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LatestLegal Updates 16 October 2026

SBI Ordered to Pay Rs 15.35 Lakh to Retired Scientist Over FD Maturity

The Hyderabad District Consumer Disputes Redressal Commission has ruled that State Bank of India failed to inform a retired scientist about his fixed‑deposit maturing, ordering the bank to pay Rs 15.35 lakh as compensation.

Court Order: The Hyderabad District Consumer Disputes Redressal Commission ordered State Bank of India to pay Rs 15.35 lakh to a retired scientist after the bank failed to inform him that his fixed‑deposit had matured.

  • The scientist’s FD had matured without notice.
  • SBI was found negligent and ordered to compensate the loss.
  • The payout aims to cover the accrued interest and inconvenience.

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