State Bank Of India [SBI] — Less interest paid. No response to our grievances.

Complaint against
SBI
State Bank of India
Mumbai

SBA. [protected]
FDR. [protected]
matured on 19 September 2023

SUBJECT
1. Less interest paid.
2. No response to our grievances.
3. Violation of SCSS rules.

Our grievance stands as follows.

1. We have sent you the recent real example of India Post, along with the photo shots of India Post. S SS passbook and saving passbook, to prove very evidently that both the accrued interest principal amount as per SCSS 7(3) rule, shall be credited on the preceding day of the holi day, in case the maturity date falls on a holiday.
2. But still after all the clear legal evidence, no response from SBI, for undervalued interest paid upon our SCSS FD.
3. Look at the following calculation, making you liable to pay the difference of interest amount.
4. For the last quarter of our concerned SCSS FD, which fell due on 19th September 2023, your bank holiday due to Ganesh chaturthi.
5 so the total interest payable by you for July, August & September= 31+31+18=80 days @ 7.4 % for investment of ₹ 8, 71, 000 = ₹ 14, 127. But you paid only ₹14, 012. Why, ? Pay the difference of ₹ 115.
6. Our investment amount as per SCSS rule, supposed to be credited on 18th September but you did it on 20th only. Delayed for 2 days.
7. Making you liable to pay 2 days interest of ₹ 353.
8. Therefore conclusively, the due amount of difference less paid by you comes to ₹ 115+353= ₹468.
9. We hope this amount will be credited in to our account without any more delay or more harassment, making us constraint to take up the matter with the Consumer Court, under the consumer protection act 1986, entirely at you risk, cost and consequences with the additional amount of ₹ 50, 000 payable as penalty and compensation to be reimbursed by you for all the trauma, waste of our valuable time over such a trifle amount of ₹ 468 and for the violation of SCSS rules, which make a legal note of.
RK Agarwal