Monday, June 14, 2010

Bank told to pay back money transferred to wrong account

Ahmedabad: In a recent order given by a consumer disputes redressal forum, ICICI Bank has been asked to pay Gulam Moiudin Masqati, a sum of Rs 47,000 with nine per cent interest from September 27, 2007.

Masqati, a trader from Kalupur, used to live in Surat and held an account with the bank. In September 2007, Masqati found that a sum of Rs 47,000 had been withdrawn from his account from Athwa Lines branch of the bank in Surat. When he brought this to the bank’s notice, he was told that the sum had been transferred to SK Sharma’s house rent account.
Masqati gave an application to the bank officials regarding the same but did not get any response. Under the guidance of Ahmedabad-based Consumer Protection and Action Committee (CPAC), he moved the consumer disputes redressal forum, Surat district, against the bank branch. President of consumer disputes redressal forum, Surat district, DC Shah and its member Geeta Shroff, found the bank branch guilty and has asked the branch to return the Rs 47,000 to Masqati. TNN

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