[Resolved] Karvy Computershare — non receipt of interest on hudco tax free bonds

P M Apte

from Mumbai, Maharashtra

Address:	Mumbai City, Maharashtra, 400053
Website:	www.karvy.com

I have hudco taxfree bonds folio no. Hul0401284 series 1-b distinctive nos. [protected][protected] no. Of bonds 900 purchased on 25/10/2013 the interest is due on 25th october each year. Despite several reminders there is no response not even a reply

My husband also has similar no. Of bonds purchased on the same date he has received interest.
I have sent all necessary documents like copy of bank book of my savings bank a/c no. [protected] along with cancelled copy of check in original to the company at its address in hyderabad by courier

It is most disturbing when even a reply is not received. This company had earlier similarly failed to send interest on my taxfree bonds of power finance corporation and only after protracted correspondence finally released the interest amount without paying interest on delayed payment

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Dec 17, 2018

Complaint marked as Resolved

Karvy customer support has been notified about the posted complaint.

Verified Support

Nov 05, 2018

Karvy Customer Care's response Dear Sir/Madam,

Thank you for sharing your complaint with us, we will check with the concerned department and get back to you shortly.

Regards
Team Karvy

Verified Support

Nov 15, 2018

Karvy Customer Care's response Dear Sir/Madam,

With reference to the above compliant, we would like to inform you that the annual interest (NECS) got rejected due to wrong bank mandate of merging state bank of India. Against issued a DD and dispatched on dt.01.11.2018. Please refer the below screenshot for information. Any further assistance, please mark a mail to kcpl.[protected]@karvy.com.

Regards
Team Karvy