Stolen cheques encashed: District Consumer Disputes Redressal Commission directed this Bank to refund ₹5.5 lakh

 


The District Consumer Disputes Redressal Commission has directed Axis Bank to refund 
Rs.5.5 lakh, fraudulently withdrawn from a man’s bank account through stolen cheques.


The complainant, Shiv Parshad, of Gulmohar Colony in Kharar, had submitted that his landlord’s son stole eight leaves of his chequebook and withdrew Rs.5.5 lakh from his salary account in Axis Bank, Phase 7 on various dates in August and September 2018.


Parshad, who works as a gardener for PUDA, Phase 8, alleged that the bank did not verify the signatures on the cheques or take any precautions while disbursing the claimed amount.


Disposing of the complaint, commission president Sanjiv Dutt Sharma directed the bank to refund Rs.5.5 lakh to the complainant, along with interest at 9% per annum from the dates of withdrawal till actual payment. Besides, the bank was directed to pay Rs.1 lakh as compensation to the complainant for carelessness, lack of duty and negligence on their part.

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