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Court orders SBI to pay retired scientist Rs 15 lakh over missed FD maturity notice

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A retired scientist filed a complaint against State Bank of India after the bank did not inform him that his fixed deposit had matured. A consumer commission found that SBI failed to properly communicate about the deposit and its extension options. The commission also held that the bank kept his money after maturity without any valid justification. It has directed SBI to repay the original deposit amount along with interest.

Read the full story at Times of India

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Court orders SBI to pay retired scientist Rs 15 lakh over missed FD maturity notice · ShortSingh