Most of the times the refunds are sent it through cheque though I make the order using online transfer. 1. The mail (post) delay will be the maximum of 10 days. 2. Collection delay of 7 days. 3. Effectively total delay would be around 15 days.
Waste of time and waste of money.
SEBI shall take an action for these kind of tranfers, the mode of refund should happen using online , provided the applicant used the same for the order.
It is very frustrating that the investor's money is help lik ethis for a long time. I really don;t understand the bureaucracy here. Its time that we need to raise a voice with SEBI. I am going to write an email to them immediately.
I think we have to smackdown Karvy out of this IPO-registrar.. Holding Investors Money for long period is something baseless... any possibility of sending notice to SEBI, for this unjustified act.
I have applied shares for EMAAR MGF LAND LIMITED app no.64098288. As I came to know that Emaar MGF land ltd. has withdrawn the issue and will return the above said amount. My humble request to credit my amount in my Saving account as earlist as possible. Also intimate on my E-mail. i need money for my hospital expenses. so pl needfull work on my refund.
I have applied shares for EMAAR MGF LAND LIMITED app no.6 2081036 . As I came to know that Emaar MGF land ltd. has withdrawn the issue and will return the above said amount. My humble request to credit my amount in my Saving account as earlist as possible. Also intimate on my E-mail .
hello rajan and vinoth frnds from where u got information abt refund from EMAAR, no refund till, they are keeping our money without interest ,without information.