Reserve Bank Of India (RBI) — Seeking advice for Education Loan and to build my carrier

Address:

Azamgarh, Uttar Pradesh

Dear Sir, I Sumeet Kumar Singh, S/O Rajesh Singh, village :- Gurehtha Dist:- Azamgarh, UP. I had given entrance examination UPSEE -2014 and secured a state rank - 1461 in B.Pharm and state rank – 2228 in Btech. Biotechnology under general category (Enrollment no. 4530071 ). I had opted for B.Pharm course and during counselling I was given Babu Banarasidas Northern India Institute Of Technology(UPTU Code :- 056), Lucknow. As my financial condition is not good and college fee is very high in comparision to my father’s annual income I preffered to take the education loan as it is right to every deserving student as per IBA, RBI and Govt. Rule. I with my father visited the Union Bank of India, Branch :- Singhpur, Dist. :- Azamgarh. Because it is the prominent nationalised bank closest to my domicile address. The bank manager Mr. Chandan Singh viewed all my documents and asked me to give some more documents like AFFILIATION CERTIFICATE OF COLLEGE(which is imposible as per college terms). I showed the manager official website o[censored]PTU, AICTE in which list of affiliated colleges were given with code but he was not satisfied. Hence the college officials gave me the print out of AICTE and UPTU website page in which college name is mentioned with the code and attested it. After 15 to 16 regular visits when I collected all my documents, the bank manager said that the sanctioning of education loan takes some time upto 1 to 2 months and it will be better for my father to take the KISSAN CREDIT CARD and fill the admission and yearly fee. Due to this long interval the due date of my fee came closer and my parents opted to take the loan of KISSAN CREDIT CARD(KCC) because the manager insisted that when the education loan will be sanctioned it will also clear the KCC loan. But again he started to delay the KCC loan and asked my father to give him commission as all managers take it before passing the loan. When my father refused to give commission as he didn’t have good income and hardly bear the expenses of me and my family, he delayed the sanctioning of loan. Due to this we were forced to take private loan on high intrest rate. When all the documents were submitted for KCC loan, he again refused to give loan and said that the signs of Thesildar, Kanoongo and Lekhpal were duplicate and he can file a case on the name of my father for fraud. We took our documents and showed to Thesildar and he accepted his signature. All the documents were real and there is no need to do fraud. After that 2-3 mens of our village visited the bank with my father and then he said that to verify again all the documents with Thesildar, Kanoongo and Lekhpal. After 1 month and further more requests he had debited the account with 30, 000 only(nearly one third of my college fee) stating that it is impossible to give total amount at one time. And again after 1 and half month he debited the account with 40, 000. When my first semester ends I contacted him and asked for education loan. He simply rejected me stating that I am NOT ELIGIBLE for education loan as my parents do not live in village and it is impossible to contact them. My father stays in other place due to his work commitments. My parents and I requested him lot that the home is not locked and my grandfather and grandmother live there and my grandfather itself have account in that branch and visits the bank regularly. But he didn’t listen a word as he was annoyed by father as he didn’t give him commission in KCC loan. I asked for application form but he didn’t gave me and said that he doesn’t had form and it will take 1 week and there is no need to fill the form as he will immediately reject it without looking on it. My mother sold her jewellery to deposit the KCC loan. I started studying with lot of dreams and ambition, and if due to financial problems and unsporting nature of bank, I will not be able to continue my further study and it will ruin my career and all dreams. So please guide me as what I can do now. Should I drop my study as I mentioned above my father’s financial condition? Reject letter by manager on my request letter is attached with, which I have given on 16.06.2015 at 2.00pm and he has rejected the same on 18.06.2015 at 2.30pm and other papers. Request you to please help me getting education loan so that I can continue my studies, I am ready to give any guarantee required by Bank. Sumeet Kumar Singh s/o Sh. Rajesh Kumar Singh Village :- Gurehtha, Post – Kharag Pur, Dist:- Azamgarh, UP Mobile No. [protected]