Bank to pay Rs 44k fine for debiting money from customer’s account without permission

Udupi: The consumer court has imposed Rs 44,397 fine on Bank of Baroda’s Manipal branch for transferring the loan amount from the customer’s current account without permission.

As per sources, the bank, without the permission of their customer, Asha Shenoy, debited the amount from her current account and transferred it to the loan account.

As the result, a cheque bounced which she had issued in some other loan issue. Following the incident, Asha had filed a suit in the consumer court.

The court while hearing the case filed by Asha Shenoy ordered the bank to pay a fine for transferring the money from the customer’s current account without the permission of the customer.