Payment of lower interest for FD as against rate mentioned in FDR
3 years ago
I am being paid lower interest on my FD as against the one mentioned in the FDR. What should I do? Can the bank say you are paid at discounted rate as you are taking monthly interest and this is only oral and no need to mention in FDR. Are there any RBI guidelines allowing banks to fix discounted rate and say it is oral and will not be mentioned in FDR. Please advise for further steps I need to take.
A.Dear Sir,
You may approach Banking Ombudsman or Civil Court if your budget allows.
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You may approach Banking Ombudsman or Civil Court if your budget allows.
Rate me Five Star*
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Jagannath S Pawar
Responded 3 years ago
A.Please approach Chartered Accountant in this regard. As per our view, he will guide you better. Regards
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