[Resolved] Unit Trust Of India Mutual Fund [Utimf] — rajlakshmi unit plan (ii) (rup (ii) (clause xi)

souwdem

Address:

HNO. 1-115/1, BADANGPET, BHEESHMNAGAR, ROAD NO. 4, BALAPUR MANDAL, R.R. DISTRICT. TELANGANA, 500058

Sir i have invested in rajlakshmi unit plan (Ii) (Rup (Ii) clause xi, in my daughter name around 2000 units in the year 2000 march. It was stated to my by agents that i will get 200000 lakhs rupees after 20 years. Now bonds are matured and when we went to claim they say that this scheme is withdrawn and said to me that in 2004 they have intimated to me by post but we are not aware of this as we have shifted our house. Our membership numbers are [protected] & 64. They are offering us only around rs. 31000/-.
This amount i have invested for my daughter's marriage, what to do now i am unable to understand, please help me. My cell number [protected].

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Aug 13, 2021

Complaint marked as Resolved

Unit Trust of India Mutual Fund [UTIMF] customer support has been notified about the posted complaint.

Verified Support

Jul 11, 2020

Unit Trust of India Mutual Fund [UTIMF] Customer Care's response In this regard we would like to inform you that, Specified undertaking o[censored]TI and Government of India had decided to foreclose the RUP scheme with effect from 1st April ’04 onwards into assured return scheme (ARS Bond). The option forms have been sent to all unit holders in December ‘03 to January ’04 to avail maturity/fore closer proceeds under RUP scheme. The last date of receipt of duly filled option form was 16th February ’04. It was also decided that if no option has been ticked or if option form is not received, it is to be treated as default option for ARS tax-free bonds. Further, these bonds are GOI bonds, issued for 5 years. The maturity date for ARS bonds was 01.01.2009. Half yearly interest due on every October and April @ 6.6 % till the maturity.

Accordingly units under the RUP 99 certificates [protected] & [protected] have been converted into ARS bonds vide bond certificates 38148354 for 159 bonds and 38148362 for 160 bonds under Id no.[protected]. The said bond certificates were dispatched to unit holder's registered address, however the same are returned to us as undelivered by the postal authorities.

In order to release the payment kindly submit the RUP 99 certificates or any other investment proof and ARS bond redemption form duly filled in all respect and signed by the unit holder S MADHURI. The signature o[censored]nit holder should be attested by bank manager under his official seal mentioning the details such as name, employee code & designation. Also submit the self attested copy of photo Id proof, address proof, bank statement or cancelled cheque leaf.