Dear Sir,
I took PL of 1.25 lacs in NOv-2007 from HDFC. After paying 10 EMIs i recently get it top-up. During conversation with HDFC bank executive we agreed on 17% rate of Interest (monthly reducing) & processing charge of 1.5% on top-up amount. But, when i received debersement letter they charged mr processing charge of 2.25%. Now , executive is not responding to me. In this case what i can do ? pls. help.
Whatever be the nature of greivance against any bank, just do one thing
Email to the HDFC BANK OMBUDSMAN how you felt cheated as a customer and
Send a CC to the RBI OMBUDSMAN
HDFC Bank will promptly reply
Nowdays HDFC bank cheats a lot i believe if customers have to get their housing loan interest rates reduced they have to pay a special fee of RS 17000 odd and then they will look to conver it to market rates... my friend who was furious about this junked the bank and went to SBI which is a sleepy giant even ombudsman cannot shake them. LOL
NO! I meant if you spotted the bunch going by names like brahmakumari, madhwa, and the other names you mentioned, you said you would keep away.. thats what i mean by clannish belief
BTW tell me why should bernie madoff be given 114 years in prison... 114??? he is already 60?
Is there some secret to immortality that americans know?
You keep your money only in money markets at the dismal 3.5% interest?
Whatttttttttttttt?
isnt that too low an interest rate or has America put you in the mode of inertia with its dismal interest rates? Here in India 3.5% interest is scoffed at.
Justice has to penalie based on each ount/charges faced by the defendent. The tip off artist actually had 150+ years of cumulative prison term. Some times the judge allows concurrent penalty. So one 7 year is good or 2 charges.
For Madoff, guess even a prison in hell is not enough for ripping off so many old people who can not even recover from the loss now.
Perhaps you can drill some sense in to RBI because for some strange reason, it puts a cap of 3.5% on interest payable on NRE or NRO accounts. If you want to beat that, the next option is money market account that pays about 6-8% but taxable at the source upon redemption. All these assumes you do want/need T+2 liquidity.
As a result, no one bothers to bring real capital to India, just living expenses. Those who do bring in the capital, such as those post year 2003 IT employees from Satyam and Wipro etc , spend it on buying those pinkand dark green colored multistoried hole in the wall flats in slum areas all around in magnificent cities like Hydrabad and or Chennai.
RBI is apparently impressed with these dollar remittance to India for the purchase of land and flats, gold biscuits in the locker and records India`s growth at 6-8%. What a bloody joke called Industrialization of India.
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on buying those pinkand dark green colored multistoried hole in the wall flats in slum areas all around in magnificent cities like Hydrabad and or Chennai
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haaaaaaaaaaa
And you said gold biscuits stored in lockers.. especially southindian women will ask their men folk to buy them those goldy goldy things.HAAAAAAAAAAA.. my hubby warned me IF YOU ASK ME THOSE GOLDY GOLDY THINGS LIKE A DUMB WOMAN I WILL DIVORCE YOU.. and he also said he wouldnt want to buy any of those pigeon holes you mentioned. haaaaaaaaaaaaaaa
why 8% interest rate in money market account is a decent return. Are they as safe as FDs.. what are money market accounts btw? I am clueless about these things.
And on our FDs too we pay tax.
But what does FED get by lending at 0%.... What does that 0% fed interest rate imply?? couldnt quite get.. does it imply lending to banks or lending to customers.. whats the interest rate for an FD like instrument in US?
| NIFTY 
