Fixed Deposit misplaced by Govt Department/Hospital
07-May-2023 (In Banking / Finance Law)
What is the right procedure if the govt department is not refunding my Earnest Money Deposit ( in the form of FD submitted for a tender enquiry )
Secondly can I get any help from the bank also ?
Hi Sir, the answer to your query will depend on the clause of earnest money deposit as provided in the tender, the forfeiture clause or any other correspondence from their side. Depending upon the said terms it can be seen as to how can we claim the refund of our earnest deposit.
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