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