Denial of payment of stipend by IDBI bank

Complaint Date:
Category: Education

Company Name:

I joined IDBI Manipal School of Banking (Batch 1,roll no 3010002509) in November 2015 and left the school after completion of 1st trimester (November 2015- January 2016) for better carrier prospects.

I closed my education loan account and obtained necessary clearance from the IDBI Manipal Academy before leaving the campus on 31/01/2016.

I requested the bank to release the payment of Rs 2500/- as stipend for January 2016 meant for students as I withdrew from the course only after completion of the first trimester .However the bank has straight away denied my request calling it a ‘rule”.

Even though i completed my one trimester, i have not been paid the stipend of the third month.

Denial of payment of stipend by IDBI bank
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