It is a well known fact that while our netas preach socialism and quotas, our establishments pursue a die-hard profit maximisation principle resulting in their willing to do anything to earn the fast buck. So HDFC, Karvy thought and did what they felt is right - maximise returns (sales) through the dirty route.
Problem with India is not only the dichotomy of principles being followed but also the lack of implementation of laws and rules. If banks etc have been following the rules and codes, how come we are once again noticing the rebirth of another scam ??
Wondering what kind of education you have had to be unaware of a simple fact that YOU MUST NOT SIGN unless and until you know what your signatures are asked for. You need to sign a good 8 times on the demat account opening form from HDFC Bank. And how come you have just signed up blindly these many times !!!!!
And now I wonder how far its correct to crib in such a cheap for a meagre amount of Rs.500/-. And also if you were really disappointed by the way you were treated by the branch manager of the branch you have visited, let me tell you that there is a much easier way of dealing with such greivances by just writing into the support of the bank. But like i said that i have my doubts about your educational background I am not surprise to make out that you would not know of such a way. Its very easy to pass a comment. So next time do try and find out where you have faultered and then "Crib"