[Resolved]  United Bank Of India — Depriving due interest on Fixed Deposit

a. I had to purchase two fixed deposits receipts with United Bank of India, Bhatpara branch, as detailed below, for submitting same to the C D A, Patna as Security Deposit/Earnest Money.

SL FIXED DEPOSIT A/C NO. DATE OF ISSUE DATE OF MATURITY
1. 16520 26/07/1990 26/07/1993
2. 17597 28/03/1992 28/07/1993

FACE VALUE OF FIXED DEPOSIT INTEREST RATE ISSUING BRANCH
70000.00 10% Bhatpara
50000.00 12% Bhatpara

b. I could not present the above Fixed Deposits Receipts to the branch for encashing/renewing on the respective date of maturity as these were lying with the C D A, Patna.

c. I submitted the said Deposit Receipts, after getting back from the C D A Patna to Bhatpara Branch for renewal, effective from the last date of maturity, along with the over due interest accured during the over due period of 15 years.

d. On checking the renewed fixed deposit receipt (A/C No.[protected] for Rs.1,81,216.00 as received on renewal, it has been noted with great regret that the bank has allowed interest at a rate of 3.5% p.a. for the overdue period of 15 years, which I feel unjustified and has deprived me of getting the interest due as per rules.

e. The above fact was informed to the Regional Manager, United Bank of India, 24 Paraganas(N) through a letter dated 04.07.09 for taking necessary action.Till date, no action has been taken against my letter.

f. Under the circumstances, I shall apprecite, should you kindly take up the matter with General Manager, Marketing & N.I., United Bank of India, 11 Hemant Basu sarani, Kolkata-700001, ph No.[protected] for redressal of my complaint so that I would not be deprived of due interest on the Fixed Deposits mentioned above.

Anticipating prompt and favourable reply,

Thanking you,
Yours sincerely,
Juraneswar Kundu