ICICI card holder died, bank harassing ADD ON HOLDER now.

[0xShailesh]

Hi Guys,

My grandfather had a credit card with ICICI Bank in 2005. He passed away in 2007. He made an Add on card for my uncle a few months before passing away.

But somehow ICICI Bank shows this card in my Uncle's CIBIL, despite him being an add on card holder.

I don't understand how, I believe add on card holders are not responsible for the payment right? Please correct me if I'm wrong.

Already contacted Ombudsman, and RBI but RBI is closing the case.

Is there anything thaT could be done, since my uncle never used the card, he was just an add on card holder. Now the bank is forcing him to do a settlement at 60% all these years later, and never contacted him in past 16 years.

 

[ltf4ever]

Firstly, it is definitely not ICICI who is asking the amount back, after 16 years, your debt definitely got sold to some recovery agency and they are simply pretending to be from ICICI to recover the debt.
Such recovery agencies may use really foul language and even threats just to get you to fold.
Since the debt would make no impact to your CIBIL or even your relation with ICICI, you can ignore these calls, no need to settle the debt.

It is possible that the recovery agency might report this as a fresh outstanding in your CIBIL, but you can fight it very easily, showing the proofs that it was a decade old debt.

so the question is, why didn't RBI ombudsman clarify this thing. seems shady.

 

[V360V360 is verified member.]

Firstly, it is definitely not ICICI who is asking the amount back, after 16 years, your debt definitely got sold to some recovery agency and they are simply pretending to be from ICICI to recover the debt.
Such recovery agencies may use really foul language and even threats just to get you to fold.
Since the debt would make no impact to your CIBIL or even your relation with ICICI, you can ignore these calls, no need to settle the debt.

It is possible that the recovery agency might report this as a fresh outstanding in your CIBIL, but you can fight it very easily, showing the proofs that it was a decade old debt.

So with this logic - a decade old debt can be removed from CIBIL by putting pressure on Banks. Don't think that makes sense.

 

[shushansh]

so the question is, why didn't RBI ombudsman clarify this thing. seems shady.

OP has just mentioned "but RBI is closing the case", not at all clear on why. One of the reasons most possibly can be that the obdusman doesn't have details on this debt anymore, since the debt is written off to the agency.

 

[shushansh]

So with this logic - a decade old debt can be removed from CIBIL by putting pressure on Banks. Don't think that makes sense.

Read my statement AGAIN.
Never mentioned that decade old debts can be removed, I just mentioned that IF this debt gets reported as a "fresh" outstanding in your CIBIL, you can fight it to be reported as a decade old one, so that it doesn't impact your current CIBIL score.

There is no other reason that you would receive a call for a 16 year old debt now, except for, the debt was just recently written off to the recollection agency. (I speak from experience having observed a debt recollection agency work very closely)

 

[ltf4ever]

OP has just mentioned "but RBI is closing the case", not at all clear on why. One of the reasons most possibly can be that the obdusman doesn't have details on this debt anymore, since the debt is written off to the agency.

okay, so this might be acceptable if recovery agency is involved. if ICICI is sending these notices directly, then rbi should interfere in that case and provide clarity.

 

[NikunjP]

What was the actual amount due (excluding penalty)?

Sometimes bill amount is small but penalty make it huge.

 

[Deleted member 9785]

some cards like axis reserve waive off dues in case of death i believe

 

[0xShailesh]

Got a reply from the RTI.

 

[shubhamosy]

Got a reply from the RTI.

finally smjh kya aaya?

 

[jack333]

finally smjh kya aaya?

Golmaal hai bhai sab Golmaal hai 🤣

 

[4uziaul]

Golmaal hai bhai sab Golmaal hai 🤣

Mujhe sirf itna samjh aya "What is being sought is an opinion and not Information" uske baad 🥚🛎️

Ab has bhi nahi pa raha hoon aur comment bhi thread ka seriousness dekh kar

 

[Anshul Gupta]

Got a reply from the RTI.

Jab RBI hi itna incompetent hai, to bank to marega hi customers ki 🥲

 

[Vasuki]

Hi Guys,

My grandfather had a credit card with ICICI Bank in 2005. He passed away in 2007. He made an Add on card for my uncle a few months before passing away.

But somehow ICICI Bank shows this card in my Uncle's CIBIL, despite him being an add on card holder.

I don't understand how, I believe add on card holders are not responsible for the payment right? Please correct me if I'm wrong.

Already contacted Ombudsman, and RBI but RBI is closing the case.

Is there anything thaT could be done, since my uncle never used the card, he was just an add on card holder. Now the bank is forcing him to do a settlement at 60% all these years later, and never contacted him in past 16 years.

Best is go to branch .
Talk to bank manager . Idk what actual amount was pending
50k total or before taxes .& Late fees .
If its less than 5k .