Union Bank Of India — Non Reduction in Interest rate after PM Announcement

Address:

Mumbai City, Maharashtra, 4000101

I am having a Home Loan Account No. [protected] with Union Bank of India, Kandivali (East)Loan Point, Mumbai, Maharashtra.
Previously the Interest Rate maintained was 9.35% but after PM announcement, i have checked with some of my friends and Colleagues who has home loan taken from different banks, And came to know that their Interest Rate Came down to 8.35% ( however they had to visit to the Bank and fill up the separate form to reduce the Rate).
Like wise I also visited Union Loan Point, Kandivali (east) Office and checked my Current Interest Rate which was still 9.35%. I asked them to let me know the Procedure to reduce the Rate as per PM announcement. Then they told me that They have received a Circular from Union bank Head Office that Interest Rate should not be Changed immediately and It will be Changed as per the Loan Sanctioned date for every Individual cases.
That means My Loan Sanction Date was in July End, so my interest will be Reduce as the Rate Going on in the Month of july 2017 and thereon. And I will have to bare this extra Rate till July' 2017.
Then what is the Meaning of PM announcement if People are not getting effect immediately. And Banks are not following the Orders.
Kindly consider this as my very serious and Official Complaint against Union bank of India, Loan Point, kandivali (east), Mumbai & do the needful.

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Regards
Jatin Dave
Mo. : [protected]
Mumbai