Quick answer. Log in to scores.sebi.gov.in with your PAN, file your complaint online, and the regulated entity has 21 calendar days to respond. If the response is unsatisfactory, you have 15 days to request a first-level review by a Designated Body (NSE or BSE), and another 15 days after that to escalate to SEBI itself. Unresolved disputes can move to SMART ODR at smartodr.in for conciliation and arbitration.
This is a citizen guidance page. It is not an official government, SEBI, or regulatory page.
For the full legal background on investor rights and grievance law, see SEBI SCORES and SMART ODR - full investor grievance guide and mutual fund and demat grievance guide.
SCORES stands for SEBI Complaint Redressal System. SEBI launched SCORES 2.0 on 1 April 2024, replacing the older portal. It is an online platform at scores.sebi.gov.in where any investor can lodge a grievance against a SEBI-regulated entity - a stock broker, depository participant, mutual fund, listed company, portfolio manager, or any registered intermediary. The 2.0 upgrade cut the resolution deadline from 30 calendar days to 21, introduced auto-routing of complaints to the correct entity, and added two levels of review if the initial response is unsatisfactory.
You must first raise a complaint with the intermediary itself. Only if the response is delayed, incomplete, or unsatisfactory should you escalate to SCORES.
Registration is tied to your KYC-linked mobile number. If your mobile number is not updated in KRA records, update it with your broker or depository participant first.
Important: complaints must be lodged within one year from the date the cause of action arose. Complaints filed after this period may be rejected by SEBI.
SCORES does not accept grievances sent by email. All complaints must be submitted through the portal or the SCORES mobile app (available on Android and iOS).
Once your complaint is registered, the regulated entity has 21 calendar days to submit an Action Taken Report (ATR) to you through SCORES. The system sends automated reminders to the entity on day 10 and day 15.
If the entity misses the 21-day deadline, the complaint is automatically escalated to the relevant Designated Body (a stock exchange or other market infrastructure institution) for first-level review. You do not need to do anything to trigger this.
Track the status at any time by logging in with your complaint registration number.
If the entity submits an ATR within 21 days but you are not satisfied with the response, you must actively request a first-level review:
If the Designated Body itself fails to submit its response within 10 calendar days, the complaint is automatically escalated to SEBI for second-level review.
If you are still dissatisfied after the Designated Body's first-level review, request a second-level review within 15 calendar days of receiving the Designated Body's ATR.
SEBI then reviews the complaint directly. There is no fixed statutory deadline on SEBI's side for completing second-level review, but the matter is now escalated to the regulator.
Under Section 15C of the Securities and Exchange Board of India Act, 1992, any listed company or intermediary that fails to redress investor grievances after being directed to do so by SEBI faces a financial penalty.
If the SCORES process has not resolved your dispute, or if the regulated entity itself has failed to resolve your complaint, you may file a dispute on SMART ODR at smartodr.in. SMART ODR is built and operated jointly by seven Market Infrastructure Institutions: NSE, BSE, MSE, CDSL, NSDL, MCX, and NCDEX.
Key rules when moving to SMART ODR:
The SMART ODR process moves through three stages: amicable resolution by the assigned MII, then conciliation if the first stage fails, and then online arbitration if conciliation does not resolve the dispute.
No. SCORES is for service complaints and misconduct - for example, funds not returned, shares not transferred, or a demat charge levied without authorisation. A loss from a market price movement is not a complaint under SCORES. If you were misled by an unregistered advisor or a Telegram-channel tip, that is a separate complaint category (investment fraud) that SEBI also handles.
You cannot complete OTP verification during SCORES registration without the KRA-linked mobile number. Contact your broker or depository participant to update your mobile number in the KYC records before you file.
Yes. Filing on SMART ODR while a SCORES complaint is active causes the SCORES complaint to be treated as disposed. You cannot re-activate it. Only move to SMART ODR if you are confident the SCORES route has run its course or if you prefer the arbitration mechanism.
You must file your complaint on SCORES within one year from the date the cause of action arose - meaning the date of the event that caused your grievance. SEBI may reject complaints filed after this one-year window.
If the complaint has been escalated to SEBI (a public authority), you can file an RTI request to ask for the status of action taken on your complaint, the reasons recorded, and the officer handling it. Do not use RTI as a substitute for the SCORES review process where a statutory review route exists.
Yes. The SCORES mobile app is available on Android (Google Play) and iOS (App Store). You can register, lodge complaints, track status, and request reviews through the app. SEBI also operates a helpline at 1800 266 7575 (toll-free, 9 AM to 6 PM, excluding holidays).
For a practical walkthrough of using government portals and rights under public authorities, see The RTI Playbook.