Reply from RBI: date Sept 24 2014 -Floating interest rate not reducing automatically in loan accounts

Below shown is the reply i got from RBI in Sept 24.

Dear Sir,

We acknowledge receipt of your compliant and request you to submit us of any specific case so as to take up the matter further. In this connection, the instructions relating to interest rates on advances are available in our master circular DBOD No.Dir.BC.13/13.03.000/2014-15 dated July 01, 2014, which is available on our website www.rbi.org.in  under notification -> master circular .

 With regards,

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