Dear Sirs,
I am in receipt of an e mail intimating me that the Bank has modified some of the terms and conditions and consequently a fee of Rs 100/ will be charged for remittance of cash for repayment of card usage.
I have given substantial business on my credit card and at the end of July the outsandings were NIL. However I am now informed that I have to make a remittance of Rs100/ cash transaction made during June.
I have left India for Singapore in the month Decand have been living in Singapore and all my remittances have been by way of cheques.
The Card was offered to me by way of Promotion free of charges and as such I do not accept any unilateral change of terms.
The net effect of this fee charged to me is the bank now will charge me a late payment fee Rs 600 thus escalating my liability to 700 Rs and such recurring debits every month swelling my my dues and a prospect I visualise and fear very much.
I have already sent an e mail refusing to make any payment as requested in your mail and if this charge is not withdrawn I will be constrained to surrender the card and lodge a complaint with the Consumer Complaints Forum and also to the Banking ombudsman
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