[Resolved]  UTI Mutual Fund — UNPAID DIVIDEND YEAR 2011

Address:Mumbai Suburban, Maharashtra

Sir, I am re-submitting my complaint with UTI Mutual Funds with high respect belief on the Forum. I am an NRI from Saudi Arabia and I am holding 1,514.215 Units o[censored]TI Dividend Yield Fund. I had requested UTI Mutual Fund, Kalyan Office to change my bank mandates from HDFC Bank to State Bank of India, Kalyan Murbad Road Branch, Kalyan, in May/June 2011, but they had lost my request itself. During my recent vacation in May/June 2012, I had surprisingly seen a letter sent by their Registrar & Transfer Agents - Karvy, requesting me to re-submit my request with all supporting documents and I did so. In the meantime, they had declared and transferred my Dividend Warrants for year 2011 (Rs.1,901.11 + Rs.1,520.89 = Rs.3,422/-) to my closed and inoperative Bank Account with HDFC Bank. When my request for changing bank mandates is already available in their office, how did they transfer my Dividends for year 2011 to my closed bank account? Therefore, I would respectfully request the Forum for insisting UTI Mutual Fund to reimburse my above Dividend Warrants, as soon as possible.

Please note that I have invested my hard earned money. So, I should get my Dividends wrongly credited to my closed account with HDFC Bank, as soon as possible.

Due to their negligence, I have lost my faith on UTI Mutual Funds.

Best regards,
V. S. SURESHKUMAR
C/o. Nesma & Partners Contracting Co. Ltd.,
P.O. Box 1498
Al-Khobar 31952
Saudi Arabia
Mob # [protected]
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Aug 13, 2020
Complaint marked as Resolved 
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Dear Mr. Sureshkumar,

We have seen your above query and wish to inform you that the reply has been sent to your email ID.

Regards,

For, UTI Mutual Fund, Dept of Operations

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