RBIO: Received compensation of Rs. 20,000 from Axis Bank

[SJM]

Malum prohibitum: act is illegal if law prohibits, but people don't follow strictly, because they think it's not malum in se.

Malum in se: inherently wrong or immoral acts.

Malum prohibitum is an act that is not inherently immoral but is prohibited by statute. That's why we don't care. For example, traffic rules, white collar crime.

Can you give some examples in case of a CC where people are likely to break rules?

What I understand is whatever I use the card for, I pay back to bank on time. I can guarantee I have never done any of the below:

• Use any card for any fraudulent activity
• Illegal money rotation by paying through UPI for cash or paying to self/family/friends.

 

[SJM]

Because I went through his thread I am on spree and I have encountered multiple issues similar to his but I just overlooked them.

So what are you trying to say? Because you overlooked, others should too?

Are you a banker? Are my actions creating a problem as now you can no longer keep harassing customers and not pay for your wrongdoings?

 

[vega]

So what are you trying to say? Because you overlooked, others should too?

Are you a banker? Are my actions creating a problem as now you can no longer keep harassing customers and not pay for your wrongdoings?

Sir, Apologies 😔, if I overstepped or you misunderstood.

I am not a banker. But arrogance towards them is remarkable.

 

[cardy]

Sir, Apologies 😔, if I overstepped or you misunderstood.

I am not a banker. But arrogance towards them is remarkable.

And your love for banks to defend them is also remarkable

 

[cardy]

It's only recently that some cases are getting justice. Though they are very few. But banks always used unfair means to their customers, Atleast In many cases. And customers were always helpless in these times.

Yes there may be some bad customers, who may have misused banks. But banks always had more privilege to ban the customers or take legal action easily.

 

[SJM]

It's only recently that some cases are getting justice. Though they are very few. But banks always used unfair means to their customers, Atleast In many cases. And customers were always helpless in these times.

Yes there may be some bad customers, who may have misused banks. But banks always had more privilege to ban the customers or take legal action easily.

I have also had my share of sufferings in multiple cases, and this is the only reason I am now taking up all the issues to RBIO to teach the banks a lesson. Not only that, it is not that I have directly gone to RBIO and demanded compensation. Before reaching out to RBIO the issues were pending with the PNO's of the banks for at least 30 days.

First harassed by bank, then ignored by PNO and after that when I go to RBIO and get compensation, some people point fingers at me - simply WOW!!

 

[vega]

And your love for banks to defend them is also remarkable

Defending is part of my job for we are in symbiotic relationship. 😂

Did I really defend them here pro bono? Well, I leave the conclusion to you. 😜

 

[vega]

There is another one @surojitlaha disliking definition. If you guys really want to gang up, do with other comments of mine, please spare the definition.

 

[surojitLaha]

There is another one @surojitlaha disliking definition. If you guys really want to gang up, do with other comments of mine, please spare the definition

I extend my sincere gratitude for the provision of laughter,

An act that materially contributed to the enhancement of my disposition.

 

[vega]

I extend my sincere gratitude for the provision of laughter,

An act that materially contributed to the enhancement of my disposition.

We must have disagreements. However, I don't understand people just liking or disliking comments without looking at them.

 

[6ix9ine]

There is another one @surojitlaha disliking definition. If you guys really want to gang up, do with other comments of mine, please spare the definition.

Did a haha react, now you got +4 and past -2

Still +2 in the end. Win-win

 

[vega]

Did a haha react, now you got +4 and past -2

Still +2 in the end. Win-win

Brother,
I posed the op a harmless question thinking his expertise with laws for he is making banks cough up. What was intended to be a banter, became something else due to assumption of what I didn't advocate. 😕

 

[Aniket]

Brother,
I posed the op a harmless question thinking his expertise with laws for he is making banks cough up. What was intended to be a banter, became something else due to assumption of what I didn't advocate. 😕

Misunderstanding do happen in communication, it's quite common, this is the case of perceptual barrier.

Better to ask in detail, if direct questioning seems odd and by which miscommunication can take place.

🆒

 

[6ix9ine]

Brother,
I posed the op a harmless question thinking his expertise with laws for he is making banks cough up. What was intended to be a banter, became something else due to assumption of what I didn't advocate. 😕

It's all good brother. Both of you have a different pov, and people have different mindsets. Some prefer to let things slide, while others prefer to teach bank a lesson 😅

There's nothing wrong with that. Afterall, we all are here for learning.

