[Resolved] Reliance Power — refund not received 50 days passed

[Resolved] Reliance Power — refund not received 50 days passed

A avdhesh baheti from Indore, Madhya Pradesh

Dear Sir/Madam, I had applied for 225 Shares of Reliance Power Ltd through their IPO. The application no.is 7497768 I had issued a IDBI Bank at par cheque of the full amount and opted the option-II of the IPO. 16 shares were allotted to me but the refund of the balance amount has not yet been made. I have also checked on the website of Karvy but it doesn't shows any refund order details.I have inputted the necessary information and requested to mail the detail on my e-mail id.It was mentioned there that the detail will be sent to you in 3 days time.But I haven't received any such information. You are therefore requested to please look into the matter for refund of my money alongwith interest. Do the needfull on URGENT basis. With regards Avdhesh baheti C/O M.L. Baheti 47, kamla nehru road freeganj, ujjain (madya pradesh) Mobile: +91 [protected] e-mail-id: [protected]@gmail.com Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Comments

colonel R C Verma

from Delhi, Delhi

our clients require sympathetic handling who's money is blocked.there are communication gap because of large nos applying for allotment.there should be printed letters posted at once and use e-mail/ecs/micr extensively used.After SEVEN days a letter was delivered.
there is need to develop software which will take care of information and posting of 1000 clients batches and banking, its opr queing problem in mgmt. there was no need of refund if tendered exact amount.why 25858/was asked for?225 shares which increased & burdened karvy for superflus work.