ICICI Bank — Debit in my current account for Merchant Banking

Address:Maharashtra

Dear Sir,
I hold a current account with ICICI Bank Ltd. in Aurangabad. My company name is Kenstar Web Solutions. I also have the Merchant Banking (ED Machine for Credit card swiping). I wasn't operating my account since a year, though the charges were regularly being deducted monthly and they deducted more than Rs.4000/- for one year. Recently, on 23rd August 2010, my account received a wire transfer of Rs. 224,000/- from a client in UK through bank. The very next day, my account was debited Rs.1,46,700/-. I registered the complaint on the same day on 24th August 2010 on customer care. The customer care has asked me to wait for 48 hours to get to know why the amount was debited. Roughly, they say, this amount was debited due to a transaction entry during the year 2007. Now they are not telling me the reason for this big amount of debit and asked me to wait for 15 days. I have already issued a cheque to another party amounting Rs. 2 lacs and I do not have the balance due to this debit.

How would I know why they debited this amount and after 4 years? I am very upset with this behaviour of ICICI and I do not trust this bank anymore. Please advice what should I do regarding this issue and how can I trust the bank for any reason they give. Its not the question of couple of thousands but around 1.5 lacs of rupees. Please advice. Thanks a million!

Regards
Javed Siddiqui
Email: [protected]@kenstar.com
Was this information helpful?
No (0)
Yes (0)
Complaint comments 

Comments

Dear Mr.Javed,

We apologize for the inconvenience caused to you.We have made a note of your email address and will contact you soon to address your concern.

Regards,
ICICI Bank Customer Service Team.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    ICICI Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    65%
    Complaints
    23642
    Pending
    2042
    Resolved
    14262
    ICICI Bank Phone
    +91 22 2653 1414
    ICICI Bank Address
    ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400051
    View all ICICI Bank contact information