Infrastructure Development Finance Company [IDFC] Complaints & Reviews

my name is dr ganesh ram kumeti my idfc application no 17708299 amount 20000rs in 2011 feb -march not recivd the bond in my adress pls send my bond as much as early

NON RECEIPT OF ORIGINAL BONDS BY POST
Sir/Madam,

This complaint is against IDFC and their transfer agents Karvy Computershare.

On FEB, 04, 2011, I purched IDFC Infra Bonds - Application Number[protected] for Rs. 20, 000/- and I have been allotted 4 Bonds .

However, it has been more than a month and I have not yet received the any kind of physical certificate. I have been contacting IDFC and Karvy for 1 month now and I am sending them many emails but there is no response. please inform the same through contact no:[protected]. Pl. send ORIGINAL BONDS BY POST as soon as possible.

Following are the details of my application:

Application Number : 16508643
Name of the Applicant :SACHINANDAN DAS ADHIKARY
Address:
QUARTER NO:B-4149
REFINERY TOWN SHIP
PANIPAT REFINERY (INDIAN OIL CORP. LTD.)
PANIPAT- 132140
HARYANA

Beneficiary A/C Number: FOLIO- IDB0349293
RL NO- 207775
REF.NO- 1151090

I request you to address this issue.

Thanking You,
SACHINANDAN DAS ADHIKARY

i purchased trench 2 infrastructure bonds dated 04/02/2011, application no.5219248 of Rs.20000/- and dated 16/12/2011, application nos. are 53887584, 53887585 of Rs.20000/-, but bonds/cirtificates are not received still now. My address is

ANANDA MOHAN PODDER
TEMPLE VIEW COMPLEX, FLAT-4E, BLOCK-B,
KALIBARI ROAD, MADHYAMGRAM,
KOLKATA - 700 129

IDFC Infra Bonds — Non receipt of Bond Certificate

Sir/Madam,

This complaint is against IDFC and their transfer agents Karvy Computershare.

I had applied for IDFC Infra Bonds - Application Number - 141105 for Rs. 20,000/-

However, it has been more than two months and I have not yet received the any kind of intimation letter / physical certificate / or any other kind of statement for the bonds which I can produce to claim the tax benefit. I have been contacting IDFC and Karvy for 1 month now and I am sending them many emails but there is no satisfactory response.


I request you to kindly look into the matter and take the desired action.

Regards
Priyadarsh
Mobile:[protected]/[protected]

IDFC TAX SAVINGS BONDS — NON RECEIPT OF PHYSICAL CERTIFICATE OR REFUND

I HAD APPLIED FOR 4 IDFC BONDS LAST MONTH FOR CREDIT TO MY JOINT D MAT ACCOUNT. ALTHOUGH I HAD PAID RS.20000 THE BONDS WERE NOT CREDITED TO THE JOINT D MAT ACCOUNT SINCE FIRST NAME WAS THAT OF MY HUSBAND. I SENT A LETTER WITH COPIES OF MY PASSPORT AND PAN CARD REQUESTING KARVY COMPUTER SHARE TO SEND ME EITHER PHYSCIAL SHARE CERTIFICATE OR REFUND THE AMOUNT. SO FAR I HAVE NOT RECEIVED ANY REPLY INSPITE OF SENDING REMINDERS ALMOST DAILY THROUGH MY E MAIL. THE DETAILS OF MY APPLICATION ARE AS UNDER:

IDFC LIMITED LONG TERM INFRASTRUCTURE BONDS
OF FACE VALUE RS. 5000 EACH
RL NO. 75236 - B REF NO. 7502740
APPLICATION NO 1669436
NAME OF APPLICANT S LOKAMATHA

send a mail to eninward.[protected]@karvy.com with all details..

IDFC Infrastructure Bonds Tranche 2, Tax Benefit u/s 80CCF
For More Details visit on www.lifins.in
or
call on [protected]
- Lifins Financial, Pune, Maharashtra, India.

