HDFC Bank Complaints & Reviews

Do not go with HDFC. They do not know about reduction in interest rate. They will only increase interest rate. Currently they are offering 9.75% for new customers. Do no get cheated by this. With in three months will increase it to 11.75 which existing customers are paying.

Absolutely agree. Mr Parekh should stop blaming SBI for gimmick and instead worry about the backlash on HDFC's high interest rates.

I have a home loan with HDFC since 2002.They have increased the EMI by INR 7000 every month and asking me to pay the increased EMI of 27000 every monthand also pay an arrears of Rs 49000.When RBI has slashed the interest rates i dont understand what they mean.Is it a punishment for opting for floating rates?

I agree with you.I have same sore feeling as well, Can we take upthis issue as group and stop this kind of harassment by HDFC bank
thanks and regards

Guys no point taking all this here lets get together & Take the fight to HDFC.

I have created a group on Yahoo join it so that we can approch HDFC with our demands.

changed the name of the group

http://in.groups.yahoo.com/group/hdfchomeloancustomers/



Nitin Grover
Advocate
[protected]

I am also a victim to this. Lets group and do a Dharna in front of HDFC bank. We should have banner against HDFC and also against Congress party who heads center. They have the power to control such a thing(via RBI actions/measures), but they are not doing so, since they are eating money from private banks. Let regroup and put up a big rally. I have created a group here, please enroll. The name is http://groups.yahoo.com/group/against-HDFC-injustice/
My name is Anil and I live in Bangalore. Let plan to group up and have a rally to protest. Please read the message on the above group and provide your ideas aswell. Again you can reach me at: Reach me at [protected]@gmail.com.

tranfer your home loan to LIC or new home loan
only BANGALORE CITY pepole contact

ASHOK RAJ
LIC OF INDIA
BAGALORE-560001
MOBILE NO-[protected]
E-MAIL- [protected]@yahoo.co.in

IN MY OPINION HOLDING DHARNA IS CRAVING IN FOR CHEAP POPULARITY AS IS COMMON AND PREVALENT ALL OVER INDIA. THESE ARE CHEAP POPULARITY STUNTS THAT POLITICIANS AND ALIKE DO. EVEN POLITICIANS ARE NOW REFINED AND ARE MORE AT PAR IN THEIR ATTITIDE AND FUNCTIONS AS IS IN VOGUE IN MOST OF THE ADVANCED COUNTRIES, THESE KIND OF ATTITUDE AND CHEAP GIMMICKS HAS TO BE PUT AN END TO. WE INDIANS NEED TO ADVANCE OURSELVES INTO MORE ADVANCED LEVEL OF THINKING AND POSE OURSELVES A QUESTION AS WHY THESE RATES ARE SWINGING? THESE ARE VAGARIES OF ECONOMIC CLIMATE THAT RULES ALL OVER THE COUNTRIES AND NO BODY COULD BE BLAMED ABOUT. PREMIER INSTITUTIONS LIKE HDFC. HDFC IS NOT A FLY BY OPERATOR WHO LOOKS FOR SHORT GAINS. IN MY OPINION THEY HAVE A LARGER SOCIAL RESPONSIBILITIES IN BRINGING INDIA INTO ITS FORE FRONT IN THE WORLD FORUM. IN THE HELM OF AFFAIRS OF HDFC IS THE MOST RESPECTED PERSON EVERY INDIAN WOULD KNOW OF IS MR DEEPAK PAREKH. LET US NOT REACT IN HASTE AND BE LOGICAL TO WHAT WE DO. AFTER ALL INDIA HAS TO SHINE AND MOTHER INDIA HAS TO BE IN FORE. JAI HIND. - RADHIKA

I took a HDFC home loan around 3-4 years back for 20 years and currently having a ROI of 11.5%. They are reducing it to 11% from the next cycle. I feel it should be far less than this...Any thoughts on what the actual interest rate should be and any solutions apart from transferring the loan to another bank?

I am also a victim of increased EMI by HDFC . I have a house loan with them since 2004.Inspite of RBI
slashing the interest rates HDFC hiked it and also made me pay rs 51000 arrears.This is traocious .My monthly Emi has laso increased by Rs6000

Hi,
I'm complaining against HDFC for un ethical business practises and also against the rBI for not regulating the pvt banks (ICICI and HDFC) from looting the public in the name of Floating Rate which only floats upwards faster than lower side.
pls join me or complaint against these two banks Online or thru simple e-Mail and or send the complaint and document against these banks at http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=164 there is provision to send the email online if not then note down the address and send your complaint to the relevant location
To complain against RBI pls send a formal somplaint and send the documents to

Reserve Bank of India,
Complaints Redressal Cell
Mumbai Office
1stfloor, Main Building,
Shahid Bhagat Singh Marg, Post Box No. 901
Mumbai 400 001.

or to

Shri. A.K.Bera,
Chief General Manager
Reserve Bank of India
Plot No. 3, Sector 10,
H.H.Nirmaladevi Marg
Cbd, Belapur, Navi Mumbai 400 614


Thanks

Vinayak

Dear Friend,

I would like to make you alert on few details regarding HDFC and other limited companies.

