Re: RBI Guidelines on personal loan foreclosure | No Source Restrictions:
From: Suhit Kalubarme
Date: Sun May 10 2026 - 01:16:01 EST
With reference to attached email order to streamline internet banking for all banks.
PFA.
On Sun, May 10, 2026 at 9:56 AM Suhit Kalubarme <suhit.k001@xxxxxxxxx> wrote:
@Order RBI Governor (Immediately effective)RBI please provide in details self - explanatory manual for all banks for internet, mobile banking, automatic accounting kiosk to avoid ambiguity.No Source Restrictions: For floating-rate loans to individuals (non-business), lenders cannot levy foreclosure charges regardless of the source of the funds. This means the funds can come from a third party, your own savings, or another loan.Expediate self - accounting kiosk everywhere to stop human related issue. (Corruption, ego, strikes, holidays, vacation etc.)FIRE ALL CONCERNED EMPLOYEE.
--- Begin Message ---Dear Mr. Kalubarme,We write with reference to your e-mail concern regarding your ICICI Bank Loan Account LPPUXXXXXXXX2037.We understand that you have submitted the part payment request through our banking application via service request number 080113186 as on April 30, 2026.However, we regret to inform you that we are unable to process your request as per the part payment amount has not received on your loan account.Please note that as per the loan record, your repayment bank account is HDFC BANK LTD from which we cannot debit the foreclosure amount.Further, we recommend that visit our nearest ICICI Bank Loan Servicing Branch along with Id-proof by following this link: https://www.icici.bank.in/find-atm-branch?ITM=nli_home_na_footer_3CTA_CMS_locateUs_NLI and speak with our branch official to initiate the request for the part payment/ closure.Sincerely,Sujit Kumar BeheraCustomer Service ManagerTeam ICICI BankNEVER SHARE your OTP, CVV, URN, User ID, password with anyone, even if the caller claims to be from ICICI Bank, Bank employees will never ask you for these details. Please safeguard these account details as sharing it can lead to unauthorized access to your account.CONFIDENTIALITY INFORMATION AND DISCLAIMER"This e-mail message may contain confidential, proprietary or legally privileged information. It should not be accessed by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. You will appreciate that e-mail transmission cannot be guaranteed to be secure or error-free as its contents are susceptible to loss, damage, interception, destruction, etc. Before opening any attachments please check them for viruses and defects".
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