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Gyan Prakash Mishra (Service)     24 October 2018

Prepayment of bank loan

I have taken home loan of Rs. 2400000/- from HDFC Limited in 2008. Currently there iexist a balance of app Rs. 300000/- .

I want to prepay this balance in one go through an account payee check of same bank wherefrom my monthly installments are coming. When I aproached the bank, they asked me for bank statement of last six months which I do not find justified.

I just want to understand if the HDFC Ltd is right is asking the last six month bank statement. It is a recorded trancsaction through bank accounts thus I could not understand about the appropriateness of the demand.

Requesting the Forum to enlighten me.

Thanks.

 

G P Mishra



Learning

 1 Replies

Adv Deepak Joshi +917017821512 (Advocate)     24 October 2018

Dear querist,

Demand of bank is arbitrary and not has per any guidelines of RBI.

In case bank insist on the same ask for guidelines/rule book for asking same.

Regards

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600


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