[Resolved]  Uti Children's Gift Growth Fund Unit Scheme 1986 — meager redemption value offered o[censored]nits invested and non receipt of the bond converted from the scheme in 2004

Address:

Buldhana, Maharashtra

meager redemption value offered o[censored]nits invested and non receipt of the bond converted from the scheme in 2004

My father had purchased units in the following names:

name------>Kumari shruti Girish Gangras
unit certificate No----->14 92 46 21 26 03
units invested ------>190
face value----->10 each
maturity date--->[protected]


name------>Kumari BhaktiGirish Gangras
unit certificate No-----> 14 92 46 21 26 04
units invested ------>190
face value----->10 each
maturity date-----> 4-7-2011

In the mean time my father did not recieve any communication/bond .

So on enquiring with UTI Technology services ltd,Shukravar peth pune on Oct 25,2011, we were told redemption value of ech certificate will be @9700 per certificate.

Even after lapse of 25 years the face value now offered/told is too meager i.e original investment of 1900 each to fetch Rs.9700 is non at all commensurate with even normal saving bank's rate offered by the bank.

We are thus feeling disillusioned .

Please confirm and enlighten,whether the calculations told as above are as per scheme or otherwise.

I shall be highly thankful to receive early response.