I am an ex defence person and I have taken loan from ICICI bank in Feb. 2007 of Rs. 1768418/- but ICICI has disbursed only Rs. 1700000/- to me and reset they have transferred to ICICI prudential for insuring my loan after seven years I happened to know that ICICI prudential has not generated any policy for me to secure my loan amount and when I demanded the policy from them they have generated the fake policy for me in which they have mentioned the mobile no. of mine which I have taken in Sep 2010 that shows that they have not generated any policy for me in Mar 2007 after Knowing all this I have closed my loan in Mar 2013.
Surprising thing in this fraud is that ICICI prudential was supposed to charge me 42000/- approx for the policies but ICICI has transferred Rs. 68418/- to ICICI Prudential and even after getting more money from customer ICICI Prudential didn’t generate the policy for the customer that shows that ICICI has no fear of any agency in India and their ultimate motto is to cheat the citizen of India rather than giving them fair service if customer is paying money in time regularly. ICICI is well aware that there is no common platform for citizen of India where they can share their views among each other to aware other citizen about such fraud.
1. After disbursing loan to customer ICICI continue to cheat customer by manipulating the EMI or Tenure according to their wish to generate excess profit to bank and to keep customer in their trap and customer will end up paying interest on his own money. (Please see attached excel sheet)
2. By manipulating EMI or Tenure ICICI will create situation where customer will pay more money than the actual demand as EMI and same time customer will lose in principle also this act of bank helps them to keep the customer in the trap to generate excess profit for bank.
3. ICICI don’t follow their fare practice code in which it is clearly mentioned that they can’t extend tenure more than the age of 60 years of the customer but they have extended my loan to 45 years according to their extension my age was supposed to be 83 years again this act of the bank shows that citizen of India has no platform where we can challenge them free of cost and every one can’t go to court due to financial compulsion and fight against such corruption.
I request you to spread this mail in your circle and save the citizen of India by filling PIL against ICICI Bank if possible at your end.
If anyone interested to know more about this fraud can contact me on my Mobile No.
Thanks
Bhagwat Prasad
09136737055
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