[Resolved]  Indusind Bank — Settled credit card card closure - Case ID:03898464

Address:

Flat-007, Srivari Enclave, 1st Cross Road, Opp Horamavu Lake, Horamavu Agara, Horamavu, Bengaluru

I was holding credit card from Induslnd bank. When I was in Delhi, that was mis used and payments for the same delayed. Later when collection agency team approached realised that late payment charges and other charges were kept on adding evey month. Finally we were mutually agreed to settled the account by paying the settled amount. It was in year 2012 approxmately. The left over amount was very minimal. Now I have approached IndusInd bank to close the account complteley by paying the left over ammount. But i was shocked by knowing the amount which I need to pay for closing the account. They asked me to pay 1.8 lac for closing. What I didn't understand how come the amount is 1.8 lac when the leftover amount was around 20K i think. Seems like they kept on adding late payment and othe charges even on the settled account. Is it fair doing this? I need support to solve this issue.