Legal Question in Banking Law in India

Re: regarding interest rate dispute

You may contact the

(a) Banking Ombudsman;

(b) make a complaint to the authorities, including the RBI.

(c) file a complaint with the Consumer courts.

Re: regarding interest rate dispute

The question you raised is such a ridiculous one I ever had in the recent times.I hope you would sign after accepting the terms and rules of the bank and at that time you might be clearly aware of the fact of the rate of interest charged by the bank.Now after your necessity is fulfilled how can you say that the bank is charging interest heavily.More than 50% of the customers in the banks are of your nature.I dealt a number of cases for banks and majority of the businessmen who have sought loans for thier needs agree to whatever the banks say and later deny of paying the interest.You can approach to any consumer court or banking ombudsman of the concerned jurisdiction but imagine that in future you may be disqulified in the eyes of bank for granting of loans.

Re: regarding interest rate dispute

you may contact the Banking Ombuds Man or you can write to the RBI.

you can also approach the consumer court

Re: regarding interest rate dispute

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