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Corporation bank

This is a discussion on Corporation bank within the Banking forums, part of the Business & Finance category; I AM AN ACCOUNT HOLDER OF CORPORATION BANK BRANCH FEROZEPUR CITY (PUNJAB) MY A/C NO. IS SB01003075. I HAVE PURCHASED ...

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    Default Corporation bank

    I AM AN ACCOUNT HOLDER OF CORPORATION BANK BRANCH FEROZEPUR CITY (PUNJAB) MY A/C NO. IS SB01003075. I HAVE PURCHASED PETROL ON 10-9-2011 Rs. 10000/- THROUGH MY DEBIT CARD (MASTER CARD) ISSUED BY BANK. THE BANK HAS CHARGED Rs. 250/- AS TRANSACTION CHARGES ON 23-9-2011. THE CHARGES DEBITED BY BANK IS UNJUSTIFIED AND ARE ON VERY HIGH SIDE. I APPROACHED MY BANK BUT THEY FAILED TO SATISFY ME AND I POSTED A COMPLAINT TO BANK ONLINE 25-9-2011 IN RETURN THEY REPLIED THAT " As per the policy guidelines of VISA / MASTER Cards, there will Ser Charge on the purchase of Fuel and Railway Tickets. These are not the Charges levied by our Bank.".
    IT IS NOT JUSTIFIED ON THE PART OF BANK OR MASTER CARDS TO CHARGE SUCH HEAVY AMOUNTS FROM THE CUSTOMERS TO USE THEIR CARD FOR PAYMENT FROM THIER SAVING BANK ACCOUNT.

  2. #2
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    Default payment delay

    TO,
    The Manager,
    Corporation Bank,
    Khambhat.

    Dear Sir,

    Re.: Fate of our Export BillNo.001/04-10-2010 for $ 13220.00

    We invite your immediate attention to our above cited export Bill submitted to you vide our letter dated 04.11.2010 along with all other required documents as listed in our letter under reference. WE are extremely sorry to note that till date you have not credited proceeds of our above bill though more than 4 months time already lapsed.

    It is also surprising that during this tenure you have not tried to intimate us fate. Only on our inquiry you have informed us that till date you have not received payment from your dealing branch. It is needless to mention that the bill was drawn on D/P at sight.

    Through this letter we once again request you to give us fate of above bill immediately.

    Please note that if we will not hear anything from you within 15 days from the date of this letter, we will be compelled to take up the matter at appropriate level.

    Thanking you,

    Yours faithfully,




    11.04.2011
    To,
    The Secretary,
    The Memon Chamber of Commerce,
    Patharia Palace, 75, Mohmmadali Road,
    MOMBAI-400 003.

    Dear Sir,

    Re.: Export Proceeds of our Bill is not forth coming.
    Ref: Your Certificate of Origin No. 018685 dated 04.11.2010.

    We invite your reference to your certificate of origin along with which we had submitted all our documents of our banker Corporation Bank, Khambhat Branch. Copies of invoice, letter addressed to the Bank are enclosed herewith for your reference.

    We understand that your esteemed institution is taking care and helping to small exporters like us to increase their business and to help in case of need to solve the problems with bankers and other related authorities.

    Coming to main matter, till date we have neither received proceeds of our bill under reference, nor any communication from the bankers. We also enclose copy of letter addressed to our banker to know the fate. We request you to extend your helping hand and to initiate appropriate action to get the proceeds of above bill. Please also intimate any action to be initialized by us from our end.

    Thanking you in anticipation and soliciting your quick help.

    Yours faithfully,

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