[Resolved] Canara Bank — Interest rate mistake in MSME loan account-Regarding

pattu@123

from Vellore, Tamil Nadu

Jan 3, 2023

Address:

Canara bank, periyamittoor branch, Vellore district, Tamilnadu.

Dear sir,
This is to bring to your notice that I have an MSME loan account(3, 00, 000) at Canara Bank, Periyamittoor BranchCNRB0001668. I opened this account in May 2019 and I am paying the EMI every month. When I checked the
account statement in 2020, I came to know that the interest levied on the loan amount is much more than the bank
mentioned. When I complained about this to the Branch manager, he accepted the mistake and informed me that he
will initiate a process to reverse the additional interest charged in my account. Till now, no action has been taken by
the bank to reverse the money. The bank has also taken a subsidy from me worth 1, 15, 000 which has to be reduced
while calculating the interest on loan amount. So, I request you to take necessary action to reverse the total amount
back to me.
Details
Name:Umapathi M
Loan Account number:[protected]
Thanks and regards,
Umapathi M

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Jan 5, 2023

Complaint marked as Resolved

Address: BRANCH MANAGER, CANARA BANK, PERIYAMITTOOR BRANCH, VELLORE DISTRICT, PERIYAMITTOOR, E-MAIL ADDRESS: [email protected] PHONE NO(manager):8778651257 DESKRIPTION: Still not taken my issue by the branch manager and every time i discuss with him from JANUARY 2022. He told "we are doing process, process", but still not rectify the problem. That my issue is 1. loan interest rate mistake.2. interest apply mistake for subsidy amount (He must don't put interest for subsidy amount, but he put interest to subsidy)

Canara Bank customer support has been notified about the posted complaint.