NEWS & ADVICE : CREDIT CARDS
BoM to compensate customer for service negligence
By Ankit Sharma
Jul 14, 2010
Print    Email    RSS   

Bank of Maharashtra has received orders from District Consumer Forum to compensate a customer with Rs 10,000 along with Rs 3000 as expense cost for service negligence and mental tension caused to him.

The customer is Raju Adkar, a local optician. In the year 2008, the bank had returned one of Raju's cheques of Rs 6,178 saying that the balance in his account was insufficient, when his account was having sufficient balance.

When Raju brought the matter in the eyes of the bank officials they accepted the mistake and said it was due to fault in the computer system.

But the mistake was again repeated in April and May, 2009 and the bank returned two cheques of Raju amounting Rs 25,000 and Rs 12,161. The reason cited for the act was same.

Thus Raju filed a complaint with the District Consumer Forum. The forum president Sudhakar Binwade and member Manisha Khadamkar found the bank guilty and asked the bank to compensate Raju.

If the bank fails to pay it within 45 days, afterwards, it will have to pay 10% interest on the compensation.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Carnival of Indian Personal Finance Blogs #3
Be familiar with your Cash-Back Credit Card
Deter & detect ID thefts: Keep your...
Make more out of your credit card with...


in my cbil report 2 credit card bal showing one...
I want to know my credit cad status. My application...
i want see my sbi crard statement for 2011
VIEW MY HDFCBK CrCard App12042718241490N1
i want my cibil report
hdfc bank credit card app.12041215655480W1

NEWS THIS WEEK
Vijaya Bank inks a remittance agreement with Western Union May 24, 2012
Citibank exits co-branding agreement with Jet Airways May 23, 2012
Nabard asks banks to push more and more Kisan Credit Cards May 22, 2012
Electronic payments catch up, but cheques still rule May 18, 2012
Airtel and Axis Bank join hands to offer mobile banking May 17, 2012
News Archive