68-year-old used only cheques, never activated ATM, yet Rs 1.59 lakh was withdrawn through AePS without his knowledge; consumer court tells SBI to refund with 9% interest

68-year-old used only cheques, never activated ATM, yet Rs 1.59 lakh was withdrawn through AePS without his knowledge; consumer court tells SBI to refund with 9% interest

(Ai image) A 68-year-old account holder was unjustly deprived of Rs 1,59,999 due to unauthorized transactions.RAJKOT: The District Consumer Disputes Redressal Commission, Rajkot, has ordered the State Bank of India (SBI) to refund Rs 1,59,999 to a 68-year-old account holder after the amount was withdrawn from his savings account through multiple unauthorised AePS transactions.

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Reported by timesofindia.indiatimes.com.

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