IDBI Deep Discount Bond 1996 earlier redemption help?

Question

Years ago, in March 1996, with a lot of effort (inspite of extremely trying times) I gawardsthered and deposited / invested in two Deep Discount Bonds from IDBI '96 for Rs.5300/-, which had a 25 years maturity value of Rs.2 Lakhs each.
But on oct 28th , 2010 we received letter from IDBI saying that they will not continuing the
IDBI DEEP DISCOUNT BOND 1996 any more and redemption the money upto the year 2000.
That is instead of getting money after 25 years and Rs.2 lachs , they are saying us on year 2010 that collect your sum of money till year 2000 that is only Rs. 10000.
This is a kind of cheating us.
Please suggest me what legal action can I take and what should I do.
Ishan
India

Answer 1

Best Answer - Chosen by Voters

The page below may be of use to know on IDBI Version of the deep discount bond.
http://www.thehindubusinessline.com/iw/2…

Source(s):

http://www.thehindubusinessline.com/iw/2…

Answer 2

here, this can guide you, try this
http://creditcard-hassan.blogspot.com/
i think you will find what you want here

Source(s):

http://creditcard-hassan.blogspot.com/