ICICI Tax saving bond redemption

POSTED BY Amol Patgaonkar ON May 26, 2013 12:19 pm COMMENTS (23)

Hello,

My mother had put 20K in ICICI tax saving bond. Redemption date was in 2004, but my mother forgot to do the redemption.

My mother tried to redempt it, but could not.

After querying with the bank, bank told that the redemption cheque was sent to the old address. And as the money was not redempted, the base amount(20K) has gone to the government and only gave us the interst of 3K. They told us that the 20 K amount is gone and we would not be able to get it.

Is this true…can someone help in this?

 

Thanks,

Amol

23 replies on this article “ICICI Tax saving bond redemption”

  1. GYAN says:

    I purchased ICICI bonds on 5.2.2004. I want to know date of redemption , I do not have date of redemption. pl help. pl give me contact person and no.
    regards
    gc verma

    1. Hi GYAN

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  2. RD Chinoy says:

    1. A lot of people seem to have confusion about how to encash ICICI bonds. This reflects very poorly on the company.
    2. Instead of keep repeating the answer you do not know. How about contacting ICICI finding out the process to redeem these bonds and posting it for your users. ?

    1. But sir, Thats exactly what the people who are asking that should be done. THis blog is not a customer care, its a blog to get education on matters related to finance.

  3. VISWANATHAN J.KALPATHI says:

    i have 4 no.of tax saving bond series 012002-TSB-THREE. Distintinctive nos.12132-12135 . i want to know the status of the bond and redeem the same. what is the prodecure. please update me

    1. Hi VISWANATHAN J.KALPATHI

      Thanks for asking your question. However, I dont think I am eligible to answer your query as its either out of scope of my knowledge or its not related to money matter directly

      Manish

  4. S.ghosh says:

    Hi,
    I have a ICICI tax saving bond 3 nos 5000 each of 14.11.2000 maturity on 14.11.2003 bond holder no. D 8202_209 distinctive no. 179111-179113.

    Kindly help how to redeem it.

    1. Hi S.ghosh

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  5. GOPALKRISHAN says:

    I have purchased ICICI Tax saving Bonds -022002-TSB-one amt to Rs.5000/- on 24.03.2000 and Redemption of bonds was 24.03.2003. But till today I have not received redemption amount of Rs.6660/-.
    The Bondholder No. is 07280-388 and distinctive No.of bond is 606470-606470 and certificate no is 408445.
    You are requested to look into matter and do the needful without further delay.
    pl. also forward us Interest from 24.03.2003 to date at 12% cumulative interest.

    1. Hi GOPALKRISHAN

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  6. PSRAJU says:

    PILLI SUNDRA RAJU. DY.General Manager. BSNL Retired. Vijayawada. SIR..I have purchased two tax saving bonds 112000-TSB on 13-12-2000.of two distinctive nos 153560 and 153561 of Rs 5000/- each. Date of redemption was 13-4-2004.My wife misplaced these bonds that time. Now I have found those bonds. Please suggest me what should I do right now to get the redemption. Or inform the status of the bonds. Thank you sir. Yours sincerely. BOND HOLDER. No 08458-926. and. 08458-926. CERTIFICATES NOS. 82463 and 82464.

  7. Sunil Keshav Thakur says:

    I have purchased ICICI Tax saving Bonds -022002-TSB-Three amt to Rs.5000/- on 11.4.2002 and Redeemution of bonds was 27.07.2005. But till today I have not received redemption amount of Rs.6660/-.
    The Bondholder No. is 03115-297 and distinctive No.of bond is 327262 -327263.
    You are requested to look into matter and do the needful without further delay.
    pl. also forward us Interest from 27.07.2005 todate at 12% cumulative interest.

  8. dineshkumar says:

    sir,

    My father had ICICI tax saving bond in 1999 and in 2000. Redemption date was gone . but my father forgot to do the redemption.
    so kindly tell me about the next step to get the money

    thanking you
    dinesh kumar

  9. SUDHIRGAUTAM says:

    I HAVE PURCHASED TWO TAX SAVING BONDS ON 28.04.1999 OF DISTINCTIVE NO 27489 &27490 OF 5000 RS. EACH.DATE OF REDEMPTION WAS 28.07 2002. I MISPLACED THESE BONDS THAT TIME….NOW I HAVE FOUND THOSE BONDS PLEASE SUGGEST ME WHAT SHOULD I DO RIGHT NOW TO GET THEM REDEMPT….OR INFORM ME THE STATUS OF THESE BONDS…….THANKS………BONDHOLDER NO-5370-305….CERTIFICATE NO-22201 &22202

  10. ICICI Bank Care says:

    Dear Mr. Patgaonkar,

    We are sorry to hear about your experience. Please send us your contact details at care@icicibank.com and our official will get back to you soon. Kindly refer ‘4322434’ in the subject line.

    Regards,
    ICICI Bank Customer Service Team

  11. Dear Ashish, thanks that you found ‘Forum’ of help to you.

    thanks

    Ashal

  12. Ashish Garg says:

    Hi,

    This forum is so good that a common man like me gets such useful information, free of cost. Every now and then I keep visiting this forum and see if I get more knowledge and share mine with others.

    With this query, I have gained some more information. I have purchased some infrastructure bond (online through HDFC Sec) about 2.5 yrs in order to save tax, now I have moved out of the city and relocated to another city. I have updated my contact details almost every where but forgot about the infra bonds.

    Thanks to the question above and now I shall immediately take an action so as to avoid any problems in future. I was thinking even if I don’t update my address, money will come to my bank account (as purchase was online) but then updating address would be a better idea. Better safe than sorry.

    Ashish

  13. Dear Amol, RTA stands for Registration & Transfer Agent.

    Thanks

    Ashal

  14. Amol Patgaonkar says:

    Thanks Ashal and Angan for the help!
    Yes, I have the original bond with me.
    I am sorry but i did not get what is RTA. Can I get the registrar information on the bond certificate?

    Regards,
    Amol

  15. Dear anagan, thanks for supporting my point.

    thanks

    Ashal

  16. angan chandra says:

    this has happened to me also, i had IDBI tax saving bond, before maturity i have changed city.

    what you have to do in this case if you have original copy of the bond, contact to the registrar of the bond, have to give written application for redemption, definitely you will get maturity amount but i’m not sure the interest part after year 2004.

    Visiting ICICI Bank will not work, you will have to contact the registrar, you can get it in your bond copy.

    Regards
    Angan

  17. Dear Amol, Please try to get more details. I don’t think that there was any such provisions for depositing the unclaimed amount to Govt. of India. Even if, it was so, where should you claim, ask from the same set of people. In all probability, these guys are not telling you the truth.

    If you do have bond certificate with you, please contact the RTA of the bond.

    You ‘ll get the answer from RTA.

    Thanks

    Ashal

    1. Jyothi says:

      Sir I have icici bond of 2002 I want to know the status of it kindly help me by giving me phone number

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