Axis Bank Filed False Affidavit, Wrong Loan Details, Illegal SARFAESI Action – Home Loan Fraud Complaint

R

Rajkiran Vuppala

New member
Bank Name
Axis Bank
Customer Care Number
1860-419-5555
Loss Amount
5000000
Ratings
1.00 star(s)
Opposite Party Address
Axis Bank Limited, ‘Axis House’, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025
Bank Name: Axis Bank Limited
Branch: Tarnaka ASC Branch, Hyderabad
Loan Account No: PHR002702192803


Dear Team,


I am filing this complaint against Axis Bank Ltd for serious fraud, misrepresentation, and illegal SARFAESI action on my home loan.


1. Wrong Loan Amount Entered by Bank​


Axis Bank internally showed my loan as ₹40,00,000, but my title deed affidavit clearly shows only ₹33,30,295 was actually deposited.
This mismatch is unexplained and creates suspicion of document manipulation.


2. Wrong EMI and Tenure​


Bank recorded EMI as ₹37,895 and tenure 240 months.
But actual EMI deducted was different, and recalculations were never informed to me.


3. Wrong Borrower Name​


In several documents, bank used Vuyyuru Raj Kiran, Vuppala Rajkiran, and other variations.
Identity mismatch is a serious compliance failure.


4. False Affidavit Submitted in Court​


Axis Bank filed a false affidavit before the Magistrate stating:


  • No stay existed (but High Court later issued stay)
  • Wrong loan amount
  • Wrong borrower information
  • Wrong NPA classification

This is a criminal act under IPC 191, 192, 193, 199, 200, 420, 468, 471.


5. Illegal Possession Attempt​


Without proper 13(2) and 13(4) service, bank pushed for Section 14 action.


6. After I Filed High Court Writ, Bank Stopped Responding​


Stay order is active, but Axis Bank recovery team still tried to threaten tenants and create fear.


7. RBI Ombudsman Complaint Closed Without Investigation​


My complaint was closed under clause 10(2)(b)(ii) even though:


  • Fraud affidavit was filed
  • Wrong account details
  • No proper notices
  • Harassment to tenants

I request public awareness, consumer protection, and strict action against Axis Bank for suppressing facts and misusing SARFAESI.


Requested Relief:


  • Compensation for harassment
  • Action against guilty bank officers
  • Correction of all loan records
  • Cancellation of illegal SARFAESI proceedings

— Rajkiran Vuppala
Flat 205, Padmashree Apartments
Ameerpet, Hyderabad
 

Attachments

Rajkiran Vuppala said:
Axis Bank internally showed my loan as ₹40,00,000, but my title deed affidavit clearly shows only ₹33,30,295 was actually deposited.
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We have carefully reviewed all the details and documents you have submitted regarding your complaint. Based on our thorough evaluation, you have strong reason to file a case against them, but before filing we suggest you to send a notice to the CMD of Axis Bank.

TeamMember

Thread 'Notice to CMD of the Company'

To,
Chairman / Managing Director
Mention Company Name

Subject: Notice Before Filing Consumer Case in Consumer Forum.

Dear Sir/Madam,

This is to inform you that I, Your Name, am constrained to issue this notice on account of the deficiency in service and/or unfair trade practice committed by your company in relation to Mention product/service name, order number, date of transaction.

Despite repeated attempts made by me to resolve the matter amicably, including contacting your customer care, no satisfactory response or resolution has been provided till...
 
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