IFCI Complaints & Reviews

My wife and i purchased 8 bonds (2 lots of 4 each) of ifci infra bonds series iv in february 2012. Till date, we have not received:

1. Annual interest for any of the last 5 years
2. Notification and letter of buyback (Either by post or email or phone)

We wrote emails to them in the first week of 2015 for the buyback, but they did not redeem and asked to wait for another 3 years. We reapplied this year and now they are asking us to sell on stock exchange at lower price.

We have asked them to furnish the proof of buyback intimation sent to us and received by us. But neither they shared the proof of intimation (For these years 2015 and in 2018) and nor worked on our redemption.

We are holding two following ifci family bonds 1996 issue.

Name folio number certificate number
Shaila kak 5205-649 148464
Sushil kak 5205-706 148521

I am living in netherlands at present and the redemption warrant could not be received as i do not live on that address since many years.

Please inform how to get the proceeds to our accounts asap.

Thanks and best regards
Sushil

When i conatcted delhi ifci office for early redemption of bonds they told to diapatch original bonds at new delhi address along with cancelled cheque and aadhar card copy and pan card copy
Finally i dispatched the same and have checked that they have reed

Then afterwards i cameto know that i have to send the same at karvy computershare hyderadabad office

Please revert that whose fault is this

I purchased 4 (Four) ifci long term infrastructure bonds - series iv (Folio no. Inb0044181) amounting to rs.20000.00 (Rupees twenty thousand only) in february, 2012. I want to redeem these bonds on 15th february, 2019.
As per their advice i sent the folio no and a cancelled cheque. I have not heard anything since then.
Please do the needful

Suravi chakraborty
Flat no -2/a, ambika apartments
306, p. Mazumdar road
Kolkata - 700078
West bengal

I have a bond of ifci family bond bearing folio no. 5590-271 certificate no.420355 now i want to know current status of my bond. Please send me the details on my email :
[protected]@gmail.com
My mobile no.[protected]

My address :
Girish sanga
Suraj watch co.
Shop no.2,
Mahitha apartment,
Bhagyanagar colony,
Opp kphb, hyderabad,
Telangana.500072

While i was in service and posted in navi mumbai, i had purchased ifci infra bonds in march, 2012 and till date i have not received any bond document or any communication. Since i am now retired and settled in pune, it is physically not possible for me to follow up with the agent/broker who is from mumbai.
The particulars are as under.
1. Name: shriram raghavendra hallur
2. Pan no. Aacph7432h
3. Amount invested: rs.20, 000/-
4. Cheque no.00086
5. Drawn on : bank of india, cbd belapur,
Navi mumbai 400614
6. Cheque debited to account on:26th march, 2012.
7. Account no.[protected]
8. My mail id: [protected]@gmail.com
9. My telephone nos. : mobile [protected]
Landline no.[protected]
10. Address for correspondence:
Shriram raghavendra hallur,
401, chandraneel apartments, s. No.144/4,
Garmal, dhayari, pune 411041
I further to mention that, in response to your notification in the daily times of india dated 27th march, 2018, i rang up your tel. No's.[protected] & 41732000, extn. Nos.2475, 2457 & 2420, all the calls to these numbers went unanswered hence this grievance
I shall be grateful if you could kindly send me the bond if received back by you undelivered and communicate the other details to me at the earliest
Shriram raghavendra hallur.

I have one bond of issue value rs 5000 issued on 06 sept 1996
Folio no. 5117-029
Ertificate no. 84423
Option. Ii
Face value. Rs 500, 000.00. (Five lakh s only)

2. Please intimate me whether these will be fully paid to me on 06 sep 2026.
3. Please give me address in chandigarh where i can approach for the redemption of bond.

4. Thanking you

I've a complaint regarding the millionaire bond issued by company as on 06-09-96 as we did not receive any notification add mentioned in your website! The issue price of bond was 5000 and the face value of the bond was 500000, the folio no. Of the bond is 5048-295. I did not receive any mail as notification as mentioned in the bond as well! Kindly resolve the issue as soon as possible and inform me regarding the status of the bond.

Hello

My name is mayank and my father have one ifci millionaire bond option ii on dated 06-09-96.

Folio no:[protected]
Warrant no :- 46728
Bond value :- 5, 000.

Now we don't know the current status of bond and value.

So please reply with the procedure of redemption of bond along with tbr current value of the same.

