State Bank Of Mysore — RD of Rs.500 matured & to open a new one of in that place rejected by Ramamurthy Nagar Br.

Address:

Bangalore, Karnataka

Sir, I am an savings account holder of your esteemed bank since its beginning at Ramamurthy nagar branch. I SB a/c.#[protected]. I have about a dozen RDs to meet my requirements. All the amounts are remitting through standing instructions. I was not having any problem so far. This time, after closing the RD of Rs.500/- & to open a new one in that place, the application along with cheque returned stating that since june SBM stopped the RD & minimum amount should be Rs.1000/-. To my surprise the manager also confirmed that it is true. I got information from SBM K.R.Puram br. that there is no problem to open RD for Rs.500/- I told this information to the manager of R.M.Nagar br. but he also said that the system will not accept it. I checked with other core banks like Syndicate bank & privivate banks ICICI & understood there is no RBI rule exists to stop this RD operation. Due to my request the manager tried opening internet RD for Rs.500/- & he got suceeded. Now he asked me to give application for trial. Please instruct the SBM R.M.nagar bank staff not to disappont its customers with false information. Thanks.