Noc from bank

Querist : Anonymous (Querist) 22 December 2022 This query is : Resolved
Respected experts,
I purchased a car on a Car Loan in 2016, I have cleared my loan with interest amount now as my loan is paid I went to the bank for the NOC, and the Bank is delaying giving me NOC for the last 3-4months with fake oral reasons, what can I do now please do guide me, where can I complain against the bank for these kinds of conduct.

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Quick Summary

If your bank is delaying issuing a No Objection Certificate (NOC) for your fully paid car loan, you have several options. You can file a complaint with the Banking Ombudsman or use the Right to Information (RTI) Act to formally request the reasons for the delay. Alternatively, consider sending the bank a legal notice and then filing a complaint with the consumer commission, which can order the bank to issue the certificate. Seeking advice from a local lawyer is also recommended.

kavksatyanarayana (Expert) 22 December 2022
Complain to the bank Ombudsman. Ask the bank about the reasons for not giving the NOC using RTI.

Advocate Bhartesh goyal (Expert) 22 December 2022
Yes, you may file complaint before Banking Ombudsman regarding your grievance.

Sudhir Kumar, Advocate (Expert) 23 December 2022
Is it Govt bank?

Dr J C Vashista (Expert) 23 December 2022
Did you request the bank in writing and there is no reply or vague reply ?

SHIRISH PAWAR, 7738990900 (Expert) 23 December 2022
Hello,

You may also approach the consumer commission against the bank. Send bank legal notice and later file a consumer complaint. The commission can issue the direction to issue a loan clearance certificate.

Dr J C Vashista (Expert) 24 December 2022
It would be better to seek services of a local prudent lawyer for appreciation of facts / documents, professional advise and necessary proceeding.

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