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Compensation

This query is : Resolved 
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(Querist)
02 December 2015 Made an FD one year ago, bank issued the acknowledgement for the same. But after one year I got to know that my FD amount was reversed back in my account the next day on issue of FD without informing. now what action I can take against the bank. How much compensation I can demand. They had acknowledge mistake. Ready to provide interest for the same. what should I do now?
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
06 December 2015 Claim the interest entitled as per the FDR issued to you (subject to TDS). If the banker is not willing to pay the same the remedies are:
1) Court of law; and
2) filing a petition with Banking Ombudsman Scheme, 2006.

Forced closure of deposit accounts without due notice or without sufficient reason is one of the grounds for complaint.
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