Regarding SBI TDR

Gopal Krishna Tripathi (Querist) 16 March 2010 This query is : Resolved
my grand father invested Rs.20,000 and 4,000 in SBI TDR in 1975 when he alive. He take interest in cash till he live dt.04.07.1979. He also done a registered will in favour of my father. we don't know about TDR till March, 09. In March when my father claim for the amount then SBI give us simple interest. Is it legal ? If not then Plz help me.

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R.R. KRISHNAA (Expert) 16 March 2010
It was your fault that you did not make the claim since 1979. In such circumstances the bank is right in giving only simple interest.

Raj Kumar Makkad (Expert) 16 March 2010
I do agree with krishanaa

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