Interest Subsidy of Bank Of Baroda Education loan

POSTED BY dipak ON April 21, 2014 2:12 pm COMMENTS (20)

Dear Sir,

I had taken the Education loan from the bank of baroda, bapunager branch,i was eligible for that scheme and i got Interest subsidy of Rs. 4721/- for the year 2009-2010 and Rs 16347/- for the year 2011-12 , but still not received the interest subsidy for the year in between i.e. 2010-2011.

I had gone many times to the branch, but they not giving answer properly i.e. we had written letter, we had claimed your missing interest etc etc..

for that what should i do, give the way to get my missing interest.

20 replies on this article “Interest Subsidy of Bank Of Baroda Education loan”

  1. Kshitij says:

    The same has happend to me!
    I am Delhi college of engg student and i took loan from sbi and failed to get 2nd year interest subsidy.
    Can u please tell me what can i do now?

    1. Hi Kshitij

      Your cases is a bit complex and I think we are not the right people to comment on it.

      My suggestion would be hire someone who is professional in this area and consult them

      Manish

  2. TARANGKUMAR BORICHA says:

    Dear Sir,

    My name is Tarang Boricha. I had taken education loan from BOB as on 19 OCTOBER, 2012.
    Loan amount is Rs. 1,89,000. I was got only one subsidy for the year 2012-2013 & amount is Rs.1684.
    Canara bank claim portal shows claim for the year 2014-2015, 2015-2016. The Claim detail for the year 2013-2014 has not been seen, & still i didn’t getting remaining amount of subsidy for the year 2014-2015, 2015-2016.
    Kindly guide me what should i do ????

    thanks,
    tarang boricha

  3. priyanka says:

    Dear Sir,

    I am Priyanka. I have taken an Education loan vide A/c.38550600000011 . My loan was upto 2,75000 and I took 67000 from bank of baroda khategaon dist dewas M.P. in first year and course was 3 year. For 2 year I paid cash in my college. I dint take loan for last 2 year . and i have been paid interest for 67000 all 3 year now they are telling that i will not get any subsidy because i dint take full loan which is 2,75000 . please sir tell me for 67000 will i not get any subsidy?

    I hope you will be solve my problem.

    Thanking You,

    Thanks & Regards,
    Priyanka

    1. I am not sure on that !

  4. Rahulgamot says:

    Hello,

    I had taken education loan form Bank of Baroda in 2011-12 of 4,00,000rs and i was not able to pay interest on time because financial condition of my family is not good. So at this time total overdue amount reached to 6,50,000 , so can i avail interest subsidy scheme effective form 2009-10.

    Kindly suggest me with procedure on my email address.

    Thanks & Regards,
    Rahul Gamot

    1. Hi Rahulgamot

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

      1. RahulGamot says:

        Dear Manish Chauhan,

        Thanks for your reply but can you give me a brief on that ?

        Thanks
        Rahul Gamot

    2. Hi Rahulgamot

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      ManishHi Rahulgamot

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  5. ashalanshu says:

    Dear Dipak, If your matter is still pending, please file a complaint with Ombudsman again. Alternatively you may file a consumer court case.

    Thanks

    Ashal

  6. dipak says:

    Dear ashalanshu,
    I had already sended the complaints documents to Banking Ombudsman, but they replied me via post of one paper, written that” your matter is resolved”

    From:
    Dipak Veljibhai Nakum
    D-302, Narayan Residency,
    B/H- Gokul Bunglows,
    Near Kenal, Nikol Gam Road,
    Ahmedabad- 382 350.
    Mobile No 9824862466

    To,
    Reserve Bank of India
    La Gajjar Chambers, Ashram Road
    Ahmedabad-380 009

    Kind Attn: Shri Rajesh Kumar

    CC:

    The Manger,
    Bank Of Baroda,
    Bapunager Branch,
    Ahmedabad.

    Subject:- Central Scheme of Interest Subsidy for Educational Loan pertains to A/c.31940600000013

    Respected Sir,

    I write this letter to bring your kind notice to my grievance of non receipt of interest subsidy under Central Scheme for the year 2010-11 for Rs. 10886/- against my Education Loan in spite of repeated reminders & personal visits to Bank Of Baroda, Bapunager branch, Ahmedabad from where I have taken an Education loan vide A/c.31940600000013

    Sir, I have received the Interest subsidy of Rs. 4721/- for the year 2009-2010 and Rs 16347/- for the year 2011-12 , but still not received the interest subsidy for the year in between i.e. 2010-2011.

    I have requested the Branch Manager, Bank of Baroda, Bapunager a no. of times by personal visits to sort out this matter but since I am not getting any satisfactory reply from Bank Of Baroda, Bapunager branch, Ahmedabad, I am approaching you with a request to kindly look into the matter and do the needful to get my interest subsidy amount for the year 2010-11.

