[Resolved]  6.6% Tax Free Ars Bonds — Non-receipt of redemption cheque and interest

My children are holding 6.60%Tax Free ARS bonds under investor Ids[protected],[protected],[protected],[protected] that matured on 1/04/2009. No cheque of maturity value has yet been received( as on 2/08/2009) and interest for the last six months has also not been received on all and that of one for the period ending oct 2008 also has not been received. Each time I have been filling undertaking forms and getting them attested from the bank in order to claim interest. It is sheer negligence and harrassment on the part o[censored]TI.
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Aug 14, 2020
Complaint marked as Resolved 
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ARS tax free bonds — non receipt of interest

I HAVE 271 ARS TAX FREE BONDS.
THE INTEREST FOR THE PERIOD FROM 01.04.2004 TO 30.09.2005 ( THREE INSTALLMENTS ) HAS STILL NOT BEEN RECEIVED BY ME DESPITE SO MANY REMINDERS .
I WAS INFORMED THAT PAY ORDER HAS BEEN RETURNED BECAUSE OF WRONG ADDRESS WHEREAS ALL OTHER CORRESPONDENCE FROM YOUR OFFICE IS REACHING ME ON TIME EXCEPT THESE INTERESTS.MY PARENTS ARE RESIDING AT THIS ADDRESS FOR THE LAST 40 YEARS.
PLEASE LOOK INTO THE MATTER AND CHECK MY ACCOUNT AND SEND A COPY OF ACCOUNT STATEMENT TO ME.

Special Undertaking UTI — Non Receipt of the Interest on 6.6% ARS Tax free Bonds

I had invested in the UTI Scheme of CGGF - 86 in the Year 1994. However as per the Notification in March 2004, The original units along with the units received on the reinvestment of the yearly dividend were converted into 6.6% ARS Tax Free Bonds. The interest on such bonds was supposed to be paid on a half yearly basis. However i have not received any interest on the same for the period April 2004 till date.
Dear sir,
I Trilok Chand Agarwal would like to inform you that I have not recieved my daughters interest cheque of Rs. 1719=30 for prriod 1/4/08-30/9/08.
Name : - MEENU AGARWAL.
Rep By ;- TRILOK CHAND AGARWAL

Investor Id No.[protected]
Bond Certificate No. 32337970

Kindly do the needful.
Thanks.

UTI — NON RECEIPT OF INTEREST ON 6.6 % TAX FREE ARS BONDS

REFER BOND CERTIFICATE NO 40204270. I HOLD 190 BONDS OF THE ARS BONDS WHICH MATURE IN APR 2009. I HAVE NOT RECEIVED ANY INTEREST EXCEPT FOR THE PERIOD FROM[protected] TO[protected].

6.6% Tax Free ARS Bonds — Misguiding the Bond holder

My niece Ishangi Rana holding 2 ID in the ARS Bonds.
Investor ID NO 1:[protected]
Investor id no 2:[protected]

We had made the application for the change of Bank mandate and revalidation of the returned cheques from the ICICI Bank for the reason that she is minor and her chequqes could not be deposited in her father account.
Twice our application rejected by your ' UTI Technology Service Ltd' .
The reason given in the covering letter was that the signatures were not attested.

Ishangi and her perents are residing at Sohar, Oman.They did attested their signatures from State Bank of Travencore - Manager, where they have the bank account.
I wanted to know from you what do you mean when you are asking for the attestation?

We have done attestation and still you people are rejecting the applivation just bebore the book closer.

This is the pure form of buracratic harresment to the small investors by well paid fat UTI managers.

6.6% Tax Free ARS Bonds — NO-RECEIPT OF REDEMPTION PAYMENT

I regret to inform you that I have NOT repeat NOT received redemption payment of my Bond Certificates Nos.[protected] Bonds);[protected] Bonds); and[protected] Bonds) Investor ID Nos.[protected]; 90680366 and[protected] by ECS in my Bank Account and therefore I have sent you yesterday the Bond Certificates duly discharged/signed by all the Holders for needful/payment of redemption money to me preferably by ECS to my Bank. Thanks.

DEEPAK JOSHI
10TH APRIL, 2009

6.6 TAX FREE ARS BONDS — NON-RECEIPT OF MATURITY PROCEEDS

SUBJECT: NON-RECEIPT OF MATURITY PROCEEDS
REF.: INVESTOR ID NOS.[protected]; 99199229;[protected]; 99205610 &[protected]
BOND CERTIFICATE NOS.: 35568000; 35436791; 35436782; 35568018; 33583796;&
33583800.

