[Resolved] Karvy — IFCI long-term infrastructure bonds series-III

Saisarojprasad

from Visakhapatnam, Andhra Pradesh

Address:

Visakhapatnam, Andhra Pradesh, 530032

Folio no INA0011924
Certificate number 14056
Distinctive nos [protected] to [protected]
Redemption amount not received
My email id is [protected]@yahoo.co.in
Certificate and other requirements sent in September 2016
Redemption amount not received till date
Please inform the date by which the buyback amount will be sent to bank
No.of bonds : 4 only

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Feb 17, 2017

Complaint marked as Resolved

Karvy customer support has been notified about the posted complaint.

Verified Support

Jan 17, 2017

Karvy Customer Care's response Dear Investor,

We wish to inform you that an intimation (Buyback Option form) was sent to the all bondholders on 13.07.2016 to documents required for buyback payment due on 12.12.2016.

A) In case the bonds are held in physical form, the following documents are required to be sent:-
a) Duly filled in and signed Buyback Option Form
b) Original bond certificate duly discharged/ signed on the backside of the bond certificate. (Payment will not be done if original bond certificate is not received)
c) A cancelled cheque of your bank account having your Name, IFSC-code, MICR-code on it.
d) In case of change in address- Self-attested address proof. “

B) In case you are holding bonds in demat form:-
a) Kindly send only the Duly filled in and signed Buyback Option Form
b) Please note that your demat account should be active, to enable buyback. Payment will be made to investors, only upon extinguishment of bonds, as per bank details available in your demat account.
c) In case of change in bank details/ address- Please update the same with your depository participant (DP). Please ensure from your DP that your Demat Account is active.

As per our records, we did not receive the Buyback Option along with original bond certificate from investor for our further action, since the last date for submission was 11.09.2016, hence as per “Terms of issuance”, due to non-surrender of physical bond certificate / Buyback Option form from the investor(s) within the timeline, the Bonds are not being eligible for buyback by the Company, shall continue for next buyback due on 12.12.2018

Assuring you of our best services at all times.

Best Regards,
Team Karvy