    A copy of last communication addressed to Bank of Baroda, Bapunager Branch along with relevant details are attached for your reference.

    Thanking you in anticipation of your favourable action,

    Yours faithfully,

    [Dipak V Nakum].

    Attachaments:-

    1) Copy of Letter dated 28-05-2013 duly acknowledged by Bank with seal & sign dated 29-5-2013
    2) Email Communications
    3) Loan Account Statement

  7. ashalanshu says:

    Dear Dipak, then escalate the matter within BOB or you may file a complaint with Banking Ombudsman,

    thanks

    Ashal

  8. ashalanshu says:

    Dear Dipak, then what is the problem in claiming?

    Thanks

    Ashal

    1. dipak says:

      Dear Ashalanshu,

      the Manager of the Bank Of Baroda was tolled that we had already claimed your pending Interest Subsidy.

      also I gone through Subsidy’s Nodal Bank is Canera Bank, I had emailed to its CCSO, they replied me that as below,

      From: Deshpande_an [mailto:deshpande_an@canarabank.com]
      Sent: 04 April 2014 16:51
      To: dipak.nakum@windsormachines.com
      Subject: Re: Interest Missing in the Interest Subsidy On Education Loan

      Please take up with your Bank and the branch regarding interest subsidy on your education loan.

      CCSO
      CANARA BANK
      HO, BANGALORE

  9. dipak says:

    From: BAPUNA [mailto:BAPUNA@bankofbaroda.com]
    Sent: Thursday, July 12, 2012 5:36 PM
    To: CREDIT.AHMEDABADCITY; OPERATIONS AHMEDABADCITY; dipak.nakum@windsormachines.com
    Subject: FW: Re- Education Loan Interest Subsidy

    Dear sir,
    This is to inform you thet by mistek we can not claim for interest subsidy for the Edu.Loan a/c No.31940600000013 of Mr.Dipak Veljibhai Nakum,but next time we will claime for interest subsidy for the said account.

    regards,
    Br.Manager,
    Bapunagar Br.

  10. ashalanshu says:

    Dear Dipak, where is the rely from BOB officials?

    Thanks

    Ashal

  11. dipak says:

    i had already email sended to BOB higher authorities but still matter not resolved its copy is as below..
    FW: Re- Education Loan Interest Subsidy
    Tuesday, May 28, 2013
    1:41 PM

    Subject FW: Re- Education Loan Interest Subsidy
    From Dipak Nakum

    To ‘BAPUNA@bankofbaroda.com’
    Cc ‘rm.ahmedabadcity@bankofbaroda.com’
    Sent Thursday, September 27, 2012 2:17 PM

    Respected Sir,

    In respect of My Education Loan with your branch having Account No 31940600000013 I got the mail from you as below as on July 12 , 2012, what I understand from the mail is that by mistake Branch forget to claim subsidy. From your mail I was assured from your side that within short time I will get the Interest Subsidy but as of now the same is not credited to my account. It’s my humble request to you to look into the matter and resolve it to the earliest. I hope you understand my condition, I have taken loan for my education and have bear heavy interest cost. Please do the needful to pass on the interest subsidy.

    Thanks & Regards

    Nakum Dipak V

    From: BAPUNA [mailto:BAPUNA@bankofbaroda.com]
    Sent: Thursday, July 12, 2012 5:36 PM
    To: CREDIT.AHMEDABADCITY; OPERATIONS AHMEDABADCITY; dipak.nakum@windsormachines.com
    Subject: FW: Re- Education Loan Interest Subsidy

    Dear sir,
    This is to inform you thet by mistek we can not claim for interest subsidy for the Edu.Loan a/c No.31940600000013 of Mr.Dipak Veljibhai Nakum,but next time we will claime for interest subsidy for the said account.

    regards,
    Br.Manager,
    Bapunagar Br.

    From: Dipak Nakum [mailto:dipak.nakum@windsormachines.com]
    Sent: Wed 11-Jul-12 2:42 PM
    To: RM AHMEDABADCITY
    Subject: Re- Education Loan Interest Subsidy

    Hello Bhuyan Manoranjan Sir,
    My self Dipak Veljibhai Nakum, I had taken Education loan from the Bank Of Baroda, Bapunager Branch, Ahmadabad. My Education Loan Account No Is 31940600000013. I had filled up the form for Education Loan Interest Subsidy Scheme.I got the Interest of the 1st year only. One day I gone the bank and asked for Interest Credit at that time the person from the Bapunager Branch had filled up the for 3rd year Interest Claim. So the 3rd year’s interest is claimed and 1st year interest I was got , but what about the 2nd year’s Interest. I gone many time at Bapunager Branch for 2nd year’s Interest but they are given me answer not clearly.

    I hope you will be solved my problem/ give me the way to got my missing Interest.

    Thanking You,

    Thanks & Regards,
    Dipak V Nakum

  12. ashalanshu says:

    Dear Dipak, please raise the matter with higher ups in BOB.

