Bajaj loan emi

Have you taken up the issue with the mangement of the company. Now-a-days aall such things are computer generated. The management is bound to take corrective action of  impropriety, if any, is brought to their notice.

RBI has not announced any concessions but only directed financial institutions not to treat the accounts as NPA/Default and proceed for such violations like handing over the asset, filing suits and sending agreements to intimidate such borrowers etc.,).  The simple solution is filing RTI Application and seeking such information from RBI.

Information solicited:

1)Please provide me a certified copy of laid down norms/ extant rules and regulations/orders that state that financial institutions can levy an overdue penalty for those installments delayed due to COVID 19.

You can also simply issue a notice to Bajaj (Not RTTI) and demand

1. Please provide me the directives/orders on charging of penalty interest on overdue installments during COVID 19.as my account is being debited with such overdue interest and I understand that it is violation of Government orders.