[Resolved] UTI/US64 bonds — non receipt of interest and maturity
Dear Sir/ Madam,
I regret the moment, I invested in US64 in NRI catagory long back. After the scandal, I was allotted 351 tax free bonds o[censored]S64 under Investor ID# 4932439, which got matured in May,2008. I submitted the certificate before that at Lotus court UTI section. My HDFC fort branch NRE account #[protected] was registered with UTI for ECS/ auto credit payments of interest and maturity. When I didnt receive the maturity check after 3 months of maturity then I start sending mails/ also lodged complaints at UTI portal but there was no response. When I went to Mumbai last Sept'09. I enquired about it at lotus court. I had not received even one of the interest payment of 1188.63 Rs previously for which I subitted the required papers also but I was credited for that also. This time I submitted all the requirements(sign attestation letter from bank) for these two due payments(maturity and interest checks) at Lotus court on 25th sept'09. I was told that they will forward the papers to belapur c/o Madam Mrunal bahadure. I called madam couple of times, she said she didnt receive my papers, she enquired and the gave me another phone number~67931161 where these papers went. I called on that number several times. They told me it is still under progress. Now after coming back from vacation from india, I asked my wife to enquire at the same number and she was told that they send the cheque to HDFC fort branch and it was returned by the bank. What kind of silly excuses people are capable of doing I only know now.Now come to the point, when I have asked UTI to transfer the maturity / interest amount to my bank account then whose responsibility it is to make sure that amount is credited to account.Ofcourse UTI's. Now this person is telling that I have to redo all the procedure again to get back my own money for UTI's problem. This is absolutely disgusting that UTI customer is so poor. I request you all to investigate the matter and probably suspend the person involved in making investors like me wary o[censored]TI.
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Aug 14, 2020Complaint marked as Resolved
Category: Business & Finances
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