[Resolved] Axis Bank — PENAL INTEREST LEVIED BY BUILDER DUE TO LATE PAYMENT BY AXIS BANK, RAC,NOIDA | |||
Dear Sir, I have taken a home loan of Rs. 35 Lacs from AXIS BANK , RAC NOIDA for purchase of a flat in name of myself and my wife Mrs. Shilpa Sharma in Krescent Homes, Jaypee wish town , Noida. My power home loan account no. is PHR[protected] and customer ID is [protected] JayPee wish town Noida is charging interest of amount Rs. 12657.55 on account of delayed payment of Rs 35 Lacs received by Jaypee from Axis Bank as disbursal of home loan amount. Jaypee has refused to waive off this interest. As regards the liability to pay this amount, the same lies squarely on Axis Bank, as they delayed payment of Rs. 35 Lacs to Jaypee; the due date fro which was 28 Jan. ,2012 but they deposited the cheque only on 08.02.2012. Jaypee OFFICE HAS said that the cheque no. 944009 dated 30.01.2012 of Rs. 35.00 Lacs dated was received by them only on 08.02.2012 and as a result, a penal interest of Rs. 12657.55 has been levied. They have refused to waive off this interest. This cheque of Rs. 35.00 Lacs was to be paid by AxiS Bank directly to Jaypee and as such Axis Bank is responsible for the delay and hence should pay up the amount of Rs. 12657.55 to Jaypee. More shockingly, AXIX Bank has charged a sum of Rs. 11340/- from me on account of interest on advance disbursals which I understand is the interest for the period 30.01.2012 to 09.02.2012 and was paid by me vide cheque no. 208082. Thus, I have suffered a double penalty for no fault of mine. The fault lies squarely with AXIS BANK. In these circumstances, AXIS BANK SHOULD either pay Rs. 12657.55 to Jaypee or refund Rs. 11340/- to me. MANISH KUMAR SHARMA Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
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