HDFC Sending Baseless "Purchasing Virtual Currency Restricted Using Account" Letter ??

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Received a physical letter by HDFC today saying, transactions on my HDFC savings account will be restricted within 30 days if I don’t report to my branch the purpose of buying virtual currencies…

I called Nodal & they also have no idea on this & kept on telling me to call customer care who never pick up their phones…

These people are high on weeds or what ?? They wrote in the letter that as per RBI guideline vide DBR.No.BP.BC.104 /08.13.102/2017-18. April 6, 2018, I am not supposed to do virtual currency transactions…This was already overruled by Supreme Court in March 2020 so why the hell they are sending this letter now at home ??

And why the heck I should visit branch for this BS when we all know that transacting Virtual Currency is fully allowed from March, 2020 ??

This bank sucks big time…

47 Comments  |  
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Bitcoin/crypto currency?

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dlhntr wrote:

Bitcoin/crypto currency?

Yes…

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Called branch guys & they said they have no freakin’ clue why I received this letter now lol…And HDFC customer care told me that my branch sent me this letter even though the letter came from Chennai…

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Can you share the copy of the letter here after hiding personal information?

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Sushrut.B wrote:

Called branch guys & they said they have no freakin’ clue why I received this letter now lol…And HDFC customer care told me that my branch sent me this letter even though the letter came from Chennai…

simple. if they dont want your money then move out.

i got multiple letters and calls back in 2018 when it boomed. the brach manger asked me to provide a written letter

i simply said well no need i will close my account and moved 30lacks to another bank. lmao got call next day saying sir! why did you moved all the money we need it and i will not ask letter sir smile grinning

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Deal Subedar
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I never received any such letter.
Do they trust me so much?
stuck_out_tongue stuck_out_tongue

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Deal Lieutenant
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You compained to rbi for hdfc.

May be its revenge :p

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How did they categorize crypto transactions?

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billubakra wrote:

Can you share the copy of the letter here after hiding personal information?

Direct link : https://i.imgur.com/mpbvV...pg

I scanned the letter, blocked personal details & uploaded it…

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Abhinav_Pune wrote:

You compained to rbi for hdfc.

May be its revenge :p

But after I made that complaint, check in the forums how many people suddenly started getting even DCB & Infinia as LTF which HDFC never used to give for free this much easily… laughing laughing

Bhutiya bank sent me an outdated letter to scare me… imp

I messaged them on twitter & asked them why they are still sending me non-related & backdated stuffs & when they asked for my phone number, I replied, not interested in talking to your support when I already know that this is an outdated & baseless matter…

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Majestic wrote:

How did they categorize crypto transactions?

I only did a 100 rupees UPI transfer through GPay to Coinswitch in November lol…Rest of the amounts I had deposited were all from ICICI & as naturally, No such letter came from ICICI because they are not dumb like HDFC

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nimod wrote:

I never received any such letter.
Do they trust me so much?
stuck_out_tongue stuck_out_tongue

See why I’m “NOT” a satisfied customer ?? laughing

People have love & hate relationships…I have hate & hate relationship with them…

I called Nodal, customer care & none of them had any idea about this letter…My branch lady told me on the phone “Sir mujhe bhi pata nhi hain aisi kisi letter ka aur mujhe bhi janna hoga yeh letter apke paas kyon aaya”…. laughing laughing

They are funny…Also what can I expect when even their Senior Management, Priority Redressal Team can’t write even a single English sentence without at least 5-6 typos…

I can’t imagine that this bank which claim themselves as the biggest bank of India & their Credit Card Senior Management Team can’t even write the words CREDIT CARD without making a spelling error…

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Sushrut.B wrote:

See why I’m “NOT” a satisfied customer ?? laughing

People have love & hate relationships…I have hate & hate relationship with them…

I called Nodal, customer care & none of them had any idea about this letter…My branch lady told me on the phone “Sir mujhe bhi pata nhi hain aisi kisi letter ka aur mujhe bhi janna hoga yeh letter apke paas kyon aaya”…. laughing laughing

They are funny…Also what can I expect when even their Senior Management, Priority Redressal Team can’t write even a single English sentence without at least 5-6 typos…

I can’t imagine that this bank which claim themselves as the biggest bank of India & their Credit Card Senior Management Team can’t even write the words CREDIT CARD without making a spelling error…

shaant gadaadhaari bheem, shaant!!

