Axis Bank — axis bank charging home loan interest rate at 15.5% higher than the rate stipulated by mis selling third party life insurance policy

Address:	Mumbai City, Maharashtra, 4000016
Website:	www.axisbank.com

To axis bank
Ka: principal nodal officer
Cc: reference to trailing mail from mr siddhesh mulgaonkar, nodal officer team, and the various mails send to axis bank management and ceo from 08 of june 2017.
Cc: mr p. Krishnamoorthy

Sub: axis bank management fraudulently charging home loan interest rate at 15.5% higher than the rate stipulated by selling third party life insurance policy, amounting to deficiency in service,
Against the principles of justice, equity and good conscience

It seems to be a mockery of systems, axis bank has effectively charged me 15.5% home loan interest on the amount disbursement towards home loan, against 9.50 % stipulated by axis bank.

This is to write to protest, that axis bank has not responded to this issue till date “no action is not an option “ why should axis bank charge home loan interest rate at 15.5% higher than the rate stipulated by misselling third party life insurance policy.
It is fraudulent, unethical and does not go well with bigger banks like axis bank.

We implore axis bank to refund us the life insurance policy amount of rs.91338 debited to our home load account and the interest you charged on the life insurance policy under the guise of home loan we paid on the life insurance policy kindly request cancellation of max life insurance.

Why should you issue a life insurance policy which is against rbi regulation towards banks illegally re-selling third party instruments?
These new generation banks are selling fraudulently by misinforming and misguiding illegitimately making customer’s signature

This reflects axis bank has shown zero ethics, no moral governance and lowest ethical standards, a case of corruption and bad moral by axis bank management
Several

Thanks & kind regards
Julie verghese
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