HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
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HDFC Bank to refund controversial 'GPS device commission' charged to auto loan borrowers

Date: 18-06-2021

HDFC Bank is planning to refund the controversial 'GPS device commission' charged to auto loan borrowers for six years. The bank will refunding the GPS device commission to auto loan customers who availed of such device as a part of the auto loan funding during the period FY 2013-14 to FY 2019-20. The refund will be credited to the customer's repayment bank account as registered with the bank and asked customers to get in touch with it in the next 30 days.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.