This is a discussion on No interest given on a FD for 14 months within the Fixed Deposit forums, part of the Banking category; Sir, I made 2 FDs each Rs. 40000 in Nov 2008, in Punjab & Sindh Bank, Bilaspur, Rampur, UP - ...
Sir,
I made 2 FDs each Rs. 40000 in Nov 2008, in Punjab & Sindh Bank, Bilaspur, Rampur, UP - 244921.
The duration was 1 year, means maturity date was Nov 2009.
As per all the bank rules in India, all the FDs will get renewed automatically, until not get dissolved by the holder.
Today, when I dissolve them, I get the interest only for first one year (Nov 2008 to Nov 2009).
Now, I want the interest for the complete duration, till today (18/1/2011), The interest rates should be as per bank rules. I dont have any problem with them. It changes bank to bank.
Currently, I am loosing more than 10000 rupees.
Kindly take the required action on my complaint.
Regards
Pradeep Kumar Agarwal
09837384516