[Resolved]  Industrial Development Bank Of India — LESS REDEEM AMOUNT PAID BY BANK

Address:

Indore, Madhya Pradesh

My Father purchased IDBI Deep Discount Bond - 1998 A on 19.11.1998 worth Rs. 10,000/-. Regd. Folio No. is IDF 035927 and Certificate No. is 260318
As per the terms and conditions of Bond the Face Value of Bond is Rs. 1,00,000/- on 16.05.2016, but there is one more condition that the Holder of this Bond/ IDBI shall have option to redeem the bond on any of the following dates at deemed face value mentioned below :

Date Period from the date of Allotment Deemed Face Value
November 16, 2005 7 Years Rs. 25,000/-
February 16, 2011 12 Years, 3 Months Rs. 50,000/-

in view of above i have never applied in 2005 for redemption of Rs. 25,000/- and i recently applied to IDBI on 21.07.2012 to redeem the amount of
Rs. 50,000/- as per the above conditions, but IDBI is paying only Rs. 25,000/- to me
Request to please look into the matter and resolve the case and please get Rs. 50,000/- for me as redemption amount

Thanking you
Your Faithfully

Narinder Kaur
Indore,
Cell No. : [protected]