Company profile
About the company :
IDFC has been sponsored by the Government of India as a key institution to facilitate infrastructure development in the country. The focus areas for IDFC continue to be the Energy, Telecom, Industrial & Commercial Transportation sectors, although the company is also targeting the Healthcare, Education and urban Infrastructure sectors. IDFC also works with state and national level entities to formulate policies aimed at expediting infrastructure development in the country. Recently, IDFC has been classified as an infrastructure NBFC.
IDFC is a leading knowledge-driven financial services company in India and plays a central role in advancing infrastructure development in the country. IDFC is a one-stop-shop for all products and services across the infrastructure value chain. Established in 1997 as a private sector enterprise by a consortium of public and private investors, the Company listed its Equity Shares in India pursuant to an initial public offering in August 2005.

Financial Performance:
IDFC has been Diversifying from infrastructure loan lending business to other sectors. These new sectors are expected to be the growth drivers in the future. The company has continued its strong growth during the FY 2009-10, which is reflected in its improved financial performance in comparison with FY 2008-09
• Balance sheet size has increased from Rs 31, 982 Crs to Rs 46, 423 Crs.
• Non-performing Advances (NPAs) were 0.17% of total loan assets.
• Net worth has increased from Rs. 6176 Crs to Rs. 7010 Crs.
• Profit Before Tax increased by 137% from Rs 965 Crs to Rs 1317 Crs
• Profit After Tax grew by 138% from Rs 736 Crs to Rs 1013 Crs.

Salient features of the bond issue (Tranche II)
ï¬ï€ ï‚ Second Tranche of public issue of bonds by an infrastructure finance company under Sec 80 CCF
ï¬ï€ ï‚ Credit rating agency ICRA has rated the Bonds under this offer as “LAAA” and FITCH has rated the bonds “AAA” with stable outlook, indicating highest safety.
ï¬ï€ ï‚ These bonds will be issued only to Resident Indian Individuals (Major) and HUF.
ï¬ï€ ï‚ There are 2 investment options, suiting the needs of different categories of investors.
ï¬ï€ ï‚ No TDS shall be deducted from interest on Tranche 2 Bonds, if such interest does not exceed Rs 2, 500 in a financial year.
ï¬ï€ ï‚ The bonds will be listed on NSE & BSE and can be traded after the 5 year lock – in period.
ï¬ï€ ï‚ Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
ï¬ï€ ï‚ Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments o[censored]p to Rs 20, 000. The deduction is over and above the Rs 1, 00, 000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
Issue Structure:
ï¬ï€ ï‚ Maturity: The Bonds, with a maturity of 10 years, will be issued in 2 series.
ï¬ï€ ï‚ Face Value: Each Bond has face value of Rs 5, 000 each.
ï¬ï€ ï‚ Minimum application: Rs 10, 000 or 2 bonds. The bonds can be of the same series or 2 bonds
across different series.
ï¬ï€ ï‚ Lock in: 5 years from the date of allotment.
ï¬ï€ ï‚ Buyback facility: Available for both the Series 1 & 2.
ï¬ï€ ï‚ Bond Issue Profile: (Tranche II)
Issue Opens on: 17th Jan11. Issue Closes on:4th Feb 11.
Series I II
Interest Payment Annual CuMULATIVE
Minimum Application 2 bonds and in multiples of one bond thereafter
Face Value (Rs. / Bond) Rs.5, 000/- Rs.5, 000/-
Interest Rate (%) p.a. 8% N/A
Yield on Maturity (%) p.a. 8.00% 8.0% compounded annually
Maturity 10 years 10 years
Redemption Amount per bond Rs 5, 000 Rs 10, 800
Buy back Facility YES YES
Buyback Date (from allotment) 5 years 5 years
Buyback Intimation Period The period beginning not before 9 months prior to the Buyback Date and ending not later than 6 months prior to the Buyback Date
Buy back Amount (Rs) Rs 5, 000 per bond Rs 7, 350 per bond
Buy back Yield (%) 8.00% 8.0% compounded annually


REC Tax Saving Long Term Infrastructure Bonds–Tax Benefit u/s 80CCF
Issue closes: 28th March 2011.
For More Details visit on www.lifins.in
or
call on [protected]
- Lifins Financial, Pune, Maharashtra, India.

