Comments
Bhai Karvy computershare private limited Hyderabad k customer care[protected] ya IFCI Ltd mein[protected]/41730000 par baat karo.issue resolve ho jayega. Mere broker ne ye number provide Kiya and is par baat Hui h meri.
Reply
These guys at IFCI are fraud. Their standard response shall be as follows:
This has reference to your letter along with bond certificate with regard to the buyback of your investment made against the IFCI Long Term Infra Bonds Series IV.
In this regard, we wish to inform you that an intimation was sent to you on 31.08.2018 to surrender the original bond certificate(s) for buyback payment due on 15.02.2019, but we did not receive the same within timeline for our further action, since the last date for submission was 14.11.2018. We request you to refer Clause vide No. 6 on the reverse of the bond certificate specifying submission period. Moreover, in line with the said clause, submission of the bond certificate is required for record/reconciliation/mutual protection and to avoid any misuse considering the 10 year maturity of the bond and buyback happening at the mid of maturity period.
Since we did not receive the original bond certificate within the specified period, we were unable to consider for buyback and referred for next buyback / maturity payment.
Also note that, the bonds are already listed with Stock Exchange, where you can trade the bonds anytime till maturity date. Or if you retain the bonds till next buyback / maturity.
This has reference to your letter along with bond certificate with regard to the buyback of your investment made against the IFCI Long Term Infra Bonds Series IV.
In this regard, we wish to inform you that an intimation was sent to you on 31.08.2018 to surrender the original bond certificate(s) for buyback payment due on 15.02.2019, but we did not receive the same within timeline for our further action, since the last date for submission was 14.11.2018. We request you to refer Clause vide No. 6 on the reverse of the bond certificate specifying submission period. Moreover, in line with the said clause, submission of the bond certificate is required for record/reconciliation/mutual protection and to avoid any misuse considering the 10 year maturity of the bond and buyback happening at the mid of maturity period.
Since we did not receive the original bond certificate within the specified period, we were unable to consider for buyback and referred for next buyback / maturity payment.
Also note that, the bonds are already listed with Stock Exchange, where you can trade the bonds anytime till maturity date. Or if you retain the bonds till next buyback / maturity.
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
18%
Complaints
209
Pending
0
Resolved
38
View all 209 IFCI reviews & complaints
+91 11 4173 2000
+91 11 2648 7444
+91 11 4179 2800
IFCI Tower, 61 Nehru Place, New Delhi, Delhi, India - 110019
View all IFCI contact information