Re: [www.keralites.net] CHEATING OF HDFC BANK

Dear Suresh,

As per RBI rules for NRE deposits below 1 year no interest can be allowed.  You could have waited for 7 more days. Interest on daily balance in on Savings Bank account. 

Rajan T

--- On Tue, 27/7/10, V. S. Sureshkumar <vssureshkumar@yahoo.co.in> wrote:

From: V. S. Sureshkumar <vssureshkumar@yahoo.co.in>
Subject: [www.keralites.net] CHEATING OF HDFC BANK
To: "Keralites" <Keralites@YahooGroups.com>
Cc: "HDFC NRI" <Rajesh.Totalia@hdfcbank.com>
Date: Tuesday, 27 July, 2010, 7:12 PM

Gents.,

I have an NRI Savings Bank Account with HDFC Bank and also I had a Fixed Deposit amounting to Rs.1,00,000/-.� The maturity date of my Fixed Deposit is 27th July 2010.� Since I had applied for pre-mature liquidation of my Fixed Deposit just 7 days before the maturity date, they are refusing to pay one year interest on my Deposit.� Is it justified?

Further, as per RBI regulations, the banks are to pay interest on the Daily balance in the accounts.� However, HDFC Bank have their own policy tha

Those friends who have account with HDFC Bank should make a note the way the Young Generation Banks are cheating their customers and making money for showing profits.�


Best regards,
Sureshkumar

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