IDBI Bank Complaints & Reviews

My Home loan a/c is [protected] with sol id 012 taken from IDBI Bank, Shakespeare Sarani Branch in Kolkata. While sanctioning the original loan for the flat, they assured a garage loan and enhancement of the current loan to 85% of the property value at a later date. I booked the garage and paid 15% with my own funds. Then, when I approached them for sanctioning the loan, they collected all necessary documents required for sanctioning the loan. Then suddenly all concerned in IDBI bamk became mum and started to avoid my calls. Suddenly, after a month they said that because of change in some rules, the loan cannot be sanctioned. My reputation has taken a serious dent as I have become a defaulter. All home loan seekers - don't go for IDBI Bank. They are simply WORTHLESS. I am seriously thinking of moving to court to teach them a lesson. email [protected]@gmail.com

Sir

My name is Henry Lawrence Chettiar. I am the holder one of idbi retirement bond 96
purchased in Dubai. I left Dubai in 1998 for good for India, since then i have not received any corresopndence from the bank. because it was for a long term i completely forgot about this bond. I would like to know the status of my bond Folio No. 0326989. Certificate No. 00025847. Also if you could please provide me the correct contact adress of the bank regarding the bond & change of address.
my e-mail address is [protected]@gmail.com

Thanks

Although I have submitted all the docs. including
1) bond certificate of IDBI Deep discount bond 1997 bearing certificate No. 761989 Folio No. FDD081624
2) Death certificate of the holder
3) MAdhyamik admit card xerox of the nominee

on 03/02/2010 but yet I haven't received the redemotion money.
The bond is in the name of Late Panchanan Daw & the Nominee id Sumhaneil Datta.

As I am a student I want the money urgently.
KIndly arrange the same at the earliest as this things are harrasing me very much as I need the money urgently.

To
M/S Investor
services of India Ltd., Mumbai
Sub : Deep Discount Bond 96
Folio No.s FDDB 1261533
Certificate No. 01311316 Distinctive Number:[protected] Name of the Holder: k. venkatesh

I am holding the above mentioned IDBI Deep Discount Bond. i have made several requests to change nominee name in above bond. Because my father prosed my name while taking the above bond. He died in road accident and now i am major. So kindly ask idbi people on behalf of me to send me necessary forms to get change nomination in my bond. thanking you sir
pls let me know the status at the earliest.

regards,

I have purchased IDBI 6 Flexi bonds 22 of Rs.5000/-each bearing distinctive numbers [protected]-[protected] and certificate number[protected], however payment has not been received by me till date even after the expiry of maturity date(25.02.2008). Please let me know the position and issue the payment without further delay.
The other details are given below.
1.BSE code 961628
2. NSE code IDBI 0205NC
3. ISIN number:INE008A09BE8br...

I had applied for a home loan from IDBI Home Finance, Thane branch and the loan was declined on the selected property because the property was initially purchased and registered by a person in the year 2002 from the builder who later on changed his mind and canceled it and purchased another flat in the same building. Later on the same property is sold to another person by the builder who is now the present owner from whom I have decided to purchase. Now IDBI Home Finance is asking for the original canceled deed but the original canceled deed is misplaced by the builder. The lawyer in IDBI panel has stated that the flat can be mortgaged by that person and the canceled deed is needed. How can a person mortgage a flat after canceling a deed. When a property is mortgaged the original documents lies in the custody of bank and hence cannot be canceled and if canceled the bank won’t provide that person a loan and hence it cannot be mortgaged. Now the question raised by their lawyer is very illogical considering this matter. Also IDBI Home Finance is not making the matter clear and harassing me unnecessarily. First they told me to file and FIR with police for the lost deed and to get indemnity bond signed from the builder and present flat owner that there is no mortgage on it and then they will disburse the loan. Now after filing FIR they asked for the certified copy of canceled deed which was not told to me earlier and even after giving that now they again backtracked saying that nothing will work but I have to give them the canceled deed only after which they will disburse the loan amount. I request you to please advise me on this matter.

hi,

I have booked one air ticket paid by IDBI bank and then cancell it. So that amount need to be refund in my bank account. And they are not giving me any proper solution. every time they ask me to call tommorow. Its already been 3 weeks now. So i am frustated now, Please help me out of this issue. Please go through the chain mail.

