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what is settlement Why name is still in default after paying settlement amount?
Why foreign banks are using this as a weapon against the innocent public of this pride country after luring them to debt trap. Who is the regulatory and appropriate authority to look into genuine grievances arisen by such malpractices were in interest is charged more than 3.25% PM. Interest as such is forbidden by RBI
In Credit Cards  -  Asked by kanawar bhardwaj -  1 year ago

Best Answer:
If you do settlement with a bank then bank cannot charge high interest. You should first talk to the concern bank official and put complaint on bank website. If you do not get any reply within 15 days you can file complaint with banking ombudsmen with complaint proof. If then also your problem is not solved you can consult the lawyer and file a case in consumer court.
1 year ago - By Nancy

Other Answers (2)
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Answer 1.
One of my colleague had done settlement with a private bank but his name is still in defaulter list he has complained with banking ombudsmen but no use.
1 year ago - By Lalit
Answer 2.
Many people face problem in such cases because banks are not following RBI norms and it becomes difficult for a common man to every time go to bank. RBI must make some strict norms so that banks stop harassing people.
1 year ago - By Kartik
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