CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

Interest calculation on currrent account

This query is : Resolved 

I found that interest had been overcharged by Bank .but Bank doesnt agree how to check that the rate of interest is correct or not...


calculate the interest on daily product basis and show it bank

Why interest is charge in current account ?? plz check ur loan account statements

Why interest is charge in current account ?? plz check ur loan account statements

01. of late, some banks have started giving interest on current account.
02. When the querist says, interest is charged, it is presumed that it is a loan account

Ues it is a loan account. in statement rate of interest is different but excess interest is charged.

if at branch level, the officers are not entertaining your complaint, escalate the sme to region, then to zone then to Head Office.
You can also refer the matter to Bank Ombudsman


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





close
CA Learning