Regards,
Pritesh yadav
[protected]



=========================================================================
On Mon, Jul 26, 2010 at 12:52 PM, pritesh yadav <pritesh.kr.[protected]@gmail.com> wrote:

Hi Sarabjit,

I am not getting any update from your side. Why this been taken too much of time to resolve this issue. I don't know what your backend tem is doing. request you to please get this issue resolve now .

Regards,
pritesh yadav


On Sun, Jul 25, 2010 at 5:12 PM, Sarabjit Kaur <[protected]@idbi.co.in> wrote:


Dear Customer,

We apologize for the inconvenience caused to you.
We are still coordinating with the concerned department and shall revert to you shortly.
Assuring you the best of our services as always & looking forward to a mutually rewarding relationship.
Regards,
Sarabjit Kaur
Customer Care Executive

-----Original Message-----
From: pritesh yadav (pritesh.kr.[protected]@gmail.com)

Date: Saturday, July 24, 2010 12:21 PM
To: Sarabjit Kaur ([protected]@idbi.co.in)
Subject: Re: Fwd: <[Ref-429961]>Cancellation confirmation for Trip ID:[protected]

Hi Sarabjit/Harshita,

Any update?

Regards,
Pritesh yadav


On Fri, Jul 23, 2010 at 2:26 PM, Sarabjit Kaur <[protected]@idbi.co.in> wrote:

Dear Customer,

Thank you for writing to us.
We are looking into the matter currently and request you to bear with us. We shall revert to you shortly.
Assuring you the best of our services as always & looking forward to a mutually rewarding relationship.
Regards,
Sarabjit Kaur
Customer Care Executive


-----Original Message-----
From: pritesh yadav (pritesh.kr.[protected]@gmail.com)
Date: Friday, July 23, 2010 01:13 PM
To: Customer Care ([protected]@idbi.co.in)
Subject: Fwd: <[Ref-429961]>Cancellation confirmation for Trip ID:[protected]

Hi Harshita,

as per discussion we had, The amount 2549 need to be transfer in my account [protected]. as per travel agency, that amount already been transfered in my IDBI account and they provided me one transaction ID also 34018765, and I have raise a complane also which is AS/EFT/1972010. But I am not getting any proper solution or satisfactory answer from IDBI customer care people. So I am frastated now. Please do the needfull or try to co-ordinate with travel agency and get it resolve now.

Regards,
Pritesh yadav
[protected]


[protected] Forwarded message[protected]
From: <[protected]@travelocity.in>
Date: Sat, Jul 10, 2010 at 1:58 PM
Subject: <[Ref-429961]>Cancellation confirmation for Trip ID:[protected]
To: pritesh.kr.[protected]@gmail.com



Dear Mr. Yadav,

Thank you for contacting our Sales and Customer Care Team.

As per your instructions dated 10 Jul 2010, we have canceled your booking for Suman Yadav, for Trip ID[protected].

Following are the cancellation charges:

Travelocity fee : INR 250 Per person
Airlines charge : INR 750
Total refund amount :-INR 2549

**Any discount or refund offered to you on this booking will be deducted from the refund value.

We will process your refund in 5 business days, although different banks may have varying timelines for crediting the refund back into your account.

Should you require further assistance, you may also contact us at the numbers listed below. Our Sales and Customer Care Team are open from 8am-8pm. We would be happy to serve you.

