Complaint Details

Status	:	Closed
Complaint No	:	0088673/2017
Category	:	Business & Finance
Date	:	19-03-2017
Subject Line	:	Non receipt of interest on PFC taxfree Bonds
Complainant	:	P M Apte
Address	:	301-302 A wing Kamlkar Sadan Apnaghar unit 20 Swami smarthanagar Andheri west
Complainee	:	Karvy computershare
Address	:	Plot No 31 & 32 | Financial District Nanakramguda Gachibowli, Hyderabad - 500 032.

Complaint Details
Sub: Power Finanace Corporation Bonds: Folio PFE0400990 of P M Apte ISIN no.INE 134E07422 Non receipt of Interest 2015-2016

a A check was issued for the year 2015-2016. The check for Rs. 75000, issued to me, P M Apte (interest for 2015-2016) no. 1673 HDFC bank WRONGLY mentioned a/c no.

I therefore sent back the original letter with the wrong check by DTDC courier to Hydrabad address of Karvy Computers as well as by email (scanned copy) around 9th November 2016.

There after I have sent a number of emails to Karvy computers to correct the mistake and either send the interest amount by cheque or directly credit it to my account as per my original instructions in the application for the bonds and as was done till 2015.

An email was receive from one Mr. Harish Thakur saying that the amount has been sent by a draft by speed post no.EX411987529IN on 06/01/17. Despite several emails informing him that it has not been received there is no reply. An enquiry at the delivery post office in Mumbai brought out the fact that the speed post was undelivered and has been returned to the sender in Hyderabad. It is a matter of deep regret that Karvy Computers is treating an investor in such a fashion.
It is now over 4 months and I am still waiting for the interest

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