HDFC LTD is a limited company and is not a banking institute.
It is a self regulated financial organization and is not at all regulated as a refinancing institute or is not a Banking institute. Sales officers makes people fool by stating HDFC Home loan as part of banking division. Even interest rates charged by HDFC is very high which is increased in subsequent years.

As such rates of interests for home loan are definitely regulated by RBI but limited and private companies do not fall under their per-view. These companies fall under company Act and not under Banking Act.

At time of taking loan these companies promises low rates of interest and then increases rates of interest in subsequent years, which increases your burden of repayment in form of slow poison eating your lots of money.

I will share my personal experience:

I have a very bad experience with HDFC, My loan of 11 lac with tenure was only 20 years and was promised with 3% discounted rates for my loan account as the company with which I was working was a corporate client of HDFC, so my loan started at 7.25% rate of interest and a low EMI of 8595/- Rs only.

In later stages HDFC revised rates of interest stating that my loan is on floating rates, where as no discounted rates are applied to my account. More on no reduction in rates are done at all even when rates of interest of other banks and institutes fall down. Even when they offer low interest rates to new customers – on my inquiry they asked for a proceeding fees of almost 12 thousand rupees to revise the rates of interest.
My EMI is also revised to 10, 526/- Rs and the tenure is now increased. Today even after paying EMI for more then 6 years my tenure of repayment is more then 18 years and EMI is increased from 8695/- Rs per month to 10526/- Rs per month. So I will end up paying money to HDFC for more then 24 years.

So I will end up paying four additional years with new EMI to HDFC which will make me a loss of almost 10-12 lac rupees.

HDFC is offering new customer 8.25 rates of interest where as even when I am a old customer with corporate tie up with the company – I am charged almost 11% rates of interest and I am screwed up by paying more EMI.

I have started legal proceedings against HDFC – and warn you all that dont take loan from HDFC other wise your people will also end up in soup and will have to pay huge for small things.

REQUEST YOU ALL TO TAKE LOANS ONLY FROM BANKING INSTITUTES AND NOT FROM ANY LTD COMPANY--
Ask following questions at time of taking loan.

1.Is the company having word “Bank” in its name.
2.If the company is refinancing company - take in written that – rates of interest in the company will be regulated as per RBI norms.
3.Only those people whose files are not getting approved from banks and documents are not clear enough and are in need of loan should opt for such institutes, but mind it these ltd companies slowly increases rates of interest and eats away your lots of money charging high rates of interest.

PLEASE NOTE – HDFC is a limited company and not a BANK. Only banking institutes or company with word “Bank” in its name are regulated by RBI.
Before signing any document of ltd company please read the terms and conditions completely and take a lawyers advise if needed before going ahead to sign the same.

Please disseminate this information to all your friends and relatives so that they are not cheated by any private company in case of loans / home loans.

In public interest by:
Pankaj Kakani

I convereted the interest rate from 11.5 to 9.75 now they have again increased to 11%. Now they are asking me to pay 12k for 15L outstanding loan to get back to 9.5.
What the hell is going on? They are looting customers.
Its been less than a year I have paid them.
My number is [protected].

Dear All,

I have taken loan of 9 lac five yr ago @9% but since then I have been victim of higher interest rate change...on an average I have been paying 11.25%...now they have changed again to 12.25%...when I called them this time they said give 7500/- rs and can avail 9.75% rate, I don't understand why they are charging very high rate...after rough calculation I found that I over paid 65000/- rs in last five years. I do appreciate if any one give me good advice how I can fight with HDFC the money they have taken by cheating.

Shail

New customers will become existing customers soon.. They are going to face these issue soon. Dear all better to go with any Govt. bank.

LET US FORM A GROUP AND FIGHT AGAINST THESE RICH EVIL FORCES

PLEASE CALL ME : [protected]

Hi all,

This is very true.
Even I have taken loan from HDFC in Feb2008. And now still paying at higher rate,
But new customer are paying at low rate.
Everyone suffering at some extent because of global recession.
So this situation should be understood by Pvt. Banks and Govenment,
I think K Ramamurthy is right,
If no one is with us so we will be together and fight against it.



