- Wealth PMS
Reader PB asks over email:
- Apart from Interest, ICICI Bank Credit Card Statement always include Service charge and Insurance charge. Is it right for the Bank to charge me these items though I have not signed any insurance form?
- One fine morning I found that Reward Point 2500 accumulated with ICICI Credit card became Nil . Is their any rule that reward points are time bound and needs to be reimbursed with in a particular period? Please enlighten.
- I received a Credit Card from Standard & Chartered Bank thru courier though I have not applied for it. Never swiped even for once. After a year Bank sent me Bill for 1600.00 on the ground of not using the card. Can such amount charging for unused card is legal? What steps I can take to withdraw this amount.
Hope this helps. I’m not an advisor, and some of the above may need legal help if it gets dirty.
Note that this may affect your CIBIL credit score, so maintain a copy of all your correspondence in case the banks refuse to correct their mistakes or misreport to CIBIL. Your next choice is the RBI Banking Ombudsman, but you can only use it 30 days after you officially complain to the bank and they don’t resolve it.