Bank to pay 13K for trouble in issue of duplicate passbook

By | March 21, 2011

A consumer forum held Bank of India, guilty of improper service after it issued two duplicate passbooks to the estranged wife of a client without the client’s knowledge and charged him for it. The South Mumbai District Consumer Disputes Redressal Forum ordered the bank to pay Mr. Amar Shukla Rs 13,000 for mental agony and costs of lawsuit. It said the bank was guilty of revealing information without the account holder’s knowledge.

Shukla, from Andheri (E), had two accounts with the bank. The passbook entries showed that on April 5, 2008, Rs 55 was debited from his account to issue the duplicate passbooks. He was however unaware of this amount being debited from the account until June 6, 2008.

His wife claimed that she did not apply for any passbook but received it. On verification of the applications for the duplicate passbooks, when it was found that the form had four different signatures on it, of which none of them matched to client’s signature. Bank claims to have issued the duplicate passbook based on an ‘authorized letter’ presented. Shukla sent a legal notice to the bank and also lodged a police complaint in April, 2009. This could bring a bad influence in the other services of the bank like the Interbank Fund Transfer, ATMs, loans like Home loan, Personal loan etc.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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