Originally Posted by brian nathaniel soans

Dated: 1 .02.2011

From:
B.N.Soans
Official Mandate Holder: Pradeep
Banking: Finance- Vigilance,
Bangalore

To:
The Credit Manager - AGM AMR,
HDFC Bank Ltd,
Bangalore

Ref: HDFC Bank : Personal loan a/c no 16005910

Sirs,
Please note Mr. Pradeep is a PL: client of HDFC Bank Ltd.
Mr.B.N.Soans is the official mandate holder authorised and entitled
to address greviance of Mr. Pradeep

It has to be noted that there are very high interest imposed and collected
by HDFC Bank Ltd, in contrary to the interest regulations laid down by RBI.

The client herin Mr. Pradeep was a regular payer of the loan.
Inspite of paying alot of amounts it is observed by the client that the
principle capital borrowed was not reducing.
After getting to understand why this is happenning and the client working
to further investigate into the matter the client has come to understand
the high 24% flat interest rates.
On presenting the Creditcard the bank executives dont be transparent enough
about the product as no client would take a loan with such high interests
as it is logic that the loan becomes unpayable at some point of time.
The bank has to note here: unreasonable and high interest rate leived by them
on their clients , it is sure that the client at some point of time or the other
realises the same and when they feel that their unable to pay up such
high rates , the loan remains unattended.
This is the principle reason where the client herin becomes a circumstantial
defaulter.
In addition there has been constant harrassment by HDFC agent to the
old parents of Mr.Pradeep. This is illegal and needs to stop.

PRAYER:
It is hereby called upon your good offices at HDFC Bank to relook into the matter
and address the greviance of Mr. Pradeep and come to an amicable
resolution.


Dr.B.N.Soans
Official Mandate H: Pradeep
Bangalore

Dear Mr Pradeep/Dr Soans,

We apologize for the inconvenience and would like to assure you that a bank representative is currently investigating the matter and will get in touch with you shortly. In the interim, should you wish to communicate with the bank, we request you to write to talktous@hdfcbank.com with your contact details and the reference ID TTU00266701022011.

Regards, Customer Assistance, HDFC Bank

SAVE YOUR MONEY!Settle your credit cards and personal loans in 20 to 50 percent of total outstanding call on 9654413507,9654413509. Debt Manage India

Dear Deepak tyagi,
thanku for your valuable comment.
however banking laws and finance doesnt work on onetimesettlemet as OTS is deemed illegal now by RBI.

Also OTS doesnt clear a clients name from CIBIL.
So how does it help the client by clearing 50% ..awaiting your reply