My mail ID is [protected]@yahoo.com

I got to know today from HDFC branch that the foreclosure charges are now at 3%. When I was in the bank waiting for my turn to talk to the customer care executive, there were lot of people like me for the same issue of transferring the home loan a/c to some public sector bank ( mostly to SBI). And to refrain people from shifting to other banks HDFC swiftly increased the pre-closure charges from 2% to 3%. So, Now the HDFC executive try to convince the customers that after considering the charges of pre closure (3% of balance amount) plus processing fees at the other bank the savings in terms of shifting to lower interest rate will not save much.

HDFC was very quick in following any RBI rate increase, but now when RBI has continiously been reducing the rates HDFC is openly not ready to reduce the rates. Moreover they are trying to trap the existing customers at higher rate or exit with higher charges.

Since home loans are long term...even a small 0.5% interest difference on a higher loan amount make a sizable difference in outstanding/tenure. And HDFC has atleast 3.5%+ higher rate of interest than others like SBI. Bottom line...Don't take HDFC LOAN...go for some PSU if possible

Guys no point taking all this here lets get together & Take the fight to HDFC.

I have created a group on Yahoo join it so that we can approch HDFC with our demands.

changed the name of the group

http://in.groups.yahoo.com/group/hdfchomeloancustomers/



Nitin Grover
Advocate
[protected]

Reposting my message from other folder. I challenge HDFC to prove me wrong. All facts are mentioned here are right and am ready to take on anyone from HDFC on a public debate. ...
Gone are the days they can say utter non-sense stuff like cost of funds etc. Read on ...


I am one among all of you. We suffered and still see big queue of people who are going to HDFC. They do not know. Soon those new customers will realise, they are going towards a highest interest rate debt trap, which they will be unable to get rid of. Please save them. Noone told me this when I went to HDFC for home loan (not once, twice for two loans)

My request to all of ... do not buy house by taking loan from private banks/HFCs. why .. read below even if you get loan at 6%.

1. First and foremost in 15-20 year cycle, the interest rate fluctuation will be roughly 50 times (each year HDFC does 4 times periodic revision, they increase/decrease or stay constant).
2. Each upward cycle (like from 2006 start to 2007 end) you interest rate will go up 3 to 4 %. In downward cycle it will come down 1% (say from 2008 middle to now)
3. So at end of 4 upward cycle your rate increased by 12%, decreased by 4%. Effectively your interest rate will increase by 8% on your base rate (starting rate say 8%). So your rate becomes 16%. Do you guys believe it!!! That's the truth

Please shout on the street and save people from not entering HDFC and ICICI. Do not talk to their agents. Draw you savings A/C money from them. Make them insolvent. Let them closed. Let them die like lehman brother's. They deserve this. Save people on earth. It's my request. We need a revolution. Today is the day. Come forward and save people. Do not take home loan from pvt bank and HFCs. If you do not agree and still go ahead. All the best!!! Sure you will write a bigger message than this in 2 years time and noone will there to save you.

This message not to encourage taking loan from PSU banks either. It's on my experience with HDFC, I am sharing. I am committed to block 100 people not taking loan from them.

Thanks guys,
i never thought HDFC would be so bad, was about to gon in for a Home loan, their initial presentation was also not satisfactory so i decided to check online to review HDFC home loans, and i think i have opened a pandora's box, now its a definite no-no to HDFC

HDFC — HDFC Savings A/c Interest not Paid

I had open HDFC bank Salary A/c to Nariman Point Express Tower branch. As out RBI rule I am eligible to get Interest on daily basis what amount in my salary account.

I have one year bank statement in that statement I have never seen any Interest paid by HDFC bank.

Please let me know what I have to do for that ?

- I am also one of the customer of HDFC Home Loans for more than 9 years. I live in Rajkot Gujarat.
- I borrowed the loan from HDFC in June-2003.
- I have paid all my loan installments, Interests, Additional Interests, etc. and whatever Charges they asked for.
- I cleared all my dues on 10-Sep-12 (HDFC Portal confirms the same and PDF file is attached to this message) and there no DUE from my side for HDFC Home Loans.
- I have been following up with Rajkot HDFC Home Loan Branch (ph:[protected] &[protected] branch but they do not respond me.
- On 12-Sep-12, I was asked to contact Ahmedabad office (note: while getting the loan I never had any communication with Ahmedabad office and ONLY Rajkot office was communicating), I called-up HDFC Home Loans Ahmedabad[protected] and talked to Mr. Farnendes, he assured me to "HE WILL CALL BACK WITHIN AN HOUR" but never called me back.

Please note that someone from HDFC Home Loans must be responsible to let me know the Exact date of releasing my Documents. This can give some confidence in functioning of HDFC Home Loans

Not only HDFC, AXIS is also doing the same, not reducing the interest rates for its existing customers.

