Canara Bank
NOT FULFILLING THE PROMISE

KULVINDER SINGH

T 55 VISHNU GARDEN,

P.O. TILAK NAGAR,

NEW DELHI - 110 018.

Office Direct Ph.46044340

Mobile : 98680-40765

Speed Post/Regd. A.D. March 30

Sr. Branch Manager

Canara Bank

Sector 10A,

Gurgaon,

HARYANA.

Ref: Loan No.2783601000592 – Kulvinder Singh

Dear Sir,

This has reference to your letter No. LOAN ACCOUNT NO. : 2783601000592 dated 16/3 received by me today.

I am very much thankful to you that a loan amount of Rs.4 lac was granted to me and credited to my Savings Bank Account No. 2783101002921 with an understanding that my EMI would be Rs.2070/- per lac i.e. on Rs. 4 lacs EMI was Rs.8280/- whereas you have directly deducted from my salary Rs.8, 300/- and when I objected I have been told that the excess amount of Rs.1, 200/- deducted extra will be reduced in my last EMI. In the contrary you have raised a demand of Rs.4, 833/- now mentioning as Reminder No.3.

My outstanding was divided into 60 Equated Monthly Installments which has no impact of increase or decrease at a later stage as we have been told by your officials at the time of disbursement of loan.

Though, you have deducted directly from my employer all the 60 installments as agreed stated from 6th February to 6th January and no further demand was raised by you as there was no outstanding left no further demand raised verbally or in writing earlier of receipt of the above said letter I enquired from your bank officials about the present demand of Rs.4, 833/- at Phone No.0124-2212439 at 5.39 p.m. today.

I failed to understand why you want to keep the pot boiling unnecessarily by making such baseless allegations which are fabricated with malafide intention to charge extra money beyond agreed terms of 60 instalments and when no demand was raised earlier even, otherwise people will start perceiving that Canara Bank is a dishonest bank to deal with.

Just to close the chapter I am sending a BLANK Crossed Cheque in favour of Kulvinder Singh Loan Account No. 2783601000592 dul;y signed by me is attached herewith with and request to issue me the following ;

1. To issue a NO DUE CERTIFICATE.

2. Provide a statement of calculation clearly indicating principal and interest charged with rate of interest and date thereof.

3. Provide me a copies of earlier Reminder-1 and Reminder-2.

4. Signed copy of my Acknowledgement of liability under the said credit facilities.

I have never refused for any outstanding demanded by the Canara Bank.

I am afflicted with paid to reveal that I am still your customer and having my Savings Bank Account No.2783101002921 of your Branch.

With kind regards,

KULVINDER SINGH

Company: Canara Bank
Country: India
State: Haryana
City: Gurgaon

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