[Resolved]  Standard Chartered Bank — Unethical business practice-card no xxxx-xxxx-xxxx-3141

Standard chartered is the most unethical foreign bank operating in india with out any respect for law of the state.I had a credit card

from them and I used it only 3 o 4 times and paid all amount.Their agent told me that it is a free card for life with out any charge and after 2 years they asked me to pay annual fee.I told them that I am not interested and they can de activate my card.After that they didn’t sent me any statement or letters .But they reported my name as defaulter to CIBIL.RBI has given clear directive that bank should sent statements and intimations regularly to customer.



It is a shame that our central bank is not taking any action against such bank.They are clearly violating RBI directives They just want to make maximum money from indians, in which ever way possible, be it unethical, fraud or day light robbery and siphone off that money to US OR EUROPE.If you have any banking relation with this bank please close it as early as possible and make sure that you have a settlement letter from them.

The more bank with them the more will you be cheated.Their customer service is probably worst I ever spoke to.They behave in most careless manner to customers
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Aug 14, 2020
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I totally agreed with you as I had a terrible experience with it in many different cases. SCB becomes in the garbage grade by default if they never imporve soon!
I am staying in abroad, i used to send money each month for my family in India CITI BANK. From abroad the money i send by Telegraphic Transfer (TT ). It used to take 3-4 working days to reach the money to my CITI bank account. But now a days it is taking 15-20 days to reach the money. I enquire and got to know a very suprizing thing.

The Standard Chartered bank is the middle bank who take the money (which one i send from abroad to India) and diposit to my CITI bank account. Now a days Standard Chartered bank is not dipositing the money to CITI bank, even though they received the money from abroad bank. Standard Chartered bank keep the money with them for 1-2 weeks and earn the interrest on that money.

Why they are doing like this?????????????

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