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Compensation

This query is : Resolved 

02 December 2015 Made an FD one year ago, bank issued the acknowledgement for the same. But after one year I got to know that my FD amount was reversed back in my account the next day on issue of FD without informing. now what action I can take against the bank. How much compensation I can demand. They had acknowledge mistake. Ready to provide interest for the same. what should I do now?

06 December 2015 Claim the interest entitled as per the FDR issued to you (subject to TDS). If the banker is not willing to pay the same the remedies are:
1) Court of law; and
2) filing a petition with Banking Ombudsman Scheme, 2006.

Forced closure of deposit accounts without due notice or without sufficient reason is one of the grounds for complaint.



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