[Resolved]  UTI Mutual Fund — WRONG CREDIT OF DIVIDEND FOR YEAR 2011

Uti Mutual Fund — DIVIDEND FOR YEAR 2011

Sir, I am an NRI from Saudi Arabia and I am holding 1514.215 Units o[censored]TI Dividend Yield Fund under Folio #[protected]. I regret to bring to your kind notice that UTI Mutual Funds had wrongly transferred my two Dividend Amounts (Rs.1,901.11 & Rs.1,520.89, totalling to Rs.3,422/- to my closed bank account with HDFC Bank. In fact, I had submitted my request for changing bank mandates from HDFC Bank to State Bank of India, Murbad Road Branch, Kalyan, during my vacation on May / June 2012, but they lost them same and informed me to re-submit my request. I have fulfilled the same during my recent vacation on May/June 2012. When there is pending action against a request for changing bank mandates submitted by their potential customer, how did they transfer my Dividends to a closed and inoperative account? May I request your respectable Form to kindly investigate on the issues and instruct UTI Mutual Funds to refund my unpaid Dividend Warrants of year 2011.

Since there is negligence on their (UTI Mutual Fund) part in handling customer complaints, I have lost my faith on UTI.

Best regards,
V. S. SURESHKUMAR
C/o. Nesma & Partners Contracting Co. Ltd.,
P.O. Box 1498
Al Khobar 31952
Saudi Arabia
Mob # [protected]

Dear Mr. Sureshkumar,
We have seen your above query and wish to inform you that the reply has been sent to your email ID .

Regards,

For, UTI Mutual Fund, Dept of Operations

Dear Mr. Sureshkumar,

We have seen your above query and wish to inform you that the reply has been sent to your email ID.

Regards,

For, UTI Mutual Fund, Dept of Operations