I have existing HDFC bank home loan at 8.6%. Recently, RBI just reduced repo rate by 25 basis point.
I mailed HDFC to give effect of this reduction to my home loan and bring the rate of interest to 8.35%.
They replied that it will come into effect from 1St March.
I think that this effect should come beaforw 1St March. This is loss for customer to get effect from March.
any one know when should this effect come ideally? Can we complaint RBI ombudsman for this?
I mailed HDFC to give effect of this reduction to my home loan and bring the rate of interest to 8.35%.
They replied that it will come into effect from 1St March.
I think that this effect should come beaforw 1St March. This is loss for customer to get effect from March.
any one know when should this effect come ideally? Can we complaint RBI ombudsman for this?
