I have opened a RD on 21.7.14 in SBI at Sector 7 Market Faridabad (Haryana) Branch. This RD had matured on 21.7.19 & bank has auto transferred fund in saving account. But I was surprised to see that deposited amount was much less then committed amount.
I have raised this issue to concern branch many times with staff as well as with Branch Manager. After repeated follow-up with Branch Manager they tried to know region from some backend service & backend service had wrote them that there is a penalty of Rs.27450.00 in RD without assigning any reason behind it. Branch Manager had written this statement on my request letter. But they are unable to tell me that why bank had not given me my full amount. They told me that they are unable to do any more as this is computerize calculation.
Matter was submitted to Banking LOKPAL but they also closed matter on the basis of bank reply & they even didnt try to understand the matter from me. Lokpal closed the matter without going in any facts (It show that there is no use of LOKPAL for public, they are favoring to bank only.).
After LOKPAL decision I filled a complain to Consumer Court Faridabad, this forum has listened my complain & find deficiency in service. This court give decision in my favor but they also couldnt provide full settlement. I got some money through their decision but still I could not get my entitled money from Bank. I request you to please instruct to bank that-
1. Pay my pending money
2. Provide me all calculation
3. Pay interest on hold money
4. Pay compensation to me for this harassment.
Details are as follows-
RD Holder
Ms. Radha Mishra (Minor)
R D No. [protected]
Period 5 Years from 21.07.14 to 20.07.19
Branch
SBI, Sector 7 C, Faridabad (B Code16107)
Deposited installment 60 no
Rate of interest 8.5%
Monthly Installment
Rs.10000 Per Month
Deposited Amount
Rs.600000.00
Committed Matured Amount
Rs.749697.00
As per bank rule, applicable Penalty & late fee (Penalty in case of delay in payment of installment of RD of 5 years or less shall be Rs 1.50 for every Rs 100 per month.) for 16-month delay
Rs.2400.00
TDS Deduction
Rs.16188
Net payable after deduction (Penalty & TDS)
Rs.729975.00
SBI has refunded me a sum of
Rs.661045 + Rs.42500 through Consumer court
Balance amount to be pay
Basic amount Rs.27500.00 + Interest on delay payment + Penalty + compensation on account Harassment
Kindly arrange to resolve my issue & arrange to refund my balance money.
Thanks & Regards
Narendra Kumar Mishra (On behalf of Radha Mishra) Guardian
H. No.729, Sector 7C
Faridabad
Tel.[protected]
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