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RBI rules turn User-Unfriendly ! - Tv9

Sat, Jan 21, 2017, 10:42 PM
The RBI is the sovereign institution of banking system in India, as this decides the fate of banks and people in the country, over their financial needs. It is reported here that RBI rules are becoming problematic for the people, as its rules are going against them. When the ROI is increased, the banks can directly levy that extra interest without informing to the customer, but when the ROI is reduced, the customer had to submit a written requisition to apply the lowered ROI. Those who took the loans above 10 lakhs, should pay Rs 5700 along with the KYC form, to enjoy the reduced ROI.
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