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Cspdcl — Security deposite

Why cspdcl is adding security deposit in the monthly bill. I don't understand why they are in need of SECURITY DEPOSIT.
They say that it will be returned when the meter is surrendered. Secondly, there is no upper limit to that deposit. Third, they do not adjust the outstanding amount the next month, instead add the penalty while keeping the SD. Why will they keep the money and impose penalty of late payment giving us the least interest on it. it seems it's happening only to show the govt. that they are achieving there hypothetical target
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Updated by hemantraj Jan 30, 2017
The word ADDITIONAL has been introduced to the bills in the best way. It could be suffixed by any charge, surcharge, bill, energy as they used with "deposit", by a simple resolution. Also, every year number of consumer is increasing as well as their rate per unit. I don't know how they are earning profit to distribute 6℅ to us. I doubt that they have opened the SIP, Monthly income scheme, or a Bank, or they might have shifted to another business.
Updated by hemantraj Feb 02, 2017
still no reply from that Dept.
Complaint comments  1 CommentShareTweet

Comments

I agree with you. Although I understand the collection of security deposit has been imposed via a "resolution" by the Board of Directors on 14th of May 2013 and signed by the Chief Engineer (Comml), Raipur on the 25th of May 2013, very prompt- (file:///C:/Users/hp.hp-PC/Downloads/[protected]%20(1).pdf), which basically states that they have taken a decision that "Additional SD be paid by the consumers as a result of the review by the company in April, and that the said SD will be claimed from the customers by adding it along with running bills in the month of December and January". OK so CSPDCL will collect extra SD, great, Why??? No reason whatsoever. Through this SD the customer will earn an annual interest of approx 6%, great. Where does this interest amount go? No Clue. And why can't CSPDCL either adjust this interest amount annually in the immediate running bill or give this interest back to the customer? No Clue. As I mentioned earlier, I understand that they are taking Additional SD, but at least tell us why and what are they doing with the interest on each every SD??? Where is this interest amount going? There needs to be a clear explanation this.

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    Raipur, Chattisgarh
    India

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