ICICI Bank
Unreasonable and Excess Billing

I am holder of a ICICI Bank Credit Card. On December 3 they sent me an outstanding Bill of Rs.66, 905.95 which was inflated nearly double of the actual credit amount due to very high interest and penal charges added frequently in their earlier bills. The collection agents used to make several telephone calls everyday and insisted me to pay immediately. After receiving Rs. 6, 200/- from me, in December they converted the balance amount of Rs.60, 705.95 payable in 24 installments for Rs.3, 390.43 as on 2nd January. Thereafter till today, I have paid a total amount of Rs.40, 040/- and still they are showing me outstanding of over Rs.65, 000/- due to delay in payment and so many other clauses. From last two months I am asking their representative to settle my account by taking one time payment of Rs.20, 000/- being the balance amount due from the principle amount which they have denied and going on insisting me to pay according to their whims. This is ridiculous and painful to bear.

I find that according to the bank's calculation strategy, the original loan amount which was barely 35, 000/- in 09 may become even 4 to 5 times higher or may be more as it is obvious that it is impossible for me to pay such a huge sum. I am an aged person and I am under tremendous mental pressure to face such action of this Bank. I look forward for a early settlement of the matter in a way as mentioned above and get out of such nasty deal.

Company: ICICI Bank
Country: India
State: West Bengal

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