This is a shock for me as they informing no NOC after taking all the money. Please help what are options legally or regulatory.
If this is not explicitly stated, then you need to ask the bank to life lien on your vehicle loan since it is repaid and closed. Ask for lien cancellation form along with a letter for closing vehicle loan from the bank. If the bank still refuses, then you will have to file complaint to the Bank's Nodal Officer and escalate it to the Banking Ombudsman level.
Sucheta Dalal Trustee - Moneylife Foundation
Abhay Datar Abhay Datar is a consumer activist. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of Mumbai Grahak Panchayat (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 with mobile banking frauds and mediclaim. He was a Member of the Managing Committee of MGP till March 2021.
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