Sir

After a long deal of repeated approaches to the vaniyambdi branch of sbi for car loan sanction of Rs 2 lacs for i20 sportz model new, costing Rs 6.32 on roads the loan amount was sanctioned from vellore office tn. At the fag end of handing over the already drafted DD for the above amount I was FORCED TO TAKE UP THE SBI LIC POLICY IN RETURN OF THE CAR LOAN SANCTIONED TO ME.. I refused to pay for the new sbi policy, as iam already holding LIC OF INDIA POLICY for the past 10 years e in force. In the event of not taking the sbi policy... SANCTIONED LOAN WAS REFUSED BY THE LOCAL BRANCH OF VANIYAMBADI AND I WAS DISPARATE to tender the loan cancellation letter to the vaniyambadi manager with my complaints and regrets there in in my cancellation letter.

The branch manager then delighted to cancel the granted dd and further debited my account for Rs 1200-/ plus by way of processing fees.

THIS HAS RESULTED IN MY LONG WAIT AND THEN FRUSTRATIONS OF ADDING THE LAST MINUTE TAG OF COMPULSARY SBI LIC POLICYS SALE TO THE LOAN SEEKER, BEARING A LOSS OF PROCESSING FEES WITHOUT LOAN AMOUNT

THIS TAT AMOUNTS TO LACK OF TRANSPARENCY IN YOUR CAR LOAN POLICY COMPELLING CAR LOAN SEEKERS TO TAKE UP YOUR POLICY IN SPITE MY HOLDING OTHER POLICIES IN FORCE

IT IS RIDUCULUS TO NOTE THE MANAGER COMPARING AND ARGUING THE MERITS OF SBI WITH PAWN BROKERS BUSINESS..

IT SHOULD NOT BE FORGOTTEN THAT PEOPLE ARE WARY OF THE ATTITUDE OF PAWNBROKERS AND PRIVATE FINANCIERS BUSINESS PRACTICES CAUSINNG ECONOMIC BURDEN, SO THEY APPROACH NATIONALIZED BANKS..

SUCH A PRACTICEOU IS SURE TO BRING DOWN THE IMAGE OF NATIOTNALISEED BANK BUSINESS.. ADAPT HEALTHY ATTITUDE TO PROMOTE AND SELL YOUR LIC PRODUCT WITH DIGNITY TO BRING GLORY TO SBI..

''KINDLY INTERVENE AND OBLIGE'''''