Complaint Details

Status	:	Closed
Complaint No	:	0027552/2014
Category	:	Banking
Date	:	06-06-2014
Subject Line	:	Less Interest on Fixed Deposit
Complainant	:	T P Selvam
Address	:	GEB Colony, Bidada, Tal. Mandvi, Kutch
Complainee	:	State Bank of India
Address	:	Race Course Road Branch, Bahumali Bhavan, Rajkot

Complaint Details
SBI S/B A/cNo 56292075090. I kept Rs. 1500000 on Fixed Deposit @ 9% with SBI on 10/4/2013. On surrendering/encashing my FDR on 16/5/2014, I was not given interest @ 9% on Rs. 15 lac and ultimately there was an interest loss of around Rs.50000. Bank official did not consider my request about less interest. Moreover, I submitted my FDR in the bank on 16/5/2014 but principal amount plus less interest amount was credited into my SB A/c on 31/5/2014. Why so much delay and what about interest from 17/5/2014 to 30/5/2014

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