My email id :-info. [protected]@gmail.com
My mobile number:-[protected]

Waiting for your reply

Regards,

Mayank mehrotra

I have taken tax saving infrastructure bond of ifci series 5 in the yr 2012. But i have not received the bond certificate.in the mean time i have changed the residence. So, kindly arrange to send the certificate at my new residential address. Details are as follows.
Name: pradeep kumar rai
Pan: afypr6768r
Folio no - inc0030771
Certificate no - 30771
New address: e-1210
Omaxe city, rbl road, lucknow
Pin: 226025
Old address : h. No.- 393
Sector-11
Vikas nagar, lucknow-226024
Contact no : [protected]

QUERY By ABBURU SIVARAM MURTY
i)EN[protected] IN RL NO 129869 Ref no 145826 dt 19.01.12
Certificate no 20308 no of Bonds 04 OPTION I
IFCI/Resources/InfraBonds/ 2011-12
[protected][protected][protected][protected][protected][protected]
ii ) Ref HO40- 141 / 2026899 / 20409 ED[protected] IN dt 08/03/2011
Certificate no 2013391 no of bonds 04 OPTION II
IFCI/Resources/ InfraBonds / 2010-11
Like to discontinue scheme & withdraw money
please tell me the procedure

Sir i ve folio no inc[protected] x 4=20000) i ve choose option no 1 as 31 march 2017 its completed kindly redemption my 20000 amount with interest as i ve daled so many times to kavary, raj nagar, ghaziabd office so pls do needful action as soon as possible as our financial ststus us not much strong so do needful action on urgent basis

Folio no inc0025132
No of bonds 4
Distinctive no [protected] to [protected]
Certificate no 25132

As if there is document formalities then please contact or mail me regarding this.
Kindly refund my ammount of the respective subjects

Ritu tiwari
[protected]

I have been allotted regd folio no. 2111642 of the IFCI Long term infrastructure bonds series - II, 4 bonds - certificate no. 02055622 with distinctive nos 361396 to 361399 with deemed date of allotment as 31 January 2011.

Since the locking period is now complete, I need to buyback the bonds. I did not receive any intimation of maturity or the process of getting the maturity amount. Please let me know how do I get the same processed and receive the amount in my bank account.

I srinivasa rao sunkarapalli had aloted bond in 1996 folio no 5089-557, certificate no64558 dist. No.65191 i am not known the status of the bond and i am not received any communication about this bond from the allotment. How to redeem the bond. Where to contact kindly suggest me. My mail id is [protected]@gmail.com thanking you,
Yours faithfully
S srinivasa rao

I have invested in IFCI long term infrastructure bonds and my registered folio number is 2074467, I want to redeem my bonds, for placing my request, the communication address provided was of one beetalfinancial & computer services pvt ltd, new delhi, but, for my disappointment, no body answers the phone calls, nor are they responding to my emails, I dont know on what am i supposed to be doing next, can somebody please, help me...

Regards

bsn singh

The interest amount of Rs.1600 is due on 31st Jan. I have not yet received the amount. I have sent all the details in Feb.2017 requesting them to send the amount to my Bank account. The company is still sleeping. Last year also, same thing happened. I think, this is one of the worst companies.

We have to take up the issue with PMOs office. Public are being cheated by this company.

Ii have purchased ifci long term infrastructure bonds series-vi (4-bonds) on 31.03.2012 with the redemption date for buyback (Option i) is 31.03.2017.
Now when inquired from the registrar of these bonds office toll free no., i was told that the buyback / early redemption for option -1 could not be made as i have not requested during the period between october 31, 2016 to december 30, 2017.
I request for redemption after 31.03.2017.

Dear Sir,

I have tried so many times at your customer care no., they transferred the line to the concern person but the person has not picked the phone. It happened so many time. Therefore I am writing to you.

I am having Infra Bond Series IV. According to my bonds which can be buy back by the company by 17/02/2017. So please let me know the procedure that how can I redeem my bonds.

INB 1007192

Dist. No.[protected]

Cert. No. :- 1007192

Thanks

Sushil Kr. Agarwal

[protected]

IFCI long-term infrastructure bonds series -III
Folio no : INA0011924
Option -1
No. Of bonds : 4
Certificate no.- 14056
Distinctive nos. [protected] to [protected]
Certificate and other requirements sent in sept.2016
But buyback amount not received till date
My email id [protected]@yahoo.co.in
Please inform by what date the bonds are redeemed and amount sent to bank

Sir, mail is being bounced back from [protected]@beetalfinancial.com so I'm raising the issue at this platform. Please forward it to accountable authority if possible. Last year, I failed the buyback date criteria but this year I have fulfilled all the prerequisite criteria regarding buyback of IFCI Long Term Infrastructure Bonds- Series II. May be the original bond paper
Date of allotment[protected]
No. of Bonds- 4
Amount- Rs.20000
Folio No.- 2084937
Certificate No.- 2044986
Distinctive Nos- From 320060 to 320063
ISIN- INE039A09MU6
signed backside having revenue ticket, self attested PAN card copy, cancelled cheque leaflet, self attested address proof etc. have reached to Registrar & Transfer Agent:
BEETAL FINANCIAL, LSC, DELHI, PIN 110062
From Rajiv Narayan, Baridih, Jamshedpur through
Through Sakchi Post Office(831001) on 15/11/2016
Registered post no.- B RJ[protected]N
with registered post but I have not received any acknowledgement as yet. This is what the reason of anxiety. The buyback process must be in close loop and acknowledgement receipt should be generated and sent to mail or mobile. After all, we have sent the original bond paper so confirmation is needed from their end. Also, ask the timeline when the money can be credited to our account.
Thanks

Rajiv Narayan
Jamshedpur