ORDER

R. Lakshminarasimha Rao, Member (Oral)- The complainant has filed appeal contending that the District Forum has not considered the evidence in proper perspective and allowed part of claim for refund of switch charges and disallowed consequential relief of the refund of excess collected interest and compensation for Rs. 5,00,000. And that the District Forum failed to consider the contractual obligations in relation to the rate of interest which should be in accordance with directions of the RBI and that the variation in rate of interest was not informed to the appellant and that the respondent-bank in order to divert the attention of the appellant as to the enhanced rate of interest, unilaterally extended period of repayment schedule.

2. The appellant availed housing loan from LIC Housing Finance Ltd and on agreement, the respondent-bank had taken over the loan from LCIHF under loan account bearing Number LBHYD 00000710800 to be repaid @ 7.25% in 252 EMIs @ Rs. 12,207 per month. The appellant came to know after going through statement of account dated 19.3.2008 that the respondent-bank charged excess interest than that was agreed and it was done without issuing notice to him. Th