Saturday, 21 January 2012

Re: [www.keralites.net] MUTUAL FUND-please help

 

Dear sir,

The matter is completly different from me andto yours ,because we deposite in our mony by year in the insurance terms. But the bank is utilise it in ulips a/cwith out our permission.

Banks are all after getting money from us ,they are sending the original documents. after see it, we came to know that they are use our insurance in the group of ulips.

Per year we have topay 50,000, second year we have to pay 50,000, these two years we paid. But last third year payment we are not able to pay the 50,000. Because we are retired from the job. And our age is also no stemina to work more There isnot any other income also. then how to pay?. Do you want keep my head to kandu vatti people to get money to pay bank.? Is it neccesary to me. ? Isit panishment to do put mymoney in the bank in the deposite a/c.? Really your tallking is foolish one;. and supported to the bank and cheating the customer too much.

At this circumstances how we can pay third instal ment. Totally one lakh of my money is in icici bank . Istead of that one lake, they said to give me only 60% of that money with dedution of 40%.

If put that money in our account in' FD,' we can get full amount with interest.

So i am telling all banks are cheating the customers. Now you explain the what is what .So far nobody even bank also never explain like this. SoI am not wrong in this matter. bank andreseve bank of india is only the responsibility for this .Why we loose our money to bank. It ismy money. We earn it. We dint put the mony in insurance in our bank. The bank people are begging ours to put some money in their bank insurance. if the bank people see some money in our bank a/c, immediately they approach us to put some money in insurance, at the end the closing year they never find out anything about us. This is utterly a nonsece and cheating the bank customers, I accept your explaination. But i cannot accept asI am wrong in my matters . Can you do one favour? let you get me my full amount of rs/ 100,000. fully. Can you do it? Please try to do it first.After that you will tell your opinion as who is wrong and who is right . I will accept it. i dont know how to approach the justies through the proper way. In mean time,I gave all my papers to citizen ofconsumer protectionindia at chennai to mr. akbar khan. Up to one year he said , let me to finish it soon. Atlast , he last all my records and he said to go to police. Is itthe realisam ofadvocates the mannerisam to conduct of their customers.? Please reply me. and tell me who you are? And tell me the what is the finnal solution of this type of mannerisam.

Thanks and regards
em rassana

mrassana@yahoo.co.in

09842197666

From: bharat jaya <jayabharat04@yahoo.com>
To: Keralites <Keralites@YahooGroups.com>
Sent: Saturday, 21 January 2012 2:35 AM
Subject: Re: [www.keralites.net] MUTUAL FUND-please help

Dear friends,

Banking business is controlling by RBI

Insurance sector is controllong by IRDA

Mutual fund / Share Trading etc are under SEBI

ULIPS - Unit Linked Insurance Plan is linked with share market value- but it is under insurance.

All SEBI related transaction is operating through `Dmat' A/c

Which can open with banks, share brokers etc

For entry of share market, required

1) Bank A/c, 2) Dmat A/c. 3) Trading a/c

mostly banks are offering 3-in-1 A/c

If you are planning for a short time safe investment,

Better choice is `FD' with bank.

If you are planning for a regular 2-3 year safe investment

Better choice is `RD A/c' with bank

If you are planning for a long time investment,

better to open a `PPF A/c' with SBI or in Post Office.

(PPF have some certain conditions like limit of investment in a year, lokin period etc)

5yr FD A/c with Bank help you Income Tax benefit u/s 80C

PPF A/c is also help the same more over interest is also tax free.

Thanks/Bharathan--- On Sat, 1/21/12, haridasanck <haridasanck@yahoo.co.in> wrote:

From: haridasanck <haridasanck@yahoo.co.in>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Date: Saturday, January 21, 2012, 12:21 PM

From: Sabu m k <mk_sabu71@yahoo.com>
To: Keralites@yahoogroups.com
Sent: Thursday, 19 January 2012 12:58 PM
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
Dear Mr.Rassana

You arecompletelywrong and I thinkignorantabout mutual fund & ULIP investment markets. All equity based mutual funds are investing/trading in share market and is subject market risk. Probelm now market is down so the unit value is going down.

Also for Mutual funds IRDA have no role and need to go to SEBI if any complaint and in case of insurance companies can go to IRDA. Also there is no relation with the banks in this case.

But from the first mail, came to know that is ULIP and can very well know about the scheme if the policy document and prospects read.

rgds/sabu
--- On Wed, 1/18/12, mohammed rassana <mrassana@yahoo.co.in> wrote:

From: mohammed rassana <mrassana@yahoo.co.in>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Date: Wednesday, January 18, 2012, 2:37 AM

dear sir,

all the banks rules are as like as the same. they must give their rules and regulations.

if you pay remainingfull amount[ you must pay the remaing balance amount ]to relience and may get back full amount.

try with your concern agent also.

in my case also the same with icici bank. i paid two instalment 50000+50000= 100000 one lake

i cannot pay the third instalment . now they forcedme to pay thethird instalment to get full up to date amount, otherwise they pay me back only the balance amount with deduction of their rules.

what can i do? i said ok then you pay me the balance as per your rules and regulations.

but stll they didnot pay yet. first this is our mistake. all the banks and bank agent s are theifs.

first they said some thing, afetr that they completely return to side of the bank.

if we put our deposite in normal sanvings bank account,instead of this type of investment with relienc or like icici bankwe can get ful amount with up to date interest.

totally we are mislead by the bank staffs andagent. this should be erased from the banking law

thismust taken to the irda with a groupof people who they are affected like this.

how we can do it?. please consult with the lawyer.

thanks

regards
em. rassana

From: jamal kk <jamalkk2000@yahoo.com>
To: Keralites <Keralites@yahoogroups.com>
Sent: Wednesday, 18 January 2012 1:35 AM
Subject: [www.keralites.net] MUTUAL FUND-please help

Dear Friends,

I am a member of Reliance mutual fund under the scheme equity automatic investment plan since 2008. my deposit is 1 lakh . It is a 3 year plan but I invested only once in this plan(18-02-2008) and cound not continue in the next years(18-02-2009,18-02-2010)

Now as per the online report my status is ULIP - auto lapsed and my fund value is only 67,587/- after 3 years.and when Icontacted the reliance office could knew thatonlyI will get the money as per the statement after deducted perticular% of fees (around Rs 3000)

My agentwas mis undestood me from the begining thatmy investment will be secure always because it is under IRDA.Please help some bodyto know whatamountI canclaim in this regards and what are the procedures.

Thanking you

www.keralites.net

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