Non disclosure of interest to be paid
5 years ago
I have a RD opened in post office and agent used to collect money for depositing, while purchasing our house we faced a bit of money shortage and this agent advised of partial withdrawal of the RD, however she never mentioned that there will be an interest that will be charged on the partial withdrawl of the RD, we only got to know that interest was being charged when we been there to deposit the partial withdral amout to continue the RD as it is. When disussed with thr post office people they passed on the blame to the agnet and when discussed with the agent she simply refused to give any response. Please help me what can be done with this scenario, as it was my own money that i was depositing in the RD and was givrn back to me as a loan without informing me about the interest that is charged. I feel cheated here can something be done.. Thanks in advance.
ARPIT BATRA
Responded 5 years ago
Deepak Yashwantrao Bade
Responded 5 years ago
ROBERT D ROZARIO
Responded 5 years ago
Rajeev RJ
Responded 5 years ago
Regards
Rajeev
Rajender Prasad
Responded 5 years ago
The rules are to be read by before entering into any account. You have signed the forms and also it will be deemed under law that you have understood the relevant rule irrespective of whether the agent the corresponding rules or not. You may challenge such damaging rules by filing PIL if allowed it will beneficial to so many people.