[Resolved]  State Bank of India Mumbai 400001 — NON PAYMENT OF INTEREST ON PPF A/C

Address:

Mumbai City, Maharashtra

PPF A/C NO.[protected] IN THE NAME OF SANJIV K. AGGARWAL HUF WRONGLY EXTENDED BY BANK BEYOND 31.03.2008 AND CONTINUED TO ACCEPT DEPOSITS AND CREDITED INTEREST THEREON FOR THE Y.E 31/03/2009 AND 31/03/2010 . NOW BANK IS REFERING THE RBI CIRCULAR DATED 25/05/2005 WHICH RESTRICT THE SCOPE OF PPF INVESTMENT ONLY TO INDIVIDUALS .MY COMPLAINT IS AS A CUSTMER IT WAS BANKS DUTY TO INFORM THE ACCOUNT HOLDERS TO CLOSE THE A/C ON 31/03/2008 BUT BANK NEVER BOTHER TO INFORMS ME AND CONTINUED TO ACCEPT THE DEPOSIT AND ACCRUED THE INTEREST THEREON TILL 31/03/2010 IT IS TOTAL NEGLIGENCE OF THE BANK. NOW WHEN I HAVE CLOSE THE A/C BANK HAS DEDUCTED INTEREST AMOUNTING TO RS.152624/- FOR THE Y.E 31/3/2009 AND 31/03/2010 WHICH WAS CREDITED TO MY ABOVE PPF A/C .AS A CUSTMER I SHOULD HAVE NOT BEEN PENALISED FOR NEGLIGENCE OF BANK