Hi,
I took a loan of 72000/- 4 years back and I was paying an EMI of 2221/- per month, however some how i missed to pay 1 EMI. Now without informing me that I missed out an EMI they are telling me to pay 2221/- plus Rs. 9959/- as charges for not paying one EMI.
I think they want to recover their sub prime losses (losses they earned in USA) from their customers here in India.
Stay away from personal loans specially Citibank .
Cheers
Mani Sinha
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Think Before Investing Not After
I. Pre Trading
1. If you are registering for On-line / Internet
trading please be sure that you have
i. Working knowledge of computers.
ii. Complete kit on familiarisation of the
product offered by the Trading Member.
iii. Verified version of software, confirmed
installation and received hands-on training from the
Trading Member, before you start trading.
iv. Changed password issued in the welcome
letter immediately on logging into your account.
Design your password as per the prescribed guidelines
only.
v. Not shared your password and user id
with anybody.
vi. Understood the alternative methods of
placing orders in case of network or other associated
problems.
vii. Checked for system confirmation after placing
the orders and for trades executed.
2. Apart from the mandatory clauses in the agreement
stipulated by NSE, there could be voluntary
conditions that are agreed by you and the Trading
Member. Please understand the implications of these
voluntary conditions before agreeing for the same.
Some of the illustrative voluntary clauses/documents
agreed/executed between Trading Member and Investor
which require careful consideration by investor are
Running account: Where the Investor agrees
to receive funds and securities as and when he
requests rather than receiving the same within 24
hours of pay-out by Exchange.
Group Account: Where investor authorises
the Trading Member to adjust debit/credit balances
with that of his/her family members.
Power of Attorney: Where the Trading Member is
authorised to operate the Depository Account of
Investor for settlement obligations to/from Exchange.
Brokerages and Charges: Where the Trading Member
and the Investor agree upon the charges to be levied
for the services rendered by the Trading Member.
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