
NSE keeps a public record of every trading member, including how many clients they have, how many complaints they’ve received, and what those complaints are about.
Now, here’s the key part: excess brokerage complaints fall under Type 5, which is the “service-related” category.
This includes things like unauthorized charges, wrong billing, delayed refunds, and brokerage that doesn’t match the agreed rate.
Have a look at the table given below to understand the exact complaints regarding excess charges:
| Year | Total Clients | Total Complaints | Excess Brokerage Complaints |
| 2023 | 31800 | 23 | 9 |
| 2024 | 49243 | 70 | 25 |
| 2025 | 59945 | 80 | 35 |
Look at this: in 2023, just 9 investors faced excess brokerage with Bajaj. In 2024, it jumped to 25. By 2025, it hit 35.
Service-related complaints are growing faster than the client base itself. So, when you see “Type 5 – Service Related” with excess charges listed, it means regulators know this is a real problem.
It’s not just you and not a glitch. But a pattern that the NSE is tracking.
And if your complaint matches this category, you have strong grounds to fight back.
Spot Bajaj Financial Securities Excess Charges: Red Flags To Watch Out For
You might be wondering: “Am I actually being charged extra, or am I just confused?”
Let’s make this crystal clear: If you’re dealing with bajaj financial securities excess charges or brokerage churning, here’s what you’ll likely see:
- Trades Happening Without Your Permission: Waking up to see buy or sell orders you never placed is a major red flag for Bajaj Financial Securities unauthorized trading. If someone else is trading on your behalf just to generate commissions, it’s illegal and needs to be reported immediately.
- Too Much Buying and Selling: Your account shows dozens of trades every week, but you never asked for that. Your strategy was long-term investing, not daily gambling.
- Broker Focuses on Generating Brokerage, Not Your Profit: They push you to trade more, more, more. Not because it’s good for you, but because every trade puts money in their pocket.
- No Clear Communication About Charges: You call about the extra Rs. 500 on your bill, and they say “it’s a system error” or “check your pack.” But they never send written proof.
If any of these signs feel familiar to you, stop waiting. This isn’t normal. This is not how a broker should treat you. It’s time to take action.
How to File a Complaint Against Excessive Brokerage Charges?
Okay, you’ve seen the signs. You know something’s wrong. Now what? Don’t panic. You don’t need to be a lawyer or a finance expert.
Just follow these four steps:
Step 1: Gather All Your Evidence
Open your trading app or statement. Download every document: trade confirmations, brokerage invoices, SMS alerts, email notifications, and chat logs with your broker.
Note down the exact date, trade ID, and how much extra you were charged. Print it out. Save it on your phone. This is your proof.
Step 2: Ask Your Broker for a Written Explanation
Send a formal email to your broker’s customer care or branch manager. Say something like: “I was charged Rs. 20 for an F&O trade when my Professional Pack says Rs. 5.
Please explain this discrepancy in writing.” Most brokers will fix it at this stage if you show clear proof.
Step 3: File a Complaint on SEBI’s SCORES Portal
If your broker ignores you or gives a vague answer, go to SEBI’s SCORES website. Register your complaint, upload all your evidence, and select “excess brokerage charges” as the issue.
SEBI will send your complaint to the broker and track their response. You’ll get updates on your email.
Step 4: Arbitration in Share Market
If SCORES doesn’t work, you can take it further. Both NSE and BSE have arbitration systems.
You submit your case, the broker submits theirs, and an independent arbitrator decides who’s right.
You Don’t Have to Fight This Alone. We’re Here to Help!
If you’re stuck with bajaj financial securities excess charges or suspicious activity in your account, you don’t need to handle it by yourself.
You don’t have to guess what to do next. You just need to register with us.
Our team will guide you through every step: collecting evidence, writing the complaint email, filing on SCORES, and even preparing for arbitration.
Register with us and we’ll get back to you within 24 hours.
Conclusion
Excess charges from Bajaj Financial Securities aren’t just small billing mistakes. They’re a betrayal of trust.
You opened your account expecting fair, transparent pricing. Instead, you got charged more than agreed.
But here’s the good news: you don’t have to accept it. You’ve learned what the standard charges should be, how to spot the warning signs, where complaints are officially tracked, and the exact steps to file a complaint.
SEBI and the exchanges protect investors from unethical practices like this.
Your money matters. Your trust matters. And if someone took more than they should, you have every right to get it back.
Start today. Don’t wait.
Frequently Asked Questions
1. What exactly are bajaj financial securities excess charges?
Excess charges mean you were billed more than what Bajaj’s official fee structure or your subscription pack promises. For example, Rs. 20 charged instead of Rs. 5 for an F&O trade when you have the Professional Pack.
2. Is brokerage churning something brokers do legally?
No. Brokerage churning is completely unethical and violates SEBI rules. It’s when a broker forces too many trades to earn more brokerage, even if those trades hurt your portfolio.
3. Where can I find official complaints against Bajaj Financial Securities?
You can check the NSE website, which publishes complaint data for all trading members. Excess brokerage complaints are listed under Type 5 (service-related).
4. How do I file a complaint for excess brokerage charges?
Start by collecting evidence, then ask your broker for a written explanation. If they don’t fix it, file on SEBI SCORES. If that fails, apply for arbitration through NSE or BSE.
