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Allahabad High Court Orders SBI Refund Rs 19.90 Lakh

By Drooid · Sep 18, 2026, 5:08 PM UTC · How we work

Summary

Story summary

The Allahabad High Court ordered State Bank of India to refund Rs 19.90 lakh to widow Neha Mishra.
The court also directed SBI to pay Rs 1 lakh as exemplary and punitive compensation.
SBI froze Mishra’s salary account on 12 Sept 2025 and issued a legal notice for Rs 13.87 lakh on 23 Sept 2025.
The RBI Ombudsman lifted the freeze, after which SBI encashed Mishra’s 2025 fixed deposit and debited Rs 19.90 lakh.

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Story summary

The Allahabad High Court ordered State Bank of India to refund Rs 19.90 lakh to widow Neha Mishra.
The court also directed SBI to pay Rs 1 lakh as exemplary and punitive compensation.
SBI froze Mishra’s salary account on 12 Sept 2025 and issued a legal notice for Rs 13.87 lakh on 23 Sept 2025.
The RBI Ombudsman lifted the freeze, after which SBI encashed Mishra’s 2025 fixed deposit and debited Rs 19.90 lakh.