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Loan E mandate removal

dungeonMaster

TF Premier
VIP Lounge
I have an auto loan from PNB bank, for which emi is being auto-debited from my HDFC account. I wanted to remove the auto-debit and do manual payments, most probably by cc. PNB is saying we can remove it but you need have savings account with us for that only then we’ll remove.
HDFC is saying we can’t remove auto-debit since it is created by PNB. I told HDFC employees to give me this in writing they denied. Otherwise, would have escalate this till RBI Ombudsman.

The worst part is I had done manual payment once before due date, and even then the amount was auto-debited from my account.
 
I have an auto loan from PNB bank, for which emi is being auto-debited from my HDFC account. I wanted to remove the auto-debit and do manual payments, most probably by cc. PNB is saying we can remove it but you need have savings account with us for that only then we’ll remove.
HDFC is saying we can’t remove auto-debit since it is created by PNB. I told HDFC employees to give me this in writing they denied. Otherwise, would have escalate this till RBI Ombudsman.

The worst part is I had done manual payment once before due date, and even then the amount was auto-debited from my account.
Write to BM of PNB and keep a copy.

If they don't resolve, do complaint in RBI ombudsman.

BTW, do pre payments few days before of auto payments instead of 1 or 2 day.
 
I have an auto loan from PNB bank, for which emi is being auto-debited from my HDFC account. I wanted to remove the auto-debit and do manual payments, most probably by cc. PNB is saying we can remove it but you need have savings account with us for that only then we’ll remove.
HDFC is saying we can’t remove auto-debit since it is created by PNB. I told HDFC employees to give me this in writing they denied. Otherwise, would have escalate this till RBI Ombudsman.

The worst part is I had done manual payment once before due date, and even then the amount was auto-debited from my account.
Then open a account with pnb .idk why the rush to do pre payment with cc ?
Which cc is being used for loan payment ? How ?
 
I had a loan emi once and wanted to pay emi manually, asked the lender bank to cancel the mandate, they asked me to fill the form and submit it to the branch. Or method two- pay emi on 1st of the month (emi generation date) and call the lender bank customer care to stop the auto-debit for that month.

Branch was far from home and calling customer care every time was a hassle so never tried it.
 
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