Overdraft against securities
Release of securities pledged

Dear Sir,

I have overdraft account No. 15772070000015 with your Bharat House Branch. Initially this account was opened with Bank of Punjab Ltd Fort Branch against securities of shares which was taken over by you. For lasr more than 2 years no regular Drawing Limit is shown in the account on account of which I could not put through any transaction. My repeated request have fallen on deaf ears. Nobody is in a position to say the status of the account. Your retail credit unit situated at Lower Parel is not cooperating in spite of providing them with all details of pledge. As such we had given instructions to our DP- Stock Holding Corp. of India Ltd for closure of pledge on 25.09.2009. Our DP had generated a message for responding confirmation of closure of pledge which is yet to be attended by your above office. Please attend it on priority basis lest we will have to approach consumer forum / ombudsman against your Bank.

Company: Overdraft against securities
Country: India

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