Corporation Bank — Non transfer of Educational Loan of my Son : Reg.

Address:

54/11 B, D K M College Road, Sainathapuram, Vellore - 632001

Sir,
I have applied for transfer of Educational Loan sanctioned to my Son S. Aswath, in m/s Corporation bank, Sankaranpalayam, Vellore when the Euro rate was nearly Rs. 86/- against INR. Till date the amount has not been transferred to my Son's account citing various reasons such as Joint account needed, my Son has to apply etc. Since I am the co-applicant I submitted the application requesting transfer. Due to delay, the Euro rate has increased to nearly Rs. 90.26 against INR. Who will bear the extra charges? I requested the BM to transfer the amount to my SB account, which he refused. I request your good self to intervene in the matter and get the amount transferred as my Son has to pay the fees by 23.04.2021.

Yours faithfully,

V. Subramanian,
f/o. S. Aswath/Co-applicant