Inconsumercomplaints.com » Business & Finance » Review / complaint: ICICI Tax Saving Bond- Two - Non Payment on maturity | News #296552

ICICI Tax Saving Bond- Two
Non Payment on maturity

I purchased ICICI Tax Saving Bond-02TSB-Two

Bond Holder number-06468-284

Name of bond holder Narender Singh Kohli

Distinctive Number 120129- 120131

Due for redemption April

Payment is not received so far at the address given at the time of purchase of bonds.

In May I approached ICICI bank Jalandhar in May and at their advice, gave a letter for early redemption of the bonds including details of my current address and bank details with one crossed cheque.

Today, on 10.7.2010 I again approached ICICI bank Jalandhar and met dealing executive Mr Chatanya, who after enquiry informed that the redemption cheque number 001735 Dt 8.4.2010 was issued on 8.4.2010 and gave me format of indemity bond to be submitted along with stamp duty of Rs 200/-. In this connection this is to submit that

1 Onus of safe delivery of the said cheque is with the bank.

2 The said cheque has never been received by me. If considerd otherwise, the bank is required to produce proof of its receipt.

3 Since I have already intimated the bank about non receipt of the issued cheque, the bank is required to take immediate steps to stop payment of the said cheque.

4 It is unjust to force me to sign any one sided agreement making me liable for erronus payment by bank if any.


Company: ICICI Tax Saving Bond- Two

Country: India   State: Punjab   City: Jalandhar

Category: Business & Finance

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