I had invested in Tata Motors FD through ICICIDirect in April for 1 year.
The rate of interest promised to me was 10% plus additional 0.5% as I was holding Tata Motors shares at that time.
I'm currently in USA on a project deputation. Today, I was told by my father that he has received a cheque of amount Rs.9858 on his name. I don’t know why the cheque has been issued on my father's name
At the time of subscribing to this scheme, I had chosen auto-credit of interest and principal amount to ICICI Bank account which is linked to my ICICIDirect account. Also, the tenure of my deposit was 1 yr.; I have no information about my principal amount. I don’t want to auto-renew it. Last week I received an email from ICICIDirect asking me whether I want to renew my FD, to which I replied back saying I don’t want to renew. I didn’t receive any communication after that. I have no clue where my money is is right now? I really don’t expect such a poor service from ICICIDirect. I'm really feeling unsure about Link Intime's capabilities to handle such matters keeping in my previous experience with one of other fixed deposit.
Request / Suggestion to all - Never ever use ICICIDirect.com to open a fixed deposit and especially if its registrar is Link Intime. Both of them are highly incompetent and will make you run door to door once you lock your money with them.
Any escalation made to the highest possible officer with them didnt yeild any results.
one word best describe them - PATHETIC
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