Regarding IDBI deep dicount bond . Regarding IDBI deep dicount bond .

2 years ago

Sir i have purchased deep discount bond 1996 which IDBI promised to give me 2 lac rupees after 25 years but now they are giving only 17000.

Ayantika Mondal @ Prime Legal

Responded 2 years ago

A.Hi,
As per your narration, there might have been a gross deficiency by the bank with regards to the services they offer. You can directly approach the ombudsman and register a complaint there or you have the additional option of filing a complaint against the bank before the consumer forum.
If you find my answer helpful then kindly rate me.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 2 years ago

View All Answers
A.Hi,
You can file a consumer complaint before the consumer dispute redressal forum against the bank for deficiency in service. You may also approach the banking ombudsman of your region and post your query at his office.
If you find my answer helpful then kindly rate me.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Abhimanyu Shandilya

Responded 2 years ago

View All Answers
A.Sir,
Please try to find out what is the reason for this low returns on investment? If there is anything which you think or find as wrong then you can move the court against them. Also check whether the investment was linked to market risk or not. But I am a bit surprised that given all conditions it can never fall down to so less.
Please investigate properly, it may happen that your advisor or the consultant is playing mischief.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 2 years ago

View All Answers
A.Dear Sir,
You may approach Banking Ombudsman and resolve the issue.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconSbi account put on stop by cyber security
Dear Sir/Madam, Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
question iconMy bank account got freezed
Dear Client, Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
question iconBank loan harassment
Dear Client, In the given scenario, you can escalate your grievance with the Grievance Redressal Officer of the concerned Bank, and in case no suitable response is received from the GRO of the Bank yo...
question iconOnline Gaming -Can I be sent to Jail
Dear Client, The Information Technology Act 2000 regulates cyber activities or online gambling in India. There is no explicit law that makes online gaming and gambling an illegal activity in India. O...
question iconOnline Gaming- Debit freeze
Dear Client, Your query requires more details to address it suitably. You expressed your situation but not a cause of action that attracts a legal remedy. It is a virtual platform where in the absenc...