Karur Vysya Bank — most worst bank and don't go to them and don't believe them at all.

Kesavulu Reddy N

from Bengaluru, Karnataka

Address:	Bangalore, Karnataka, 560068
Website:	www.kvb.co.in

I have taken a loan from them, loan no. [protected], my emis are due by rs.1519706/- from oct 1, 2017. By today i paid total of rs. 366643/-. Can any one imagine how much penal interest they charged and deducted for just 2 months for the amount of rs.1519706? They deducted rs. 55278/-. Is this we call as scheduled bank? Why rbi entertains this sort of bank to cheat public and charge like this. I want all the suffers of kvb to become one and let us raise our wise to rbi and all possible channels, let all other know about this cheaters. Respond to this one who all want to join or send me an email personally.

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Karur Vysya Bank customer support has been notified about the posted complaint.

Dec 05, 2017

Updated by Kesavulu Reddy N I have taken a loan No. [protected] and they are charing 14.8% as rate of interest and after lots of struggle it got reduced to 13.8%, where as after demonetisation and after RBI amended the rate of interests, they are still not ready to change rate of interest and no bank in India charges 13.8 as rate of interest by today and the loan is taken under floating rate of interest. In their website itself they mentioned https://www.kvb.co.in/global/MCLR_rates.html as 9% MLCR for above one year, so it should be max of 11% should be rate of interest, after approaching multiple times this stupid bank, still they didn't reduce and I am keep paying with higher rate of interest. Please don't go to this bank and join the hands with me, we will move this legally and move to RBI.