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The Ministry of Women and Child Development to setup National Alliance against online Child sexual abuse and exploitation

The Ministry of Women & Child Development, Government of India is to form a National Alliance against Online Child Sexual Abuse and Exploitation with the aim of developing a comprehensive outreach system to engage parents, schools, communi

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Bank charged 1% less, recovery in compounded interest

Posted by Nishant Chaudhary

I took an educational loan which has mostly been repayed over the period of six years.

Initially my parents took care of interest payments for for years of my education. Then I started repaying it after completion of my studies and it took me six years to finish it. Few months before it was supposed to be finished bank charges recovery of 49000 as they charged me 1% less.

If they had charged it as simple interest then amount would have been around 10k but they charged compound interest from back date.

Am I in the wrong to expect that they should have charged simple interest for their mistake? Are the any previous similar cases where court decided in the favour of customer?

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Securities Appellate Tribunal (SAT) - An Overview

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How to register trademark for your brand in India?

How to reserve the trademark? To reserve the trademark, one needs to apply for the reservation through the trademark application form i.e. TM

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Step by step instructions to register a Partnership Firm in India (Online)

Registration of Partnership Firm in India A Partnership is a business structure in which at least two people oversee and work a business as per t

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Updated on : 18/01/2017 02:48:04

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