 

[Talkwithfino]

But banks always used unfair means to their customers, Atleast In many cases. And customers were always helpless in these times.

Very trueee!
( a little off topic )
Whenever this unfairness part comes into pic, it always reminds me of the same example that I saw on twitter more than a year ago.

There was this guy named Satyam Savla who had taken a Loan from Hdfc Bank for which the total EMI's were 108 in 2007. The EMI's were then increased to 122 ( due to BPLR concept ) and after his subsequent email in 2012; they were revised to 114.
114 was still 6 emi's more than what this Satyam guy had signed up for and he ended up paying ₹6.5 L more to the Bank than what he had committed.

This is despite after him writing emails to Aditya Puri ( then CEO of Hdfc Bank ) and to the Senior Management.






I have seen @sjmajumder cases; read through all the related threads he has posted on RBI BO till now. Banks like HSBC have literally played dirty.

Banks certainly follow one principle. That their ₹1 is more valuable than the customer's ₹ 10,00,000.

It's only recently that some cases are getting justice.

I believe the RBI maximum fine should at least go up till ₹20 L for mental harassment. What these Banks do and what they pay in comparison to the Harassment faced by the customer is literally pennies.


Disclaimer : The above pics were publicly available on twitter platform and I have pasted them from there. I do not know Mr Satyam personally. Information in my post is intended for informational and sharing purposes only. I do not endorse or validate any claims made here and assume no responsibility for the accuracy, completeness, or legality of the information posted. While certain information contained in this message is from sources that might be accurate, no warranty or representation is made as to its correctness, completeness or accuracy.

 

[vega]

Very trueee!
( a little off topic )
Whenever this unfairness part comes into pic, it always reminds me of the same example that I saw on twitter more than a year ago.

There was this guy named Satyam Savla who had taken a Loan from Hdfc Bank for which the total EMI's were 108 in 2007. The EMI's were then increased to 122 ( due to BPLR concept ) and after his subsequent email in 2012; they were revised to 114.
114 was still 6 emi's more than what this Satyam guy had signed up for and he ended up paying ₹6.5 L more to the Bank than what he had committed.

This is despite after him writing emails to Aditya Puri ( then CEO of Hdfc Bank ) and to the Senior Management.

View attachment 79078

View attachment 79079 View attachment 79080 View attachment 79081


I have seen @sjmajumder cases; read through all the related threads he has posted on RBI BO till now. Banks like HSBC have literally played dirty.

Banks certainly follow one principle. That their ₹1 is more valuable than the customer's ₹ 10,00,000.

I believe the RBI maximum fine should at least go up till ₹20 L for mental harassment. What these Banks do and what they pay in comparison to the Harassment faced by the customer is literally pennies.


Disclaimer : The above pics were publicly available on twitter platform and I have pasted them from there. I do not know Mr Satyam personally. Information in my post is intended for informational and sharing purposes only. I do not endorse or validate any claims made here and assume no responsibility for the accuracy, completeness, or legality of the information posted. While certain information contained in this message is from sources that might be accurate, no warranty or representation is made as to its correctness, completeness or accuracy.

The guy named Satyam Savla agreed to pay floating interest.

PS: I am not in love with banks or bankers. 😚

 

[Talkwithfino]

The guy named Satyam Savla agreed to pay floating interest.

You may go and read the contents of the 2nd screenshot

PS: I am not in love with banks or bankers. 😚

Ps: Actions speak louder than words and justifications. You remind me of 7th std kids who say ' No yaaar I don't like that girl, she is just a friend yaarrrr ' Everyone knows how much of a 'FRIEND' she is

 

[vega]

You may go and read the contents of the 2nd screenshot

Might you refer to clause 5.4. FYI, that's called explicit consent.

 

[2025]

Very trueee!
( a little off topic )
Whenever this unfairness part comes into pic, it always reminds me of the same example that I saw on twitter more than a year ago.

There was this guy named Satyam Savla who had taken a Loan from Hdfc Bank for which the total EMI's were 108 in 2007. The EMI's were then increased to 122 ( due to BPLR concept ) and after his subsequent email in 2012; they were revised to 114.
114 was still 6 emi's more than what this Satyam guy had signed up for and he ended up paying ₹6.5 L more to the Bank than what he had committed.

