8 YearsIntrest Not Found - IDBI Bank's Deepdiscount Bond 96
Subject---- DEEP DISCOUNT BOND-96 on 13.03.96 ; the Folio No.-----FDDB1513726;.
I had made the investment in the IDBI bank in deep discount bond. The policy was that after the investment of 5’300 in 1996
I would get a matured sum of Rs 10’000/- in the year 2000 on 1st of august., Sum of Rs :- 25’000/- in the year 2006 on 1st December., Sum of Rs:- 50’000/- in the year 2011 on 1st September., Sum of Rs :- 1’00’000/- in the year 2016 on 1st june., sum of Rs :-- 2’00’000/- in the year 2021 on 1st april.
However the company scrapped the policy on 1st August 2000 & they did not send any intimation at my address. A friend on 12th May 2008
informed me that this bond had been discontinued. On checking with the bank on 16th May 2008. they have sent me a cheque of Rs 10, 000/-only on 5th June 2008
Request you to advise the bank to at least give me the interest on my money which was with them till May 2008.
They should at least pay the interest on the money which was with the bank till 2008 ie. 8 years.
The bank did not intimate me so they should at least pay the interest at the bank rate. I have written to the bank on 16 May 2008 also,
enclosing the photo copy of the letter.
Request you to help me .
Radhey Shyam Sharma.
Number of Bond-1
Distinctive No. 001576009
Certificate No .01576009
RZ 806A/8 Near Railway Line Road, Gali NO.16
Sadh Nagar, Palam colony New Delhi 110045
Phone No. 09312528409, 09990116067, 09818727039