State Bank Of India [SBI] — Unauthorised charges in state, bank of patiala mandal branch in the account of m/s shreenath oil & masala udyog.

Address: Bhilwara, Rajasthan, 311403

Sir we had been sanctioned a term loan of rs. 22.00 lacs and cash credit limit of rs.8.00 lacs, same has been taken over by au finance on 14/01/2016 and they had taken a charges of 4.25 % of outstanding charges. First of all prepayment charges has be levied on only term loans account, cash credit limit is never pre closed so chages on cash credit limit is not justifiable and bank had also levied inspection charges at the time of closure of account which is also not fair, as we had given application of closing our loan account than there is no question of inspection. On term loan also as payment is made by us after one years so only 2.00 % of loan outstanding is to be levied. Now bank is not reverting the charges and just saying its under bank regulatory. So kindly please ask bank to reverse the charges with interest on the same.