MATURITY DATE OF THE ABOVE WAS 1ST APRIL, 2009 AND UTI HAS OUR BANK ACCOUNT NO. AND ECS MCIR CODE NO. ETC. YET TILL TODAY PAYMENT HAS NOT BEEN RECEIVED ON THE ABOVE WHICH IS BADLY AWAITED. UTI NEED NOT ASK FOR REINVESTMENT IF THEIR EFFICIENCY IS NOT UPTO MARK. PLEASE MAKE CUSTOMER SEE YOUR EFFICIENCY IN ACTION AND THEN UTI WILL GET GOOD RESPONSE FOR RE-INVESTMENT. THANKS.
DEEPAK JOSHI AND ADIT JOSHI
APRIL 12, 2009
SUBJECT: NON-RECEIPT OF ARS BONDS MATURITY PROCEEDS
REF.: INVESTOR ID NOS.[protected], 99199229,[protected]; 99205610 &[protected];
BONDS CERTIFICATES NOS. 35568000; 35436791; 35436782; 35568018; 33583796; &
33583800.

WHILE MATURITY DATE FOR THE ABOVE WAS 1-4-2009 AND UTI HAS ON ITS RECORD MY BANK ACCOUNT NO. & MCIR CODE FOR ECS AS THEY HAVE BEEN SENDING ME PAYMENTS OF THE ABOVE BY ECS SO FAR. WE WOULD REQUEST UTI TO MAKE PAYMENT OF OUR MATURITY PROCEEDS ON THE ABOVE BY ECS TO OUR BANK ACCOUNTS THRU MCIR. REASONS FOR NOT DOING SO MAY BE ALSO INTIMATED IF THERE IS ANY DIFFICULTY. THANKS.

DEEPAK JOSHI &
ADIT JOSHI
NEW DELHI

APRIL 12, 2009
Similar is my case. I have not yet received the maturity proceeds with respect to the following ARS Bond Certificates.

1. Investor ID[protected], Bond Certificate No.47595789
2. Investor ID[protected], Bond Certificate No.47595797
3. Investor ID[protected], Bond Certificate No.47004730

I hope UTI would do justice to the investors in time.

Ramachandran A, P.
Bond No[protected] redemtion amount has not so far credited in my bank A/C No[protected]ICICI). On my enquiry at your Vashi (Navi-Mumbai) branch, I was told that the cheque had already been despatched at my earlier address at New Delhi where I am not staying now. Further whereabouts about my cheque could not be clarified by them. I would request you to let me know at my above email address the status of redemption at my above A/C.

UTI- 6.6% Tax Free -ARS Bonds — Maturity and Final Interest not received

Sir, I had sent 3 Bonds for Redemption the details of which are as follows.
NAME OF THE INVESTOR INVESTOR ID NO/BOND CERTIFICATE NO NO.OF BONDS FACE VALUE
Rs.P
J.R.SHIV CHAITHANYA [protected] /34001243 245 24, 500.00
MOTHER & GUARDIAN [protected] /33985762 514 51, 400.00
MEENA RAMASWAMY [protected] /[protected] 54, 400.00

TOTAL 1303 130, 300.00

I have received the payment for Rs 51.400 & Rs 54400/-. But the third one for Rs 24, 500/- is still pending. I have been repeatedly contacting the Chennai Division o[censored]TI[protected] in vain.PL treat this urgent & refund my amount atbthe earliest.

6.6% ARS Tax Free Bonds — Non Receipt of Maturity amount & Interest

Dear Sir,

We are holding 6.6% Tax Free ARS bonds in Name of Rohan Parikh. Investor ID No.[protected] Bond No 42516783 for 262 Bonds & 42516775 for 332 Bonds. These Bonds are matured on 1/04/09 however till date we have not received Maturity amount.

In addition to above the Interest amount of these Bonds has also not paid.

Kindly look into issue and request to arrange for payment of principal as well as interest amount.

Regards,
Girish Parikh

6.6 TAX FREE ARS BONDS — unit cert no 402884238128900

The above certificate was deposited at Lucknow office for payment with Bank A/C details & PAN no. on 16.6.2009. No information or payment has been received so far.
Kindly advise. The ph no[protected] is not replying.

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