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My neighbor (a very old working woman) had a PPF A/c in SBI,
on 31st of March 2010 it completed its 15 year term and
hence the same was eligible for withdrawl, she duly filled
up the redemption form and asked the bank to redeem the
amount. On 14th of April 2010, the bank issued a pay order
but deducted bank charges (as the savings account is with
another bank), SBI has nearly deducted bank charges of about
25000/- from her. My neighbor didnt have a bank account in
SBI, her account is in IDBI and SBI has deducted the charges
for preparing a pay order. Here no service is being rendered
but rather its bank obligation to make the payment, Pls
help. It would be good if we can help her!!
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My neighbor (a very old working woman) had a PPF A/c in SBI, on 31st of March 2010 it completed its 15 year term and hence the same was eligible for withdrawl, she duly filled up the redemption form and asked the bank to redeem the amount. On 14th of April 2010, the bank issued a pay order but deducted bank charges (as the savings account is with another bank), SBI has nearly deducted bank charges of about 25000/- from her. My neighbor didnt have a bank account in SBI, her account is in IDBI and SBI has deducted the charges for preparing a pay order. Here no service is being rendered but rather its bank obligation to make the payment, Pls help. It would be good if we can help her!!
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