[Resolved]  Spark Solution — icici bank

Address:

Tamil Nadu

Hi,

ICICI flotaing rates are actually not flotaing...my rate is around 13.5% when the floating rates are around 9.5%. ICICI is a big cheat and manage this cheating by giving variation in discounts on the PLR & thus for new users give more discounts while not reducing the PLR. This results in old home loan users at the older lesser discounts and new users at the higher discounts.

Later when you ask them, they suggest that user should pay some amount to get to the new discount rates which anyway after some time will match back to the higher rates. So even if you pay some % of peicipal now..slowly these cheats will make sure your rates go back to the higher level.

ARE THEIR ANY GUIDELINES FROM RBI AGAINEST THESE CHEATS, OR RBI IS SOMEWAY BOUGHT ON TO THIS CHEATING.

THESE PEOPLE ARE WORSE THEN THE MILKMEN WHO MIX WATER, ATLEAST THEY SAY THAT THEY MIX IT. HERE THESE SO CALLED MBA GRADS FROM TOP OF THE MANAGEMENT SCHOOLS CHEAT PUBLIC AND DO NOT ALSO CONFESS AND MAKE USE AL LEGAL LOOPOLES IN THE SYSTEM AND PUNISH LOW ABIDIDING COMMON PEOPLE.

THIS IS ONE OF THE BIGGEST FINANCIAL FRAUD OF MODERN TIMES AND THERE SHOULD BE STRICT GUIDELINES TO DEAL WITH THIS AND PUNISHING SUCH FRAUD BANKS FOR THE PAST.