Kerala Consumer Commission Orders SBI to Release Deceased Father's Fixed Deposit with Interest to Son

Oct 04, 2025 02:41 pm CST

The Ernakulam Consumer Commission has directed SBI to release a fixed deposit of Rs 39,000 with interest to the son of a deceased depositor, along with Rs 50,000 compensation after the bank initially refused the claim citing missing records due to a merger. The ruling affirms that consumers' rights to claim deposits don't lapse even after banks transfer unclaimed funds to the RBI.