Welcome to Moneylife Foundation’s CREDIT HELPLINEThe main objective of this Helpline is to provide information, advice and preliminary guidance to individuals needing help in credit related areas. Our objective is to arrive at a solution that is acceptable to both the borrower and the lender. We encourage responsible borrowing.

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Note: Moneylife Foundation and the Credit Helpline do not offer or arrange loans.
Requests for loans will not be responded to.
OUR EXPERTS

Sucheta Dalal

Trustee - Moneylife Foundation

Abhay Datar

Abhay Datar is a consumer activist and is also Member of the Managing Committee of Mumbai Grahak Panchayat (MGP). He was Treasurer at MGP for over two and a half years. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of MGP in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related to mobile and mediclaim. Mr Data

Suresh Prabhu

Mr Prabhu retired as Senior Vice President from HDFC Bank

R Bhuvaneswari

After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.

Yogesh Sapkale

Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues

DEAR SIR I AM SENDING YOU THE COMMUNICATION I HAD WITH STATE BANK OF INDIA AND ITS REPLY.
NEELIMA NAIR
Jul 15, 2020, 7:05 PM
to SBI

Dear madam/sir
As per our meeting on 29/06/20 I had submitted you the entire documents regarding the issues related to my account.I would like to remind you that you refused to give me your contact number inspite of by request as I had shifted myself to Borivali and closed my office in Panvel.
1)The current account (32354400929)of the said company was closed on account of instructions issued by competent authority to close the accounts of company whose CIN was blocked/cancelled by ROC.
Can you explain me how SBI is authorised to close my account without any intimation.If I have some dues pending in ROC which can be settled in 10yrs of period how can I repay if my account is closed.please let me know.
2)Is the bank authorised to close account completely and insist on repaying the ROC dues?
3)If the bank is not authorised (as per court order)closed any body's account without concern of ROC/NCLT Why did the bank do so?
How about the previous innumerous wrongdoings which was continuously brought to your notice.wherin my account was not allowed to operate for nearly 6 months.Cheques bounced inspite of sufficient balance.innumerous correspondence as well as banking ombudsman reply failed to make corrections in your approach.
Inconvenience coused by you has resulted in huge losses to my company has to be compensated on urgent basis.Wrongdoings by your team has to brought to the books.
4)your letter dated 22/01/2018 allowed to open a new account but was denied even after the court interfered.
Please do the needful and compensate your follys resulting in huge losses to me and my company.My life is ruined by your corruption and it got to be brought to the books.


On Wed, Jul 15, 2020, 6:15 PM SBI 11758 NEW PANVEL wrote:
Dear Mam/Sir,



With respect to your complaint regarding closure of current account - 32354400929,

it has already been communicated vide letter dtd 22/01/2018 and 26/04/2018 that -



The current account (32354400929) of the said company was closed on 15/11/2017 on account of instructions issued by competent authority to close the accounts of company whose CIN was blocked/cancelled by ROC.
In the same letter dtd 22/01/2018 the Branch had communicated that as an alternative the company can open a new current account to operate and withdraw the amount payable for regularizing the ROC dues.
Thirdly, the order clearly directs the Bank to withdraw money from the Current account which the Branch is ready to comply. The pre requisite being opening of a new current account and crediting adequate funds in the account.
You were therefore, requested to open a new Current account to comply with the NCLT order. It seems that you have still not opened the account with us since that period till now. Hence we again request you to open open your new current account to regularise your ROC dues.
Regards,
Answered  Dispute
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Sucheta Dalal Trustee - Moneylife Foundation

Abhay Datar Abhay Datar is a consumer activist and is also Member of the Managing Committee of Mumbai Grahak Panchayat (MGP). He was Treasurer at MGP for over two and a half years. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of MGP in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related to mobile and mediclaim. Mr Data

Suresh Prabhu Mr Prabhu retired as Senior Vice President from HDFC Bank

R Bhuvaneswari After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.

Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues

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