Calling from within India:
Tel:[protected],[protected]
Fax:[protected]

Calling from outside India:
Tel: +[protected]

Kind regards,

Kriti Dewedi
Sales & Customer Care | Travelocity India| www.travelocity.co.in

'Best Online Travel Agent in Asia Pacific' - TTG Annual Travel Awards, 2005, 2006, 2007, 2008 & 2009 |
'Best Online Travel Agency' - TravelWeekly (Asia) Industry Awards, 2007 | 'Best Travel Site in Asia for flights' Condé Nast Traveler, 2008

Travelocity.com Private Ltd. Reg. No.: U63040MH2006FTC163655 | This email is confidential and privileged. If you are not the intended recipient, you must not view, disseminate, copy or use any or all of this email. Kindly notify the sender immediately, and delete this email from your system.
Make your travels greener. Click here for tips.

Dear Sir,
I was holding the IDBI Flexibonds 22, 6nos,( face value Rs 5000, matured value Rs 6030 each) with Regd Folio no 22IFBD2530508, Certificate no[protected] . The same was matured on 25/08/2008. You had forwarded the cheque no 192936 dated 25/08/2008 of IDBI bank for Rs 36180/-. Because I was posted in Delhi during this period, the post was laying in my permanenet address at Kolkata. The same cheque lost it validity after two months.

I request you to issue another cheque for the same flexi bond maturity. Now, you can send me the cheque in the same address at 48, N K Chatterjee Street, Belgharia, Kolkata-700056. Payable account SBI, a/c no [protected].

I here by undertake that I will not use the expired cheque available with me once we get the replacement.

Regards

A Chattopadhyay.
Mail ID- [protected]@lntecc.com, Mobile no-[protected]

I hold Cert No.122786 Folio No. FRB006233 Distinctive No. [protected][protected] for 3 bonds IDBI regular Income Bond,1998 The bonds are held in the names of my mother Mrudulata Nagesh Nagvekar jointly with me Anuradha Chodankar. Please advise if the maturity proceeds for the same have been paid.

If the bonds are to be submitted what is the process and to which address the same are to be sent....

I HAD APPLIED FOR A HOME LOAN OF ONLY 11 LACS, ALTHOUGH MY ELIGIBILITY IS MUCH HIGHER, FROM THE IDBI HOMEFINANCE LTD AT BORIVALI BRANCH, ON THE 6TH OF JUNE 2010, BUT STILL NOW HAVEN'T RECIEVED THE DISBURSEMENT TILL DATE AS THE STAFF PARTICULARLY HANDLING MY CASE IS INCOMPETENT. DOCUMENTS HAVE BEEN SUBMITTED BUT THEY KEEP ON ASKING ME SOMETHING OR THE OTHER, THUS DELAYING THE DISBURSEMENT. THE STAFF/ BANK SHOULD CLARIFY THEMSELVES WHAT THEY NEED AND DO NOT UNNECESSARILY HARASS CUSTOMERS IF THEY DON'T KNOW THEMSELVES, THIS BEING DONE EVEN AFTER PAYING 1% PROCESSING FEES.
I JUST WANT TO BRING IT TO YOUR NOTICE SO THAT THE BANK STAFF SHOULD KNOW THE CHANGES IN THE SYSTEM AND NO ONE ELSE SHOULD SUFFER BECAUSE OF SOME INCOMPETENT PEOPLE.
THANKS
BENNY DIAS
MUMBAI
[protected]

I HAVE NO INFORMATION ABOUT THIS PRODUCT

PER MERE FATHER (Shri Narendra Kumar Tiwari) NE 24 JAN 1997 KO SBI Indore 2 Branch me IDBI FLEXIBONDS 2 Monthly Income Plan Applicatin No 5322749 me 60000/- Rs invest kiye tha, Uske bad iski Koi Information hamare pas nahi hai.
Kripya aap koi madad kare.

I PURCHASED 6 BONDS OF IDBI INFRASTRUCTURE (TAX SAVING) BOND(2005A) ON 21/03/2005 FOR RS 5000/- EACH. THE MATURITY DATE IS 25/02/2010, DISTINCTIVE NO-[protected]-[protected], REGD FOLIO NO-221FBE2470641, CERTIFICATE NO[protected].

