Reserve Bank Of India [RBI] — Complaint against hdfc bank of collecting preclosure charges inspite of the rbi circular dated 7 may 2014

Address:

400102

We had availed following two loans from hdfc bank in the year 2010 and 2011 of the below given bank sanction details 1 )loan account no[protected] amount 4400000 in the name of gulbanoo razak chhapra, usman razak chhapra, salman razak chhapra 2) loan of dropline overdraft facility - ref no[protected] dropline overdraft account no - [protected] amount 5000000 in the name of gulbanoo razak chhapra, usman razak chhapra, salman razak chhapra both the loans have been preclosed by us . Inspite of the new rbi circular dated 7 may 2014 bank was not entitled to collect the foreclosure charges from us . We have paid foreclosure charges 31800 and 60374 respectively for closing both the loans . The rbi circular does not permit the financial institutions and banks to collect such foreclosure charges on the loans sanctioned to the individual borrowers the bank sanction copies clearly shows that the loan was sanctioned to the individual borrowers . The rbi circular clearly states of waiver of foreclosure charges / pre-payment penalties on all floating rate term loans and not just home loans sanctioned to individual borrowers i would also like to inform u that another loan against property is closed by us now which we took from another institution 3 years back . They also charged us 0% foreclosure charges inspite of mentioning 3 % charges in the agreement . They charged me 0 % just because of the rbi circular . I requested by mail to the hdfc bank on [protected]@hdfcbank.Com .My complaint reference no is[protected] hdfc bank denied to reverse my amount inspite the rbi circular kindly help me in this matter and get my amount reversed of rs 92174 at the earliest . My hdfc bank account no - [protected] my name is salman razak chhapra . Mobile no - [protected] .Email - [protected]@yahoo.Com