POSTED BY April 27, 2013 10:26 pm COMMENTS (12)ON
In the month of March, Syndicate Bank levied a charge of ₹1124 on my housing loan under the heading “OUTGOINGS BILL INSPECTION CHARGES”. Unable to understand what that was I asked the bank officials who told me that it is audit charge and will be levied every year. I have been regularly paying EMIs and I am unable to understand what sort of audit bank does! My loan is not even a year old (I had taken it on 2012 May).
I was also told that these charges depend on the amount of loan. For less that ₹5L, it would be less (mine is ₹10L). I feel that this amount is unreasonable and fairly high. So I would like to know if all banks out there levy such fancy charges. If not is there any scope to get the amount reversed and how I can go about that?