Central Bank of India Branch Manager Saves the Day!

In February this year, 19 Club members had applied and received Kisan Credit Cards (under a NABARD scheme). Like most credit cards, Kisan Credit Cards too, have a credit limit that is determined by assessing a farmers needs and ability to pay back.

Unfortunately, the then Branch Manager credited the entire ‘credit-limit’ amount into the savings accounts as a ‘loan’ to the Club members. This meant that the clock had begun ticking, and these 19 members were being charged an interest on their CREDIT LIMIT!

The Club members were alert and realised what happened and imediately wrote to the Branch Manager, requesting a clarification. We also sent copies of the letter to NABARD and the Regional Branch of Central Bank of India.

In the meantime, the Branch Manager got transferred out of our village, and we received a reply from the Regional office saying this would be looked into.

The new Branch Manager, Mr. Amrik Singh Deol was appraised of the situation and he promised to remedy it immediately. And he kept his word.

Central Bank of India Branch Manager - Chodan Branch. He wasted no time in regularising all the KCC accounts.

At our last meeting, all those who had applied for the KCCs, were given fresh passbooks (as they should have been given at the very start). He’s also sanctioned KCCs for several more members.

A round of applause for Mr. Deol and the Central Bank of India’s Chodan Branch!!