Consumer Grievances in Banking - Root Causes
The minimum balance Charges is a fraud on customers. This should be withdrawn totally. more
Also have the Govt check out what happens to balances in Dormant A/c's.
According to R.B.I. guidelines, these are supposed to be deposited with the RBI within a time frame of their being classified as Dormant. Is this being done? Or, more likely, the balances are, against all ethics, transferred to the Banks P & L a/c under the head of other income, to boost their bottom line. more
Talk about frauds? This is one of the bigger ones...even bigger than the 2G and Coalgate.
Have all the Banks to disclose their income on this Head alone, for the past 5 years (should be possible with a single click of the button), and you will see what i mean. more
above all this banks never close the account of the person who is not maintaining balance instead they keep on increasing the charges........... more
totally agreed.....3 banks have forced me to close account and taken more than rs 10000. if i am not able to maintain min balance how can i pay these enormous charges..................private banks are looting people more