[Resolved]  Online SBI — Dishonoring ECS LIC Premium

Address:

Hyderabad, Andhra Pradesh

I had sought the confirmation from my SBI MCEME Br regarding the payment of LIC premium through the ECS well in advance in Sept 2013. But in spite it, they dishonored the LIC request for the payment of my premium declaring that inadequate funds are available which is grossly contrary to availability of adequate funds available in my account as on 15 Nov 2013.

In view of the above, LIC has imposed a penalty on me and declare me an offender and thus not accepting my cheque payment anymore which is a huge embarrassment for me.

I approached SBI Manager in this regard and she replied that it is handled centrally and she can't do anything on it. However I gave application to her and ten days has passed but no reply.

May I request to look in to the matter and give me a fair redressal of my grievances.