[Resolved]  Bajaj Finserv — excess emi charges collected

Address:	560068
Website:	www.bajajfinserv.in

Hi sir, myself d bharat, purchased washing machine from bajaj finserv through emi. I signed on authorized report of bank (Auto debit of emi payments) for 8 months emi payment of rs.2459 for a each month. But bajaj finserv requested for excess amount of emi to my bank. Even though i maintained sufficient balance (Minimum of rs.2459/-) in my bank account, because of request for extra amount of emi from bajaj finserv axis bank debited from my account. It results to insufficient balance in my account as per axis bank, so they charged me for cheque reversal charges of rs.11643. Here under i attached my bank statements and bajaj fiserv statement and other details.

Loan amount rs.29500
Advance amount paid rs.9836
Remaining amount rs.19672 (Rs.2459*8 installments)
No. Of installments 8
But they charged excess emi amount of rs.[protected]+2245+1795), but i maintained sufficient account balance for my installment amount rs.2459. As bajaj finserv requested for excess amount (Even though i given approval for rs.2459) it results to insufficient balance as per axis bank, so they charges for non maintaining of sufficient balance (Results to cheque reversal). This process continued for every month, because of this issue i lost rs. 11643 as bank charges.