The Economic Times

Bank failed to return Rs 5 lakh FD after maturity; Kerala HC directs bank to repay FD with 12% interest and Rs 10,000 compensation

The Kerala High Court has ruled that a bank dealing with public funds owes a duty to its depositors to make prompt payment of the funds deposited by them. This judgement came against the background of a case filed by a man from Thrissur whose grievance was that his Rs 5 lakh FD which had matured in 2015 but due to technical reasons the bank did not repay it.