[Resolved] HDFC Bank — abnormally high penalty

[Resolved] HDFC Bank — abnormally high penalty

S sandeep deora from Delhi, Delhi

i have taken credit card no[protected] in december o5 i have net purchases of 24000 approx in 12 minths and paid @20000 til aug 07, the collecting agent adviced that looking at my financial problems he will let get extra penailtys waived off any i have to pay balance with minimum interest as per their settlement procedures. henever turned back in september i got a call from a lawyer, a person from delhi court, and a police iinspector that a case has been lodged in delhi under no ?????? and as i have not appeared in court he is coming to lucknopw to arrest me. when i contacted a lawer in delhi and gave them numbers and name provided by them nothing surfaced out. mean while i went to the bank as indiated by above lawer etc the person their straight forward said that nothing could be done as the matter is in court since last 6 monty for recovery. i could not understand how the recovery was filed in march 2007 (rs 53000)for balance due in september-october '2007 could be filed 6 months prior for rs 53000 approx. later i got a letter in march for prelitigation in mach 2008 just one day before date recived by my brother and who delivered me in the morning of the date for which i could not attend. now in may 07 hdfcbank personls called on me that on 02/05/2008 you had to appear in madras court for the litigation filed by them for which i didnot recive any message from the court. and how come now jurisdiction is madras. ( you can well understand that this is just to haress anyone who cannot pay for abnormal penalities charged on card where as it could have been settled under the settlement lasws of the bank. and now in may they ask 58000 (i.e. i pay 78000 in 2.5 years for loan amount of 24000 for which amount of 20000 has been deposited as aske by bank installments.) now they said that the amount can be settled at 20000 if i coulsd pay the same in one stallment for which i requested to convert same into 4-5 installments as i would avoid going to court and fighting for another 2-3 years they didnot accepted and later said that we have talked to the head office and the case ll not be settled at least with yoy it could be negotiated if only you deposit 10000 upfront and balance will be negotiated only after that and i[censored] dont agree the law will take its own cource and they will take non bailable warrant against me for not appearing on 02/5/08 ( for which I had no information and I was financially incapable to attend the same if I had even received at a short notice. Now i want to know that why the company made forged calls from delhi i have all numbers with me from which they called or i reciprocated and what action can be taken and by whom for blackmailing the debtor by illeagal means by these rputed banks? why the jurisicition is madras while i never left the city for last five years and nor have financial abilty to run to madras for legal battle? Is there no law to prevent banks from charging such interest 24000 taken as net purchase 20000 deposited in 8-10 installments and still 58000 to go till april ’08 and further till finalization of card payment and filing a case in madras jurisdiction where no person who is financially incapable can fight them. Where can I take my grievances for same. Regards Sandeep deora Age 41 d-280, vibhuti khand, gomtinagar lucknow [protected] Was this information helpful? No (0) Yes (0)
Aug 14, 2020 Complaint marked as Resolved
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Comments

bhushan manjule

from Jalakandapuram, Tamil Nadu

I am your Regular Coustmer of your credit card. last Month i got your statement at the movement. so i late to pay your payment. I request you to kindly remove the late payment charges Rs. 350/- in this month i have deposited cheque to less your late payment chareges of rs 350/-
i will be very thankfull to you.

varun thaman

from Gurgaon, Haryana

Dear sir,

I am regular your customer. I have received statement few days back. There is one amount Rs. 500/- that is for the overlimit fee.
I request you please reverse this charges. After receiving the confirmation I will deposit whole amount

My credit no. [protected]
Mobile No. [protected]
122/11, First Floor,
Silver Oaks,
DLf Phase -I
Gurgaon - 122002

badhusha

from Chennai, Tamil Nadu

I had the opportunity to read your mail posted on the net only today.
You do not have to worry much over the issue of threatening calls of shifting jurisdiction and warrants and all those hulla bulla.
Chennai court would have no jurisdiction. High Court of Madras which supervises the courts in TAMIL NADU is tight in maintaining laws and you will never have a chance of visiting Chennai, much less a case being filed in Tamilnadu. The jurisdiction will be your local Judicial magistrate alone and no other place.
( THose pre-litigation hearings are only voluntary and the banks have a history of backing-off when parties do not come for settlement.)

Secondly, as for claim of interests and levies of various kind for the shortfall of Rs. 4000.00, it will have to be played by the books or the agreement you contracted at the time of signing. However, do not feel shy of defending a civil suit in your local civil courts where alone, ultimately the Bank should go for a claim.
Coming to the interests and so on, it is a very, very tricky accounting puzzle these Banks Accounting pundits produce. IT is by a simple accounting manipulation of posting figures. Do not worry still, it is there way of making money. You go by your way of calculation.
You workout the interest payable as per your understanding based on the agreement. Put out a registered letter to the Bank stating the ultimate amount payable by you. They will not respond. Do another reminder again registered. Maintain the copies in preparation of the expected civil suit. They should lay a suit within three years. This is the simple way. Avoid panicking in between.