Issue Resolved 2000 Compensation From Federal Bank

[Rashikv]

When i applied scapia
I had two fedral cards
I had Jupiter account
had 7 enquirers in 30 days

I believe these are just random reasons actual reason is something else

It's definitely a lame reason, that's why we need more transparency in loan applications, they should mention eligibility criteria and rejection reasons clearly. I even asked how many enquiries in a particular timeframe is acceptable as per their criteria, but they were not ready to comment on that😁

 

[Rashikv]

Can anyone guide for SBI Cashback. They denied at PNO level as well quoting I have large number of credit cards

Large number of unsecured loans or total credit limit above your income may lead to rejection, I have heard such experiences on different forums. You can try to increase your income on next application or close some less useful cards.

 

[Boy 07]

Ca

You don't have to wait. Since you received a response and you are not satisfied, you can lodge your complaint.


Read para 15 for more details

Reserve Bank of India

Can i attached this email as a reminder email in RBI Compliant
Is that RBI Guidelines notification number is right which I have mentioned