GOLD BANKERS
SALE OF PLEDGE GOLD WITHOUT INFORMATION

I HAVE PLEDGED ONE GOLD NECKLACE GROSS WEIGHT 18.7 GRAMS ON 22.06.2007 FOR AMOUNT OF 10000 WITH GOLD BANKERS, ADDRESS: SHOP NO 13, CRESCENT TOWERS, SEETHAMMADHARA, VISAKHAPATNAM-13 VIDE PLEDGE NO G 2725.I RENEWED THE SAME ON 02.05.2008 BY PAYING 1600 AND AGAIN ON 12.05. I PAID 580 WHICH WAS DIFFRENCE AMOUNT TOTAL TO RS.2180.SIMULTANEOUSLY ON 20.06.2009 I RENEWED IT AGAIN BY PAYING 2741.LATER I MOVED TO HYDERBAD WITH THE CONFIRMATION MY NEXT DUE IS 1YEAR AFTER MY PREVIOUS RENEWED DATE, THAT MEANS 20.06.2010.AS I WAS NOT IN THE CITY SO I COULD NOT MOVE TO VIZAG FOR RENEWAL AND I WAS PLANNING TO GO THIS MONTH BUT WHEN I CALLED ON THE NUMBER PROVIDED ON SLIP I.E 2739049, THEY INFORMED ME THEY HAVE ALREADY SOLD 10 MONTHS BACK.MY QUESTION IS HOW THEY CAN SALE 10 MONTHS BACK IF MY DUE DATE WAS 20.06.2010.THEY DID NOT TAKE ANY SIGNATURE ON TERMS AND CONDITIONS NOR EVEN IT IS MENTIONED THEY CAN SALE ANY TIME.EVEN IF MY DUE DATE IS 20.06.2010 AND I AM LATE FOR SIX MONTHS THEY SHOULD HAVE BEEN INFORMED ME ON MY CELL NO 9396692836 WHICH IS AVAILABLE WITH THEM.AS I HAD ALREADY RENEWED TWICE AND BORROWED 10000 ONLY AND MY NECLACE MARKET PRICE IS APPROX 40000, HOW THEY CAN SALE WITHOUT INFORMING WITHOUT ANY NOTICE PERIOD.WHY TERMS AND CONDITIONS ARE NOT MENTIONED ON SLIP AND WHY THEY DID NOT INFORM ME AT THE TIME OF PLEDGING NOR EVEN AT THE TIME OF RENEWAL.AS I HAVE PAID THE RENEWAL AMOUNT TWICE AND THIS TIME I WAS GOING TO PAY TOTAL AMOUNT, THEY TOLD IT IS ALREADY SOLD.AS I ALSO WORK WITH THE BANK AND VERY MUCH AWARE OF TERMS AND CONDITIONS OF LOAN GRANTED.THIS IS JUST THE MONOPOLY OF INDIGENEOUS BANKER.MY CONCERN IS NOT THE VALUE OF PLEDGED ASSETS BUT THE EMOTION WITH THE ASSETS WHICH I HAD TO PLEDGED IN MY BAD TIME.I WANT MY NECKLACE BACK, I AM READY TO PAY THE FINE AMOUNT.BUT IF THEY HAVE SOLD THEN THEY HAVE TO PAY THE TOTAL VALUE OF MY NECLACE AS THEY DID NOT INFORM ME AT THE TIME OF PLEDGE, AT THE TIME OF RENEWAL NOR THEY INFORMED ME OVER THE PHONE BEFORE SALE.I AM WRITING THIS LETTER FIRST TIME TO CONSUMER FORUM AND I HOPE YOU WILL DO THE NEEDFUL.REGARDS

ADITYA 9396692836

Company: GOLD BANKERS
Country: India
State: Andhra Pradesh
City: Visakhapatnam

  <     >