KERALA STATE CONSUMER DISPUTES REDRESSAL COMMISSION VAZHUTHACAUD THIRUVANANTHAPURAM APPEAL NO.564/09 JUDGMENT DATED 22.5.2010 PRESENT JUSTICE SHRI.K.R.UDAYABHANU -- PRESIDENT 1. Branch Postmaster, Edanad BO, Kumbla, Kasaragod. 2. Postmaster, -- APPELLANTS Kumbala PO, Kasaragod. (By R.P.Sandeep) Vs. Mrs.Gomathy.J.Kumar, Mullakal, Wd.VII/109-A -- RESPONDENT Narayana Mangalam, Kumbla, Kasaragod. JUDGMENT JUSTICE SHRI.K.R.UDAYABHANU,PRESIDENT The appellant is the opposite party/postal authorities in CC.61/09 in the file of CDRF, Kasaragod. The appellants are under orders to pay interest at the rate of 8% for the term deposit and also to pay Rs.5000/- as compensation and Rs.1000/-towards costs. 2. It is the case of the complainant that she is entitled for interest at 8% on the 5 year term deposit of Rs.1 lakh as the opposite parties provided only 7.5.% interest. 3. Opposite parties have contended that as per the Post Office Term Deposit Rules as amended from time to time the term deposits made on or after 1.1.03 interest will be payable at the rate of 7.5% per annum calculated quarterly compounding basis. 4. The evidence adduced consisted of Exts. A1, B1 to B5. 5. We find that the Forum has not considered the documents produced by the opposite parties but has just disposed of the matter observing that it is hard to believe that a term depositor would deposit a considerable amount without even knowing the exact rate of interest. Hence it is ordered to pay interest at 8% irrespective of the Rules prevailing. We find that the matter calls for reconsideration. The order of the Forum is set aside. The Forum is directed to examine the documents produced and issue a reasoned order. 6. The case stands posted before the Forum to 28.7.2010. Forum is directed to give notice to the complainant. The office is directed to forward the copy of this order to the Forum urgently. JUSTICE K.R.UDAYABHANU -- PRESIDENT | 
