How to get the duplicate copy of lost FD.

Querist : Anonymous (Querist) 28 April 2011 This query is : Resolved
Dear sir/madam,
FD is taken from SBI bank which original certificate is lost.The FD certificate's Number is known to us . Still the "Bank Officer said that one guarenter is required which is having the FD of same Amt. in that bank.The officer said after giving the mordgage of same Amt of FD certificate your duplicate FD certificate will be handed over to you.
I want to know is there any circular or law of mordgaging to get duplicate certificate ?
Regards
Jyotiprava Sahoo.

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Advocate. Arunagiri (Expert) 28 April 2011
You give a letter to the SBI demanding for the duplicate copy of the FD. On receiving a reply please come back to us.

Guest (Expert) 29 April 2011
Just lodge an FIR with the police for missing FD and attach an attested copy with the application for issue of duplicate FD. It is highly illegal, if the bank demands for mortgaging of other depositors FD.

If still it does not issue duplicate FD, lodge a complaint with the Banking Ombudsman.

A V Vishal (Expert) 29 April 2011
An application from the depositor is to be given.
Applicants must be properly identified.
Duplicate receipt may be issued only in cases, where - the un-expired period of deposit exceeds -12- months or the depositor requires a loan against the receipt.
In all other cases, only a letter of acknowledgement of deposit is given to the depositor.
An indemnity bond is to be obtained in the prescribed form in all cases.
One or two surety/ies considered good for the amount involved, must execute the indemnity along with the depositor/s.
Sureties may be waived in the following circumstances.
If the deposit is renewed for a further period of atleast -12- months or Where the depositors maintain other well conducted accounts.

M/s. Y-not legal services (Expert) 30 April 2011
just you may approach your banker.

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