State Bank Of India [SBI] — Illegal clause on 15H. SCSS interest by the end of day.

Complaint against
SBI
MUMBAI

GRIEVANCE (2) STANDS AS FOLLOWS

(A )
Look at the attached screenshot.
3 days back when we made one FD (MOD), we filled up 15H too, simultaneously.
But the regretful and shocking part is, still after our repeated complaints, your 15H form still insist on illegal condition for income to be less than 3 lakhs.
15H is meant for senior citizen and your persistent condition of 3 lakhs limit is not applicable for senior citizen, causing hell of trouble, trauma and waste of time.
You are responsible for this, making your such negligence and deficiency punishable under the consumer protection act, concerning us to take the matter to the consumer court entirely at your risk cost and consequences.

RK Agarwal
SBA [protected]

(B)
As per the rule, SCSS quarterly interest must be credited into the investors account on the ending day of the quarter.
But it is regretfully observed that you credit such accumulated interest on the last day but at the time when the day ends, which in fact in practical term violets the SCSS rule. By keeping the interest amount for the whole day with you amounts to make the credit on the next day only. In spite of our repeated complaints, you are following your such illegal practice persistently which on the one hand makes you liable to be prosecuted for offending government rule through twisted way and on the other hand holds you liable to pay the interest for the day you keep the money with yourself for the whole day. We have also pointed out how India Post under the same scss scheme credits the quarterly interest immediately the ending day starts ie In the midnight only when the last day begins. Being constraint, you have left no other way but to initiate legal action against you in the consumer court for all the sufferings, trauma and monetary losses due to your such illegal practice entirely at your risk cost and consequences.
RK Agrawal
SBA [protected]