August 21, 2009



The Manager

HDFC Bank

Car Loan Division

New Delhi.



Ref: Car Loan A/c No.14967577



Sub: Cheque Dishonored due to bank strike on 6th & 7th August-2009


Dear Sir,



Please refer to above loan account against our vehicle Honda City bearing registration no-DL-1YB-7075.



As per the schedule, Cheque for Rs. 22, 834/- to be debited to our a/c on 7th of every month. On 6th & 7th August, all nationalized banks called on a strike for two days. Due to this strike, no transaction was made.



Your bank has put the cheque on 7th August, knowing that that all the bank (Nationalized) were not doing any work, thereby making the same dishonored.



Now, we have been receiving regular threat from your bank regarding making of the payment. We do not deny for the payment, but we need to know why this transaction was made on that particular date, when the bank was not functioning.



Mr. Manan Chopra was continuously making us call for the payment. But we know a little intimation that the cheque no.31004105 has been returned back, as “the bank was closed or the account has no proper funding”. We suspect his identity that this man is not able to provide his contact (Cell no) to us for any communication. The phone, he is using to make threat is always rings, but nobody pick it us.



You must be aware, how can we hand over our cheque to a person who doesn’t have any proof for his identity and also any authority to collect the cheque.



You are requested to kindly send us an intimation / letter that or above mentioned cheque was bounced and a fresh cheque to be issued in this regard. It should also be mentioned that the bank will undertake that after receipt of a fresh cheque, our cheque no. 31004105 will not be put for clearing any further.



Thanking you,



Regards,





Krishan Dutt Yadav

Prop.

Alwar Tourist Transport Service

13-Suvidha Market, Kaka Nagar

New Delhi-110003

Tel: 24355266/24358636/24353070

Cel: [protected]/[protected]

My complaint is against the Collection Deppt. Credit Cards HDFC bank, Tilak Nagar, New Delhi ( Singh Enterprises). I female working there named Depika, is taking things personally. Always Threatning my self and my family is I do not get payment today I will see all of you. Always using un0parlimentry language and threating and abusing my 78 yrs old father and 74 yrs old mother saying is you canot pay then go beg for money and many more like this.
Today I had big trouble with my parents due to her and I had to leave my house with my wife and children. I am running from pillar to post for shelter now.That too after paying Rs 3000/- in cash to said collection agency, this female is still threatning me for another Rs 3000/- which I am not in a position to pay now.

Sandeep Bhagat
Previously at H-76, Shivaji Park
Punjabi Bagh, New Delhi
[protected]

pls give me bank statement for march month

I get call from this number[protected] This is actually a bank number. Acted as a courier company,

"You got a letter from a person. Shall I verify your address" asking a from this phone.

I had taken a Personal loan with HDFC bank. I had applied for 1.5 lakhs and at the time of taking the loan I was been told that only 1.5% of processing fee will be charged and no other charges will be levied for the loan.

But I was been charged Rs. 900 over and above the Processing fee and when enquired, I got a reply that that is agreement charges, transaction charges and insurance charges. I was not been informed at all about all these.

This is absolutely cheeting the customers.

Amount deducted without informing / confirming me

I had taken a Personal loan with HDFC bank. I had applied for 1.5 lakhs and at the time of taking the loan I was been told that only 1.5% of processing fee will be charged and no other charges will be levied for the loan.

But I was been charged Rs. 900 over and above the Processing fee and when enquired, I got a reply that that is agreement charges, transaction charges and insurance charges. I was not been informed at all about all these.

This is absolutely cheeting the customers.

hi my card no is:-[protected]

before 1 month i had talk to hdfac bank customer care credit card satelment department but not received any responce .
daily i am talking customer care department 10 times.

please solve my query.

Very Urgent

Today I tried to withdraw Rs.20, 000/- from HDFC ATM in Parry House (No.2 N.S.C. Bose Road, Chennai - 6 00 001) at around 12.40 P.M. with Axis Bank Credit card No.[protected] (A/c No.[protected]. But my card has come out from the machine stating sorry, unable to execute your transaction and Rs.20000/- has been debited in my account. Kindly look into the matter immediately and reverse the money today itself as I require the money very urgently.

Thanking you,

Mallika.V

PS: Also I have lodged a complaint with Axis Bank, Moore Street, Chennai - 600 001.

Cheating and Nuisance from Credit Card division of HDFC

I had a HDFC credit card. I was very propmt in paying monthly payments and never had any out standing balance in any credit card. Intially they said card if free card and 2/3 times, they tried to put yearly fees. I called and them said, if it is paid card, please cancel the card. Then they used to takeout yearly fee for that year. This kind of drama happened for 2/3 years.