Click below mentioned link to download application form.
http://www.lifins.in/images/bond/rec.pdf

About the company :
Rural Electrification Corporation Limited (REC), a NAVRATNA Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 11, 080 Crore as on 31.03.10. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.
REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.
Salient features of the issue:
❖Credit rating: ‘AAA /Stable’ by CRISIL, ‘CARE AAA’ by CARE, ’LAAA’ by ICRA, ‘AAA(IND) by Fitch
❖These bonds will be issued to Resident Indian Individuals (Major) and HUF.
❖ There are 2 investment options.
❖The bonds will be listed on NSE & BSE.
❖ Issuance/Trading - In Dematerialized and Physical Form

❖ Issue Structure:❖
l ❖Maturity: The Bonds, with a maturity of 10 years, will be issued in 2 option.
l ❖Face Value: Each Bond has face value of Rs 5, 000 each.
l ❖Minimum application: Rs 10, 000 or 2 bonds.
l ❖Lock in: 5 years from the date of allotment in Option 1.
❖Buyback facility: Available in the Option 1.
Issue Opens on: 12th Jan 2011.
Issue Closes on: 28th March 2011.

BUYBACK PROCEDURE: The investors, who opt and are allotted bonds with buyback facility and wish to exit through this facility after 5/6/7/8/9 years, shall have to give his consent in the application form to the company. However, any bondholder(s) desires to change his option, will have to intimate the Registrar between January 1 to January 31, starting from year 2016 till 2020.

•Benefits to investors :
• Bonds offer an additional window of tax deduction of investments o[censored]p to Rs 20, 000 which result in attractive yield to investors. Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments o[censored]p to Rs 20, 000. The deduction is over and above the Rs 1, 00, 000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.


Option I II
Buyback Option after 5 Years
(Annual Coupon) No Buyback (Redemption After 10Years) (Annual Coupon)
Minimum Application 2 bonds and in multiples of one bond thereafter
Face Value (Rs. / Bond) Rs.5, 000/- Rs.5, 000/-
Interest Rate (%) p.a. 8% 8.10%
Interest Payment Yearly Yearly
Interest Payment Date 31st March Every Year 31st March Every Year
Maturity Date 31st March, 2021 31st March, 2021
Buy Back Option YES No
Buy Back after 5/6/7/8/9 Years No.
For More Details visit on www.lifins.in
or
call on [protected]
- Lifins Financial, Pune, Maharashtra, India.

With due respect this is to bring your kind notice Ihave invested to your IDFC Bond Tr.2 Rs.20000 (Rs Twenty Thousands only) through HDFC Bank sector 8 Karnal.My application no. is 41494313. Yet not received
Hence you are requested to do the needful at the earliest.so that I can submit the document to myoffice for income tax banefit.I shall be thankful to you.
UMA KHURANA
828/7 U.E
KARNAL (132001)

IDFC Long Term Infrastructure Bond - Tranche II — Incorrect Bond Certificate

Hi

I have bought IDFC Long term infrastructure bond Tranche II in the month of January in Kolkata .
I received an email confirmation in the last week of February that my Bond certificate has been despatched to the address mentioned on the soft copy of the Bond that is attached with the email.
However, I found that both Name and the Address are incorrect in the soft copy of the Bond certificate for which the hard copy of the certificate have never reached me.

I have mailed almost 6 times to the following two email IDs but did not receive any positive response.
The helpline numbers are always busy and even if I get connected they are not able to help me.

I want to draw attention of the senior authorities of the company for this miserable services of yours specially when you have mentioned very high words about yourself in your website.

I shall have to take serious steps if I do not get the corrected bond certificate which I have purchased lawfully.

Thanks and Regards
Pamela Datta
[protected]

