Wednesday, October 21, 2009

SBI ATM failed to dispense cash, paid compensation to a customer

The State Bank of India was directed by the District Consumers’s Forum to pay Rs 3,000 as compensation to a customer as an automated teller machine (ATM) of the bank could not provide him cash.

Forum President Iqbal Ahmad said, "The compensation must be provided to Mr Rajesh Kapale in a month".

Kapale resident of Noniya Kardal has an account at the local SBI branch. On February 10, 2009 tried to withdraw Rs 15,000 from the ATM but machine dispensed a slip mentioning that the transaction could not be processed. Kapale had adequate funds in his account.

He wrote a letter to SBI officials but did not obtain any response.

The Bank agreed that on February 10 the ATM was non-functional for some hours and Mumbai was alerted about this.

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