Indian Overseas Bank — Returning money after RBI Ombudsman case
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Naren2023
Mar 28, 2023
N[protected] is my complaint ref number with RBI Ombudsman, After giving all details and having a discussion in person with senior bank officials it has been more than 1.5 years and the said bank IOB is said to issue me compensation of Rs 50000 as the case revolves around issue of a DD long time back and it seems Sanghi Plantations Ltd did not recieve them and so my investment was affected. Then the IOB bank did not report back to me nor verify with evidence whether it was encashed at IOB Hyderabad looking at their register despite my frequent visits to Matunga Telang road brach, Mumbai 400019 then . Sanghi group also has a case in SEBI and was asked to return the money to their investors. So i had written to them as well and got no response. God knows who has my money. I don't. By all probabilities and torts IOB has to refund me the money with interest. RBI had mentioned this is still extant in law. They closed the matter unilaterally and it seems have a bias towards banks. Their own archives show so much governance issues with IOB from 1999 till date. Wonder when will i get justice please?
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