Canara Bank — Additional amount taken as interest for agri loan | |||
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? | |||
Canara Bank customer support has been notified about the posted complaint. | |||
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