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Issue with UCO Bank FD.late payment and denying payment interest.


05-May-2023 (In Banking / Finance Law)
I have a joint FD which is matured yet payment is delayed for over a decade now. A court case on the FD started the fude. The case is over and has been ruled in my favor. Now the bank agreed to pay the maturity amount but I want the interest of the whole period of almost 14years. Kindly suggest on how to proceed with the issue.
Answers (2)

Answer #1
882 votes
hello me goash hru.
hello mr goash as your issue i have seen in your qurey is good reason for which you have a long fight. but not the issue ur telling is very vital i agree in this matter also we have to move to the court itself.thts the only best possible way.
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Answer #2
560 votes
Hi,

Will have to peruse the order as to whether something about interest has been mentioned or not.

You shall send them a legal notice to grant you the interest or they shall be liable under the provisions of law.

Regards
Madhav Nanda
Advocate
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