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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Apr 29, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by Sneha on Apr 29, 2023Hindi

Money

My dad purchased 20,000 child growth bond on 2002 in icici.The redemption date is over and I send mail 20+ time but no reply? What should I do next?

Ans: Sorry Sneha
It is not clear what instrument did you buy because I’m not aware of anything called child growth bond. Also, ICICI group has a large number of companies like ICICI Bank, ICICI Securities, ICICI Prudential Life Insurance, ICICI Lombard General Insurance etc.

Unless you give correct and complete details, and address it to the right company, you would not be able to get the response that you desire.

From my personal experience, ICICI companies are generally quite responsive.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I took 5 children growth bond of icici for rs. 5000 in 2002 . They have matured in 2023. However ICICI investor centre does not respond nor are they sending the maturity amount. Whom to approach. ICICI bank or demat centres of ICICI are also not ready to respond. Please help whom to approach for redemption.

Ans: Please approach the BANK as these bonds are issued by them.

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For more information, you can visit our website: www.edwiseinternational.com

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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