[Resolved] Karvy — redemption of deep discount bonds series-1 1992

bala_bala

from Delhi, Delhi

Address:

636005

Redemption of Deep Discount bonds Series-1 1992
I have a Deep Discount Bond '1992..

How can I redeem these bond now of whatever money I can get now.

It's folio No.-DD00210031,
Distinctive no.[protected], & Certificate no.[protected]
I want to know where this bond is to be submitted for redemption.
My E mail address [protected]@gmail.com
and Mobile no. is [protected]

+1 photos

Was this information helpful?

No (0)

Yes (0)

Jul 17, 2018

Complaint marked as Resolved

Karvy customer support has been notified about the posted complaint.

Verified Support

Jun 14, 2018

Karvy Customer Care's response Dear Sir/Madam,

Greetings of the day !

As per your mail, The Folio no. FL01- DDB0210031 Holder Name. M SAMYNATHAN is not yet Redeem .So, Kindly provide the below documents for encashment of your bond and details are given below.

(Would like to bring to your notice that the below said bond certificate was purchased by you in the yr 1992. In this connection, IDBI invited a call option to all investors by exercising its option to redeem the bonds & further it is also communicated through letters and print media also in the yr 2002. At the time of call option the redemption amount was 12000/- against the investment of Rs.2700 for each bond. Now, present redemption value including interest ( i.e savings bank interest only) will be around Rs. 19000/- plus per each bond.)

In view of the above, we advise you to surrender the bond to us along with the following documents to enable us to pay the redemption amount.

1.Original bond certificate duly signed by first holder on the reverse of the certificate.
2.Copy of PAN Card with self attestation
3. Form 15G (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 require A Gazette Copy duly attested / copy of Marriage certificate with details of “Old Name & Changed Name” duly attested.

Kindly send us the above mentioned documents to enable us to start processing the same from our end.

The above documents sent to the following 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

Regards
Team Karvy