Jun 18, 2009 09:25 PM
3910 Views
Boy I thought ICICI was bad, But Standard Chartered made look ICICI as a charmer. Standard Chartered is the worst thief among banks and only the RBI banking ombudsman saved me of my misery.
I opened an account with this trash bank through my employer. They named my account Axel premium minus all the premium benefits. Things were fine till my pay check was deposited to the account. I even made this account pay my EMI for a housing loan through ECS.
I changed my company and moved abroad. Then started the torture as Standard Chartered started charging me for their so called Axel premium benefits which I never received. The minimum balance was quietly raised to 25000 INR and the bank started charging me account maintenance charges of Rs. 1786 from my account secretively. My account balance dropped and my EMI ECS clearance bounced.
For this I was charged a penalty not only from Standard Chartered but also from my home loan bank. So the escence of the story is
1.) Standard Chartered steals money from my account in the name of account maintenance charge.
2.) Because of this my EMI checks bounce.
3.) This gives Standard Chartered a reason to penalise me of Rs 1000/- for which they were responsible in the first place.
4.) My home loan bank charges me an additional Rs. 1000/- for the bounced check.
Boy had I had enough with this stupid bank. Being abroad makes me absolutely helpless as I can't switch bank or fight them. The first thing I have decided on my trip to India is to close my account with this trash bank and move to an Indian bank. At least they are courteous and won't rip you off like these greedy foreign banks.
