[Resolved] Bank Of Baroda — ECS PENALTY

subhash vyas

from Kotputli, Rajasthan

Sep 8, 2011

Address: Rajasthan

SIR,
I HAVE MONTHLY SIP OF MUTUAL FUND DIRECTLY DEDUCTED THROUGH BY ECS FACALITY BY THE ABOVE BANK ON 5TH OF EVERY MONTH. SOMETIME SIP HAS BEEN DEBITED ON 8TH OF EVERY MONTH,IN THIS MONTH DUE TO SOME REASON AND FOR THE FIRST TIME I HAVE DEPOSITED THE MONEY ON 5TH DATE OF MONTH,BUT THIS TIME BANK HAVE OPERATED ECS TIMELY AND IMPOSED 276 RS AS ECS REJECTION CHARGES WHERAS ON 5TH DATE I HAVE ALREADY DEPOSITED THE REQUIRED AMOUNT .DO YOU THINK IT IS CORRECT.SIR TRY TO HELP ME IN REVERSING THIS PENALTY
BANK OF BARODA CHANDPOLE BRANCH JODHPUR
A.C.NO[protected]

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Aug 13, 2020

Complaint marked as Resolved

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Comments

samridh

from Devgarh, Rajasthan

Sep 11, 2011

YES, THIS IS TRUE COMPLAIN BECAUSE ECS IS OPERATED BY BANK ONLY AND THEY ARE ADVICE TO OPERATE ECS AFTER TRANSCITION TIME OF THE BANK IS OVER..SOME BANK IS NOT IMPOSING PENALTY ON ECS REJECTION BECAUSE THEY ARE SIMPLY OPERATING COMPUTER .DESPITE OF CHEQUE CLEARING PROCESS THEREFORE MY ADVISE IS TO WAVE OF THE PENALTY AND IN FUTURE OPERATE ECS IN THE EVENING ON THE DATE AS IT IS ELECTRONIC PROCESS MONEY WILL TRANSFER ON THE SAME DATE EVEN AFTER IT IS OPERATED AFTER BANK TRANSCITION PERIOD.
THANKS