Penalty for Not Activating eNach Mandate

Name of Complainant Prasanth K
Date of ComplaintOctober 13, 2022
Name(s) of companies complained against
Category of complaint Banking
Permanent link of complaint Right click to copy link
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Text of Complaint by Prasanth K:

1 year back I have taken car loan from icici bank and paying it on or before the due date. Some months later they said eNach Mandate not enabled. So, they will deduct 900Rs fine each month until I activate eNach Mandate. I activated it few months later. Last month I got a message that eNach Mandate not yet enabled. So, they will deduct 9** Rs for that. My Question is: Since I’m paying amount on time, they have right to charge for for not activating eNach? Even we enable eNach, they purposely delay the payment. So, they can charge over due amount. Most of the bank do that.

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Penalty for Not Activating eNach Mandate

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