[Resolved]  Reserve Bank Of India (RBI) — NO response against complaint of wrong interest on education loan.

Address:

Mohali, Punjab

Sir, This is with reference to education loan (a\c no.[protected]) from Indian Overseas Bank, Zirakpur Punjab, amounting Rs.6, 50, 000 .Date of loan :[protected] taken by me from your esteemed bank. In this connection, it is submitted that I am regularly paying the all installments as well interest on time but when I take statement for the period from[protected] to[protected] from bank following discrepancies come to my knowledge : 1) An entry of Rs.62, 615 dated[protected] made towards to shot interest up to has been made. 2) Interest is charged at different rates from 12.5% to 16.5%. In this connection, it is submitted that when I am regularly paying all installments as well as interest why an amount of Rs.62, 615 is overcharged to me and why the interest is charged on the different rate of interest in different months. It is therefore requested you kindly look into the matter and help me so that injustice would not happen . Looking forward for your kind help for the same. Thanks and Regards