We have checked the folio in detail and would like to inform that in spite of giving regular credits till 15.08.2011, your banker has started processing SIP transactions under rejection with reason “Account description does not tally”. There could be a possibility that your banker has upgraded the account number in Core banking mode, hence SIP registered with old bank details are not processed and rejected.
We hereby request you to provide us with a copy of cancelled cheque leaf for updating your core banking details.
On receipt of it, we shall reprocess SIP transactions.
For further assistance, please get in touch with the nearest Karvy Investor Service Centre or email us at uti@karvy.com with the reference number for correspondence.
For Karvy Computershare Private Limited
Registrar & Transfer Agent for - UTI Mutual Fund
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Complaint by
vasudevaraju on October 20, 2011, 6:35 pm in Business and Finances
REGISTER
1104 Views 
We have checked the folio in detail and would like to inform that in spite of giving regular credits till 15.08.2011, your banker has started processing SIP transactions under rejection with reason “Account description does not tally”. There could be a possibility that your banker has upgraded the account number in Core banking mode, hence SIP registered with old bank details are not processed and rejected.
We hereby request you to provide us with a copy of cancelled cheque leaf for updating your core banking details.
On receipt of it, we shall reprocess SIP transactions.
For further assistance, please get in touch with the nearest Karvy Investor Service Centre or email us at uti@karvy.com with the reference number for correspondence.
For Karvy Computershare Private Limited
Registrar & Transfer Agent for - UTI Mutual Fund