Canara Bank — Additional amount taken as interest for agri loan

Address:Tiruvannamalai, Tamil Nadu, 606601

My father has taken an agriculture loan for sugarcane please plantation. The interest for the loan has been paid regularly. The sugar mills have deposited the amount at our bank account. To our dismay we found that the bank has taken thrice the amount as interest from the money deposited in our account. When asked about this, the manager spoke very harshly and said, " you uneducated fellow, you can do nothing against me. Since you have questioned my authority, you will not be given the second installment of loan. Do what you may". It is really unethical on the part of the manager to speak to a senior citizen who is fully dependent on the income from his land in a harsh manner. The poor man is left with no choice other than to take his own life. Details about the loan - a/c no.[protected], Canara Bank, Tiruvannamali, Tamilnadu. MICR code[protected]. Sugarcane loan amt R's.151200/- on 18 August 2015. @ 9.65%. repayment on 6 August 2016 R's 67033/-., On 17 August 2016 R's 65714/-, on 24 August 2016 R's 41330/-, on 1 September 2016 R's 5024/-. Totally has taken R's 179101/- including R's 17280 as interest. The bank has taken a sum of R's 10620/- additionally to the interest which we want to be reimbursed in our a/c.
Was this information helpful?
No (0)
Yes (0)
Canara Bank customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Canara 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
    13%
    Complaints
    5257
    Pending
    0
    Resolved
    663
    Canara Bank Phone
    +91 80 2222 1581 [Head Office]
    +91 80 2222 0491 [Head Office]
    +91 80 2222 0490 [Head Office]
    Canara Bank Address
    Canara Bank, Head Office, 112, J.C. Road, Bangalore, Karnataka, India - 560002
    View all Canara Bank contact information