[Resolved]  ICICI Bank — Fixed Deposit - Lack of Proper Information

My mom and I have a joint bank account with ICICI Bank, Khairatabad Branch, Hyderabad.

We opened a 560 day Fixed Deposit in March 2007 with ICICI Bank. They promised us 9.5% interest rate upon maturity (October 2008). Because of rumors of bank's bankruptcy, we decided to withdraw our fixed deposit twenty days before the maturity date. Before withdrawing the fixed deposit, i spoke to their customer care center regarding the procedure and charges.

Their representative informed me that there are penalty charges of 1% on premature withdrawal. But when we actually went and withdrew the fixed deposit, they charged about 3.75%. The amount credited to my account was way below what we were expecting.

When I tried to ask them, they were saying that they are paying me the interest rate on the date of deposit. This particular clause was not mentioned to me before opening the Fixed Deposit nor while closing the Fixed Deposit. We were not properly informed. Had they informed this to us earlier, we would not have gone for premature withdrawal of the fixed deposit.

I think we were denied the basic right of comsumer - "The Right to be Informed". We have the right to be protected against fraudulent, misleading, and deceitful information or advertisement or labeling.
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Aug 14, 2020
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I had deposited my Salary Chegue bearing No. 435355 Dt.2-3-2009 at the Andhra pradesh Secretariat ATM Counter ( Counter No. 1621 of the ICICI Bank)- since there were no Deposit Slips I depopsited along with a plaibn paper giving full details of my Account Number, etc. on 2-3-2009. To my dismay till date it has not been depoisted in my account. I approached the Security persdon cum supwervisor/wacthman Mr. Jitender Singh who was very unhelpful and brusquely told me that he does not have any details of to which ICICI barnch the ATM is affiliated or where the Cheques get collwectwed. he neitehr had teh names onor teh contact numbers except telling me to contact the Custemer Number[protected] I tried but this category of non-deposit of ceheques does not fall in teh ambit of teh said custiomer Contact number. I tried enquiring at the ICICI Karkhana Branch twice -yesterday and today They verified and told me that the Cheque has not been deposietde. I tried lookibng up the Internet for any Contact phone number of ICICI Khairtabad branch (since presumably this is teh nearset to the Secretariat ATM) but none of teh 4 telephone numbers wer working. In desperastion I asked teh ATM Superviosr for complaINT bOOK WHICH HE GAVE ME AFTETRWARDS. i LODGWED A WRITTEN COMPLAINT TODAY AND AM ANXIOUS TO KNOW WHAT HAPPENED TO MY SALARY CHEQUE.HERE'S HOPING THAT ICICI BANK WOULD TAKE IMMEDIATE NECESSARY ACTION THROUGH THIS SITE.

Vishwanath
From my encounter with ICICI bank employees, I've noticed that they are ill informed about the bank procedures themselves. They are polite, but they do not know the procedures. They tell us to ask customer care and customer care tells us to ask the branch employees. I'm disgusted with this bank.

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