CLICK HERE if you have any unclaimed amounts from your old investments in UTI, Mutual Funds, Physical Shares, Insurance Policies UTI US-64 BONDS ![]() ![]() UTI (Unit Trust of India) is the oldest Mutual Fund in India – which launched Unit Scheme - 64 in the year 1964 (also known as UTI US-64 scheme). Subsequently in 2003, the UTI US-64 units were converted into interest paying UTI US-64 Bonds of Rs. 100 each as face value and paying 6.75% p.a. tax-free interest. These UTI US-64 Bonds matured in June 2008. From 2nd June 2003 to 2nd June 2008, these UTI US-64 Bonds paid tax-free interest every 6 months to the bondholder. The amount paid as interest every 6 months was 3.375% of the bond value. For example, if an investor held 350 UTI US-64 Bonds, the bond value was Rs. 35,000 (350 bonds of Rs. 100 each) and he/she received an interest of Rs. 1,181.25 every 6 months on the bonds held by him/her. Upon maturity of the UTI US-64 Bonds on 2nd June 2008, UTI paid the maturity amounts of these bonds as follows:
UTI ARS Bonds ![]() ![]() A few UTI old schemes (eg. UTI Children's Gift Growth Fund CGGF, UTI Rajlakshmi Scheme, UTI MIP) were converted into UTI ARS Bonds paying 6.6% p.a. tax-free interest (3.3% every 6 months). The UTI ARS bonds matured in April 2009. Upon maturity of the UTI ARS Bonds on 1st April, 2009, UTI paid the maturity amounts of these bonds as follows:
Inspite of the best efforts made by UTI to inform the bondholders of UTI US-64 Bonds and UTI ARS Bonds about procedures to claim the maturity amounts, crores of Rupees worth of these bonds still remain unclaimed. Other old UTI schemes:
Since these are invariably quite old investments, signature attestation from the unit/bond holders' bank manager is required. Therefore, the first step is to get the signatures attested as per format - Click here to download the format Also, some special formalities may be required on case-to-case basis If you feel you have any unclaimed amounts from your old UTI investments and would like assistance in encashing/ transferring these amounts to other UTI Schemes, please send us a query giving Scheme Name, Folio No./Certificate No./Distinctive No. and Holder Name. Please note that we provide services to assist you in encashing /transferring your unclaimed maturity amounts to existing UTI Schemes from matured old UTI Bonds/Schemes. You can also approach UTI directly for claiming/transferring these amounts to other schemes. However, if you seek our assistance in completing the documentation for your claims / transfers, we will require service charges to be paid upfront. |