Wrong interest charged by bank
Vijay Singh
(Querist) 05 July 2013
This query is : Resolved
Hi Frnds!
I had taken a home loan from Indiabulls, now I transfer it with HDFC and I paid all dues by DD & Chque.
Now my query is if I close my account on 11-06-2013 and paid all dues by D & Cheque on same day I mean on 11-06-2013 but Bank charged me interest till 14-06-2013, they toled me that it credit in our account after 3 days only so you have to pay interest till 14-06-2013.
When I asked them u start counting the interest from the day one when u disburse the loan not from its cheque clearing date then why should I have to pay 3 days extra interest they toled me its our policy.
Now I want to know that the
1. Is Indiabulls legally right?
2. If no then where I can suit file against not following fair practice and improper service. In consumer court, civil court or RBI
Raj Kumar Makkad
(Expert) 05 July 2013
This is your repeated query whereas earlier has already been duly replied.
Sudhir Kumar, Advocate
(Expert) 05 July 2013
repeated from http://www.lawyersclubindia.com/experts/wrong-interest-charged-by-bank-404806.asp#.Udb2a6zQzmk
R.K Nanda
(Expert) 05 July 2013
repeated query.
malipeddi jaggarao
(Expert) 06 July 2013
Mr.Vijaysingh, I have seen the replies of experts given last time.
1. Bank is right in its actions.
2. As regards your counter argument that when the interest charged from the day the cheque is issued while disbursing the loan, it is a measure to check the mis-use of loan by miscreants.
3. For trivial amount using this forum again and again is not fair on your part.
When you have given cheque for repayment, until the funds are received in the hands of the banker, they are in charging the interest. No consumer forum will entertain this type of cases which ultimately yield no result except to satisfy your ego problem.
V R SHROFF
(Expert) 06 July 2013
trivial amount :
using this forum again and again is not fair on your part.
u can go before consumer forum, if u feel injustice, Though no chance for u. to satisfy your ego problem
ajay sethi
(Expert) 06 July 2013
we dont reply to repeated queries
Raj Kumar Makkad
(Expert) 06 July 2013
No reply against the repeated queries and free of cost advice should not be misused by any one.
RAJU O.F.,
(Expert) 14 July 2013
Don't waste your time, energy and money for litigation for such petty things and don't waste our time and energy with such repeated questions.
