Petition before the
Hon. Prime Minister of india
Petitioner: -
T.Hubertson
Present Address: - 76/1, First floor, Pammal Nalla Thambi Street, MGR Nagar, Chennai-78, Tamilnadu.
Permanent Address:- 78, Kuttyadapuvilai, Karungal, Kanyakumari Dt., Pin-629157, Tamilnadu.
Respondents: -
1. Mr. George Muller, Teller, HDFC Bank, Nagercoil Branch, Kanyakumari Dt., Tamilnadu.
2. Mr. T. Jeba Singh, Branch Manager, HDFC Bank, Nagercoil Branch, Kanyakumari Dt., Tamilnadu.
Sub:- "Cheating by the above mentioned two respondents - by providing false information - refusal to provide the amount of Rs.2, 30, 000 from my account - Damage claim-reg".
Sir,
My account no is [protected].
Customer Id:[protected]
On 24 Dec 2008, I have submitted a cheque belonging to my savings account with HDFC Bank, to withdraw the amount of Rs.2, 30, 000 at HDFC Bank of Nagercoil Branch at Vadasery Opp. to Bus Stand. But the above said respondents refused to provide me the amount by reasoning a false information as insufficient balance. But excess of Rs.4, 10, 000 was available in my account. I have shown the evidence of Rs.4, 10, 000 as I have downloaded the transaction history from netbaking. They returned me the cheque by stamping as "ALL STAMPS CANCELLED".
It incurred me a great loss.
1. I have travelled all the way from my permanent address to the HDFC Nagercoil Branch in a Rental Car.
2. Wastage of Time for a whole day in the Bank
3. Cheating me as Insufficient Balance, lead me to severe mental agony.
4. I was not able to purchase a land and it was missed, where it was purchased by other person.
5. I was not able to recover my Jewels from SBI Bank and the interest rate is getting increased.
To compensate the above loss and damages, Rs.50, 000 should be issued unto me by the HDFC Bank of Nagercoil Branch.
Failing to do so, will cause me to step into further legal proceedings and I will take up this media all over India through possible means.
--
yours customer in your way,
T. Hubertson
Aug 14, 2020
Complaint marked as Resolved 
No prepayment penalty on home loans on floating rate, RBI says June 7th, 2012 | Author: sushmita
No prepayment penalty on home loans on floating rate, RBI says
Reserve Bank of India (RBI) has taken the decision that banks cannot impose foreclosure charges or prepayment penalty on home loans on floating rate. The order is to be implemented with immediate effect.
The 5th June circular mentions that RBI warned banks to strictly follow the instructions. The apex bank thinks that removal of foreclosure charges and prepayment penalty on home loans would reduce rate discrimination between existing and new borrowers and competition among banks and hence result in finer pricing of floating rate home loans.
Even before RBI had come out with such a circular, banks including State Bank of India and Axis Bank Ltd did not charge any prepayment fee or foreclosure charges, but there were a few banks that continued to do so.
Says Kiran Telang, chief financial officer, ABT Capital Advisors, a Mumbai-based financial planning firm, “Now that all banks will have to follow the guideline, this move will give all borrowers the option to move to a lower rate with the same bank or possibly would also allow you to switch to another bank.”
After the last policy rate cut in April, lending rates came down on various types of retail loans. A lot of banks reduced their base and benchmark prime lending rates (BPLR), making home loans slightly cheaper.
For instance, Federal Bank Ltd reduced its base rate by 20 basis points, while Kotak Mahindra Bank Ltd, ICICI Bank Ltd and IDBI Bank Ltd reduced their base rates as well as BPLR by 25 basis points each.