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Submit your complaint →Amit Bhawar, CEO at Excelsior Nexus, has accused HDFC Bank of planned fraud and looting middle-class customers through hidden charges and unfair deductions. Choice4Voice.com highlights his complaint to demand accountability from HDFC Bank and RBI.
Complaint Summary : HDFC Bank Fraud Allegation by Amit Bhawar | Customer Voices Looting Concerns
| Detail | Information |
|---|---|
| Complainant | Amit Bhawar |
| Profession | CEO at Excelsior Nexus (Arjunatests) |
| Platform | |
| Concern Raised Against | HDFC Bank |
| Issue | Accusation of systemic fraud, hidden charges, and unjust deductions |
| Impact | Financial burden on middle-class families |
| Request | RBI & Consumer Forums to investigate |
| Original Post Date | 8 hours ago (edited) |
| Source | LinkedIn Post |
About the Author of This Complaint
Amit Bhawar, CEO at Excelsior Nexus (Arjunatests), is a verified LinkedIn professional. He openly expressed his frustration on social media, claiming that HDFC Bank’s practices are systematically looting crores from unaware customers. According to him, these hidden charges and miscalculations directly hurt middle-class families who already struggle to manage debt and expenses.
Brand Involved: HDFC Bank
HDFC Bank, one of India’s largest private sector banks, has faced multiple consumer complaints regarding hidden charges, poor transparency, and unethical deductions. While the bank markets itself as a trusted financial partner, increasing public allegations suggest that many customers feel cheated rather than supported.
Full Complaint Write-Up
In his viral LinkedIn post, Amit Bhawar accused HDFC Bank of running a planned system of looting customers by introducing hidden charges and miscalculations that go unnoticed by the majority.
He wrote that:
- Every unjust deduction is not just a number it represents food off someone’s plate, education denied to a child, or healthcare delayed for a family.
- Middle-class citizens, who tirelessly work day and night to pay debts, are being exploited by institutions they trust the most.
- He urged RBI, the Banking Ombudsman, and HDFC Bank to immediately investigate these practices and restore trust.
This is not a complaint about a single account it reflects a larger systemic issue affecting millions of customers nationwide.
Choice4Voice.com’s Stand
At Choice4Voice.com, we stand with consumers like Amit Bhawar who courageously raise their voices against corporate malpractices.
If you are also facing unfair deductions, hidden charges, or fraudulent practices by HDFC Bank, you can:
- Post your complaint on LinkedIn and tag our official page. We will feature your issue on our website.
- Or directly submit your complaint through our official complaint form here: Submit Your Complaint.
Your voice matters, and when united, it creates pressure for real change.
Questions on HDFC Bank Complaints
1. Why are there hidden charges in HDFC Bank statements?
Customers often report service fees, processing charges, or unexplained deductions that aren’t properly disclosed.
2. How can I check if HDFC Bank has wrongly deducted money?
Regularly review your monthly statements, and cross-check charges with the official HDFC Bank fee schedule.
3. Can I file a complaint against HDFC Bank with RBI?
Yes, customers can file complaints via the RBI Banking Ombudsman portal.
4. Does HDFC Bank refund wrong deductions?
Refunds are possible if the issue is raised promptly with official proof of unauthorized deductions.
5. How do I escalate unresolved issues with HDFC Bank?
You can escalate to Grievance Redressal Officers and later to RBI Ombudsman if ignored.
6. Is it common for HDFC Bank customers to face hidden charges?
Yes, many complaints on LinkedIn and consumer forums highlight recurring unfair deductions.
7. What action can RBI take against HDFC Bank?
RBI can order audits, fines, and strict compliance measures if malpractice is proven.
8. Why is HDFC Bank facing so many complaints recently?
Most complaints are linked to customer service gaps, hidden charges, and aggressive sales practices.
9. How can I safeguard my HDFC Bank account from unfair charges?
By tracking statements regularly and raising disputes at the earliest.
10. Are HDFC Bank complaints only from individuals?
No, even corporate clients and professionals like Amit Bhawar have raised concerns.
11. What is the role of Choice4Voice.com in such complaints?
Choice4Voice.com acts as a consumer advocacy platform, amplifying genuine cases on its website and LinkedIn.
12. Can I submit my HDFC complaint to Choice4Voice.com?
Yes, simply visit our complaint submission page.
13. How long does HDFC Bank take to resolve disputes?
Timelines vary, but most issues should be resolved within 30 days as per RBI guidelines.
14. What documents should I keep for complaint filing?
Keep bank statements, transaction IDs, emails, and screenshots of disputed charges.
15. Can HDFC Bank be penalized for hidden charges?
Yes, if proven, RBI can penalize the bank for unfair trade practices.
16. What rights do customers have under RBI guidelines?
Customers have the right to transparent banking, fair charges, and grievance redressal.
17. Does HDFC Bank acknowledge customer complaints publicly?
Rarely, but public posts on LinkedIn have forced responses in some cases.
18. What is the Banking Ombudsman?
It’s an RBI initiative that helps customers resolve bank-related disputes without going to court.
19. How can Choice4Voice amplify my complaint?
We publish your complaint, tag the brand, and share on LinkedIn for maximum visibility.
20. What if HDFC Bank ignores my complaint completely?
You can escalate to RBI Ombudsman, approach consumer court, and share via Choice4Voice.com.
