This is a discussion on None receipt of redemption money of ULIP policy of Unit Trust of India within the Mutual Fund forums, part of the Investment category; My ULIP Policy (folio no. 54815642088) of UTI has been matured in August 2010. But when redemption warrant was not ...
My ULIP Policy (folio no. 54815642088) of UTI has been matured in August 2010. But when redemption warrant was not received even after passing of more than two months, i complained online to customer care of UTI. In reply it is informed that warrant has already sent and its status is paid on 21-1-10. Again after several enquiries it has come to knowledge that my redemption money has been credited in bank account of a fake person. Now UTI customer care says that matter has been transferred to Karvy and outcome will be informed after getting it from karvy. But Karvy does not reply on demanding redemption money. Thus my hard earned saving of approx. Rs.180000 has gone to a fake person's bank account (A/C no.53222010074390 of Syndicate Bank, Chinchwad, Pune Branch.
It has been more than 9 months but till date i am persuading the case with UTI as well as Karvy without any fruitful result.
Please help.