Wednesday, 30 September 2026Updated 12m ago
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Consumer commission orders compensation after father faced delay accessing deceased family’s bank funds

2 sources · first seen 12:30 30 Sept · updated 20:07 30 Sept

The brief

Written from 2 reports · check the source before you trade
  • The mother had ₹62,541 in savings; her son was the registered nominee, and both died
  • Reports differ on the compensation ordered: ₹15,000 in one account and ₹10,000 in another
  • The ruling highlights customer-service risk for Indian banks

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Read the reports

2 reports · earliest 12:30
Economic TimesMother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensation12:30Times of IndiaMother and nominee son died; bank delayed funds to father, ordered to pay Rs 15,00020:07