[Resolved]  Reliance Mutual Fund — Illiagly Withdrawn Extra money From my Bank Account Through SIP

Sub : Stop of ECS Mandate and Refund of Excess Amount Wrongly processes By You As SIP Instalment with Interest @24%


Dear Sir,


This is refrence my application for the investment under Quartly SIP vide Folio No [protected] in Reliance Diversified Power Sector Fund – Retail- Growth Plan
I had given the Instruction that my SIP should be carried out on quartly basis for Rs 2500/- for the investment in aforesaid Scheme. When I Received the Account statement from Reliance Mutual Fund and Account statement From My Bank I Found that you are deducting the SIP Instalment as Monthly Basis. Therefore I Instructed to Reliance Mutual Fund to deposit the SIP on Quartly Basis Which Clearly Mentioned In application Form and ECS Mandate Form. In this way you have taken out 6 Instalment on Monthly basis of Rs 2500/- each when as you ought to have deducted only 3 Instalment.

You therefore liable to refund my extra money of Rs 7500/- with Interest @ 24% which you have Illegally Withdrawn from my Bank account and also the Bank Charges which
My Bank debited from my account for Rejection of Previous SIP Instalment.

You are Advised to Immediately refund the Amount with interest @ 24% and Stop my ECS Mandate As soon as Possible failing which liable action will be taken against you



Regards



Yours truly,


Vinay Sharma
77 / 2, Block- A
Ashok Nagar
Shahdra
New Delhi – 110032
Mob : [protected]