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ICICI Bank / malpractice!

1 India Review updated:

ICICI bank without my knowledge and for no reason debited Rs 19000/- and no one is responding to my complaint.

Worst Bank to bank with... Experienced by most of the customers!

Besides the malpractices... the bank will force you maintain a 'said minimum balance' - quoting which they would deduct huge sums every quarter... to explain ( FACTUAL DATA - as it stand now - February 2007 ) - if you keep Rs 4999 in your account ( ie..., less than Rs 5000 , the said minimum balance ) and leave it for 1 year - they would deduct Rs 842 per three months - so by the end of 1 year your 4999 would have got reduced to about 1500 and by 18 months - your account would show negative balance ----- Its a fact which one experiences post opening the account with ICICI Bank...

So here is a bank where your money does not grow but rather diminishes over time. I am putting this on blog / sites for others to read and be cautious while dealing with this ICICI Bank... The ads shown on television are just an eye wash and they do not mean any such thing as "Hum Hain Na"... Wish they soon become "Hum Thae Na"

In nutshell -

1. ICICI bank is the worst bank to bank with
2. ICICI bank has pathetic customer service and
3. They have enough and more "tricky fine prints in their documentation " - which by design would never be told / explained to the customers - and which are used to fool customers and make easy money..

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Comments

  • Sm
      27th of Jun, 2007
    -1 Votes

    1. Have you filed a police complaint?

    2. Do you want to harass icici bank's few managers and have a bit of time and a little money to spend then file a private criminal complaint, else if you have money to spend & no time ask the police to do it after filing the complaint.

    3. Go through the 4 step complaints process as on the icici website and inform the Banking Ombudsman.

    If you have a huge complaint, then attach it to a shorter, crisper one as it will be read faster.

    Teach these guys a lesson the right way, screaming is one of them, not enough though.

  • Am
      4th of Mar, 2007
    0 Votes

    ICICI Bank sucks!

  • Om
      13th of Apr, 2007
    0 Votes

    Sub: Mental harassment

    I am father of Shivraj Kachru who had Credit card with ICICI bank presently my son is out of station and on his behalf i am getting harassment calls and legal notice from ICICI bank even after getting full and final payment done.

    We have already paid all the payment and received full and final settlement still why we are being sent legal notice.

  • Ra
      6th of Jul, 2007
    0 Votes

    Have been facing lot of problem with SO CALLED ‘HUM HAIN NAA: PROBLEM create karne ke liye’ bank for last 4-5 years. This is one of the WORST Bank in India as far as customer’s faith is concerned. I can list most of the problems I faced but the list is long, so not including each one here.

    How many of know that ICICI & HDFC (two) bank collected Rupees 150 Crore penalty/fine from customers just not to maintaining the minimum average quarterly balance. This tells a good example of how these banks particularly ICICI cheat customer.

    On Jan-07-2007, Supreme Court of India issued warning to ICICI for not following legal procedure to recover loan.

    In past few months 2-3 person died in ICICI premise. Those people were brutally harassed/killed by ICICI recovery agents.

  • If
      8th of Jun, 2008
    0 Votes

    You are right ICICI bank is the worst bank and customer service is more worst than the bank. I was in UAE and i lost my debit card and for 15 days these customer care exec. gave me information in installments and on 20th day i recieved the card. I had to borrow money and could get to eat. CC execs kept on toggeling some said yes some said no but no exact information.Disgusting.No one should ever get an account with this so call bank.

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