[Resolved]  State Bank of India — [protected] Late interest update after 6 years causing financial loss

Address:

Bangalore, Karnataka

No response on compliant no: HL[protected]. NO response over mail to RACPC maintracpc2 .[protected]@sbi.co.in. No response on reminder. Phone call responses are harsh. So raising new compliant again on the same issue. For the loan account No: [protected], the interest rate is fixed and charged 7.5/8.25 ( revised in 2008) and now retrospectively from 2008 charged at 12 & 12.5 and asked to pay difference in amount 2, 16, 000. This gave me trouble financially in the following ways 1. I had no option left now apart from paying the amount now because RACPC believes it is right from their end. If the revision of interest is done and communicated to me in time, I would have close the loan account or switched over to lower floating interest rate ( by moving to different bank ). 2. I am paying interest and I can not claim income tax benefit for 2.7lac ( 2.16 + 60, 000 < for which I have taken benefit>) on this year interest, which is a loss of 40000 ( 1.2lac < 2.7 - 1.5 eligible one>). I need response on this from you in what way SBI is going to justify your realization of interest problems at your end can end up in SBI gaining and me paying a lot.