Sir/Madam,
I am an Indian Bank customer for past two years.Today i went to pledged my JEWELS for some business development.I pledged my jewels for the loan amount Rs.1,20000.00. all went good untill the concern jewel loan officer asked for Rs.420 as processing fee or appraisal. when i asked receipt, they said they wont give the bill for this purpose throughout the country.when i asked further more reasons about the processing fee.They used some inofficial words,and every ones attention fall on me. I felt shy and gave the money for hell's sake.what can i do further???
Regards
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And as this is the fee collected by the appraiser (not the bank employee), the bank cannot give you a receipt for this type of charges. But for the processing charges for your Jewel loan (0.56%) i.e Rs.672, you can demand the statement of account while you close the Jewel Loan.