Exra amount deducted from account for emi option in bajaj finance
Exra amount deducted from account for emi option in bajaj finance
I purchased washing Machine emi option from Bajaj finance. After 10 months we realized more emi is taking then we went to shop there they said exyra warrenty they added to emi after 10 days. So with o
5 months ago
A. Dear Client,
When a product is bought under a Hire Purchase Agreement and financed by an NBFC/FI, then being a customer you should go through the terms and conditions of that agreement which is typically made by the financier in connivance with the authorized selling outlets to gain extra from the deal. So, by signing that agreement you accepted the terms of the financier neither you can take the stand of ignorance nor ask for further communication from the financier regarding the addition of th ...ReadMore
Loan forgiveness
I took personal loan of 3lacs from icici bank of which 1lac as principal and 72000 of Intrest I have already paid but in 2022 I lost my job and since then I haven't paid any amount to them . What can
5 months ago
A. Dear Client,
Once the EMI against a loan is not repaid for consecutive 3 times by the borrower for any reason whatsoever, it is treated by the Bank as NPA. Accordingly, the Bank sends notice to the Borrower asking him/her for repayment of the entire dues lying against your loan offering suitable terms. In the absence of any response from the Borrower, the Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the ...ReadMore
cyber crime freezed bank account.
cyber crime freezed bank account., how to write them or get it sorted
5 months ago
A. Dear Client,
The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime scams or complaints online and once a cyber crime scam is reported online to NCCRP, on the instruction of Cyber Crime Cell, investigating team started the routine process of investigation immediately freezing the suspected accounts of fraudsters and the victim's Bank account and you have to wait for the completion of the investigation ...ReadMore
Credit card settlement
Hi I have icici bank credit card and limit is 2.5L.During 2021-2023 I have paid 4.25L double of my credit used.All my minimum payment went into interest .I approach bank for settlement but they settl
5 months ago
A. Dear Client,
If you are harassed by the bank or the recovery agent, then you can resort to the police station and can file a complaint. You can file a civil injunction suit in court with interim relief against the bank and recover damages for harassment. Legal action against the authorities will prevent creditors from visiting the person's home to recover their credit. Further, approach the bank again and explain your financial situation. In addition, request a lower settlement amount that you c ...ReadMore
Can a PSU bank employee on probation join union strike
Sir/Mam, I want to know can a PSU Bank employee on probation join strike/protest at street with union/association. Will it attract any disciplinary action/termination from bank
5 months ago
A. Dear Client,
In India, the right to participate in strikes and protests is generally considered a fundamental right. However, this right is not absolute and can be restricted in certain circumstances. In general, employees, including those on probation, may have the right to participate in peaceful strikes or protests as a form of expressing their grievances or concerns. However, it's crucial to carefully review the employment contract, probationary terms, and any relevant company policies to d ...ReadMore
Fake complaint lodge against me
My sbi account freezed for the reason of lien Amount? How to stop my account any prior information not given to me. I- Global online platform part time job given a job opportunities to me. I am also r
5 months ago
A. Dear Client,
Visit your local branch and discuss the matter with a representative. They’ll be able to advise you on what has to be done to put things right. In the event that you can’t visit the branch, call the bank’s customer support number. The bank will release the funds and remove the lien from your account once the Lien amount has been paid. You can bargain with SBI to lower the Lien amount if you are unable to pay the Lien amount in full. To accomplish this, send a Lien release requ ...ReadMore
Disciplinary action after resignation acceptance
I resigned from public sector Bank which was accepted with clause that no show cause is pending. Now my boss is threatening with a vigilance case. Can they reject my resignation after accepting it.
5 months ago
A. Dear Client,
Even after the cessation of relationship with the Bank on acceptance of your resignation, Bank can initiate legal action against you, if after conducting an inquiry into an allegation of deriliction or dishonesty committed by you while in employment, if dictated and proved against you in the departmental inquiry after your resignation from the Bank. You are equally accountable for the commission of said proven misconduct even after your resignation from the Bank. Depending upon the ...ReadMore
Online transfer issue
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5 months ago
A. Dear Sir,
You just ignore all such communications because the company cannot go against you for small amount of Rs.54k since legal expenses are more and time consuming.
A. Dear Client,
Lenders are not legally obliged to settle a debt lowering your outstanding debt, but because they want to protect their bottom line, they may agree to a debt settlement to avoid further financial loss. You can try to negotiate a debt settlement on your own if your pocket permits to repay entire outstanding at a time for one time settlement(OTS) of dues, but sometimes it's typically done through third parties like debt relief companies, which you may hire to negotiate the settlement ...ReadMore
Bank Recovery
Is bank recover my full salary for previous overdue without any mail or massage
5 months ago
A. Dear Client,
As per Section 7(3) of the Payment of Wages Act, 1936, the total amount of deductions cannot exceed: 75 percent of the wages when the deductions are wholly or partly for payments to cooperative societies. 50 percent of the wages in every other case. Provided that where the total deductions authorized under sub-section (2) of Sec.7 of the Act, exceed seventy-five percent, or, fifty percent, as the case may be, of the wages, the excess may be recovered in such manner as may be prescr ...ReadMore
