RBI — email

Sir, ...i got an email similar to this type I would like to know how true is this?This is an official correspondence from RBI-Transfer Department, prior to the conversion and wire transfer of total funds directly to your receiving local bank account. Be informed that up till date, we are still waiting for your update on when you will be making the payment for Currency Conversion Charges, so that to enable us convert your Prize Amount into Indian Rupees before we can be able to process and complete funds wire transfer request directly to your receiving local bank account. Please do kindly get across to this office very soon, so that payment details can be furnish from the RBI-Commercial Brokers Department on how to deposit the expected currency conversion charges, in other to enable us
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Reserve Bank of India [RBI] customer support has been notified about the posted complaint.
Apr 04, 2015
rampratap9's response
i have taken a gold loan from IIFL narayanguda branch for RS 25000/my GL no is 3872020-and paid interest in the month of dec2014 at that time they had charged compound fees RS 500 extra and told me this compound fees is for single time and now today when i went to pay my interest they are again charging me RS 500 they are telling that this is for late payment for late payment my interest rate is already changed from RS 2.00 from RS1.50 then why i should pay a compound fees i cant able to understand the staff of narayanguda branch not at all giving me correct information regarding compound fees they are not allowing me to pay interest without compounding fees this is the only finance ltd who is taking compound fees other than manapuram or muthoot finances ltd . this IIFL is misguiding customers by collecting huge amounts at the time of taking loan they are telling something at repayment they are collecting more so kindly look into the matter and help me from above problem
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