IDFC Bonds — REGARDING IDFC BONDS CERTIFICATE ISSUANCE

hI

MY NAME IS UPENDER SINGH GUSAIN
LAST YEAR I BOUGHT 20000 RS. WORTH IDFC BONDS THROUGH HDFC BANK MASUDPUR, VASANT KUNJ,NEW DELHI
WHEN I RECEIVED MY CERTIFICATE FROM IDFC BONDS THERE WAS A MISTAKE IN MY NAME AND ACCOUNT NO.
REGARDING THIS ISSUE I CONSULT WITH THE BANK AND THEY TOLD ME TO WRITE AN APPLICATION FOR CORRECTION
IN MY NAME AND IN ACCOUNT NO. SO I WROTE LETTER AND WITH THAT I GAVE A COPY OF MY PAN CARD AND PASSPORT
AS A SUPPORTING DOCUMENTS AFTER COUPLE OF MONTHS I RECEIVED A LETTER FROM KARVY COMPUTERSHARE PVT LTD
BUT ONLY FOR A UPDATION OF MY PAN CARD NO. NOT FOR THE CORRECTION THEN I WROTE MAILS TO EINWARD.[protected]@KARVY.COM
AFTER EXCHANING LOTS OF MAIL THEY WERE NOT ABLE TO RESLOVE THIS ISSUE THEN FINALLY I RAISED THIS ISSUE TO HDFC BANK
MANAGING DIRECTOR MR ADITYA PURI REGARDING THE PROBLEM I AM FACING. THEN TOP MANAGEMENT LEVEL OF HDFC BANK
RAISED THIS ISSUE TO IDF. AFTER THAT I GOT CALL FROM MR. RAJESH ISRANI WHO GIVE LEADS TO IDFC AND OTHER COMPANYS SO
HE TOLD ME TO WRITE AN APPLICATION ONCE AGAIN AND WITH SUPPORTING DOCUMENTS AND ORIGINAL CERTIFICATE ON WHICH I HAD
ADDRESSED BY WRONG NAME AND ACCOUNT NO. IN BETWEEN OF THIS I SHARED COUPLE OF MAIL WITH IDFC ON THIS EMAIL ID [protected]@idfcmf.com BUT THEY TOLD ME THE SAME TO SUMBIT THE ORIGINAL CERTIFICATE AND YOU WILL GET FRESH ONE WITH CORRECTION .THEN MR. RAJESH ISRANI SENT HIS ASSISTANT TO MY HOME TO COLLECT THOSE DOCUMENTS WITH
APPLICATION AND ORIGINAL CERTIFICATE. I GAVE IT TO MR AJAY AND HE SUBMITTED ALL THE DOCUMENTS TO KARVY COMPUTERSHARE PVT LTD BRANCH
.Karvy Computershare Pvt Ltd 0 out of 5 blips 0 Reviews .Address:
212, 19, Arunachal Building, Barakhamba Road, Connaught Place, New Delhi, 110001

TILL DATE I HAVE NOT RECIEVED ANY CERTIFICATE FROM IDFC OR KARVY COMPUTERSHARE PVT, LTD
please Help me in resolving this issue as soon as possible here i have attached the copy of my certificate that i had got from IDFC LTD

UPENDER SINGH GUSAIN
MOB. NO. [protected]
B-186 KIDWAI NAGAR EAST. NEW DELHI

I HAVE FORWARDED AN APPLICATION FOR REC INFRA BOND ISSUANCE
ALONG WITH A DD FOR RS 20000/- ON 15.03.2011 BY COURIER TO FANCY BAZAR> BRANCH of Canara Bank, IT BEING AN AUTHORISED COLLECTION CENTRE FOR
THE SAME.BUT TILL DATE I HAVE NEITHER RECEIVED A BOND CERTIFICATE, NOR
ANY ACKNOWLEDGEMENT FROM YOU TO THE FACT THAT THE APPLICATION
ALONGWITH DD HAS BEEN RECEIVED/PROCESSED.
I HAVE PERSONALLY VISITED CANARA BANK AND THEY HAVE CONFIRMED ME THAT THE APPLICATION IS RECEIVED IN TIME AND FAXED TO THE CONCERNED AND FURTHER ACTION WILL BE TAKEN BY RECOR THEIR AUTHORISED REGISTRAR
SEVERAL MAILS AND CALLS TO BEETEL HAS BROUGHT ABOUT NO RESULTS. PL. BE INFORMED THAT I HAVE DOWNLOADED THE APPLICATION FROM WEBSITE AND IT HAS NO APPLICATION NO AND MY PAN IS BAUPS2477J

THIS IS TO REQUEST REC TO INTIMATE ME THE STATUS OR REFUND THE DD IF
IT IS NOT POSSIBLE TO PROCESS FOR ISSUE OF REC INFRA BOND.an early
reply will be highly appreciated.

> THANKING YOU.

