The Times of India

SBI ordered to pay retired scientist Rs 15L after failing to inform about FD maturity

A retired scientist took legal action against State Bank of India for failing to inform him about his deposit's maturity. The consumer commission determined that SBI did not communicate properly regarding the deposit and extension options. As a result, the commission found SBI had retained his funds without justification after maturity. The commission ordered the bank to pay him the original deposit amount along with interest.