    Thanks

    Ashal

    1. dipak says:

      i had already email sended to BOB higher authorities but still matter not resolved its copy is as below..
      FW: Re- Education Loan Interest Subsidy
      Tuesday, May 28, 2013
      1:41 PM

      Subject FW: Re- Education Loan Interest Subsidy
      From Dipak Nakum

      To ‘BAPUNA@bankofbaroda.com’
      Cc ‘rm.ahmedabadcity@bankofbaroda.com’
      Sent Thursday, September 27, 2012 2:17 PM

      Respected Sir,

      In respect of My Education Loan with your branch having Account No 31940600000013 I got the mail from you as below as on July 12 , 2012, what I understand from the mail is that by mistake Branch forget to claim subsidy. From your mail I was assured from your side that within short time I will get the Interest Subsidy but as of now the same is not credited to my account. It’s my humble request to you to look into the matter and resolve it to the earliest. I hope you understand my condition, I have taken loan for my education and have bear heavy interest cost. Please do the needful to pass on the interest subsidy.

      Thanks & Regards

      Nakum Dipak V

      From: BAPUNA [mailto:BAPUNA@bankofbaroda.com]
      Sent: Thursday, July 12, 2012 5:36 PM
      To: CREDIT.AHMEDABADCITY; OPERATIONS AHMEDABADCITY; dipak.nakum@windsormachines.com
      Subject: FW: Re- Education Loan Interest Subsidy

      Dear sir,
      This is to inform you thet by mistek we can not claim for interest subsidy for the Edu.Loan a/c No.31940600000013 of Mr.Dipak Veljibhai Nakum,but next time we will claime for interest subsidy for the said account.

      regards,
      Br.Manager,
      Bapunagar Br.

      From: Dipak Nakum [mailto:dipak.nakum@windsormachines.com]
      Sent: Wed 11-Jul-12 2:42 PM
      To: RM AHMEDABADCITY
      Subject: Re- Education Loan Interest Subsidy

      Hello Bhuyan Manoranjan Sir,
      My self Dipak Veljibhai Nakum, I had taken Education loan from the Bank Of Baroda, Bapunager Branch, Ahmadabad. My Education Loan Account No Is 31940600000013. I had filled up the form for Education Loan Interest Subsidy Scheme.I got the Interest of the 1st year only. One day I gone the bank and asked for Interest Credit at that time the person from the Bapunager Branch had filled up the for 3rd year Interest Claim. So the 3rd year’s interest is claimed and 1st year interest I was got , but what about the 2nd year’s Interest. I gone many time at Bapunager Branch for 2nd year’s Interest but they are given me answer not clearly.

      I hope you will be solved my problem/ give me the way to got my missing Interest.

      Thanking You,

      Thanks & Regards,
      Dipak V Nakum

    2. dipak says:

      also sended the application t RBI as below..
      Date: – 01th July, 2013

      From:
      Dipak Veljibhai Nakum
      D-302, Narayan Residency,
      B/H- Gokul Bunglows,
      Near Kenal, Nikol Gam Road,
      Ahmedabad- 382 350.
      Mobile No 9824862466

      To,
      Reserve Bank of India
      La Gajjar Chambers, Ashram Road
      Ahmedabad-380 009

      Kind Attn: Shri Rajesh Kumar

      CC:

      The Manger,
      Bank Of Baroda,
      Bapunager Branch,
      Ahmedabad.

      Subject:- Central Scheme of Interest Subsidy for Educational Loan pertains to A/c.31940600000013

      Respected Sir,

      I write this letter to bring your kind notice to my grievance of non receipt of interest subsidy under Central Scheme for the year 2010-11 for Rs. 10886/- against my Education Loan in spite of repeated reminders & personal visits to Bank Of Baroda, Bapunager branch, Ahmedabad from where I have taken an Education loan vide A/c.31940600000013

      Sir, I have received the Interest subsidy of Rs. 4721/- for the year 2009-2010 and Rs 16347/- for the year 2011-12 , but still not received the interest subsidy for the year in between i.e. 2010-2011.

      I have requested the Branch Manager, Bank of Baroda, Bapunager a no. of times by personal visits to sort out this matter but since I am not getting any satisfactory reply from Bank Of Baroda, Bapunager branch, Ahmedabad, I am approaching you with a request to kindly look into the matter and do the needful to get my interest subsidy amount for the year 2010-11.

      A copy of last communication addressed to Bank of Baroda, Bapunager Branch along with relevant details are attached for your reference.

      Thanking you in anticipation of your favourable action,

      Yours faithfully,

      [Dipak V Nakum].

      Attachaments:-

      1) Copy of Letter dated 28-05-2013 duly acknowledged by Bank with seal & sign dated 29-5-2013
      2) Email Communications
      3) Loan Account Statement

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