That’s what I can say with respect to the practices the bank is following for the last one year. They increased their interest rates the very next day when the rates are hiked by RBI. But they take 6-12 months to decrease the same.
Now they have increased the fore-closure charges so that existing customer cannot do anything. Moreover, I found out that they have not mentioned 2% fore-closure penalty in my agreement at all. It is written in a complex manner so that it can be interpreted by HDFC as per its whim
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