[Resolved]  Muthoot Fincorp (Pappachan Group) — Fixed Deposit Cheating

Address:

Thiruvananthapuram, Kerala

This muthoot fincorp (papachan group) are really great cheaters.Any fixed deposit from any nationalized or private banks can be with drawn at any time even if its is put for a period of one year more.One of my friend had put an FD Rs 3 lacks in muthoot fincorp kazhakootam,trivandrum branch in the month of February and he was in a position to close the same on may,now they have shown there real face ,they are not allowing him to cancel the same with a reason the FD is locked for one year.We haven't heard any of the bank in India with a locking period for a Fixed Deposit.Now they are telling that its not there rule its RBI's rule.we haven't found the same rule in any of the bank we have deposited before.Finally they committed that its there rule.

If its only there rule then they should have inform us before investing or need to mention some where in the signing papers or inside there office,we haven't find this rule any where.please any body know about this please reply.

Beware not to make any transactions with Muthoot fincorp.