[Resolved]  HDFC Bank — SMART OVERDRAFT FACILITY

Address:

Mumbai Suburban, Maharashtra

THERE ARE VERY FEW BANKS WHO OFFER UNSECURED OVERDRAFT FACILITY TO SALARIED INDIVIDUALS. HDFC IS ONE OF THESE FEW. HOWEVER THEY HAD A VERY WEIRD, SILLY REASON TO REJECT MY APPLICATION FOR OD. MY SALARY ACCOUNT WITH THEM WAS OPENED IN A NORMAL PRODUCT CODE BY SOME CORPORATE SALARY RM OF THEIRS FOR REASONS ONLY KNOWN TO THAT RM. AND AS PER THEIR CREDIT / PROCESS TEAM, OVERDRAFT CAN ONLY BE LOADED UNDER THE CORPORATE SALARY CODE. SO MY APPLICATION WAS REJECTED DESPITE SALARY ACCOUNT BEING WITH HDFC BANK AND ALL SALARY REFLECTION VISIBLE TO THEM FOR LAST 9 MONTHS. IT WAS SUCH A SILLY REPLY FROM THEM AND IT WAS REPLACED BY A SOLUTION SUGGESTING THAT I TAKE A PERSONAL LOAN...IF WANT TO TAKE PERSONAL LOAN THERE 1000s OF FINANCE COS IN THE MARKET...AND WHATS MORE SHOCKING, THEY REPLIED TO ME AFTER 8 WORKING DAYS THAT MY APPLICATION WAS REJECTED....