This is despite after him writing emails to Aditya Puri ( then CEO of Hdfc Bank ) and to the Senior Management.

View attachment 79078

View attachment 79079 View attachment 79080 View attachment 79081


I have seen @sjmajumder cases; read through all the related threads he has posted on RBI BO till now. Banks like HSBC have literally played dirty.

Banks certainly follow one principle. That their ₹1 is more valuable than the customer's ₹ 10,00,000.

I believe the RBI maximum fine should at least go up till ₹20 L for mental harassment. What these Banks do and what they pay in comparison to the Harassment faced by the customer is literally pennies.


Disclaimer : The above pics were publicly available on twitter platform and I have pasted them from there. I do not know Mr Satyam personally. Information in my post is intended for informational and sharing purposes only. I do not endorse or validate any claims made here and assume no responsibility for the accuracy, completeness, or legality of the information posted. While certain information contained in this message is from sources that might be accurate, no warranty or representation is made as to its correctness, completeness or accuracy.

The guy named Satyam Savla agreed to pay floating interest.

PS: I am not in love with banks or bankers. 😚

You may go and read the contents of the 2nd screenshot

Ps: Actions speak louder than words and justifications. You remind me of 7th std kids who say ' No yaaar I don't like that girl, she is just a friend yaarrrr ' Everyone knows how much of a 'FRIEND' she is

Banks always take things to their advantage.
All mid-age gentleman would know that earlier banks used to give Saving account interest rate ~4%. Then RBI bring some policy so that banks are free to change their saving account interest rate. At that time in 2012-14 interest rate for all FDs and RBI bonds/lending rate used to be higher so RBI gave a free hand to Banks so that they can increase interest rate for saving bank account holders.

After a decade see what happend. All banks have reduced it to near 2.5-3.0%. They always use things that benefit them most. Govt. now-a-days is a mute spectator regarding financial decision of Banks.

Most often I read that PSUs now in profit that is because of govt intervention but why dont govt. tell banks to offer good interest for saving account holder? If account holder earn more means banks will earn less and vice versa. Corruption and Frauds are a different matter altogether. No one encourage that.

Hope someday, people will learn that its not the banks alone responsible for their lower interest income rather in-efficiency of current govt. (incl. RBI) for having a feast behind door indirectly through profit sharing at the cost of U and Me (account holders). They will offer u same money extorted from you then say look this is our efficiency that has brought this money. They will cheat u so efficiently that you can't even figure it out.

By the way, I like the OP's effort to educate others, as at least educated people could bring back some part of their lost money.

 

[SJM]

Very trueee!
( a little off topic )
Whenever this unfairness part comes into pic, it always reminds me of the same example that I saw on twitter more than a year ago.

There was this guy named Satyam Savla who had taken a Loan from Hdfc Bank for which the total EMI's were 108 in 2007. The EMI's were then increased to 122 ( due to BPLR concept ) and after his subsequent email in 2012; they were revised to 114.
114 was still 6 emi's more than what this Satyam guy had signed up for and he ended up paying ₹6.5 L more to the Bank than what he had committed.

This is despite after him writing emails to Aditya Puri ( then CEO of Hdfc Bank ) and to the Senior Management.

View attachment 79078




I have seen @sjmajumder cases; read through all the related threads he has posted on RBI BO till now. Banks like HSBC have literally played dirty.

Banks certainly follow one principle. That their ₹1 is more valuable than the customer's ₹ 10,00,000.

I believe the RBI maximum fine should at least go up till ₹20 L for mental harassment. What these Banks do and what they pay in comparison to the Harassment faced by the customer is literally pennies.


Disclaimer : The above pics were publicly available on twitter platform and I have pasted them from there. I do not know Mr Satyam personally. Information in my post is intended for informational and sharing purposes only. I do not endorse or validate any claims made here and assume no responsibility for the accuracy, completeness, or legality of the information posted. While certain information contained in this message is from sources that might be accurate, no warranty or representation is made as to its correctness, completeness or accuracy.

Banks always use the upper hand. I faced the same issues with my home loan with SBI. SBI was fortunate that I was not aware of the RBIO scheme at that point time.