Bhel Employees Co-op.bank Ltd.h.o.tiruchirapalli-14 — Fixed deposite interest deducted two time on ground of foreclosure.

Address: 620014

Website: bheecb.in

Fixed deposite for 46 days intrest rate is 6.5% .
Foreclosed before maturity at 44 th day.
Bank paid only 3.5 percent interest citing that interest for 44 days is 4.5% and further penalty of 1 % for foreclosure.The net intrest paid is less than sb account interest of 4 %.Here the bank has deducted 3%interst for 44 days.Double penalty is imposed.1)6.5% is reduced to4.5%.Then 1% is again deducted.What the bank now paid is less than savings bank interest.