A cooperative bank in Kerala restricted a woman’s withdrawals after her fixed deposits matured and were transferred. The woman needed the funds for her mother’s medical treatment and gold loan repayment. Despite the bank’s claims of irregularities, the district consumer commission found they provided inadequate justification. The commission awarded the woman Rs 13.87 lakh and additional compensation for her distress. A cooperative bank in Kerala restricted a woman’s withdrawals after her fixed deposits matured and were transferred. The woman needed the funds for her mother’s medical treatment and gold loan repayment. Despite the bank’s claims of irregularities, the district consumer commission found they provided inadequate justification. The commission awarded the woman Rs 13.87 lakh and additional compensation for her distress.
Trending
- Watch: Syria president scrolls Instagram during Erdogan’s speech in UN
- EC on ‘SIR split’ row: Poll Panel says ‘queries’ raised by commissioners ‘part of standard practice’
- ‘No change in US position’: UK to review Chagos Islands deal with Mauritius
- Webb telescope finds changes in rings around 250-km-wide asteroid Chariklo
- Apple CEO John Ternus on most profound change at company over the last 20 years
- Meet Daisha Auda, 15, who became first Torres Strait Islander in The Voice final
- Two SC Justices call for permanent 5-judge Constitutional Bench; why it matters
- Libra season begins: How it will impact each zodiac sign
Bank stopped widow from accessing matured FDs; commission orders Rs 13.87L payment
By
Add A Comment