I really dont understand why refund of IPO is not happeing directly to my account kotak Bank saving account.
I have checked with Kotak Bank(Yasmin Broachwala) and she informed me that MICR code is active and correct.
I really dont understand where the problem is kotak securities team says that problem is with kotak bank.Kotak Bank says that it correct from there side.
Now i spoke to Customer care of KOTAK SECURITIES and they say that you have to speak to registrar i.e Karvy as they are the one who do refund.They have sent cheque but at my old address where i dont stay.every one got there refund in there account directly.
My details are as below:
Below are my details.
Client ID:10326388
DP ID: IN302814
PAN/GIR AEDPT1072N
Contact number is [protected]
Regards,
Shiv. Was this information helpful? | 
Reliance IPO — Refund for Reliance IPO Payment Client ID:14167543
Respected Sir,with reference to above subject I would like to inform you that I have applied for Reliance IPO for 225 Shares & I was paid partly payment of Rs. 25875/-(Rs. Twenty five thousand eight hundred seventy five only) by DD. No, 002653 till date I have not recieved any allotment or Refund order for above same kindly look in to the matter and settle for above said payment and oblige.
Thanking you
Yours Faithfully
Sandeep Ganpatrao Jagtap.