Shriram City Union Finance Limited - Karvy

Please note that failure to do so could result in delays in credit of refunds to the applicant at the applicant’ssole risk, and the Lead Managers, the Co-Lead Manager, our Company nor the Registrar to the Issue shallhave any responsibility and undertake any liability for the same.For NCDs held in physical form:The bank details will be obtained from the Registrar to the Issue for payment of interest / refund /redemption as the case may be.The mode of interest / refund / redemption payments shall be undertaken in the following order of preference:1. Direct CreditInvestors having their bank account with the Refund Banks, shall be eligible to receive refunds, if any, throughdirect credit. The refund amount, if any, would be credited directly to their bank account with the Refund Banker.2. NECSPayment of interest / refund / redemption shall be undertaken through NECS for applicants having an accountat the centers mentioned in NECS MICR list.This mode of payment of refunds would be subject to availability of complete bank account details includingthe MICR code, IFSC code, bank account number, bank name and branch name as appearing on a cheque leaf,from the Depositories. One of the methods for payment of interest / refund / redemption is through NECS forapplicants having a bank account at any of the abovementioned centers.3. RTGSApplicants having a bank account with a participating bank and whose interest payment / refund /redemption amount exceeds ` 2 lakhs, or such amount as may be fixed by RBI from time to time, have theoption to receive refund through RTGS. Such eligible applicants who indicate their preference to receiveinterest payment / refund / redemption through RTGS are required to provide the IFSC code in theApplication Form or intimate our Company and the Registrars to the Issue at least 7 (seven) days before therecord date. Charges, if any, levied by the applicant’s bank receiving the credit would be borne by theapplicant. In the event the same is not provided, interest payment / refund / redemption shall be madethrough NECS subject to availability of complete bank account details for the same as stated above.3. NEFTPayment of interest / refund / redemption shall be undertaken through NEFT wherever the applicants’ bank hasbeen assigned the Indian Financial System Code (“IFSC”), which can be linked to a Magnetic Ink CharacterRecognition (“MICR”), if any, available to that particular bank branch. IFSC Code will be obtained from thewebsite of RBI as on a date immediately prior to the date of payment of refund, duly mapped with MICRnumbers. Wherever the applicants have registered their nine digit MICR number and their bank accountnumber while opening and operating the de-mat account, the same will be duly mapped with the IFSC Code ofthat particular bank branch and the payment of interest/refund/redemption will be made to the applicantsthrough this method.4. Registered Post/Speed PostFor all other applicants, including those who have not updated their bank particulars with the MICR code, theinterest payment / refund / redemption orders shall be dispatched by post for value up to ` 1,500/- and throughSpeed Post/ Registered Post for refund orders /interest payment/redemption orders of ` 1,500/- and above.Please note that applicants are eligible to receive payments through the modes detailed in (1), (2) (3), and (4)herein above provided they provide necessary information for the above modes and where such payment facilitiesare allowed / available.144