Hyderabad commission orders SBI to pay ₹15.35 lakh in FD case
In short
A Hyderabad consumer commission told SBI to pay a retired scientist ₹15.35 lakh. The case was about a fixed deposit that had matured, and the commission found a service failure.
The report says SBI did not inform the customer about the maturity in time. It does not say whether SBI will challenge the order.
What the reporting says
Hyderabad’s consumer commission directed SBI to pay a retired scientist ₹15.35 lakh after finding deficiency in service over a matured fixed deposit. The source says the dispute involved SBI’s failure to inform the customer about the deposit maturity, but it does not give the deposit date, the scientist’s name, or whether SBI will appeal. The immediate effect is a compensation order against the bank.
Why it matters
The Hyderabad consumer commission ruled against SBI in a case involving a retired scientist’s matured fixed deposit and ordered the bank to pay ₹15.35 lakh. The finding was deficiency in service, according to the summary. The ruling directly affects SBI in this case, but the sources do not state the full timeline, the customer’s identity, or any appeal decision.