[Resolved]  State Bank of India — excess interest on

Address:

Chennai, Tamil Nadu

Abnormal interest rate of 3.35% per month which works out to 39.73% p.a on a yearly basis. I feel that the rate of interest charged is exorbitant & is not a healthy rate. The rate has been charged by the company for the past two years and i have been constantly calling them to get it rectified. My transaction with the SBI card dates back from 2000 and there has been no instances og any irregularity in the conduct of the account or any delay in any one instant. If the company is not going to charge nominal rate i will be forced to take up the complaint with Obustman.