Compensation


This query is : Resolved 

(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?

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details