I have faced a similar problem with another private bank. Do one thing: collect all your documents (account details, transaction proofs, complaint letter, ID proof, etc.) and all communication records before submitting your complaint to the RBI. RBI will resolve this issue in 30-35 days, as my issue was resolved in 30 days.
Reema
Posts
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How much time will RBI take to resolve my issue? -
Should i file a complaint with the RBI?While doing international transactions, most banks impose a transaction fee, typically a percentage of the transaction amount. The card's terms outline all these details, which I'm sure they have already explained to you. However, if they failed to disclose these charges to you during the credit card application process, it's advisable to lodge a complaint against them.
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How do RBI's regulations affect the bitcoin exchanges?The RBI established the strict policies to manage foreign exchange, following KYC/AML rules and ensure that cryptocurrencies remain outside the main banking system of India. The future of cryptocurrency in India is still uncertain.
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I can't use my reward points while booking a train ticket.There is no correlation between the title of your question and its content. To learn about any credit card offers, please refer to this post:
https://fincuss.com/topic/46/any-offer-on-hdfc-credit-card/2 -
Are my Aadhar Card and Pan Card sufficient for mudra loans?You need the following documents to apply for a Mudra Loan:
- Identity Proof: Aadhar Card, PAN Card, or Driving License.
- Mudra Loan Application Form.
- Address Proof.
- Business proof includes a business license or tax registration.
- Your business plan.
- Your income proof.
- Bank Statements
- Passport-size photographs.
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How can I reapply for my education loan?Apply for the loan again, preferably with a co-applicant who has a good credit score. To secure a loan, you can offer some kind of property or fixed deposits.
There are various government-run education loan schemes available for your consideration. Among other things, you might explore the Padho Pardesh Scheme, the Vidhya Lakshmi portal, and the CSIS system. These are government-managed projects. Review the qualifying requirements of every program and make appropriate decisions.
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Is minimum land required to qualify for a farm loan?You need Identity Proof (Voter Id, Aadhar Card, PAN Card etc.), Address proof, Land Ownership proof, and financial records, such as credit reports or income statements. These are the documents you need to submit while applying for an agricultural loan. You have at least 5 acres of cultivation land and around ₹1.5 lakh of annual income for an agricultural loan.
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Is the cost of the SBI Air India card justified?If you are regularly flying through Air India, then this cost is justified, as it provides benefits to you like reward miles, discounts, lounge access, travel insurance, and many more.
If you're interested in exploring more options, then Axis Bank Vistara and Citi PremierMiles cards offer flexible rewards with additional benefits like travel insurance, lounge access, offers on dining, shopping, and many more. -
Which is the best credit card payment app with good cashback offers?You can use CRED, Paytm, Amazon Pay, and PhonePe to pay for your credit card bills, and these provide good cashback rewards, discounts, and offers on various brands that you can use later.
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Which is the best type of current account for my small business?HDFC bank offers accounts like Smart Up Current Account and the HDFC Smart Up Solution, which are best for small businesses. These provide cheap maintenance costs, simple transaction tools, and free cash deposit limits.
Then there is the Corporate Current Account from HDFC, which provides digital banking tools to handle your money and flawless card payments. -
Is a critical illness rider important?If you think the cost is 65% of your regular premium, which is expensive, then you might look at separate health insurance options for better value and flexibility. Perhaps you will discover more affordable and flexible alternatives.
Before making any decisions, consider the following factors:
- Are you prepared for this long-term commitment, given the higher premium?
- Just confirm whether you truly require this additional coverage.
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How to use my Amazon Pay balance?If you don't need cash immediately, then it's better to put all the money in mutual funds. Trust me, it's a wise decision. For stable and steady growth, you could consider a balanced fund or a large-cap fund. The risk factor is very low in these types of mutual funds.
If you want flexibility, you can transfer this money to your savings account to earn the interest, or you could just put in a short-term fixed deposit. -
Does HDFC Bank charge any additional fees for the auto sweep facility?Yes, HDFC charges some fees if you choose the auto sweep services. Additionally, HDFC charges fees for early withdrawals from fixed deposits. The threshold amount is entirely dependent on your spending and saving habits. Many set it at ₹25,000–₹50,000, hence just the additional money gets cleaned.
Regarding the hidden charges, it's advisable to consult with bank officials to gain further clarity on whether to choose this service or not.
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Is there any other investment more tax-efficient with a shorter lock-in period?NPS is a good option if you want tax benefits. However, if the lock-in period is your primary concern, there are alternative options available. ELSS mutual funds are a good option with only 3 years of lock-in period and also give you tax benefits under Section 80C.
PPF is another tax-saving choice with a 15-year lock-in period, but you can withdraw a partial amount after 5 years. So managing NPS with these schemes gives you flexibility with both tax savings and less lock-in period. -
HDFC or ICICI: Which is better for the salary account?Both banks offer competitive corporate salary accounts that come with premium benefits. ICICI has good online banking service and customer care service. HDFC offers high interest rates on savings.
So while selecting the premium card for yourself, choose the card that gives you good rewards, a daily cash withdrawal limit, travel benefits, and a good cashback facility.
Both cards offer excellent services. So choose the card that fits according to your spending habits. -
How do I upgrade my debit card?There might be a technical issue with the PNB app at that moment. Try to upgrade your card at a later time. If you are still not able to upgrade your card, it's better to visit your PNB branch and tell the staff to upgrade your Classic Debit Card to a PNB Platinum Debit Card and they will upgrade your card.
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Which bank offers the best home renovation loan?SBI, HDFC or ICICI are good banks for a home renovation loan, as they have good customer service, affordable interest rates and an easy application process. These banks offer flexible terms for renovation loans, so you are not committed for the long run.
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Which bank provides long-term home loans with small payments?SBI and HDFC banks are very popular banks for providing home loans because of their affordable interest rates and easy application process. SBI offers the lowest interest rates, and HDFC gives the flexible repayment options and good customer service. Before applying for the loans, make the following things clear in your mind:
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Understand your eligibility criteria, like income and age.
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Don’t just focus on interest rates; also focus on processing fees, prepayment charges, and other terms.
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Maintain a good credit score; it will help you to get a lower interest rate.
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It’s better to compare all the offers from different banks and then choose wisely.
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Best travel insurance for my 55-year-old father.There are many excellent travel insurance companies, but the best for your father's England trip is either Trawick International Travel Insurance or Allianz Travel Insurance.
But before selecting the insurance, look for the policies that cover pre-existing conditions, provide adequate medical coverage limits, give you medical emergencies, trip cancellation coverage, and round-the-clock help.
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What are the benefits of travel insurance?Almost every person opts for travel insurance to safeguard themselves against unexpected events. Since you are going on vacation for 1 month, it's important for you to have travel insurance for your protections. Travel insurance safeguards your finances throughout your journeys. Travel insurance gives you:
Medical coverage in case of medical emergencies, trip cancellation protection, helping you in lost or delayed luggage situations, and many more.