I had applied for Home Loan from ICICI Kolkata and approved of loan of Rs.18 lakhs .
The loan was disbursed fully ( in a single cheque) on 5th March,2007.
Since I had opted for starting of EMI from day one, the 1st EMI was deducted on 1st April,2007.
The EMI break-up shows the interest is calculated on whole month of March,2007 in stead of 26 days!
When contacted to local ( Bangalore) ICICI home loan section, the manger there ( Mr. Vinod Kumar) informed me that is the norm in ICICI. When demanded for written reply, he refused!
Then I contacted ( over phone and by mail) Mr. Abhisehk Mallic of ICICI Kolkata Home loan barcnh . He was the person who was handling my loan account in the begining. He also replied that ICICI home loan is calculated that way! I then requested him to reply to my mail mentioning the same.
Since then he is neither receiving my phone call nor replying to my mail!