Summary:
At the end of 12 months the bank credited interest amount of Rs 5,240 in his recurring deposit account.Later, in December 2012 Desai had closed the recurring deposit account and asked the bank to transfer the amount to his savings bank account. The bank started debiting the money in April 2011 till March 2012. The court while passing its final order stated that it learnt through newspapers about the passing away of Desai.“In the larger interest of justice the case is disposed since the heirs of the complainant have also not come forward,” the court observed. Since the recurring deposit account is not renewed automatically like fixes deposit account, Desai did not receive any interest for the period between March and December 2012.He moved the consumer court claiming that he was under the impression that his recurring bank deposit too would be renewed like fixed deposit account and he will get the benefit for the period from March to December 2012. Vadodara: A consumer court here recently closed a case filed by activist Praful Desai against Bank of Baroda (BoB) following his death in September.Desai, a PIL crusader who had also formed Jaagte Raho Party in November 2011, had filed a case against (BoB), its deputy general manager and Banking Ombudsman of Reserve Bank of India in November 2014 over dispute of interest in recurring account.Desai, who lived in Raopura, had opened recurring deposit account with Dandiya Bazaar branch of the bank with instructions to debit Rs 7,500 every month from his savings bank account for a period of 12 months..