> PRADEEP CH SAHASBI, PASSIGHAT BRANCHDT. EAST SEANG ARUNACHAL PRADESH.
>
> [protected]@sbi.co.in, [protected]@gmail.com cell no-[protected]/ [protected]-210393

Karvy Computershare Pvt.Ltd. — not received bond certificate

r/sir
i had purchased a idfc infrastruture bond of Rs 20000 on 13/02/2011 my application No[protected] and Beneficiary Account No-IDB0154324 but i had not received the bond certificate till now.
please do the needful to get the certificate

i have invested idfc[protected] trenche 1.The bonds received in one of the folio the name spelling is wrong it is PRAMOD KUMAR ionstead of PARMOD KUMAR and in another invested by my wife the name of joint account holder is mentioned as FARMOD KUMAR instead of PARMOD KUMAR. please advise me the formaliities to be compleated for necessary corrections.

non receipt of idfc bond 2011 deposited vide application no.4 1933367 pl confirm on my email [protected]@yahoo.co.in

Non-receipt of Bond Certificate
The Karvy Computer Share Pvt.Ltd.
(Unit-IDFC Infrastructure Bond)
Plot no. 17-24, Vittal Rao nagar
Madhapur,
HYDERABAD – 500 081.

Dear Sir, I have invested in IDFC infra Bonds (4 nos.) vide application no.45903916 vide cheque no. 297295 dated 22.02.2012 amounting to Rs. 20, 000/- drawn on State Bank of India, ECIL Branch, hyderabad. Till date I have not received the bond certificate. It is understood from your office at Hyderabad that the Bond Certificate which was dispatched to my address was not received and hence the same was returned. I request you to kindly send the Bond Certificate at the earliest. If you already sent to address please confirm me on mail is "[protected]@yahoo.co.in" or sms mobile #[protected]
please send details which through send that details send to me. Mail or Mobile Message.

IDFC LTD/INFRA BONDS TRANCHE-2 — NON RECEIPT OF ALLOTMENT ADVICE

NON RECEIPT OF ALLOTMENT LETTER FROM IDFC LTD, INFRA BONDS TRANCHE-2 INVESTED ON 25.02.2012 FOR RS.25000/-
APPLICATION NO 55709090.

FROM
P SUNIL RAO,
#856,14TH MAIN,SRINIVASANAGAR II PHASE,
BANGALORE-560050
MOBILE NO - [protected]

what's the status of my idfc bond application no.41249229
Dear sir,
what's the status of my idfc bond application no.41249229.
My name is BIKASH MONDAL my idfc application no 41249229 amount 20000rs in 2011-13th feb -march not recivd the bond in my address pls send my bond as much as early.
My recent address is:
Bikash Mondal, (Quality Control dept.)
C/O-Prism Cement Ltd
Rajdeep Rewa Road, P.O.-Satna-485111.
Distt-SATNA.
Madhya-Pradesh.

Mobile no [protected], [protected]

IDFC Infrastructure Bond — Non Receipt of Interest

Sir

I had purchased IDFC bonds[protected] Tranche 1 with yearly dividend option. However the interest is not credited to my bank account. Can you please help me with the procedure?

Regards
Dilip

Dear Sir/ Mam,

I had taken IDFC bond on dated 31st Jan2012 having application no is 19591843. ( Receipt enclosed for your reference )

Till date I didn’t receive any document from your Company. Pls provide my complete bond documents earliest possible.

I am doing doing regular follow up from last one month but till date no response received from your end.

Pls take my concern on priority and send documents earliest possible and send soft copy of the same on kapil.[protected]@gmail.com

Regards
Kapil Bindal
[protected]

farud compant 2012 bond still not received
The Details of the Bond certificate issued to you are as under.
Name of the Bond Holder. - J VASUMATHY
Folio no[protected]
Cert no.- 411945
Dist no.[protected]
Bonds; - 20
Joint holder: - none

Encl:- Duplicate format.

IDFC Bonds — Non receipt of bonds

Sir/Madam,

This complaint is against IDFC and their transfer agents Karvy Computershare.

On October 14, 2010, I had applied for IDFC Infra Bonds - Application Number[protected] for Rs. 20,000/-

However, it has been more than two months and I have not yet received the any kind of intimation letter / physical certificate / or any other kind of statement for the bonds which I can produce to claim the tax benefit. I have been contacting IDFC and Karvy for 1 month now and I am sending them many emails but there is no satisfactory response.

