Skip to main content

Banks doing Fraud In SENIOR CITIZEN SAVING SCHEME (SCSS) DEPOSIT.....

 


BANKING FRAUD BY BANKS IN SENIOR CITIZEN SAVING SCHEME (SCSS) DEPOSIT.



Banks are looting our hard earned money. Senior citizens invest in SCSS for better interest (always 0.7% higher than PPF) and safety as it is guaranteed by the Goverment of India.


However, fraud starts when the deposit holder dies and nominee/legal heir is forced to close the deposit by the law.


Banks treat such closure as premature closure of deposits and refund the money after deducting penalty. This deduction is the fraud and most accept this deduction as genuine deduction as they lack the knowledge or they don't have time to follow up with authorities.


Income Tax website clearly mentions rules governing SCSS deposit. Sub section 5 of rule 8 clearly states that no penalty deduction shall apply in case the deposit holder dies.The original gazette notification for this SCSS scheme is 490 (E).


Some one has just experienced this fraudulent deduction from BANK OF INDIA KANDIVALI (W) station branch, Mumbai. He fought for about 45 days with the bank with emails to higher authorities, personal visits and twitter tagging. Eventually he received about 9500 back from the bank that was deducted as penalty treating the SCSS deposit closure as premature despite the fact that the closure was due to death of the deposit holder.


Just imagine how many SCSS deposit holders must be dying every year and amount that banks may be deducting as penalty for closure!


Update your information on such schemes. Be aware.   We request all RETIREES ASSOCIATIONS & FEDERATIONS,  & individuals, to take up the matter with finance ministries and IBA & CEO OF all banks to issue, IMMEDIATELY, circular to STOP this unjust & cruel penality to widow of deceased depositor.

Comments

  1. A bank is defined as the one where the poor saves for the rich to borrow....

    ReplyDelete
  2. icici bank is also doing fraud..they deducted tds in the month of april after having submitted 15 h form

    ReplyDelete

Post a Comment

Popular posts from this blog

FDA Maharashtra Directory Contact Moblie Number

Food and Drug Administration Directory  DOWNLOAD JUNE 2021 CONTACT LIST PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT Field Office Circle Head (Assit Commissioner Address of Field Office Inspector AHMEDNAGAR A.T. RATHOD (7045757882) 19C, Siddhivinayak Colony,,Near Auxillium School, Savedi,,Ahmednagar - 414003 J.H.SHAIKH (9158424524) AKOLA H. Y. METKAR (9730155370) Civil Line, Akashwani Road, ,Akola ,AKOLA H. Y. METKAR (9730155370) AMARAVATI U.B.GHAROTE (9595829895) Office of the Joint Commissioner,Jawade Compound, Near Bus Stand,Amrawati-444 601 C. K. DANGE (9422844477) AURANGABAD S. S. KALE (9987236658) Office of the Joint Commissioner,,2nd floor, Nath Super Market, Aurangpura,Aurangabad R. M. BAJAJ (9422496941) AURANGABAD Zone 2

RTE & School Quota Of Kalyan Dombivli KDMC Region Thane

 Kalyan Dombivali Municipal Region School Quota and RTE 25% quota details received from RTI reply from KDMC Education department. Almost in all the schools free education seats for income below Rs1lac is vacant .The vacant seats are illegally filled by private school in open category by private schools by taking donations. KDMC education didnot taken any action. Total approved strength of class is 4 times of RTE quota. If RTE 25% quota is 25 then approved students limit is 100 students. Means 75 students from general and 25 from RTE 25% quota. In all the schools students are more than from approved strength and RTE 25% seats are vacant. It means RTE seats are filled by general students. As per RTE Act 2009 poor quota seats ie RTE25% cannot be filled by general quota in any condition and at any class. Helpline 9702859636  RTE Admission 

Mahatma Gandhi Adopted Feroze Khan For Indira Marriage & Gave "Gandhi" Surname

Mahatma Gandhi Given His Surname To Indra as "Gandhi" Nehru-Khan-Gandhi Dynasty : Jawaharlal Nehru was the first prime minister of modern India, and he ruled the country from 1947 to 1964.  He was born on 14th November 1889, to Motilal and Swarup Rani Nehru.  The family belonged to a Kashmiri Brahmin tribe called ‘ Pandit.’   Indira Gandhi, daughter of Jawaharlal Nehru, became prime minister of India in 1966. Mrs. Gandhi was born on November 19, 1917 to Jawaharlal and Kamala Nehru.  She was named Indira Priyadarshini Nehru. She fell in love and decided to marry Feroze Khan, a family friend. Feroze Khan’s father, Nawab Khan, was a Muslim, and mother was a Persian Muslim.  Jawaharlal Nehru did not approve of the inter-caste marriage for political reasons (see  http://www.asiasource.org/ society/indiragandhi.cfm ).  If Indira Nehru were to marry a Muslim she would loose the possibility of becoming the heir to the future Nehru dynasty.  At this juncture, a