Inconsumercomplaints.com » Business & Finance » Review / complaint: Lloyds Finance Limited - Fixed Depost Not Returned On Maturity | News #383197

Lloyds Finance Limited
Fixed Depost Not Returned On Maturity

Deposit

Receipt No:0298002784/1

Deposit Amount: Rs. 15000/-

Maturity Value: Rs. 17000/-

Date Of Deposit : 21/02/1998

Period Of Deposit : 12 Months

Date Of Maturity : 21/02/1999

Rate Of Interest : 15.00%

Name Of Scheme: Money Multiplier

I wrote a registered letter to The Regional Vice President on

06/03

I received a reply on 16/02 informing that The Company Law Board,

Western Region Bench has rescheduled the fixed deposit repayments by

virtue of Sec.450 (2)

of RBI act 1934.

As per the table given in this letter payment was to be made 30% in

Feb. 30%i

in 2001 & 40% in 2002

Accordingly I received the amount of Rs.4500/- by a cheque dated

15/02 butI have not received, till date, the balance amount of

maturity & the interest for the delayed payment.

Hope that my grievances are redressed satisfactorily within a month.


Company: Lloyds Finance Limited

Country: India

Category: Business & Finance

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