ONE FINE DAY I GOT CALL FROM HDFC AND ASKING FOR LOAN ON PHONE CALL. I SAID, I WILL NEVER TAKE ANY LOANS, ESPECIALLY FROM BANKS LIKE YOU AND I DONT WANT ANY LOAN. THEN AFTER 2 DAYS, THEY HAD COURIED ME A CHEQUE/DD FOR 10, 000/- SAYING THAT I HAD REQUESTED FOR A LOAN OF Rs.10, 000/-. THEN I REACTED IMMEDIATELY AND MANAGED TO SENT BACK CHEQUE/DD AND AMOUNT WAS CANCELLED. WHOSE MISTAKE IS THIS?? DURING THIS TRANSACTION THEY HAVE REVERSED THE LOAN AMOUNT OF Rs.10000/-, BUT NOT THE SERVICES FEES OF ABOUT Rs. 300/400 (NOT REMEMBERING EXACTLY). EARLIER ITSELF I REQUESTED FOR CANCELLATION OF THE CARD. THIS DRAMA HAPPENED IN 2005/2006. TILL TODAY, JUST TODAY I GOT CALL ASKING FOR PAYMENT OF OUTSTANDING OF Rs.7000+. YEARLY ONCE THEY CALL ME AND I WILL EXPLAIN ALL THE DETAILS AND ALSO MET THE CALL CENTER MANAGER. THEY USED SAY WILL CLOSE THE ISSUE AND NEVER THIS WAS CLOSED.

How to handle these kind idiotic banks? They should be completely banned and removed from society. Day by day, these kind of cheatings are increasing.

I was a HSBC credit card holder.At the time of issuing my card HSBC executive informed me life time free card.I never used that card in any circumstances. But I'm frequently getting the statements with some irrelevent transactions like insurances, annual fee, interest on annual fee.etc.

Six months back i called to HSBC call centre and requested to cancel my card.That executive(Madhavi) replied that and informed me my card has been cancelled.But today i got july month statement.Please provide a solution for this.

HSBC is an international bank.I never expect this type of activities from this bank.

Kindly do the needful.

My contact number:[protected]

Regards,
Karthikeyan.

Dear sir/mam

I have applied online for a personal i have received a call from your repersentative stating that i have a call from you reperesentative from your respective location but still awaiting for the sam

kindly advise if i am not eligble for the same then i will try other alternate



regards
sifat anjum
[protected]

I want to add my e-mail and new number

My E-Mail Address : [protected]@yahoo.in
My Pohne Number : [protected]

Plz Any Statement for the mailing in My E- Mail . And Any Confirmation and Infromation Plz Contact my New Number

Hello sir Please Recharge my Prepaid moblie

plz update valid recharge amount for Airtel of Rs. 59 ( for STD balance )

i refilled for Rs.222 Recharge through hdfc online prepaid refill service for my idea mobile([protected])
balance not received amount reduced from my hdfc bank account transaction number is[protected])

SIR,
I HAVE A PROPER AREA FOR YOUR NEW BRANCH IN BALAGHAT ON RENT

& IF YOU ARE INTRESTED PLESE CONTACT ME MY ADDRESS IS

" Mr KULDEEP GANDHI STATION ROAD BALAGHAT"

well, i ve seen a lot of such cases even with my hdfc account also...Wen i call a customer support executive, he says that the amount will be credited within 4 working days...But this never happpened...Kindly look into this...

While mobile recharging through on line mobile refill after alloting the trnasaction ID the next process of asking CID and password menu not reflecting. Kindly look into the matter

FORM:
Leena Parashar w/o Late Sumit Parashar
43, New Hardwar Colony, Ranipur Modh,
Hardwar, Uttrakhand
To,
The Complaint Officer
HDFC Bank
HO- HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai, India - 400 013
SUBJECT: In regarding to the personal accident claim related to the ATM card.
Dear Sir,
In response to above cited matter it is noted to you that my Late husband Mr. Sumit Parashar opened a Saving Account No: [protected] in the year of 2008. In this respect, it is again noted to you that in the same account there was a facility of the ATM Gold Card bearing a free personal accident claim worth Rs. 500000/-
Please further note that unfortunately my husband expired on 10.06.2009 in a motor accident. Later after death of my husband, I wanted to know about the benefits of the same policy from your branch, the branch manager of your branch issued me a personal accident claim insurance form related to The New India assurance Company Limited. In this regards, it is again stated to you that the insurance form was submitted by me before the concerned authority/branch manager of your branch after full filament.
After passing a stipulated period, I made an inquiry to the branch manager of your branch, the branch manager told me that my matter does not come in the title of concerned policy so your claim has been rejected by the side of relative authority but all these information’s was given to me in orally way not in written way. I have already lodged my complaint in your feedback system and besides it; I have sent you many time e-mail messages as well as Registered Letters but till date I neither have received any type of response nor any reply at your end.
It is again requested to you to provide me all the Bye-Laws related to the personal accidental claim related to the ATM Gold Card and also provide me my rejection in written way within 15 days after receiving this request letter so that I may know whole the views on which basis my personal accidental claim related to the ATM Gold Card has been rejected by your side.
So in the light of submission as described aforesaid, I call upon you to examine whole the matter and arrange to pass out a reply in concerning matter of mine.
Thanking you
Sincerely Yours