MY CHANGED ADDRESS IS
FLAT NO-2B/11 SURYAVIHAR JUNWANI BHILAI DISTRICT-DURG CHHATTISGARH
MOBILE-91-[protected],[protected].

DESPITE SENDING REMINDERS TILL DATE I HAVE NOT RECEIVED THE REDEMPTION AMOUNT

Rs.1.00 Lakh tranfer from my acccount to another IDBI account.

When i ask IDBI they telling we don't know about that accoount holder. With out any address & ID proof account open. not contact deatils.

With out bank staff help this not happen.

Dear all close your account with IDBI quickly. other wise you loose you money.

The consignment no. [protected] (loan docs) has been originated from IDBI Bank , Mumbai Office to deliver the same to Mr.Niladri Ghosh, 1312, Syndicate Colony, 4Th Phase, Uliyan , Kamda, Jamshedpur(Jharkhand) , mobile no. [protected].

It has been confirmed by you that the consignmet is already delivered , however the beneficiary has lodged a complaint on non receipt of the same with the local Branch of IDBI BANK at jamshedpur and after that we came to know it has been delivered to wrong person. Pls update with the current status immediately.

Hi I appiled for HL to IDBI & bank sanction my loan on 31st May but even after two months they are still checking the docments & everyday saying to me for new document. I did blunder to apply to IDBI. Infact i send few doc via mail to them bt they didnt even open my mail & after 2 weeks calling me again & asking for same things again n again.

I suggest you plz dont go to IDBI bank its semi PSU then its worse than totally govt bank.

Hi Sir/Maam

This is to bring to your kind notice that I used to work for IDBI bank. I left the company long time back. I have not recieved my PF against PF number MH/117982/3020. I keep going to IDBI's office once in a month but i am not getting any respomnse from the management side. They gave me the PF number and asked me to check status online. Please do the needful.

Regards
Mayank Shukla
[protected]

To
Karvy Computershare Pvt. Ltd.
(KCPL)
Karvy House, 46 Avenue 4,
Street No.1,
Banjara Hills,
Hyderabad - 500 034.
Tel.[protected]
Fax[protected]

Sub.: Non- receipt of Redemption Proceeds of IDBI Deep Discount Bond ‘96

Reference: Holder's Name: Late Shriniwas Kabra

Certificate No. Regt Folio No. Distinctive no. No. of Bond

00410096 FDDB 0378859 [protected] 1

Current Address:

Niranjan Gopal Kabra
"VIVEK VIHAR", PHASE-5, BLOCK-3, FLAT NO.4B
493/C/A, G.T. ROAD (S)
P.O.:- SHIBPUR, DIST. HOWRAH
(W.B.) PIN -711102
Mobile No. [protected]


Dear Sir,

With reference to above investment in the name of my father Late Shriniwas Kabra who already died long back, recently we noticed that the redemption proceeds of same is pending in his account.

I therefore request you to kindly guide me to proceed in this case to get the redemption proceeds/ claim amount at the earliest and oblige.

You can make correspondence at my email address at [protected]@hotmail.com for a faster and easy communication too.

Thanking you in anticipation of an early reply,

Yours faithfully,




(Niranjan Gopal Kabra)

Yesterday Night, I have transfered Rs. 5100/- from my IDBI bank a/c to ICICI bank a/c. But by mistake, I have write Debit card N. as [protected] in place of [protected]. Due to which I have transfered my money in other customer a/c, So, I would like to request you , Pl. credit my money in my account after taking concern from IDBI bank. My name is Sanjay Agarwal & Cell n. is [protected].

sir. warrant no[protected] folio no161fb1654386 rs.28898/ deposited on 25/01/2008and warrant no.8042717 folio no.191fb1953994 rs.13400/were deposited my me to sbi ballia(0017) on06/01/2009 have not been credited to my ac no.[protected] as yet.they are not giving any satisfactory answer.kinly let me know to which account these warrants have been deposited or stop payment of these warrants.kindly help me to get my money.

