Saraswat Bank — fraud in sb a/c of shri. p. m. varkey no.[protected] of iit powai branch, mumbai-400 076, by giving unauthorized ach debit mandate.

Address:	400076
Website:	Fraud

Sir,
Sub:- fraud in sb a/c of shri. P. M. Varkey no.[protected] of iit powai branch, mumbai-400 076, by giving unauthorized ach debit mandate.
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I had received an sms from your bank, vk-sarbnk stating, “ach debit mandate in favour of bulk capital first limited bearing umrn no. Srcb[protected] has been accepted for your savings a/c22016”.

2. In the start i submit that i am in united states, chicago since last month. Considering the aforesaid sms received by me, i must state that i have not given anyone, any such authorization for any such “ach debit mandate in favour of bulk capital first limited” and it is not known as to how my bankers, i. E. Saraswat co-operative bank ltd, of iit powai, mumbai-76, has accepted such ach debit mandate, by which amounts can be debited from my savings bank account in the pretext that i have given such a mandate, probably for some loan taken, which is false, in my case. This is an absolute fraud, maybe with the collusion of the bankers.

3. I have not made any transaction with bulk capital first limited. I recollect in april or may 2014, i bought a refrigerator from croma in r city, ghatkopar and their salesman forced me to take a loan by which they claimed to give me a rs.500/- discount also stating i could make the payments of emi, to some capital first financial services ltd, which was debited to savings bank account from may or june 2014, till i finished off their payments, thus ending the matter.in such a case, i may have given some ach debit mandate then, that is in may or june 2014, against which they collected their amounts due, settling the matter or their claim. Considering present case, it seems the company m/s bulk capital first limited could have again presented a copy of the same debit mandate to the bank and my bankers have accepted it, without any scrutiny of dates to which, it belongs. This is improper on the banks part.
Moreover, presenting a debit mandate to my bankers of 2014, in 2018 and my bankers accepting the debit mandate of 2014 in 2018, that too, a debit mandate, which is redundant is again a fraud to fool the account holder and is a serious matter. Hence, you may kindly look my bank details of may or june 2014, which would evidence that the debit mandate given then, against which monthly emi’s were paid then onwards, is represented again and the bank is accepting such outdated debit mandate of 2014 in 2018, which is improper and a fraud.

4. Considering the aforesaid, as i have not given any such debit mandate or have taken any loan from them presently and as i am abroad, i request you not accept the debit mandate in question and not to make any deductions from my saving bank account 22016, with you. I have also asked my friend shri. K. Nanda having account in the bank and my brother in law shri samuel mathews to meet the bank branch manager to do the needful in the matter.
Yours faithfully,
Sd/-
(P. M. Varkey)