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Bharat   16 January 2016

Bank avoiding to release security papers even clearing full

Swaraj Urban Bank acknowledge in writing of receipt full loan amount on 4/6/2007 but bank avoiding to hand over my original papers of my home which I mortgaged with bank for loan. Bank officials are insisting me for some cash amount from me to release security papers.

Kindly advice me how I can get my security papers release from bank.

Thanking you,

Yours faithfully

Bharat G
atbcentre@rediffmail.com



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 2 Replies

Kumar Doab (FIN)     17 January 2016

Has the bank made it s demand in writing? Or do you have any evidence(audio/visual/witnessed/minuted)?

 

Is such fee reduced in writing in loan agreement signed by you?

You may issue final communication addressed to BM/MD/Chairman under proepr acknowledgment, preferably drafted by your able lawyer.

 

YOu can thereafter approach BO,RBI,DCDRF etc.

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     17 January 2016

You can approach banking ombudsmen for your grievance submission.


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