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IDBI Deep Discount Bond 1996 earlier redemption help?

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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 ...show more
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  • Hande answered 4 years ago
The page below may be of use to know on IDBI Version of the deep discount bond.
http://www.thehindubusinessline.com/iw/2...

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  • Jignesh answered 2 months ago
    I invested 5300/- for DEEP DISCOUNT BOND through cheque no. 560782 dtd.13/03/1996 drawn on the STATE BANK OF INDIA, Vasai road -west branch,

    I am having Acknowledgment bearing serial no .K 9488695 dtd. 13/03/1996 on the name of JIGNESH THAKKAR, will you please let me the status and formalities to get reimburse my money,as i am in need of money now
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  • ? answered 4 years ago
    here, this can guide you, try this
    http://creditcard-hassan.blogspot.com/
    i think you will find what you want here

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  • IDBI Deep Discount Bond 1996 earlier redemption help?
    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
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