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Official views of a small but angry banking consumer: Dear Sir: Further to your reply, note that I do not have looted or black money to pay as per your selfie rules and wishes only. I do not want to analyze your jargons and policies. I am not able to pay anything that sounds unreasonable to me, no interest tax ransom whatsoever can be paid. I have not taken any money for pleasure, personal gains or business – it was simply to pay account dues and close banking forever. Write or call to settle at once, not to threat, harass or fool me anymore. I had paid huge interests since last 10+ years without any benefit, it may be okay as per rules of your types, not for me.

Also find attached an email sent in Jan 2016 on account cancellation, which was not addressed by your commission obsessed agents. Many such mails, calls and requests were deliberately ignored from your end. I cannot take burdens for your casual and purely profiteering approach. Send a reasonable reply with 100% transparency or they just goes to my junk. I have no patience for time-pass calls from your agents, I only need written replies. I am only getting account statements, fancy rules and calls. Real issue and reason for taking account loan as per your customer care persons suggestion to settle, is totally ignored, as always. Refer earlier messages carefully and reply to the points ONLY before any phone calls for payment.

I cannot tolerate such frauds and loots, I have no currency tree to satisfy your greedy financing ideas for your development profiteering. I am not paying anymore, I am retiring and shifting – no time to review your decorated payment statements either. I had agreed to your offers last year just to settle and close the account. I have spoken, written / emailed many times since last 1 year to close the account and settle. I do not want to crunch your numbers, account statements anymore, just close the account and mention a final amount to settle immediately. I deserve liberation out of this luring and lopsided banking vicious circle. Regards, XYZ

World maybe be going cashless credit / online banking, you’re reversing after experiencing 15 years of mixed results, to your own peace economy, can the state mind its real business? By closing their kitty eyes for cuts, isn’t this state sponsored economic terrorism? Real bank name was edited for obvious reasons, it can be added later. The above letter template is open source originally written and shared by one of our contributors, any small victim of modern corporate bankers / financiers can feel free to use it. Do share your views and real life experiences as a common bank, finance, investment, state accounting or insurance consumer.

What Wall Street learned from Mafia? How to reach into penny jars (or donation lockers) of dying hospitals, honest citizens and schools and transform their desperation and civic panic into fat year-end bonuses and the occasional “big lunch” for charming cronies, smart profiteers cum financial terrorists. Unlike Mafia, though, they were smart enough to do their dirt without anyone noticing for a very long time. No harm, to them, means no visible harm, i.e., that what taxpayers & depositors didn’t know couldn’t hurt them. This is logical thinking, to the sociopath – like saying it’s not infidelity if your spouse never finds out. But we did find out, and the scale of betrayals are epic.

Private banking rot (endless greed, consumer fooling, documentation frauds and smart loot) is nonstarter for charming cronies and maniac politicians, civil court attorneys, technical profiteers and financial terrorists, we are now Mobified and Appfied bhakts, developing towards self-destruction, chanting bla bla.. Join SocialNet share more money mantras.

2 thoughts on “Official views of angry banking consumer – beware of lures for loans, financing traps”

  1. Summary: I never signed for an OD account which can cost me INR 5 lacs (more than even my net profit!) in 10 years with total transactions around 1 crore using the Bank’s 2 lacs overdraft just as floating buffer. I had only approved for deduction of INR 6000 per year as OD renewal fee but bank consumed INR 50,000 every year without my approval or rendering any special services whatsoever.

    Bank is harassing and asking to pay Rs. 1.5 lacs which do not owe them, I complained to RBI but Bank had submitted some old documents on which they just took my signature 12 years back and convinced RBI. They put a Civil Case against me in Tis Hazari and claims they won it. I do not have any info about this case and also in RBI case before this, I was not aware of any proceedings whatsoever. Bank, abusing its legal and money power, just put their side of story to extort its so-called 1.5 lacs bad loan cum NPR (twisting from OD) while totally ignoring my huge losses.

    I know protecting Bank’s interest is your first priority, I am solely looking at mine since last 4 years of this painful dispute. Four random statements are attached again.. which shows deductions were more than 30000 per year, every year. You are discounting a total of just 31000/- as per this letter. Bank’s OD was not used always during initial years.. all current interests and disputes are due to those unknown random fees deducted earlier which further resulted in my health, business and accumulated financial losses.

    I do not see your current demand in isolation. Instead of a positive balance of 4 lacs, situation became 1.5 lac negative. Your OD or Loan term complexities are way above my little knowledge. As far signing of terms & conditions some 12 years ago, I never thought trusted entities like big Banks can treat in such fraudulent ways especially to less-funded small business customers.

    Many other emails, talks, meetings, messages & complaints were sent to Bank’s various agents visiting my premises, its officials, corporate care and customer care since last 4 years. I had asked several times by phone, email and meeting for full reversal of all arbitrary deductions (of more than INR 50,000 per year) and huge interest accumulation due to delays in resolving my issues since last 4 years. This could easily settle Bank’s current outstanding due claims & further require the Bank to refund balance of all one-sided deductions to me.

  2. Its enough, I do not owe anything to your bank neither do I have any active business with you. Close & settle. Also restrain your legal & recovery teams from further harassment or I’ll be forced to unravel Bank’s name and circulate this story widely in media & take further legal courses..

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