(LEENA PARASHAR)
22.03.2010

i refill 50Rs Rcharge through hdfc online prepaid refill service
balance not received amount reduced from my hdfc bank account trancation id is :[protected] ideal mobile no is [protected] retun my amount same the hdfc account or refill now



regards
bsrao

hello sir,
i refill 111Rs Rcharge through hdfc online prepaid refill service for idea moblie balance not received amount reduced from my hdfc bank account trancation id is :[protected] idea mobile no is [protected] retun my amount same the hdfc account and tell me how many days it will take to credit my account

[protected]ONLINE PREPAID REFIL
i refill my Tata Docomo number recharge through hdfc online prepaid refill, but transiction is failed. Balance will be reduced 100 rupees . Please to be that balnce return to be my same hdfc account.
Regards,
R.sathish kumar

i tried to refill my aircel phone for amt- 158 ...amount was debited by transactin failed..return balance, transaction id is
TNR[protected]

hi,

My airtel no is [protected] today on 17April 2012 i have recharged an
amount of Rs200 through online your online recharge system. At the last
stage of the transaction shows that my no does not recharged due to
server error but unfornately rs 200 deducted from my hdfc bank account.

My bank statement shows

17 Apr 2012 POS [protected] BHARTI AIRTEL LI [protected] 17 Apr 2012 100.00 11:27(Time)
17 Apr 2012 POS [protected] BHARTI AIRTEL LI [protected] 17 Apr 2012 100.00 11:30:25 (Time)


hdfc account no is
[protected]
customer id is
42405741


Please look after this matter.

Thanks regards

Ankan Mondal

I understand your concern, there are people with similar concerns in following group. You can join th group and share it with other members and take a joint action.Read below

(CONFIDENTIAL AND WITHOUT PREJUDICE)
Attn : Existing HDFC Home Loan Customers - Join Yahoo Group The existing customers of HDFC home loan have formed a group at Yahoo Groups by the name of 'hdfchomeloancustomers' to address the concerns of existing customers who are paying high interest rates. The group unites Hdfc customers and intends to take the issues like high interest rates, conversion fee, increase in loan transfer fee and treatment of old customer's with HDFC. The group is very active, vibrant with people from diverse vocations and regions. Please join the group. Please forward to all you know are HDFC customers"

Dear Friend,

I would like to make you alert on few details regarding HDFC and other limited companies.

HDFC LTD is a limited company and is not a banking institute.
It is a self regulated financial organization and is not at all regulated as a refinancing institute or is not a Banking institute. Sales officers makes people fool by stating HDFC Home loan as part of banking division. Even interest rates charged by HDFC is very high which is increased in subsequent years.

As such rates of interests for home loan are definitely regulated by RBI but limited and private companies do not fall under their per-view. These companies fall under company Act and not under Banking Act.

At time of taking loan these companies promises low rates of interest and then increases rates of interest in subsequent years, which increases your burden of repayment in form of slow poison eating your lots of money.

I will share my personal experience:

I have a very bad experience with HDFC, My loan of 11 lac with tenure was only 20 years and was promised with 3% discounted rates for my loan account as the company with which I was working was a corporate client of HDFC, so my loan started at 7.25% rate of interest and a low EMI of 8595/- Rs only.

In later stages HDFC revised rates of interest stating that my loan is on floating rates, where as no discounted rates are applied to my account. More on no reduction in rates are done at all even when rates of interest of other banks and institutes fall down. Even when they offer low interest rates to new customers – on my inquiry they asked for a proceeding fees of almost 12 thousand rupees to revise the rates of interest.
My EMI is also revised to 10, 526/- Rs and the tenure is now increased. Today even after paying EMI for more then 6 years my tenure of repayment is more then 18 years and EMI is increased from 8695/- Rs per month to 10526/- Rs per month. So I will end up paying money to HDFC for more then 24 years.

So I will end up paying four additional years with new EMI to HDFC which will make me a loss of almost 10-12 lac rupees.

