Bank deducted my balance falsely

5 years ago

Sir my bank has deducted money falsly from account, telling that they got an technical defect with their software, but for them my 3 bajaj fin cheques has been ECS bounced,and I have been fined by bajaj and my cibil also affected.my reputation also affected.so I want a compensation by law.so how is the process and what's the law and amount of compensation.

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Mohd Imran

Responded 5 years ago

A.You must issue a legal notice through a lawyer to the concerned branch and to its head branch stating all the facts and circumstances in details asking them to pay you damages and compensation. If they does not pay heed than file a comsumer complaint before the consumer forum. Hire a good lawyer

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Rajeev RJ

Responded 5 years ago

A.Issue a legal. notice to bank and its chairman, If no action is taken by the bank you can approach banking ombudsman.

Regards

Rajeev
RJ Associates
Trivandrum

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Shuvendu Mallick

Replied 5 years ago

Thanks sir for consulting.
Sir can you tell me how to calculate the compensation. My IT rtn is 310000.so what ll be the amount I claim

Rajeev RJ

Replied 5 years ago

You can claim all the damages, interest and an amount for your spoiling your reputation due to deficiency of bank in providing their services.

Regards

rajeev
RJ Associates
Trivandrum

Shuvendu Mallick

Replied 5 years ago

Sir someone told me that I can claim 20 times of my IT rtn as compensation.
Is it correct..
.

Rajeev RJ

Replied 5 years ago

No it is not correct. As per Indian law you can claim actual damage suffered along with damages for mental suffering caused to you for the deficiency in service.

Regards

Rajeev

Vimlesh Prasad Mishra

Responded 5 years ago

A.As a consumer you can complaint in consumer forum against the bank and claim for the compensation for mental agony due to check bounce and legal charges

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Shuvendu Mallick

Replied 5 years ago

Sir can you tell me how to calculate the compensation.
My IT rtn is 310000.so what ll be the amount I claim

Shuvendu Mallick

Replied 5 years ago

Sir thanks for the consultation.

Vimlesh Prasad Mishra

Replied 5 years ago

There is no yardstick for this you can claim 50, 000 as compensation how ever courts allow only up to 10000 and some amount as legal expenses.

Shuvendu Mallick

Replied 5 years ago

Sir someone told me that I can claim 20 times of my IT rtn as compensation.
Is it correct..
.

Ambrose Leo

Responded 5 years ago

A.You can take up the issue with a Legal notice and follow it up with bank ombudsman for quick relief and also consumer forum and civil & criminal relief under the various provisions of the Act.

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Ramalingaiah Mulakatte

Responded 5 years ago

A.Issue notice to bank for deficiency in service and demand compensation and damages. File consumer complaint against bank.

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Abhimanyu Shandilya

Responded 5 years ago

View All Answers

A.You have a solid case against the bank. Hire a lawyer to send them a legal notice first then file a consumer case in the consumer court.
Also send a complaint letter to the Banking Ombudsman which will help your case a lot.

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Shuvendu Mallick

Replied 5 years ago

Sir thanks for the reply.
Sir even I have collected a bank pad written letter from corporation bank manager that for my cheque bounce their system is responsible.
So may I know how the compensation is calculated.

Abhimanyu Shandilya

Replied 5 years ago

It is difficult to state here. You can ask for any amount when you file a case. It depends on court to decide how much they have to pay.

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