3i Infotech Limited Complaints & Reviews

Dear Sir
I am an holder of ICICi safety money multiplier bond from May 1999.
Now I have received a letter from 3i Infotech Limited, asking me to submit my bond for redemption, through email which I have submitted on 16th March immediately after the receipt of their letter.
I have not received any intimation or receipt from them, so I went to their office on 4th April 2023 which happened to be a bank holiday, but there...

TDS @20% has been deducted against the interest earned on the Bond for non submission of Pan card details. KYC documents along with original Bond papers have been couriered to the address mentioned on the correspondence letter sent to Bondholders.

There are no direct contact/ email ids were such concerns can be raised for fast resolution. Would appreciate if the TDS can be deposited against Bond holder's Pan number. Email also sent to [protected]@icicibank.com on 2Jan2023 with all documents.

We hold 2 nos. Children growth bond072001-cgb the details of which are as below:

Bondholder No.[protected] Option : II
Issue price per bond Rs. 5000 face value per bond: Rs. 40, 000
Deemed date of Allottment : 28.08.2001 redemption date : 28.08.2022

Certificate No. 1706
Names of bond holders : Aishwarya Deepak Bhide
u/g Deepak Vasant Bhide
Deepak Vasant Bhide
Varsha Deepak Bhide
No. Of bonds : two
Distinctive nos.[protected]
Scrip code : BSE : 160672 NSE : ICICI0801

please refer your communication vide letter no. Obj/icici bank ltd/cdsl/9199 dated january 20, 2021 vide which our demat request for these bonds have been rejected.

The request has been rejected quoting the following reason : "rejection code 30 - incorrect holder(s) name / pattern"

in this regard, please guide us in the following issues :

considering mandatory dematerialisation, when we have tried to dematerialise the bond certificate with reliance securities limited, the request has been rejected quoting the following reason : "rejection code 30 - incorrect holder(s) name / pattern"

in the same communication, it is mentioned as follows:

"As Aishwarya Deepak Bhide has attained the age of majority, arrange to forward us demat account in the name of Aishwarya Deepak Bhide jointly with Deepak Vasant Bhide and Varsha Deepak Bhide alongwith the following documents : Copy of Birth Certifiate of Aishwarya Deepak Bhide duly atested by the banbk manager / notary public, self attested copy of pan card and aadhar card of aishwarya deepak bhide, signature of Aishwarya Deepak Bhide duly attested by the bank manager with his name, employee code, telephone no., email id and account no. Of the bondholder(s), cancelled cheque bearing name of Aishwarya Deepak Bhide."

in this regard, it is in contravention of the principle of majority that Aishwarya Deepak Bhide has attained since she has produced her demat account details in the name of Aishwarya Deepak Bhide which she holds with reliance securities limited.

In this scenario it is surprising that even after her attaining the age of majority, demat account in the name of Aishwarya Deepak Bhide jointly with Deepak Vasant Bhide and Varsha Deepak Bhide is being enforced upon us.

We are already in possession of 3 different demat accounts and we do not intend to open too many demat accounts, which seems to be the case here as otherwise we will be forced to open a demat account in the name of Aishwarya Deepak Bhide jointly with Deepak Vasant Bhide and Varsha Deepak Bhide as also a bank account in the same sequence, which is again a burden upon us as we already hold more than sufficient number of bank accounts.

You are therefore requested to consider the demat account in the name of aishwarya deepak bhide in order to dematerialise this bond certificate, please.

Further, there is no responsible person to talk over this entire simple matter with, so it is requested to provide us with a telephone number over which we can deliberate upon and get the certificate dematerialised.

You may please contact on the following numbers in this regard for further guidance :

Deepak vasant bhide : [protected]
Aishwarya deepak bhide : [protected]

Regards. Sincerely yours,

Deepak Vasant Bhide
father, Aishwarya Deepak Bhide

Unit - icici bank bond
Children growth bond 022002 gb dated - 27/03/2002
Issue price - 5000/-
Folio no.[protected]
Certificate no. -520
Name - aeshna gupta u/g mrs. Sangeeta gupta

I attend majority on 25/08/2015. Therefore i request you please let me know the documents required by you to change my status, so that redemption cheque may be issued in my name solely to avoid any i/t problem.

Let me know the present status of the said bond.

Regards

Aeshna gupta
U/g mrs sangeeta gupta
Mobile no.- [protected]
Email id - [protected]@gmail.com
Date - 16/06/2017

Dear Sir,

I have purches 1 bond of icici money multiplier bond at 1999 maturity date 03/03/2017 so after maturity i contact icici bank customar care as per bank guide line i am contact to 3i infotech limited (mumbai) as per 3i infotec req all document (with my addresh change application)courier send on 28/3/2017
and many follup in 3i infotec but till date answer is in verification process so pl do the needful as early as possibal and i am also attache with bond soft copy for more detail.