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First Demat Complaints (Exchange Data)

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Discount Broker Clients: 500 Since 2026 NSE · BSE · MCX
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Written By: The Top Stock Broker Last Updated: SEBI data verified

First Demat complaint record

Every Indian broker must disclose complaints filed against it at each exchange. The ratio matters more than the raw number — a broker with more clients naturally logs more complaints.

ExchangeFYClientsComplaintsRatio
NSE2025-265,00,000800.016%
NSE2024-254,20,000750.017%

How to file a complaint

Raise it with First Demat customer support first and keep the ticket reference.

If unresolved in 15 days, escalate to the broker's grievance redressal officer.

Still unresolved — file on SEBI SCORES (scores.sebi.gov.in), the official investor grievance portal.

You may also approach the NSE / BSE investor grievance cells directly.

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More about First Demat

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