[Resolved]  Karvy — Non payment of Redemption value PFC Bond-Folio: PFB0006124

Address:

Hyderabad, Andhra Pradesh

1. The bond matured on 21/11/2016.I received warrant no 1104240 valued Rs 20005 dated 22/11/2016 of Yes Bank. The warrant was wrongly written, my bank a/c no was correct[protected]but the Bank name was wrongly written as "State Bank of India" and therefore I could not encash the warrant. Please note that my bank details are registered and all these years the annual interest of Rs 1700/= was being credited directly to my bank account through NEFT
2. Complaint was lodged on 30/11/2016 with Karvy's local office in Kolkata the warrant was returned in original with a request for direct bank transfer .
3 After follow ups, followups and followups through email, phone calls and direct complaint lodged in Karvy's mail "[protected]@karvy.com for 2 months ie Dec, 16 and Jan17 on 23/02/2016 I found in my account that an amount of Rs20005/- has been credited and on the same date it is reversed and debited (reason "out dated warrant deposited by Karvy")
4. I pointed this out by mail to Karvy and requested for direct bank transfer.
5. Net result that 4 months have passed since maturity of my redemption amount yet my legitimate money is being withheld by "Karvy"
6. Please arrange for immediate payment of my legitimate amount.