unauthoried deduction of TDS by ICICI Bank Sector X1 Rohini Delhi-85

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Complaint

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B.R.Bahl
Country: India
Senior Citizen Welfare Forum (Regd) Rohini Delhi
(Regd office C-4/33, sector X1, Rohini, Delhi-85)
                                                  Tel- 27571952, 9810549674, 9891629972
                                                              E-mail   bahl_investment @yahoo.com

                                                                                           Thursday, November 20, 2008

The Chairman and Managing Director,
ICICI Bank Ltd,
Corporate Bank,Mumbai
Dear Sir,
Your Sector X1,Rohini Delhi-85  FDR ID 513101622/036714001386dated the 29th March,2007 maturity dated 07-11-08 fvg Raj Bahl and B.R.Bahl payable to either or survivor for Rs 1,20,000 ,maturity amount Rs1,40,688
I have to bring to your kind notice with very heavy heart that your branch is not functioning properly and giving a bad name to the image of  the second Largest Private Bank of the country as a result of which your Bank is suffering badly partially due to world financial meltdown but more particularly due to your most inhuman and inefficient Bank.. I may not be wrong if I state that the branch is running like rudderless ship and needs shock treatment. Since the transfer of Shri Gagan Deep Singh Bedi to Gurgaon, the state of branch is not at all satisfactory for the last two years. Complainst have been received from several other fellow senior citizen members of our Forum who happened to be your branch customers. TDS was unauthorizedly deducted from the proceeds of the maturity amount of their FDR with you notwithstanding the fact that they had given Form 15 H during 1st quarter of the financial year.
In my instant case, I had given Form 15 H  at the time of issue of my FDR from your branch and again in the 1st quarter of financial year 2008.To my utmost surprise and disappointment, while depositing the proceeds of the captioned term deposit on the 7th Nov,2008, from my FDR, a sum of Rs 1,39,688 has been credited to my savings bank account number 036701000027 with the above noted branch instead of Rs1,.40,688.The Branch may kindly be instructed to pay the difference of Rs1363. Kindly instruct the branch that the same should not be repeated  with other elderly citizen customers and our Forum members..
Hopeful of sympathetic consideration from you,
Yours Faithfully,

B.R.Bahl
President

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