Reserve Bank Of India [RBI] — Jewel Loan unexpected commission compared other bank

sharo53

from Chennai, Tamil Nadu

Feb 27, 2017

Address: 629165

Website: www.iob.com

Respect sir
My name is Vensus Jeyaraj. I have an account in Indian Overseas bank, Marthandam Branch. 30/1/2017 I take a jewel loand from bank. The total amount is 3, 18, 000.00. but i get the amout is 3, 15, 403.42 rupees only. I ask the bank to this huge amout of processing fee. They not give the correct answer. They entered the passbook amt is 3, 15, 403.43. Where is going to 2, 596.58 this amout? They told This is processing fee and other charges. But see Fedral bank and Pandian grama bank and some other banks few amount are collected. Fedral bank no processing fee for this amount. I really upset for this happening. Please avoid this kind of activities on future.

Thanks with kind regards,
Vensus Jeyaraj
Mob. [protected]

Was this information helpful?

No (0)

Yes (0)

Reserve Bank of India [RBI] customer support has been notified about the posted complaint.

Feb 27, 2017

Updated by sharo53 Respect sir
My name is Vensus Jeyaraj. I have an account in Indian Overseas bank,
Marthandam Branch. 30/1/2017 I take a jewel loan from bank.
The total amount is 3, 18, 000.00. but i get the amout is 3, 15, 403.42 rupees only.
I ask the bank to this huge amout of processing fee. They not give the correct answer. They entered the passbook amt is 3, 15, 403.43. Where is going to 2, 596.58 this amout? They told This is processing fee and other charges. But see Fedral bank and Pandian grama bank and some other banks few amount are collected. Fedral bank no processing fee for this amount. I really upset for this happening. Please avoid this kind of activities on future.

Thanks with kind regards,
Vensus Jeyaraj
Mob. [protected]
[protected]@gmail.com