I endorse the same. It happened to same to me . When the interest rates gone up the HDFC raised the rates but whehe interest rates came down HDFC does not decreased the same. it is very unethical practice. Due to this I have paid huge amount as conversion charges which is very unethical as the interest rates were floating type.
This kind of unethical practice need to be curbed and ethical business need to be done. Greed of making money from the existing customers is not a good practice.
Please arrange to refund my conversion charges.
Thanks and Best reagrds