Standard Chartered Bank — od account against policy | |
This is to inform and need urgent action. I (Dheeraj singh chauhan / dheeraj. [protected]@gmail.com) got a call from aryan trivedi ([protected]) regarding over draft (Od) account opening on behalf of mortgaging life insurance. As i needed urgent money on less interest, so i continued my discussion with aryan. He then told me a plan, in which i can have an od account with limit of 15 lac (The amount which i needed). But to open that account i have to have a insurance policy with premium of apporx. 72000 per year. If i can get that policy than i would have to mortgage that to bank and then bank will open an od account on name of me. And in that case i just have to pay interest of 15 lac for 10 years and premium 70000 of insurance policy. Scheme will be like; Roi 7.25 per annam and on releasing basis.. Means need to pay interest only on withdrawn amount, which i'll be withdrawing from od account. And also i don't need to pay 15 lac after 10 years, i'll get noc from bank!! As if i withdraw 15 lac in first month than i need to pay interest on that amount upto 10 years plus premium of policy till 10 years. Per month interest on 15 lac - 9062 Interest - 9062 * 12 * 8 = 869952 (Interest tneed to pay only for 8 years, as waving off on interest for intial 2 years will be given to me) Premium for policy (As no gst on 72000 from next year) - 69000 * 10 = 690000 So total amount payable by me = 869952 + 690000 = 1559952 Policy will be mortgaged for security. Then he suggested to take policy from hdfc life. Plan will be hdfc super income plan. He use to call me daily 4-5 times. On 27 nov 2018 around 2:00 pm after discussion with aryan, i got a call from jaydev giri ([protected]). Jaydev giri described me plan to pay 69000 (+ 3000 gst only for first year) for 10 years and from 11 to 20 year i'll get cash back @12.5 interest rate (Amount will be approx 6, 09, 375). Also at the time of maturity on 20th year i'll get 9, 77, 625 rupees. So total will come around (15, 8, 000). Also jaydev told me that i can cancel the policy with in 30 days, after receiving hard copy of bond at my postal address. And i'll get full amount back into my account, without any deduction. Before around two weeks i pressurized him to get this process done soon as now i have registered for policy. Then he used to tell me like, please wait our bank has opened your overdraft account and dispatched the kit, sooner your are going to get that account kit. Also he is sending an executive to my office who will take signature on bond papers. But from last one week or two, i am trying to track aryan, but he is not picking up my call.in mean time i also got opportunity to talk with another executive of your bank, named ashish aggarwal ([protected]). My first request is, cancel my policy (Policy number[protected], for which i've not received any bond paper yet. I am surrendering this due to false commitment. Secondly, take a strict action against all the persons involved in this fraud scheme. Please guide me or put efforts to get all my money back involved in this process with compensation. Was this information helpful? | |
Standard Chartered Bank customer support has been notified about the posted complaint. | |
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+91 11 3940 4444
+91 11 6601 4444
19, Rajaji Salai, Chennai, Tamil Nadu, India - 600001
Persons (Aryan and Ashish) representing Stan Chart may be from HDFC Life as they forced me to go for HDFC life policy to get OD account from Stan Chart. So it'll great if you can also forward my complaint to HDFC life department.
Regards,
Dheeraj Chauhan