BEFORE THE A.P STATE CONSUMER DISPUTES REDRESSAL COMMISSION ATHYDERABAD

F.A.No.602 OF 2009 AGAINST C.C.No.107 OF 2008 DISTRICT FORUM-II TIRUPATI

Between:

State Bank ofIndia
rep. by its Branch Manager,
Near APSRTC Bus Stand, Pakala
Chittoor District

A N D

T.Nagaraja S/o T.Gangula Chetty
aged 54 years,PolichettyvaripalleVillage
Damalacheruvu Post, Pakala Mandal
Chittoor District

                                                               Counsel for the Appellant            

Counsel for the Respondents

QUORUM:  

AND

SRI R.LAKSHMINARASIMHA RAO, HON’BLE MEMBER

WEDNESDAY THE SECOND DAY OF FEBRUARY

Oral Order (As per Sri R.Lakshminarasimha Rao, Hon’ble Member)

                                       1.    

2.    `14,400/- under Scheme No.3 in recurring deposit A/c No.59 on 1.8.1992 for a period of 15 years. `1,05,093/-.       `9,000/-.    

3.         

4.     `14,400/- on 1.8.1992 under recurring deposit account no.59.         

5.        `10,800/- from the opposite party on 4.11.1992 under A/c No.107 by executing relevant documents accepting the terms and conditions of the loan.`41,196/-. `.7,837/- as on 15.1.2005.   

6.     

7.    `1,05,093/- with interest and costs.

8.     

9.    `1,05,093/- with interest.

10.   `14,400/- on 1.8.1992 and the opposite party bank has issued recurring deposit A/c passbook which evidences the EWS Scheme period as 15 years and the maturity date of the deposit as 1.8.2008 and the amount on maturity is`1,05,093/-.   

11.   `9,000/- .   

12.     `10,800/- on 4.11.1992.     

13.   `41,196/- on 15.1.2005 from the term deposit amount of the complainant.  `41,196/- from the special term deposit amount, he is entitled to the balance amount of`7,837/- with accrued interest from 15.1.2005. 

14.   `7,827/- @ 9% per annum from 15.1.2005 to 6.12.2010 would`3,303/- totaling to`11,140/-.  

15.   India  

16.    `7,839/- with interest @ 9% from 15.1.2005 till payment besides a sum of`5,000/- towards compensation and costs as fixed by the District Forum Rs.1,500/-. The relief for`1,05,093/- awarded by the District Forum is thus reduced to`7,839/-.

16.   `1,05,093/- to`7,839/-. The opposite party directed to pay interest @ 9% per annum on`7,839/- from 15.1.2005 till payment and it shall also pay a sum of`5,000/- towards compensation and costs of`1,500/- to the complainant.  

                                                                                                                                                                                                                                                                                                                   KMK*