bounce charges and emi account balance

Name of Complainant Dipak arun Karande
Date of ComplaintAugust 4, 2023
Name(s) of companies complained against
Category of complaint Miscellaneous
Permanent link of complaint Right click to copy link
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Text of Complaint by Dipak arun Karande:

I have brought a mobile from bajaj finserv. yesterday on 2 of august due to payment issues i was unable to maintain account balance to monthly emi.
they have charged Rs. 295 on yesterday as a charge. and now bajaj finserv added another 505 to the normal emi amount to 2934.
that means i need to pay 2934 (EMI amount)+ 295 (Bounce charge 1)+ 505(Bounce charge 2)=3734.
The Charge amount is almost 25% of EMI amount. is it fair? They had to disclose the information about it at the time of loan file creation. thats they i was framed.
I dont want anybody get framed like this. its a big scam from such companies.

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bounce charges and emi account balance

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