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Story summary
- Hyderabad Consumer Disputes Redressal Commission ordered SBI to pay the retired scientist Rs 15.35 lakh.
- Ashwani Kumar Sangamker invested Rs 15 lakh in the Senior Citizens Savings Scheme December 13 2018, maturing December 12 2023.
- SBI failed to inform the depositor of maturity or extend within one year.
- The commission ordered SBI to pay the deposit with 8.5 percent interest to December 12 2023 and thereafter at savings-deposit rate.
- The commission also directed Rs 25,000 compensation and Rs 10,000 litigation costs.
