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

 

[n69b]

Stupid BO of Lucknow closed my case saying

"The complaint is regarding rejection of the credit card application without exact reason. Rejection/Approval of credit card application is a commercial decision of a bank, and no intervention under the Reserve Bank Integrated Ombudsman Scheme is envisaged in such matters. The bank has informed the reason of rejection to the complainant vide email dated 26.03.2025. Hence, complaint is closed at our end"