Ministry Of Finance Govt. Of India — education loan account no.[protected] - excess claiming of interest subsidy by indian bank _reg.

Address:	Indian Bank, Thanjavur Junction Branch, 1087 Mission street, Thanjavur, Tamilnadu., Thanjavur, Tamil Nadu, 613001
Website:	thanjavurjunction@indian bank.co.in

I am co-borrower of education loan account no. [protected] maintained by indian bank, junction branch, thanjavur - 613001, tamilnadu. My son vikrman is borrower and my wife maheswari is guarantor.in the canara bank portal, for the loan amount rs.5, 65, 000/-, interest subsidy claim has been uploaded as rs.1, 74, 000/- for[protected]. It was found excess of about rs.1, 00, 000/. When i asked the reason, the chief manager mr. Ramanathan did not give proper reply and hence i asked complaint book to make entry. But he did not give it. He got enraged and initiated action under sarfaesi act. I made objection in written not to continue further action under sarfaesi act before settling the subsidy issue.in order to hide his faults, he furnished false reply that the loan had been sanctioned under non-iba scheme. I suspect that he might have tamper the records. More over, it is questionable that if the loan had been sanctioned under non-iba scheme, how the claim for interest subsidy could be uploaded in the claim portal. Hence i sent a letter to the md, indian bank on 25.02.2020 to consider my grievances proposal for three years have been uploaded in the canara bank portal but no claim was credited in the said education loan account. Hence i suspect that the interest subsidy claims might have been misappropriated.in the same manner, he may adopt the tactics of claiming excess subsidy amount in some other education loan account for misappropriation. Please take appropriate action sir. I herewith uploaded the screen shot of the canara bank portal for reference.