[Resolved]  State Bank of India — Interest for Education Loan had not been waived off as committed

Address:

Kalahandi, Odisha

Dear Sir/Madam, I have taken an Education Loan for my higher studies in the Month of Aug 2011 from SBI Jaipatna ADB Branch ( Branch Code 2069 ) for an amount of INR 4 Lacs. While taking the Loan I have been told by the bank officials like the whole Interest amount for the same during my education period along with a grace period of 6 months will be waived off. As I had taken this Loan for MBA having a duration of 2years, they should start charging Interest after 2.5years after the sanction of the Loan as per commitment. But to my surprise I am getting charged with an whooping interest rate of 13.75% Compounded regularly for the same from the very beginning. I approached with the concern to the Branch officials and got an reply saying " It's a Scheme from Odisha Govt., not from SBI, So, they will raise a subsidy request to the Govt., and these all will be taken care, which seemed logical to me." But till now the issue has not been resolved. Please help me on the same with information regarding whom to approach and what will be the ideal step to be taken Further. Name - Deepak Kumar Agrawal Acc. No. - [protected] Branch Name - Jaipatna ADB Branch Code - 2069 Email id - ricky.[protected]@gmail.com