[Resolved] Karvy Computershare Pvt Ltd — Buyback of idfc bonds | |||||
I'd purchased idfc bonds through karvy and this year they were supposed to be redeemed. When i contacted them for the same i was told i need to return the original certificates along with other documents. But i'd never received the original documents in hard copy at my address. When i asked them to send me the duplicate copy, they told me to write mail to einward.[protected]@karvy.com. I wrote a mail but nothing happend. I followed up again and this time i was told to send a hard copy application to their office. I did this as well. But again nothing happened. Again i followed up and in two instances two complaint numbers were also given by the customer care team - 1463732 & 1494654. But nothing has happened till now. Its been more than 3 months, but nothing has happened. Neither i've received the duplicate bonds or the indemnity bond form which they themselves had suggested to fill and return. And when i asked the customer care team to provide the details of escalation mechanism to their superiors. They didn't shared anything for that as well. I wonder how i'll be able to send them a document which they are supposed to send me first. This is the worst experience i've had with such agencies. And i regret purchasing bonds from karvy. Through this complaint i hope atleast someone in karvy would look into the matter and close this. Was this information helpful? | |||||
Jun 5, 2016 Complaint marked as Resolved Karvy customer support has been notified about the posted complaint. Verified Support Apr 22, 2016 Karvy Customer Care's response Dear Investor,
We regret for the inconvenience.
Please provide the Folio No. / Application No. for us to verify our records and resolve your complaint.
Regards,
Team Karvy
Verified Support May 05, 2016 Karvy Customer Care's response Dear Investor,
Thanks for the providing the requested details.
This is to inform you that we have received the documents for Buyback and have processed the same for the redemption. We are waiting for company’s approval for the disbursement of the amount and the same would be done by the end of this month.
Regards,
Team Karvy
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Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No. 1 Banjara Hills, Hyderabad, Andhra Pradesh, India - 500034
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The folio number is IDB0362558. Please check and resolve at the earliest.