Regards Angel..... had a horrific experience 2 years back
I had a certain amount in my account.
One day called up to confirm balance.
Late evening that day, logged in on back office to see my balance at 500 rs
Got terirfied!
Panicked!
Then called up their office. They have a commodities section also, so office was open at 9 pm
Someone checked and said call back in 15 mins.
Longest 15 minutes of my life
Then called and that guy said, there is a cheque in your name for the amount at front desk. The morning guy had misunderstood my call for balance checking and prepared a payout cheque.
I said am coming in 30 mins to collect cheque. He said collect in morning
Next morning I landed up at 9:30 am... asked for the cheque. That guy just handed over the cheque WITHOUT ANY PROOF OF IDENTIFICATION
So, moral of story, according to me is that your money is not safe at Angel. Anyone who knows your account number can call and ask for payont cheque, collect it, go to some village sahkari bank and open an account with 25000 rs cash. They will open the account even in the name of manmohan singh if you want... and cash the cheque! Bye Bye money!