Co-operative society fined for refusing to encash FD amount

  • | Sunday | 22nd September, 2019

She said she went to withdraw the amount from her account on November 11, 2006, but the society issued another fixed deposit of the same amount with account No. 5740 and a new passbook for the fixed deposit account after deducting Rs 1,000 illegally. She said her husband died on May 21, 2012, and after his death, she became the sole owner and beneficiary of the above said account and fixed deposit. And that the above said fixed deposit of complainant would be encashed as and when the amount is recovered from them. No receipt of payment of Rs 5,75,000 is annexed with the complaint which could show that the complainant deposited Rs 5,75,000 with the opposite party.

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