Following are the details of my application:

Application no: 41377595
Cheque no: 344484
Bank Details: ICICI Bank Rohini Sector-3 Delhi110085
Name Sandeep Kumar Gupta
DP ID 12019101
Client ID 01089088
Demat account is with : Sam Global Securities Ltd. New Delhi

I request you to kindly look into the matter and take the desired action.

Regards
Sandeep Kumar Gupta
Mobile:[protected]

i have applied for RECL bonds on 28th March 2011 but it has not been credited to my demat a/c as on today.

demat a/c no -[protected]

application no of RECL -8488788

Pl let me know status ?

my email id - [protected]@yahoo.com

There appears to be a fraud case with IDFC as many people are not getting bonds nor refund. pls look at it seriously.

IDFC — LOSS OF BOND

IDFC BOND -2 NOS EACH FOR RS.5000--APPLIED BY SENDING KARUR VYSYA BANK ,RAJAPALAYAM DD NO:641257 DT:31.1.2011 FOR RS.10000- VIDE RECEIPT NO: 6232111 DT:31.01.2011 THROUGH AGENT MR.SIVAKUMAR 116041.BOND RECEIVED & MISPLACED.I WOULD LIKE TO GET DUPLICATE BONDS IN MY NAME MR.S.GOVINDAN.PL REPLY TO OUR OFFICE MAIL ID [protected]@ramcotex.com

SAME CASE WITH ME ALSO. I ALSO NEED THE PHYSICAL CERTIFICATE OF IDFC LONG TERM INFRA BOND FOR TAX PURPOSE.

LALIT MAKWANA

Hi Rahool,

I agree with you, even I am facing same problem. I have purchases IDFC bonds from HDFC Securities.

Hi Rahool,

Same case with me. I have applie for Rs 20000 through ICICI Direct and its been 3 months but no statement or certificate. My company would not accept demat screen print out for a proof. So there is no way I am getting the tax benefit. So it is absolute waste.

Vijay

Dont apply through online.As investors are applying for tax benefit it is advised always to apply by application hardcopy .Online remittance and applying for issues may be good and easy in the perspective of time and other data entry mistakes usually commits by the registrar.
But one can try with demat account statement which is the proof that you have got allotted the Bonds.The salary disbursing officer may have to get satisfied with this statement as there is no physical holding.

It is the pathetic and inefficient way of handling the IDFC Infra Bonds Issue by the Registrara of the Issue M/s. Karvy Computer share Pvt. Ltd.Many of my friends who are applied by using hard copy of application form with required documents for issuance of Bond in Physical form havent received their Bond certificate yet.Instead of sending the Bond, they were asked to submit again the documents required to the registrars.What pity it is to asking again and again to submit the documents.All have submitted the documents along with the application forms which was checked and accepted by the collecting bankers authorised by IDFC.After checking the documents are intact they were acknowledged the receipt with date stamp.Again th so called registrars/IDFC is putting the poor investors in uncomfortable situation by taking the undue advantage of invested money is got held at the company's end.I request the company to lookin to this bulk missing of the documents and compensate properly by crediting the postal expenditure/ courier charge to every clients who were asked to resubmit the documents.Further it is advised to change the registrars who is not capable of handling the after sales service with utmost customer care
pmv

Hi,

Thanks for your response. I am calling / sending mails to Karvy every day but they are completely ignorant about the plight of investors. I even doubt some one is even reading the mails or not. I am going to approach a consumer lawyer and explore the possibilities of filing a complaint against them.

Rahool Jain

Non-Receipt of Intimation Letter / Proof of Investment Letter
Sir/Madam,

This complaint is against IDFC and their transfer agents Karvy Computershare.

On October 18, 2010, I had applied for IDFC Infra Bonds - for Rs. 20, 000/- through on line with Kotak Securities.

However, it has been more than thtee months and I have not yet received the any kind of intimation letter / physical certificate / or any other kind of statement for the bonds which I can produce to claim the tax benefit. I have been contacting IDFC and Karvy but there is no response.

