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SBI illegally debits ₹19.90 lakh from widow's FD for husband's loan, HC orders refund

short by Garima Garg / on Friday, 18 September, 2026
Allahabad High Court ordered SBI to refund ₹19,90,693 illegally debited from a widow's FD to recover her late husband's personal-loan dues. Her husband took ₹15-lakh loan in 2020 but died in 2021. SBI transferred FD from one branch to another and debited the amount before transferring it back. It "stinks of mala fide action", HC observed and ordered ₹1-lakh compensation.