NCDRC

NCDRC

RP/36/2010

SRI GAYADHAR JENA - Complainant(s)

Versus

DISTRICT CO-OPERATIVE CENTRAL BANK LTD. & ANR. - Opp.Party(s)

IN PERSON

19 Mar 2010

ORDER

Date of Filing: 30 Dec 2009

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSIONNEW DELHIREVISION PETITION NO. No. RP/36/2010
(Against the Order dated 27/11/2009 in Appeal No. 851/2009 of the State Commission Orissa)
1. SRI GAYADHAR JENAAt/PO- LalambaBargarh - 768102 ...........Appellant(s)

Vs.
1. DISTRICT CO-OPERATIVE CENTRAL BANK LTD. & ANR.Godbhaga Branch, Sambalpur District Co-Operative Central Bank Ltd., At/PO- GodbhagaBargarh2. SECRETARY, SAMBALPUR CO-OPERATIVE CENTRAL BANK LTD.At/PO/Town/Dist- BargarhBargarh ...........Respondent(s)

BEFORE:
HON'BLE MR. JUSTICE B.N.P. SINGH ,PRESIDING MEMBER
For the Appellant :NEMO
For the Respondent :NEMO

Dated : 19 Mar 2010
ORDER

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          No one appears for petitioner even on second call, even though registered notice was issued to petitioner for more than a month back. Revision petition as such merits dismissal for non-prosecution, however, I have gone into merits of case also.

          Factual backgrounds are that petitioner made deposit of Rs.10,000/- in a scheme with respondent- Bank on 13.04.99 for a period of ten years which carried interest @ 13% p.a. on deposit on maturity on 13.04.2009 after petitioner approached Bank he got maturity value of Rs.23,000/- on 24.4.2009. However, consumer complaint was filed by petitioner alleging that he had made deposit with Bank in the scheme on assurance of Bank that maturity value of deposit would be Rs.35,942/-. Claim was resisted by respondent-Bank. However, District Forum on evaluation of pleadings of the parties, directed Bank to pay residual amount of Rs.12,942/-. Compensation of Rs.2,000/-was also awarded. Aforesaid finding of District Forum was, however, reversed by State Commission in appeal holding that in Banks different deposit schemes carry different rate of interest payable to customer and compound interest is paid only in case of cash deposit. No fault can be found with Bank simply on bald submission of petitioner that Bank had assured otherwise and had not rendered proper service to petitioner. I find no infirmity with the finding of State Commission even on merit. Revision petition is resultantly dismissed. However no order as to costs.



......................JB.N.P. SINGHPRESIDING MEMBER