My Grievance Case experienced on 31st March 2010–
I am shyam dawande, has following details –
• Institution Name – IDBI Home Finance Ltd, apte road branch, Pune
• Loan account Number –WESPUN00008392
• Outstanding principal taken for levying charges as on 31st March 2010– 27,63,942/- ( excluding Prepayment 205000 i.e. 2558942)
• Exorbitant Charges Levied – 4376/- ( 2% on 2,05,000 prepayment + 276 bouncing charges) Over and above , even 60973/- (2 % foreclosure charges +taxes )
• Disclosure of the terms and conditions in the signed agreement – No any
Explanation –
The officer and Branch Manager, reacted irresponsibility about giving the clarity of the clause for which they were charging the extra amount to me.
I am holding an account with the above mentioned institution, since April 2008. I had given a prepayment cheque of 2,05,000/- to the bank dated 11/03/2010. When I went to the branch for the foreclosure of my loan on 31st March 2010.
Mr. xxxxx told – on 31st March 2010.
• You cannot be able to pay 2 cheques in a one month i.e. prepayment and Final foreclosure cheques. Hence I will be able to accept your cheque only after 1st April 2010.
• Hence you need to pay an EMI for the April Month too i.e. 27358 EMI + 2% of outstanding principal + tax.
• The clause was not mentioned in my Signed agreement.
• He was not able to give this in writing. And advised to contact , Branch Manager

Mr .xxxxxxx told – on 31st March 2010

• Please come on first week of April, Now I am busy, all the necessary clarification and letter in writing will be given by me.
• Please don’t harass us now.
• When I was asking for a clarification again, and the written clause in agreement , why this was charged, he told wait for 10 mins outside.
xxxxxxxxx advised –
• You don’t have to pay entire EMI but, the amount paid by you as a prepayment – 205000/-, you need to pay 2% foreclosure charges (4100)+ bouncing charges (276).
• Give me a letter, to consider this as a special case and mention in that, it was advised to you, that you cannot do a prepayment and preclosure charges in one Month. Though it was not ADVISED by xxxxx.
• When I asked for the justification for 2% on 205000, he told. I am saving your ENTIRE EMI,this is a small amount, you need to pay. You need to minimum this amount. Else come on April Month and pay entire Amount EMI + Foreclosure charges +tax.

Issues –
• Why I was charged 2% on already,prepayment done 2,05,000 even it was not mentioned in the agreement?
• In private banks, while making a final foreclosure, I am supposed to pay interest diff + applicable foreclosure charges mentioned according to the signed agreement only.
• Why Even I was charged 2 % foreclosure charges on a principal outstanding even?
• Why my concerns were not taken into consideration?
• Why I was told to write a letter even it was not told to me
• Why I was misguided to pay for an EMI of April?
• Why I was told to come in Next Month?
• Why the bank didn’t give clause confirmation in writing?


Monetary loss –
• I paid this amount to the bank i.e. foreclosure charges of 60973+276 + 4100 on an outstanding principal of 2558942/- as on 31 st March 2010.
• I paid for foreclosure charges + charges on prepayment + bouncing charges + tax.
• Officer and branch manager didn’t guide me properly under the “ fair practice code” of the IDBI.
• There was no any such clause mentioned against the money demanded from me.







Assistance needed –

• Refund of my excessively paid amount i.e. 2 % on prepayment + bouncing charges
• Refund of excessively charged 2% on the Total Principal outstanding.
• Scrutiny against clarity of the agreement clause AGAINST Money demanded.
• Being in the financial service industry, I was told to write a falsifying letter even I was not told for the same.
• Irresponsible nature of the xxxxxxx
• Strict action against Mr.xxxxx and Mr. xxxxxxx