IDFC Bank — IDFC - karvy bond maturity amount unpaid

Roy Joseph Konnayil

from Thrissur, Kerala

Address:

560093

Dear sir,

I have invested 20000/- (rs. twenty thousand only) in idfc limited – IDFC Long Term Infrastructure Bonds[protected] Tranche 1 with application no[protected]Beneficiary Account No. - IDD0285888) on December 2011. The same was opted for buy back in this year Dec-2016.

I have send all the documents along with the letter mentioning that Karvy is holding the Physical copy of the Bond Certificate(Certificate returned to Karvy Team because I had shifted from the location) for Buyback on 26-NOV-2016 by India Post registered Post (RK[protected]IN).

Still I haven't received any acknowledgment from the Karvy Team on the receipt of the documents.

I have faced same kind of delay with my previous Bond buy back Process where the maturity date was February 22, 2016 and they had paid the Buy Back amount on - July 18, 2016. (5 months they hold my money and given back the maturity amount without any Interest).

I don't want to repeat the same (5 months refund processing time) this year too with lots of follow up mails and calls (kishore.[protected]@karvy.com, harish. [protected]@karvy.com)

Sir, I humbly request you to make process maturity amount of my bonds and remit the amount of maturity to my Bank Account.

IDFC Long Term Infrastructure Bonds[protected] Tranche 1
Application No.53908768
Beneficiary Account No.IDD0285888
Buyback Date. December 31, 2016

Thanks and Regards,
Roy Joseph

Was this information helpful?

No (0)

Yes (0)

IDFC Bank customer support has been notified about the posted complaint.

Feb 23, 2017

Updated by Roy Joseph Konnayil Hi IDFC_Team

I have called the IDFC Bond section customer care number and I got the response from the team that the amount will be credited to your bank account on Feb: 13 . But still I haven't received the money.

Please provide an update on this.

Thank you.

Mar 21, 2017

Updated by Roy Joseph Konnayil Hello Team,

I have send the Indemnity Bond and other required documents to Karvy address by speed post on - 17-MAR-2017 and also confirmed with India Post that the Speed Post - Consignment Number - EK[protected]IN has been delivered to the Karvy Address.

Please acknowledge the same and proceed with the Re-issue of Bond Certificate cum Redemption ASAP !!

Regards,
Roy Joseph

Apr 19, 2017

Updated by Roy Joseph Konnayil HELLO @IDFC_Bank / @KarvyCPU SIR's, ANY PLAN TO PAYBACK MY INFRA BOND MATURITY AMOUNT ?? DO I NEED TO APPROACH JUDICIARY /POLICE STATION ???

Apr 26, 2017

Updated by Roy Joseph Konnayil HELLO !! ANY UPDATE ON MY PAYMENT ?? THIS IS THE LAST WEEK OF APRIL 2017. THIS IS WHAT THE FINAL DATE WHICH YOU HAVE TOLD ME. WHEN THE PAYMENT BATCH WILL BE PROCESSED ????????????

Apr 26, 2017