HDFC is offering new customer 8.25 rates of interest where as even when I am a old customer with corporate tie up with the company – I am charged almost 11% rates of interest and I am screwed up by paying more EMI.

I have started legal proceedings against HDFC – and warn you all that dont take loan from HDFC other wise your people will also end up in soup and will have to pay huge for small things.

REQUEST YOU ALL TO TAKE LOANS ONLY FROM BANKING INSTITUTES AND NOT FROM ANY LTD COMPANY--
Ask following questions at time of taking loan.

1.Is the company having word “Bank” in its name.
2.If the company is refinancing company - take in written that – rates of interest in the company will be regulated as per RBI norms.
3.Only those people whose files are not getting approved from banks and documents are not clear enough and are in need of loan should opt for such institutes, but mind it these ltd companies slowly increases rates of interest and eats away your lots of money charging high rates of interest.

PLEASE NOTE – HDFC is a limited company and not a BANK. Only banking institutes or company with word “Bank” in its name are regulated by RBI.
Before signing any document of ltd company please read the terms and conditions completely and take a lawyers advise if needed before going ahead to sign the same.

Please disseminate this information to all your friends and relatives so that they are not cheated by any private company in case of loans / home loans.

In public interest by:
Pankaj Kakani

HDFC Credit Card — charging interest

I have been charged interest on my credit cards despite paying the entire outstanding. They have smartly debitted the account post the last date of payment despite me dropping a cheque for both the months - 2 days before last date

This is a good way of making money.

Unjustified Dues — : Unjustified dues showing repeatedly in the statements in spite of sending complaints.

Sub : Unjustified dues showing repeatedly in the statements inspite of sending complaints.

Ref: Credit Card No:[protected]

Dear Sir,

Inspite of any e-mail dated 14.03.08 & 30.04.08 and besides numerous telephone calls to your 24 hour help-line, my problem regarding unjustified outstanding amount has not yet been resolved rather the same is going on increasing as usual fashion. The brief details the long episode are again furnished to you—
• Against statement dtd. 29.12.07 showing total due amount of Rs. 19623.42, an amount of Rs. 18706.08 was paid after detail telephonic discussion with Mr. Sajid ([protected]) on 05.01.08 as agreed upon.
• Surprisingly in the statement dtd. 29.01.08 the earlier due amount i.e. Rs. 917.34 was not reversed rather reflected in the statement. Again the matter was informed over telephone (customer care [protected]) on 08.02.08 and the legitimate amount of Rs. 443.08 was paid on 08.02.08.
• The same unjustified amount was repeated in the statement dtd. 01.03.08 and against the matter was briefed to Mr. Shib/ Ms. Radhika and I also requested to cancel the card if the due amount is not reversed back.
• Informed the total matter over e-mail dtd. 14.03.08.
• The same thing again repeated in the statement dtd. 29.01.08 showing total due amount as Rs. 2146.92.
• Meanwhile you sent one of your representatives at my residence when I was not there. My wife gave him my mobile no. But none interacted with me. It is quite objectionable to me.
• I got a letter from ICICI dtd. 03.04.08 Lombard and I asked them to stop the renewal of policy on 12.04.08. against any will.
• After receiving the last statement dtd. 29.04.08 showing the total due amount of Rs. 3076.25, I again interacted with Mr. Kiran on 08.05.08 and registered my problem explaining the earlier matter.
As per instruction I tried to contact Mr. Sharma[protected] since 8th May but Mr. Sharma did not find any time to discuss the matter till date.
Under this situation I would once again request you either waive all the interest, late payment fees and service tax charged since Dec’07 or please cancel the card with intimation to the undersigned immediately.
I confirm you no more correspondence shall be made from any end if you going on sending the statement without resolve the unjustified dues.

PLEASE TREAT THE MATTER AS URGENT

Thanking you

Yours faithfully



(Sajal Chatterjee)
38A, Canal west Road,
Kolkata- 700 004

Dated: 03.10.2010

To
Indian Consumer Complaint forum

Sub: Complaint Against HDFC Bank Credit Card Nuisance

Reference : HDFC BANK CREDIT CARD NO: [protected].


Dear Sir,


I regret to inform you and for your kind notice that I was holding and HDFC Bank Credit Card vide no: [protected]. In that card, my credit limit was Rs.2, 38, 000/- and after that Bank has revised and reduced the Credit Limit from Rs.2, 38, 000/- to Rs.1, 77, 000/-. I have used my Credit Limit and I have already paid Rs.2, 77, 371/- against my Card as per their statement dated 17.03.2010. I had no outstanding against my Card. Only some Interest Charges were Lying in my Card.

