Legal Question in Banking Law in India

Demand Draft amount not deposit

I have deposited a demand Draft of Rs. 200000/- of Bank SBI to my bank two years ago but they didn't deposit amount till date and after my so many queries they sent me a notice two revalidate the DD and present again. Can somebody suggest me what legal action I can taken against my bank as well as payee bank and on what grounds.


Asked on 6/13/08, 12:47 pm

5 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Demand Draft amount not deposit

(1) File a complaint in RBI against your Bank.

(2) File a complaint in Consumer Forum.

(3) You may complain the Higher Authorities of the Bank.

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Answered on 6/16/08, 4:13 am
Amit Shukla AS and Associates Legal Services

Re: Demand Draft amount not deposit

You can file a complaint in Distt. Consumer Forum against tha bank.For more advice contact personally.

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Answered on 6/17/08, 8:40 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Demand Draft amount not deposit

You can complain to higher authorities of the Bank and To RBI and also file a complaint in the consumer forum.

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Answered on 6/15/08, 4:54 am
Manish Dhingra Legal

Re: Demand Draft amount not deposit

File consumer complaint in the district consumer redressal forum for deficiency of service against your bank and claim damages & interest at the market rate for 2 years.

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Answered on 6/13/08, 2:12 pm
Manish Dhingra Legal

Re: Demand Draft amount not deposit

If you feel like, you can also file a complaint against your bank with RBI.

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Answered on 6/13/08, 2:13 pm


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