Following are the details of my application:
Applied online through Kotak Securities Ltd.
Name of the Applicant : NAVNEET SHARMA
Address : Kotak Mahindra Bank 1st floor
6, Vaishali enclave, Near Gulab Sweet
PITAMPURA - NEW DELHI -110088
Demat A/C Details : Kotak Mahindra Bank
DP ID - IN 10024348
email id - navneet.[protected]@kotak.com
I request you to address this issue.

Thanking You,
Navneet Sharma

Finally after the long delay I have received the letter of intimation from Karvy. Please send a mail to einward.[protected]@karvy.com to receive the proof.. this will be a long process.. it took me 1 month to receive the bonds..

Dear Sir,



With due respect this is to bring to your kind notice that I have invested to your IDFC Bond Rs- 20, 000.00 (Rupees Twenty Thousand Only) through HDFC Bank, (Cheque No- 586236, dated- 18.10.2010) Kalyani Branch, West Bengal .

My application no. is[protected].

But till date, after 2 Months I have not received any certificate or document from your end.



Hence you are requested to do the needful at the earliest, so that I can submit the document to my office for Income Tax benefit.



Thanking you,



With Best Regards,



Goutam Dey

C/o- Mr. Santi Ranjan Dey

51/N, Sasti Tala Lane, (Bagmore),

P.O- Kanchrapara,

D/T- 24 PGS ( North),

Pin- 743145,

Cell No.- [protected]

Hi,

I mailed [protected]@karvy.com and einward.[protected]@karvy.com requesting for the proof of Allotment.
Got the reply and Allotment Proof Document in 8 minutes. :)

May be you all want to write to [protected]@karvy.com and einward.[protected]@karvy.com.

Regards,
Goutam

I have just written to [protected]@karvy.com, einward.[protected]@karvy.com and the email ids mentioned on IDFC site i.e. [protected]@idfc.com & [protected]@karvy.com.

Let’s wait and see if I get a response as quickly as Goutam has.

My application no. 12100125 via HDFC securities (on-line banking).
I also need the document to submit to my office for Income Tax exemption under section 80CCF.

Regards,
Welwyn

I had exactly the same problem. Wrote to the above mentioned email IDs and got a reply with the allotment notice in 20 mins.

Similar to Goutam, I received a reply with the document attached via email in 30 min form Ansar Basha.

I am pleased with the responce level at Karvy. Only need to get the right ids involved i.e. [protected]@karvy.com and einward.[protected]@karvy.com

Regards,
Welwyn

ICICIdirect and Karvy Computershare Pvt. Ltd. — Non-receipt of IDFC Bonds

I had appilied for 4 bonds of IDFC amounting to Rs.20000/- online through ICICIdirect.com in Oct 2010. Till date I have neither received any intimation thru e-mail or hard copy of the bonds for my records.
I am completely in the dark about the status of my money. Somebody at ICICIdirect or Karvy needs to help me out.

Regards

Rakesh Puri

Karvy computershare Pvt Ltd — Non Issue of Physical bonds of IDFC

I had applied for bonds of IDFC Ltd through my bank HDFC Gurunath Sankul Branch and I was intimated by IDFC by their letter dated12th Nov 10 that I have beeen allotted 4 bonds vide my Application no.61609663 of Rs 5000/- each and the same has been kept in an escrow account as I had not submitted my demat account details.My bank HDFC and myself have sent repeated mails stating that I do not have a demat account and hence physical bonds be issued. On talking to phone number[protected] I was asked to write in explaining the same alongwith a self attested pan card xerox which was sent through my bank. I had also submitted a cancelled cheque alongwith my application as I do not have a demat account.
I and my bank keep getting the same message asking for demat details even though it has been intimated that I dont have a demat account.
Karvy Computershare Pvt Ltd may be a big company which deals in crores of public money but do they employ deaf or blind people deliberately to overlook such cases even though they are being written to and mailed about one statement THAT I DO NOT HAVE A DEMAT ACCOUNT AND ISSUE PHYSICAL BONDS.

