Dear Sir
I Shekhar Sood S/o Late Sh. S C Sood is Proprietor of American Travel Service Court Road Hoshiarpur. Our travel agency is established since 1971 and is one of the oldest agency of Punjab.
I applied for over draft facility with HDFC Bank Hoshiarpur in August AT present. I am having over draft facility of Rs 5, 00, 000.00 with Indian Bank Arya Samaj Road Hoshiarpur.
But due to increase in business volume, market trend competition and facilities by Pvt Banks I was planning to switch over my entire business to HDFC Bank and enhance my over draft facility to 20 Lac. but I never knew that I will create problems for my selfby dealing with HDFC BANK.
I gave all my financial docs i.e Bank Statements, IT returns, copy of title deed, residential and business proof to one Mr Prince Chopra of HDFC BANK Hoshiarpur
The problem started immediately when the bank started asking for some or other docs on every alternate day. I kept on giving all the docs as and when I was asked to do so.
The real problem started when one day I got a call from HDFC Jalandhar.that amount of Rs 9.60 Lac has been sanctioned. when I asked the reason the answer was the valuation of property is 36 Lac so half the limit was sanctioned I was very upset that the approved valuer accessed half the value of the house where as minimum market value of my house is 75 Lac. Even Mr Kohli Branch Manager confirmed by visiting my house. From the bank staff I came to know that valuation of my house was done intentionally keeping bank’s interest in view. I don’t know why the proper valuation was not done. I told Mr Dhiraj Gupta (the person who called) to stop the process at once but after few days I again got a call from Jalamdhar office that after re- valuation of property maximum Rs 13 Lac has been granted but in the sanction letter the amount is 11.74 Lac
During this whole period no one informed and cleared me the exact condition and rules of the OD facilities. Now the bank staff is pressing me the sign the agreement as they
have to complete their target of 30th September.
Before starting of OD process no one made the things clear regarding bank charges, processing fee, post dated cheques and one PDC of Principal amount
Please inquire why things were not cleared in starting and why they are harassing and pressing to sign Blank agreement. They have disturbed my entire business schedule.by visiting, calling on phone for signing the docs. I don’t want to do any thing in hurry and repent later on. Please ask the bank return my documents and amount of Rs 2248 immediately.
I gave the Cheque of Rs 2248 on the assurance of Mr Kohli but I have suffered a lot by dealing with HDFC BANK
Please ask for explanation from the bank and take necessary action against the consulate persons.
With Regards
AMERICAN TRAVEL SERVICE
COURT ROAD
HOSHIARPUR
PH 01882-223377 Office fax 233259
Mob 09815979786, 9915979786
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