Corporation Bank — less payment of interest on fix deposits by b/o rewari

Address:

Delhi, New Delhi, Delhi

I have placed a fix deposit of rs. 40.00 lacs in your rewari branch on 9th july 2015 and availed demand loan of rs. 35.00 lacs against it. The deposit was auto renewed in 2016 but there after it was not renewed in 2017 due to the reasons best known to the bank.

I followed up the matter with your branch for its renewal but the branch did not act instantly and finally renewed it w. E. F. 05.09.18 but during the period from 09.07.2017 to 05.09.2018 bank has allowed only savings bank roi on the deposits though the amount remained with the bank with auto renewal option but charged more than 9% roi on the demand loan against the deposits which is highly unethical on the part of the bank.

On 13.09 2019 i visited the branch and submitted a written request/complaint to the branch for providing me the correct interest amount on the deposits and after that i am following up with the branch as well your zonal office chandigarh for last 6 months but your bank is silent.

I would also like to mention that i am a retired chief manager of oriental bank of commerce and aware of all the rules and regulations. I hope you will understand my grievances and do the needful immediately.