On that basis, I have requested to Bank to settle and convert my some Interest dues amount sympathetically in to fresh simple EMI after reversing all the Late fees, Extra Interest Charges and the unnecessary fees charged by the Bank Intentionally. Due to my tremendous financial problem, I was not in position to submit my children’s school fees and house rent also which already I had discussed this matter frequently to their customer care executive over phone & at least 14 to 15th times and sent 14th to 15th frequent reminder letters also.

If you see the Receipts & Payments A/c of my Card, from beginning to end then you can easily observe that, I have made already over and excess payment against my used amount through card. If you see my accounts I have already paid the excess amount which the money I have used through Card. If the bank waive my unjustified Interest and Late fees, then nothing outstanding will be pending against my card. Which amount I have used against my Credit Card, Out of that, I have made excess payment against my used amount.

Being a preferred customer for long time, I have changed my address, phone no etc honestly. As a result of which, their Recovery agency/goons have started to hassle me mentally and also my wife, not only that, they also used abusive and very rough language over phone and came to my office and insulted me in the front of everybody with very abusive and slang language and told me to make the payment immediately, otherwise they will attack me and my family with their team and told me that, they will thrash me in the front of my society and also told me that they will abolish me from my job. I am a very simple Private Company’s employee and simple middle class family. That incident happened for last 5 to 6 months. After completion of their mental and physical harassments, HDFC Bank has sent the Legal court notice to my address. I am a very simple and middle class family member and a very simple employee of a private company. Bank continuously pressurized me to take the credit card.

Trying to claim huge amount intentionally from customer, that is the practice of HDFC bank .Please tell me, Is it a Reputed Bank ???

My Credit Limit was Rs.1, 77, 000/- and I have paid Rs.2, 77, 371/-. If my intention was bad then, why I will make the payment for Rs.2, 77, 371/-. Their Intention is how to raise the Interest amount and late fees unnecessary and pressurize to customer mentally. Trying to claim huge amount intentionally from customer, that is the practice of HDFC bank . Is it a Reputed Bank ???

Due the tremendous mental harassment to me and my family, My wife is not well and she also feels very insecurity. Please help me and my family from HDFC Bank’s Credit Card nuisance.

Thanks with Regards,

Manas Ray Chaudhury
Bhopal.

NB: Threatening Calls came from Phone no:[protected]. Mr. Manjit, Mr. Hitesh, and one Lady (Not told her name)

[protected]Mr. Sunil, Mr. Dubey [protected])

NB: In spite of repeated request, the HDFC Credit Card Division were not Co-operating with me. Their actual Intention is bad and how to harass the customer mentally and physically in public place.

Want to redeem the points against my credit card

Would u plz let me know how to claim rewards Point. I hv HDFC Gold card rewrads points

SIR/MADAM, I HAVE TAKE REWARD POINT FOR MY C.CARD NO.[protected]. PLS MY REWARD POINT GIFT DISPATCH AT MY HOME ADDRESS 6-52-52, NIRMAL PURI, LAJPAT NAGAR-4, NEW DELHI-100024

I have opted for Balance Transfer and CUST service said that they have changed the process as we need to fill in a form and drop in drop box. I did the same and when i call up after a week they said they did not receive my form, they might have misplaced it.

Immediately i called up CUST care and told them that it is very urgent and i need to pay the amt in another credit card by 5/5/2009 and the Manager had promised that i will received the check by 5th of May.I also filled another form which he asked me to fill up but when i call up on 5th the manager was saying that it takes time u need to wait.Now i need to bear the heavy charges by other bank credit card.

If he did not promise me, i would have arranged an alternate.If the Employees give the wrong commitment, like this they will loose the genuine customers and finally they trust people who defaults.Some action needs to be taken on this. My Creidit card no [protected] Name : K.Santosh Kumar

What is the reward / gift for 1400 points

Hello,
I am using HDFC Platinum Credit card,
Please let me know how can i check gift gallery. i have approx 1000 reward point
Thanx

Hello,
I am using HDFC Platinum Credit card,
Please let me know how can i check gift gallery. i have approx 800 reward point
Thanx

plz let me know how i can check gift galary i have approx 450 points

what to with my credit card points ?
how to use them to buy anything online ?

Your reward claiming process is very vague and Inspite of being highly educated finding it difficult to encash my reward points. Please help me in encashing points

Hello,
I am using HDFC Platinum Credit card,
Please let me know how can i check gift gallery. i have approx 1080 reward point
Thanx

HELLO
I AM USING HDFC PLATINUM CREDIT CARD
PLS LET ME KNOW HOW CAN I CHECK GIFT GALLERY. I HAVE APPROX 2600 REWARD POINT

hello
i am using hdfc visa signature chip credid card, please let me know how to check gift gallery, i have 8933 points

can you please post your mobile number and company that you work for?????