Reliance Capital — interest not received on security deposit with reliance capital ltd.

Address:	New Delhi, Delhi
Website:	www.consumercomplaints.in/reliance-capital-b110823

M/S VISHAVKARMA ELECTRONICS (INDIA) was disbursed a lOAN Amount Of Rs. 1742029/- vide loan agreement no.RLSLDEL[protected] towards customer ID NO. 1076167 . Against which we had deposited the security deposited of Rs.435507/-bearing [protected]@8%p.a.
With reference to abovegiven loan details it is submitted that this loan was granted for 48 months, and as on 16.09.2017 principal outstanding was Rs.274737.40/.only As on 22.09.2017 we requested the branch manager to adjust the amount of balance 6 installments against security deposited and accrued interest thereon lying with them.
For this purpose our authorised person visited the BRANCH OFFICE AT ISHWAR NAGAR NEW FRIENDS COLONY NEW DELHI ON 22.09.17. With a request letter about foreclosure of loan . Matter was discussed with Ms. Pooja .In this letter it was specifically mentioned that balance outstanding loan amount should be adjusted against SECURITY DEPOSIT AND INTEREST THEREON.That time she told that prop. of this co. is required to come personally for foreclosure of this loan account.She did not told us that if we do foreclose the loan we will not get the interest on security deposited by us.
After that nobody visited the Reliance office and we did not get any mail or letter from their office.
And mr. gurmeet singh kalsi received a payment of Rs.1, 57, 140.28/-in bank account with SBI.(only security deposited amount of Rs.2, 78, 402/-was adjusted whereas interest on securiy deposit was not credited in ur account)

GRIVENCE. is that your official person Ms Pooja should inform us that if we do foreclose the loan than we will not be entitled for any interest on securitydeposited with them .If she could have informed us that time, We might have droped the idea for foreclosure of loan.It is a direct loss to in lacs to us.Your is abig corporate finance company, This type of dealing may hurt your business in future.

A request letter was also given to office at (260-261, Ishwar Nagar, new friends colony west New Delhi, 110065) on 28.09.2017 but did not receive any response.
So it is our humble request to give us the interest amount on security deposit otherwise forcebally this matter will go in litigation, Which is not good for a corporate office.

Please revert regarding this matter on urgent basis, do the needful & oblige.

Thanking You

Faithfully
For VISHAVKARMA ELECTRONICS (INDIA)

GURMEET SINGH KALSI