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Sushrut.B wrote:

But after I made that complaint, check in the forums how many people suddenly started getting even DCB & Infinia as LTF which HDFC never used to give for free this much easily… laughing laughing

Bhutiya bank sent me an outdated letter to scare me… imp

I messaged them on twitter & asked them why they are still sending me non-related & backdated stuffs & when they asked for my phone number, I replied, not interested in talking to your support when I already know that this is an outdated & baseless matter…

Haha. Its because they cannt have new customers they are giving upgrade

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Abhinav_Pune wrote:

Haha. Its because they cannt have new customers they are giving upgrade

Yeah I know…I said that as a joke buddy…

RBI f***d them so they don’t want to lose their existing customers…Felt really good that so many people are getting DCB and Infinia and also saw that, instead of being happy for other members, some people getting jealous and being angry that everyone is getting the cards so the cards will be devalued soon…

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Sushrut.B wrote:

Yes…

Off topic …do we have any legal app/website in India to buy?

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Sudarshan61 wrote:

Off topic …do we have any legal app/website in India to buy?

Crypto buying & trading is fully legal in India since March 2020…I personally am using CoinSwitch app…WazirX app is also good as far as I have heard but invest only in your own risk as I lost huge money in Crypto in 2017 when many companies did Exit scam & some were shut down by Trump…I also lost a major amount when Trump forced Payza to shut down with huge amount of money…Payza was the 2nd highest payment processor in the world after PayPal & was more user-friendly than PayPal…

So, if you are using in any crypto app/space/site, Please do your own due diligence & don’t blindly trust anyone & put a lot of money at once…

1 Bitcoin was 6 lacs even few months ago…Currently 1 Bitcoin is almost 29 Lacs…Just imagine people who had invested huge amounts that time & kept the balance, how much they made the profit now…

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Sudarshan61 wrote:

Off topic …do we have any legal app/website in India to buy?

many
Zebpay,unocoin,bitbns,coindcx…………

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Sudarshan61 wrote:

Off topic …do we have any legal app/website in India to buy?

You can use coindcx,wazirx or bitbns
If you are first time trying to buy crypto try with stable coins like us dollar, you will simply earn 10% interest and as for btc and other coins stay cautious

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Onlineworld wrote:

You can use coindcx,wazirx or bitbns
If you are first time trying to buy crypto try with stable coins like us dollar, you will simply earn 10% interest and as for btc and other coins stay cautious

US dollar? You mean currency ??

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Demondealer wrote:

simple. if they dont want your money then move out.

i got multiple letters and calls back in 2018 when it boomed. the brach manger asked me to provide a written letter

i simply said well no need i will close my account and moved 30lacks to another bank. lmao got call next day saying sir! why did you moved all the money we need it and i will not ask letter sir smile grinning

LMAO @ why did you moved all the money we need it… Like it’s their money & not ours just because we keep it there… laughing laughing

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bhai PMLA mein jaruri hai inquiry

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CA.MAYANK.KOTHARI wrote:

bhai PMLA mein jaruri hai inquiry

What PMLA & what inquiry ?? I think you did not read the topic/thread properly…I am NOT the only person who is investing in cryptos in India & crypto is fully legal now (by SC) & they sent the later NOW but this letter would have only been valid when crypto was banned…This letter is not valid now as per the bank staffs themselves…

Investing in Crypto is NOT equal to Money Laundering lol because it’s approved by Supreme Court…

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CA.MAYANK.KOTHARI wrote:

bhai PMLA mein jaruri hai inquiry

remember reading this https://www.thehindu.com/news/national/changes-in-pmla-act-empower-ed/article28916974.ece.
.
but unaware of the exact mechanics of what various agencies or RBI expects from wire transfer agencies or banks (in so far as statutory reporting goes).

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CA.MAYANK.KOTHARI wrote:

bhai PMLA mein jaruri hai inquiry

Upto 2,50,000 USD is allowed via LRS. No questions asked.

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@A2Zdeals

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Sushrut.B wrote:

LMAO @ why did you moved all the money we need it… Like it’s their money & not ours just because we keep it there… laughing laughing

you also try the same, move out funds
in front of you they will call you back
warna rbi ombudsman to hai hi

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A2Zdeals wrote:

you also try the same, move out funds
in front of you they will call you back
warna rbi ombudsman to hai hi

Kuch aur bhi kaam kar liya karo kabhi kabhi hamesha mere pichhe pichhe har thread mein follow karke unrelated comments karne ke ilaba…RIP English by the way…

@ Crime partners A2ZScamDeals & Bhejaa…

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