[Resolved] Kotak Securities Ltd. / Mutual Fund Redemption — Delay in payment of Redemption Money for 18th Nov2010 transaction

[Resolved] Kotak Securities Ltd. / Mutual Fund Redemption — Delay in payment of Redemption Money for 18th Nov2010 transaction

J jyotichadda from Noida, Uttar Pradesh Dec 14, 2010

Dear Sir, I wish to lodge complaint against Kotak Securities Ltd. I have an Demat account with Kotak Securities, Client ID: JDBG1 On 18th Nov 2010, I ordered for the redemption of all units of Reliance Mutual Fund Growth, so 590.46 units were put on redemption for an NAV of Rs. 118.66/=. This was vide Transaction iD: 618275 Total amount due to me vide the referred Transaction id is Rs. 70063.98/= Today is 14th Dec and the transaction was done 26 days back, so far I have not received the redemption proceeds. I request you to please take this matter on an urgent basis, I would appreciate if the redemption amount plus due interest is paid to me at the earliest Thanks, Jyoti Chadda Kotak Securities Client ID: JDBG1 +0 photos Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Kotak Securities Customer Care

from Mumbai, Maharashtra

Dec 20, 2010

Verified Support

Dear Jyoti,

This response is from Kotak Securities.

We regret for the inconvenience caused to you.
With our customer service in touch with you, we hope to have resolved your issue.
In case of any further inconvenience or queries write to us at ks.[protected]@kotak.com

Regards,
Kotak Securites