LatestLegal Updates 8 October 2026
Senior Citizen’s Rs 1.59 Lakh ATM Scam Leads SBI to Refund
A 68‑year‑old man from Rajkot, who only used cheques and never activated his ATM card, discovered that Rs 1,59,999 was withdrawn through the AEPS system without his consent. The District Consumer Disputes Redressal Commission ordered State Bank of India to refund the amount with 9% interest, highlighting a serious breach of security in digital cash‑withdrawal services and underscoring the need for tighter safeguards for vulnerable customers.
A Rajkot consumer court has ruled that State Bank of India must return Rs 1,59,999 withdrawn via the AEPS platform from a 68‑year‑old who never activated his ATM card.
- The senior citizen only used cheques for transactions.
- Unauthorized AEPS withdrawal triggered a refund order with 9% interest.
- The case highlights gaps in biometric‑based cash withdrawal security.
Read the full story here.
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