HDFC gold Loan - Horrible experience
- 2148
- 64
-
- Last Comment
I'm having a gold loan with HDFC from 2 years..now the loan is matured and got an email to pay the total outstanding and release gold..
Actually my savings account is in -25000 ..Today I went to branch for more information.. Actual outstanding is around 1Lakh but they told me that I should pay 125000 ..
They are telling me that..i should pay through HDFC account only..in that case i will loss 25000rs..i told them, i will pay through online or by cash but they are telling ,it's not possible..
It seems they are playing tricks to collect those negative balance.. because I'm paying monthly interest through online then why can't I able to pay the total outstanding online..?
Anyone please suggest me,how should I avoid paying those 25k negative balance..
- Sort By
Not using the account from lockdown
It's Simple
Deposit Or Transfer 1.25Lakh To Ur HDFC Account And
Pay The Total O/S Amount
Or
Pay The Interest And Ignore Gold !
PS : Contact BM And Negotiate The Charges
Banks Also Know How To Collect The Dues Or Charges
Just had a heated conversation with BM .
I have asked him to show in the agreement ,where it's mentioned "we can collect SAVING ACCOUNT charges from your gold loan" he don't have any answer..
Threatened him by showing Banking ombudsman complaint reference number in my phone..BOOM he agreed to receive the payment through IMPS ..
Just transferred 1lakh from my Federal Bank Account and waiting for the gold..
PS: After the payment BM requested me to withdraw the complaint ,I Said i don't know the process to withdraw complaint 😎
Don't think any bank will allow you to take anything out when you owe them money. If the negative balance is because of charges due to insufficient average balance talk to the bank to see if it can be removed. Generally savings account shouldn't be charged beyond a minimal negative balance as per a RBI directive.
https://economictimes.indiatimes.com/news/econo...
In response to an email sent by TOI, HDFC Bank said it “does not allow the balance in a savings account to go negative due to imposition of charges for non-maintenance of minimum balance“.
Not mandatory to pay negative balance! 😠
Man you got it all twisted- if negative balance is due to incorrect charges then okay that part is disputed.
But if due to legit charges you feel no responsibility to pay up? And you're suggested to write to RBI ombudsman. Common brother have some ethics
u have mentioned bounce.cheque bounce?no action taken by them?
if u had gold and needed money then why not sell it for money?or was it family gold?
Did you bother reading through the thread?
(Especially where it relates to the reason/s for the charges).
Do not withdraw the complaint. Your account balance is still negative. Only after it is restored to 0 and the gold is safely handed to you, you can consider withdrawing it. If the BM asks you to withdraw it again, state your conditions.
1st Get it rectified, nowadays savings bank account with a negative balance is reported to CIBIL. This will have an impact.
Why do you have the -25000 negative balance to begin with?