State Bank Of Bikaner And Jaipur [SBBJ] — Cheques returned without valid reasons and debit of cheque return charges

Address:

Jaipur, Rajasthan

I have an O.D.Account No. [protected] at SBBJ, P.R.Road, Jaipur Branch. Two cheques Nos. 555050 and 555051, issued to Jaipur Development Authority on 13.04.2017 were dishonored by the Bank on 17.04.2017 and dishonor charges of Rs. 575/- for each cheque was debited to my account.
On contacting the bank it was advised that the O.D. limit sanctioned on pledged FDs was cancelled on 16.04.2017 as the FDs were matured on that date.
Bank's explanation is not accepted to me on the following reasons:
i) FDs were renewed immediately on maturity, therefore, bank held the security continuously.
ii) If the OD limit was cancelled than the Debit balance(about Rs. 6.00 lakh) should have been treated as unauthorized overdraft and the should have been adjusted from the maturity amount of the pledged FDs. But the bank continued to show the debit balance as an over draft. It implies that I continued to enjoy the OD limit.
iii) Bank did not inform me about the status and likely status of my account to enable me to take necessary precautions in issuing cheques, therefore, the act of the bank is mischievous. More so, I issued the cheques on 13.04.2017 and how was it possible for me to impress the payee to lodge the cheques before a date when my bank will not clear them.