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Indian Bank Mutual Fund

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Indian Bank Mutual Fund Complaints & Reviews

Indian Bank Mutual Fund - non receipt of redemption amount

User
 ramakotireddy yerreddu on Jun 18, 2013
I bought 1000 units of indprakash plan b sponserd by IBMF. At the time of bigening they promissed topay rs30.32 per each unit after redumption in1999.But in 1999 they refused to pay the promissed amount dueto the bad performance of the scheme.They neglected the SEBIsdirections and challenged them in the court and got the verdict in their favour by misleading the court.I wrote many times to the IBMF, but they are refusing to pay the amount with interest. So my humble reqest is,please direct the IBMF to pay the amount with interest. thnking you sir yours sincierly, yrkreddy....
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