Hi,
Could u please explain me why the banks are asking for a conversion fee for converting from BPLR to Base rate system in case of Home Loans.
As per my knowledge RBI has instructed the banks to do it free of cost.
As well my bank UCO bank has introduced this conversion from last 2 months only. Where as i think from July 2010 RBI has introduced this.
Can u file a case in this regard against the banks..
Thanks and Regards
Gopal