Sunday 20 September 2015

Redeem Sardar Sarovar nigam deep discount bond




LATEST UPDATE HERE: http://sardarsarovernigamdeepdiscountbond.blogspot.in/2016/03/latest-update-jan-2016.html

SOME OF YOU WERE ASKING ME HOW TO REDEEM AMOUNT FROM THE BOND. I WAITED , WAITED FOR LONG TIME AND THIS COURT CASE IS TAKING LONGER TIME. AND I DONT' KNOW WHETHER IT WILL BE UNDER WHOSE FAVOUR. RIGHT NOW THERE'S NO NEWS ON THAT. HENCE, I DECIDED TO REDEEM THE BOND AND GET 50,000/- MONEY ONLY. MY FATHER HAD INVESTED EARLIER AND NOW MY FATHER TOLD TO REDEEM WHATEVER AMOUNT WE ARE GETTING INSTEAD OF NOTHING. HENCE , TO HELP YOU ALL WHOEVER WANT 50,000/- RS I THOUGHT OF TELLING YOU THE PROCEDURE. DETAILS ARE BELOW.. IF YOU HAVE ANY QUESTIONS ASK.

I HAVE GIVEN THE FORM WHICH YOU CAN DOWNLOAD, PRINT AND FILL AND ATTACH BELOW MENTIONED DOCUMENTS.

Please note that the scheme is under redemption w.e.f.10/01/2009 i.e. at the end of 15 years with redemption amount of Rs.50000/- per bond certificate, instead  of  20 years.

SEND BELOW SAID DOCUMENTS ONLY BY INDIAN POSTAL OFFICE BY REGISTERED POST.

List of documents to be sent to Office:
1) Please send original Bond certificate /s of face value of Rs.3600/- OR Letter of Allotment duly discharged by all bond holders on the back side of the certificate. Sign at the back side of bond.


2) PAN card and bank details of 1st bond holder.(Please note that copy of pan card no.of 1st bond holder is compulsory.)
If you don't submit PAN Card:
20 % tax will be deducted .


If you submit copy of pan card no. and Form No.15 G, tax will not be deducted subject to the holding up to 4 DDB Bonds under one folio. If you are holding more then 4 bonds under one folio, Form No.15 G will not be applicable and 10 % tax will be deducted, subject to submission of copy of pan card no.


3) Form No.15 G in duplicate copy as amended (new) from 01/04/2013 for redemption.

4) Attach xerox copy of passbook and cancelled cheque. Take your bank cheque..write on that cheque as  CANCELLED and cross mark on the check.

5) some of bondholders were staying in some location and now they are staying in different location. such cases, If you are address is changed or you would like cheque to send to new address, you need to attach address proof xerox copies like aadhar card.etc.

Redemption amount is Rs.50000/- per bond certificate, subject to deduction of tax. After receipt of documents fro redemption, redemption warrant will be sent to you in physical form at your address within one month.


Please send all documents only at MCS Limited, 101, Shatdal Complex, Opp. Bata Show Room, Ashram Road, Ahmedabad – 380 009.

If there is any change in your address, please attached address proof. Please upload procedures and forms from our website www.mcsdel.com.


DOWNLOAD THE FORM HERE https://drive.google.com/file/d/0B0ciAH6Lo_4aU2VoU0JCZnBER28/view?usp=sharing