6.75% tax free us64 bonds
Non-Receipt of Redemption proceeds as well as last interest due on 1st June'08

UTI has not remitted the redemption amount as well as last interest due on 1st June'08. This was least expected of UTI- the "trusted" household name, especially after the fiasco of US-64 Scheme in 2003. That time the investors were urged to subscribe to the Tax Free US64 Bonds in 2003 to bail out UTI and not demand redemption of US-64 Scheme. Now when the time to refund the "trusting investors" money has come, UTI is silent. The Finance Ministry should look into this and ask UTI to pay interest atleast @ 18% for the delay beyond 1st June'08. -(INVESTOR ID NO. 89823315). Mobile phone no. 0-9350001886.

Company: 6.75% tax free us64 bonds
Country: India

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