We have very bitter experience with Birla Power Solution Ltd FD scheme. WE had invested our surplus savings in its FD scheme. We had no complain with the company till March-2012. From the beginning of this FY 2012-13 the practice of sending Advance Interest Warrant for running year was discontinued. The half yearly interest falling due on 30.09.12 is still not paid after more than 3 months delay. Several phone calls were made both to Registrar and Corporate office , but were never properly replied. Emails were also sent to both the offices but were never responded. We are worried that if company is not in position to pay the interest on FD than how will they repay our principal amount on maturity. Hence we request to your forum to timely interfere in this matter and find proper solution to save the valuable savings of thousand of FD holders who have blindly trusted on "YASH BIRLA GROUP" run by them after the exit of "GREAT GREAT BIRLAS".
Hemendra Shah - [protected] Was this information helpful? | 
Rohin Malavi, Mumbai
Non Payment of Interst on FD
We have very bitter experience with Birla Power Solution Ltd FD scheme. WE had invested our surplus savings in its FD scheme. We had no complain with the company till March-2012. From the beginning of this FY 2012-13 the practice of sending Advance Interest Warrant for running year was discontinued. The half yearly interest falling due on 30.09.12 is still not paid after more than 3 months delay. Several phone calls were made both to Registrar and Corporate office, but were never properly replied. Kindly help us on how to get the interest amount till date and how can be done to get fd principal amount prematurely as since the company has not paid interest will they repay principal amount. There will be many who had invested in the name of birla and now got stuck