My DP ID........ 069300

My Client ID.... [protected]

My Application No..61609663

With due respect this is to bring your kind notice I have invested to your IDFC Bond Tr. 2 Rs.20000 through HDFC Bank branch sector 08 Karnal.through My application no.41494113.I yet not received . Hence you are requested to do the needful at the earliest. So that I can submit the document to my office for income tax banefit .UMA KHURANA 828/7 URBAN ESTATE KARNAL (132001)

Dear Sir,

With due respect this is to bring to your kind notice that I have invested to your IDFC Infra Bond-2, Rs- 20, 000.00 (Rupees Twenty Thousand Only) through HDFC Bank,

My application no. is[protected]. Ref. no.-1151090 & Folio no.-IDB0349293. and RL NO -20775.

But till date, after 2 Months I have not received any Bond certificate or document from your end.
So pl. send hard copy bond certificate by address.

Thanking you,
With Best Regards,

SACHINANDAN DAS ADHIKARY
QTR. NO. B-4149,
REFINERY TOWNSHIP
INDIAN OIL CORP, LTD.
PANIPAT-132140
HARYANA.

Even I am facing lot of issues. Everyday Karvy is coming up with some excuses. I have now written a mail to Aansarm let me see how it works for me.

Hi,

I give with IDFC investment and Karvy response.
How to withdraw invested money from IDFC?
What are the deduction and penalties?

Thanks for one who replay,
Nataraj

I have applied for IDFC bonds in physical form along with my husband Mr Arvind Laxman Sontakke whose bond certificate has since received .But my certficate is not yet received .Details of my application is as under

Name Asha Arvind Sontakke
Appl No 2/2587915
No of Bonds -4-
Ch no 463132 drawn on CBI J B Nagar Br for Rs 20000.00
Date of receipt of acknowledgement 21.03.2011 by HDFC Bank CMS Dept Fort Mumbai
My Email Id [protected]@gmail.com
Mob No [protected]

SIR
I HAVE NOT RECEIVED INTEREST OF THIS YEAR
MY PORTFOLIO IS AS UNDER
SUNITA SACHDEVA
SS CORPORATE SECURITIES LTD.
DP-ID-IN 303108
AC NO 10027183
BANK STATE BANK OF BIKANER AND JAIPUR

idfc infrastructure bonds 2010 — non receipt of interest

SIR
I HAVE NOT RECEIVED INTEREST OF THIS YEAR
MY PORTFOLIO IS AS UNDER
SUNITA SACHDEVA
SS CORPORATE SECURITIES LTD.
DP-ID-IN 303108
AC NO 10027183
BANK STATE BANK OF BIKANER AND JAIPUR

The Allotment status can be verified at http://mis.karvycomputershare.com/ipo/

Open http://karisma.karvy.com/
and click on the link for BONDS ISSUE - ALLOTMENT ADVICE

I have also applied for 04 Infrastructure BONDS on 07 /10/2010 of Rs20000, but you have not send the Bond my residential address or credited in my Demat
A/C-. Pl send or credit at following address-
AGNIVESH, Vijayapuri Ramjaipal Nager Gola Road Danapur Patna 801503 [protected]@reddifmail.com [protected]
OR
Demat a/c no[protected] DP ID no- IN303028 ICICI BANK
Application no[protected]
Transaction no-5936767 online dated 07 /10/ 2010

Hi,

I am also facing the same issue almost 70days over and paid Rs 20000/-(Got the application through HDFC Bank and submitted into the HDFC bank Kundalahalli Branch near Whitefilef Road) and still not received the infra bond certificate.

There is no proper contact details of IDFC bank and email id.

I am not going to take in my life any time IIDFC infra Bonds. Really they are careless. They have to improve the service.

IDFC applicatio​n no.7250124​0

My Address

Arbind Tiwari

No.7, 1st Block, Pearl Nest,
Srinivasa Reddy Layout, Near AECS Layout A Block,
Kundalahalli
Bangalore-560037
Mobile-[protected]

Kindly please do the needful early.

non receipt of bond certificate and dividend/ interest for 2013-14

So far i have not been issued bond certificate of IDFC and also dividend/interest for the year 2013-14 not given to me. IDFC Application no. 55490069 Rs. 20, 000/- paid vide cheque no. 917747 dated 31.01.2012 by Shri Dharambir.

IDFC is falls investment will raise a complaint in court and also publish the zero service from idfc
pls contact me at [protected]