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IDBI Bank — non-payment of redemption amount

Jasminder rana and i, harleen rana, invested in idbi flexibonds series 1 deep discount (Folio no: ddb1053153) on 15/01/1992. The 1st jt holder jasminder rana expired on 01/02/1996. As the 2nd jt holder, i took up the matter reg. Redemption of the said bond with the bank's registrars, m/s karvy computershire pvt ltd, vide email dt. 26/4/2018. M/s karvy replied thru email on 28/4/2018 seeking certain docs to proceed with my request. On 9/5/2018 i sent all the necessary docs under regd. Cover. However, there was no response from m/s karvy nor the bank. I then sent a reminder by speed post on 23/7/2018 and yet another reminder thru email on 17/8/2018. Regrettably, there has still not been any response upto now.

I request your urgent intervention in the matter please.
Petitioner: mrs. Harleen rana

Complaint Status

[Jan 27, 2019] IDBI Bank customer support has been notified about the posted complaint.
Updated by Beeba Sep 27, 2019 I had made the complaint regarding redemption of bonds on 27 Jan 2019 and am still waiting to hear from the bank.

It is indeed unfortunate that IDBI is taking so long for necessary action. Would the bank kindly take urgent steps to redeem my bonds.

Harleen Rana
Complaint comments  2 Comments     Updated: ShareTweet


I want redemption of my bonds
I am using in Idbi bank savings account for salary purpose. But your bank is collecting for card fee every year Rs.259
So please return the cash in my savings account

I am in Muthoot finance my company all staffs is using in Idbi bank savings account.

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