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Bank told to pay retired scientist ₹15.35 lakh for failing to notify FD maturity

short by Udit Gupta / on Saturday, 17 October, 2026
The Hyderabad District Consumer Disputes Redressal Commission directed a bank to pay a retired scientist over ₹15.35 lakh after it failed to inform him about his ₹15 lakh fixed deposit's maturity. The bank’s online portal showed a new maturity date of December 2028 and zero per cent interest. The commission also ordered ₹25,000 compensation and ₹10,000 towards litigation costs.
read more at Financial Express