STOCK MARKET BSE NSE

Pay Rs 28,000 for blocking ATM card, DCDRF tells SBI 

The District Consumer Disputes Redressal Forum (DCDRF) has asked the SBI to pay a sum of 28,000 for blocking the ATM card of a senior citizen in order to recover the education loan he had taken.

Published: 18th July 2018 04:37 AM  |   Last Updated: 18th July 2018 04:37 AM   |  A+A-

By Express News Service

MADURAI: The District Consumer Disputes Redressal Forum (DCDRF) has asked the State Bank of India to pay a sum of `28,000 for blocking the ATM card of a senior citizen in order to recover the education loan he had taken for his daughter’s education from his pension amount.

The complainant, U Ramu, is a retired employee of the commercial tax department and is a resident of Iyer Bungalow. He has a Savings Bank account with State Bank of India (KK Nagar branch) and uses an ATM card to withdraw his pension, which is credited to his bank account. Ramu had obtained an education loan from the bank for his daughter’s education in 2011 and a suit was filed by the bank for delaying the repayment of the loan. In March 2013, the bank blocked his ATM card, without prior notice. The ATM card was then reactivated based on the Writ of Mandamus issued by the Madurai Bench of Madras High Court.

Arguing against the complaint, the bank said that it affected ‘Hold transaction’ in the account from February to July 2013, on the basis of the ‘bankers general lien’ against the persons who possessed sufficient funds in the account.


TAGS
DCDRF

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp