A reply!! August 21, 2007
I finally got a reply, albeit very very delayed from none other than the "ExtraOrdinary" Ajit Pillai. Obviously sound grammar and writing skills are not prerequisites for the top jobs in the branches of the Kotak Mahindra Bank. The grammar is terrible and the style literary is terrific!!! My favorite part is line two where he says that "my needs would be taken care of". He misses the point completely and just continues like a broken record... He actually ends up offering the same thing that he did right in the beginning, albeit at a lower rate of interest. Note that he has "worked out a customized product"... In most cultures, you would just offer a solution, but no, here comes Mr. ExtraOrdinary with a customized product....
Please read further !!!
Subject: Recommendation: OD against MF
Date: Tue, 21 Aug 2007 21:16:34 +0530
From: "Ajit Pillai //Kotak /Bank" ajit.pillai@kotak.com
To: *****
CC: "Narendra Agrawal //Kotak /Bank" narendra.agrawal@kotak.com,
"Sujit Sood //Kotak /Bank" sujit.sood@kotak.com
,"Hemal Vakil //Kotak/Bank" hemal.vakil@kotak.com
Dear Mr. *****,
Sorry to reply you late. We have worked out a amicable solution where your needs would be taken care. We have worked out a customised product to offer you a OD limit on the Invested MF.
As communicated earlier........your online portfolio of Standard Chartered Enterprise equity fund will be converted into offline portfolio based on written request given by you. The same request letter is already submitted to Stanchant AMC and we are waiting for there revert. We will get back to you if any more procedure will be required for the same.
Once the portfolio gets converted to offline form, we will start for OD formalities for which required documentation need to be completed.
Your ahmedabad savings a/c ***** would be linked to proceedings of standard chartered enterprise equity fund in which you have invested Rs. 50,000. You would be required to submit in advance redemption request for this closed fund. Your a/c has to be in actively operating mode till then as per the product requirement.. We would be looking forward to sanction 50% of the face value of your MF investment value done in Standard Chartered enterprise equity. The rate of interest for OD would be in the range of 8% to 10% .
We are waiting for required documents from your end as mentioned above , in meantime we would also make required followups with StanChart AMC for Portfolio mode conversion.
Regards,
Ajit Pillai
Branch Manager - Satellite
Ahmedabad.
Mobile: 098250 68108
" Ordinary Person remains Ordinary, untill he thinks ExtraOrdinary & works for extraOrdinary Days and Time"
Please read further !!!
Subject: Recommendation: OD against MF
Date: Tue, 21 Aug 2007 21:16:34 +0530
From: "Ajit Pillai //Kotak /Bank" ajit.pillai@kotak.com
To: *****
CC: "Narendra Agrawal //Kotak /Bank" narendra.agrawal@kotak.com,
"Sujit Sood //Kotak /Bank" sujit.sood@kotak.com
,"Hemal Vakil //Kotak/Bank" hemal.vakil@kotak.com
Dear Mr. *****,
Sorry to reply you late. We have worked out a amicable solution where your needs would be taken care. We have worked out a customised product to offer you a OD limit on the Invested MF.
As communicated earlier........your online portfolio of Standard Chartered Enterprise equity fund will be converted into offline portfolio based on written request given by you. The same request letter is already submitted to Stanchant AMC and we are waiting for there revert. We will get back to you if any more procedure will be required for the same.
Once the portfolio gets converted to offline form, we will start for OD formalities for which required documentation need to be completed.
Your ahmedabad savings a/c ***** would be linked to proceedings of standard chartered enterprise equity fund in which you have invested Rs. 50,000. You would be required to submit in advance redemption request for this closed fund. Your a/c has to be in actively operating mode till then as per the product requirement.. We would be looking forward to sanction 50% of the face value of your MF investment value done in Standard Chartered enterprise equity. The rate of interest for OD would be in the range of 8% to 10% .
We are waiting for required documents from your end as mentioned above , in meantime we would also make required followups with StanChart AMC for Portfolio mode conversion.
Regards,
Ajit Pillai
Branch Manager - Satellite
Ahmedabad.
Mobile: 098250 68108
" Ordinary Person remains Ordinary, untill he thinks ExtraOrdinary & works for extraOrdinary Days and Time"
posted by Ananth at
2:16 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home