Interest rate of 7% promised on the savings account is, in fact, only around 5.5% due to the willfully wrong way of calculating it, and contra the statutory RBI directions on how to calculate interest.
As my complaints went unresolved, I was obliged to file a complaint for cheating before the magistrate. It is slated for hearing next week.
Depositors, especially senior citizens, should be watchful. Was this information helpful? | 
I also have account in this bank.