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Thread: HELP ! NRI HARASS BY STATE BANK OF INDIA

  1. #1

    HELP ! NRI HARASS BY STATE BANK OF INDIA

    DEAR ALL
    This is one of the example.
    How the Indian government employee harass the NRI.
    When one hand they are asking NRI to investment in India & help the country.
    I have a NRI FD with state bank of India NEW DELHI.
    I send my FD receipt on 15-10- 2001 by registered post for further period renewal.
    My FD not renewed until today after many reminders & email.
    I am sending reminder bye Indian house London& state bank of India London branch every week now.
    They changed my name to DUBEY.
    They are harassing me- not paying any interest for 14 months.
    Strange thing is this they not giving me any reason or reply.
    If they can do this to me and get away with this. What will happen to other NRI & common people- janta in India.
    Your view & advice please.
    Jay Jawan Jay Kisan Jay Shaheed

  2. #2
    Sir,

    Please tell me if i can help you anyway.....
    अतीत की नींव पर भविष्य का निर्माण!

  3. #3
    Dudee Sir,

    This is the reason why private banks like ICICI, Citibank, HSBC, etc have captured a huge market share in the banking industry so fast. The problem is that all these nationalized banks still have a huge customer base and will continue to have because private banks cannot open as many branches as these banks have. Thus absence of stiff compitition leads them to become monopolistic in their behaviour.

    I had a similar story when I applied for my higher education loan before coming to the US. I had never seen so much inefficiency and harassment ever.

    regards
    Anurag

  4. #4
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    Duduji they want us toopen an account with them for The Ride for Pride. We can refuse unless they fix your problen so just give us the name of the branch and the Fd actt Number and we'll get them to do something about it.

    At the very least we shall refuse to deal with them and report the reason to their chairmans office.

  5. #5
    Thank you- Sanjeev & Anurag
    I will not give them bribe.
    I will also mot give up & give in
    Other foreign bank are far better- they do auto-renewal on due date.
    But being a true Indian nationist- I bought some India Development BOND.
    This is the reward I am getting-harrasment
    Jay Jawan Jay Kisan Jay Shaheed

  6. #6

  7. #7
    Respected Dudee Ji,

    I will find out from my sources how to go about it and who is the right person to approach in this matter. I had an NRI account in the same bank from 1990 to 1997 without any problems.
    Regards.

    Ompati

  8. #8
    OMPATI JI- RAMRAM
    Thank you very much.
    You are a VIP & deplomat so they may be treating you better.
    I got e mail after 15 months only now.
    I want to know why they not renewed my FD for so long & why no reply.
    They are not paying me interest for 15 months.
    Now they want to pay interest at the rate of 3% from this month- not from due date 15-10-2001
    But the rate on 15-10-2001 was 10%
    I want advice on these points.

    with best wishes

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