[Resolved] ICICI Direct.com / Link Intime - Tata Motors Fixed Deposit — Pathetic service by Link Intime,ICICIDirect.com for Tata Motors Fixed deposit | |||
I had invested in Tata Motors FD through ICICIDirect in April 2009 for 1 year. The rate of interest promised to me was 10% plus additional 0.5% as I was holding Tata Motors shares at that time. I'm currently in USA on a project deputation. Today, I was told by my father that he has received a cheque of amount Rs.9858 on his name. I don’t know why the cheque has been issued on my father's name At the time of subscribing to this scheme, I had chosen auto-credit of interest and principal amount to ICICI Bank account which is linked to my ICICIDirect account. Also, the tenure of my deposit was 1 yr.; I have no information about my principal amount. I don’t want to auto-renew it. Last week I received an email from ICICIDirect asking me whether I want to renew my FD, to which I replied back saying I don’t want to renew. I didn’t receive any communication after that. I have no clue where my money is is right now? I really don’t expect such a poor service from ICICIDirect. I'm really feeling unsure about Link Intime's capabilities to handle such matters keeping in my previous experience with one of other fixed deposit. Request / Suggestion to all - Never ever use ICICIDirect.com to open a fixed deposit and especially if its registrar is Link Intime.Both of them are highly incompetent and will make you run door to door once you lock your money with them. Any escalation made to the highest possible officer with them didnt yeild any results. one word best describe them - PATHETIC Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 1 Comment | |||
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FD with Tata Motor — Poor service
Hi,I am a senior citizen and opened a FD with Tata Motors last year thinking that i will get better interest and good service from this company. My FDR was due on 6th May, considering this i couriered my FDR to their registerer ( Link In, Mumbai) on 5th Apr'10.
Till 15th May, i did not got anything then on 16th May, i have received just Interest cheque which also addressing wrong bank account number. Due to this i have to send this back and sent a letter about my prinicipal amount. I have received my interest cheque with correct account number during last week of May but there is no news of my Prinicipal amount. I called them around 3 to 4 times, everytime they are telling tomorrow they are going to send.
Now, yesterday i have received the cheque ( after one month of due date) but fun is this cheque again having the wrong account number means i can't encash this.
This is too much.. In case company want to use my money for more time without paying me interest they should say openly. Why they are taking this dirty route to utilize the money without paying interest.
I want the interest for additional period on my prinicipal amount. My FDR# is 214477.
Regards
Amolak Singh
[protected]@yahoo.com