Pre closure charges on Home Loans charged by Banks.
Ramkumar R Daga
(Querist) 19 October 2009
This query is : Resolved
Are you aware that there is a Supreme Court order dismissing a Special Leave Petition filed by a Bank against the refund it had to give its client fo such pre payment charges. The Hon Supreme Court observed after hearing both the petitioners that it would not interfere against the order to refund the preclosure charges against the Bank.
In another order a Bank has been asked to refund Rs 64,80,000/- (Yes Rs 64.80 lakhs) collected as pre closure charges from a party WITH Interest till the date of refund of the amount.
My query to the Appellate Authority of Reserve Bank of India, Smt Usha Thorat, in an appeal filed by me, under the RTI Act along with a copy of the Hon Supreme Court order and the directive by the Reserve Bank of India keeping this order in mind is yet pending reply. This appeal was filed about 15-20 days ago. Original query under RTI was filed in August.
Raj Kumar Makkad
(Expert) 20 October 2009
So far information para of your quarry is concerned, it is ok but please do clear the quarry portion clearly so that suitable reply may be given by experts.
