State Bank of India — sidbi deep discount bond redemption 1992series as on 17.07.2018

drelax

from Hubli, Karnataka

Address:

Hyderabad, Telangana

I, D. Srinivas, had purchased a SIDBI -deep discount bond 1992 series, bearing certificate no. [protected] & application no.C2658440 (Issue price :Rs 2500/- Face value after 25Years Rs 1, 00, 000/-) redemption amount of Rs 1Lakk at the end of 25Years (from 01st Feb 1993 to 01Feb2018).

Some of the customers had complained that they only get 8876*2 (Rs 17752/-) instead of Rs 1, 00, 000/- @the end of 25Years (as on 01st Feb2018)

Kindly explain the reasons why we are not getting the full redemption amoumt of Rs 1 Lakh?

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State Bank of India [SBI] customer support has been notified about the posted complaint.