Any end of the (financial) year re-consent (clicking yes/ok) on-line given (that you could recollect)?
Or at the branch, during rush, some person asked you something and you said yes?
If there is a (so called) dedicated Relationship Manager, then e-mail them and the branch manager.
No experience with HDFC retail banking since around 2019, but ideally such things should not happen without explicit consent.
(To me, it seems like some clandestine method was employed to take some consent or activate some automated RD feature. RBI has strict guidelines on such things, so you are safe if it is accidentally pulled/started.)
Any end of the (financial) year re-consent (clicking yes/ok) on-line given (that you could recollect)?
Or at the branch, during rush, some person asked you something and you said yes?
If there is a (so called) dedicated Relationship Manager, then e-mail them and the branch manager.
No experience with HDFC retail banking since around 2019, but ideally such things should not happen without explicit consent.
(To me, it seems like some clandestine method was employed to take some consent or activate some automated RD feature. RBI has strict guidelines on such things, so you are safe if it is accidentally pulled/started.)
Profit of just 434 rs.Β
Too low.
This is not a common issue. Please file a complaint with the nodal officer as the customer support team may not be willing to address this matter due to their lack of initiative.
Profit of just 434 rs.Β
Too low.
This is not a common issue. Please file a complaint with the nodal officer as the customer support team may not be willing to address this matter due to their lack of initiative.
Also, adjudted for CPI (inflation), at the same interest rateβ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ βββ ββββββ even if the interest amount was N times more (for a higher corpus) this still is daylight robbery.
CPI keeps going above 5% and depending on one's risk appetite, one can have numerous other (investment) avenues (within India itself) that have a reasonably better RoR or IRR.