[Resolved]  Karvy Computershare Pvt Ltd, — IDBI Deep Discount Bond Series 1

Address:Hyderabad, Andhra Pradesh

Certificate No: 00204502
Folio No: DD00171750.
Name of Bond Holder: Saranraj
Issue Price: Rs 2700
Face Value: 1 Lakh Rs

My father bought this bond on 1992 for 2700Rs.
I want encash the amount now and I tried customer care, they redirected to so many direction but nothing would help me.Also tried sending email to Karvy mail id. But no proper response on this too.

Please help me to encash amount.
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Jan 2, 2017
Complaint marked as Resolved 
Karvy customer support has been notified about the posted complaint.
Verified Support
Nov 30, 2016
Karvy Customer Care's response
Dear Sir,

Greetings of the day .

Folio no. FL01- DDB0171750
Holder name: SARANRAJ

Apropos to your appended e-mail and subject matter, we would like to bring to your notice that the below said bond certificate was purchased by you in the year 1992. In this connection, IDBI invited the call option from all investors by exercising its option to redeem the bonds. Further, communicated through letters and print media also in the year 2002 that call option the redemption amount was Rs.12, 000/- against the investment of Rs.2, 700/- for each bond. Now, present redemption value including interest (i.e savings bank interest only) will be around Rs.19, 000/- plus per each bond.

On fetching our records against the folio, we have noticed that the bond is not yet processed. To process the same request you to send the following documents to below mentioned address:

1. Origianl bond certificate duly signed by holder on the reverse of the certificate by affixing a revenue stamp.
2. Copy of PAN Card with self attestation
3. Form 15G if applicable(Kindly Fill “FORM15G” Complete without blank )
4. Address details with proof duly attested.
5. Bank details with proof duly attested/Cancelled cheque leaf (Should be Indian account).
6. Bank attestation for signature verification.
7. If change of name is happens then we required A Gazette Copy duly attested / copy of Marriage certificate with details of Old Name & Changed Name duly attested.

Address;
KARVY COMPUTER SHARE PVT.LTD
UNIT.IDBI BONDS DEPT
KARVY SELENIUM TOWER B,
PLOT 31-32, GACHIBOWLI,
FINANCIAL DISTRICT,
NANAKRAMGUDA,
HYDERABAD-500032
@-mail id: einward.[protected]@karvy.com.

Post receipt of the same we shall do the needful subjected to the regulations.

Hope matter stands clarified from our end.

Best Regards,
Team Karvy
Complaint comments 

Comments

Ref:DP 16248118
I applied for Delivery Instruction Book with change of address of details
in Oct 2016. The request was send through your chennai Adayar office It is really shocking to note that I have not received any communication the action taken.
I have traded more than 30times in last few months, there i found difference in buy/sell stock value compared to transaction report and ledger balance, due to this caused me in huge loss.

I request correct those values and the attachment is just an example shown.

Certificate No: 00577559
Folio No: DD00485243
Name of Bond Holder: VISHAL
Face Value: 1 Lakh Rs

I want encash the amount now

PLEASE DO NDDEFUL AS POSIBLE AS EARLY

MY MO NO. [protected]

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