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Bank's PROFIT ? ? ? Caveat Emptor
By Sanjeev Suri From India of DestiNATION Excellence
An Absolutely True Personal Experience & @|@ it is Internationally Reputed Banks that ~ are being referred to ! I Can Instantly Convince Intelligent persons who will read through my insinuations about THIS Indian entity ! ^*^ The credit card payment was kept on hold in my "other account" while their Late Charges & Interest Charges piled up on my primary card. A year and half later, the bank's authorized representatives have the gall to suggest that one should forget about the legitimate credit owed to the customer by the bank. Instead, the OFFER was for me to PAY a small portion of the accumulated "outstanding dues" and "resolve the matter". ----------------------------------- During the current month, the statements were kept in abeyance and only SMS's were received about the "Amount Due". Having made the payments, one was naturally SHOCKED [ .... for lack of a milder word ] to notice Annual Fees & Taxes levied for a card supposedly offered as "Free for Life". Have Service But Cautiously !! HSBC
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Contributor's Note
A bank trying to "create" profits by some creative accounting can be a dangerous place to park one's hard earned money. After Lehman Bros. & Citibank sagas internationally and Satyam episode in India, investors in the Stock Markets need to "verify the facts" before investing in a fast zooming scrip.
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Indian or International - They are ALL Alike !
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
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