SBI froze salary acc over loan, HC orders Rs 20L
A widow's fixed deposit was seized by the State Bank of India (SBI) to settle her late husband's personal loan, despite the widow having no connection to the loan. The Allahabad High Court has now directed SBI to return Rs 19,90,693 with interest and pay an additional Rs 1 lakh in compensation. The Lucknow bench of the High Court also examined the method used by SBI to recover the funds. The court emphasized that SBI lacked legal justification to directly debit the widow's account for her husband's obligations.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
