Query
Dhanesh
(Querist) 24 October 2009
This query is : Resolved
Dear Experts
I am being cheated by two companies. one is my own bank and other is that company with which i have my demat account.
I issue a cheque to India Infoline Ltd. (IIL) of Rs.5000/- to give credit to my Demat account on 09/07/2009 from my saving account in Axis Bank. The said cheque was passed from my SB account on 11/07/2009 and the amount was debited. But IIL people are saying that they not received the credit.
Now what should i do?
Dhanesh
PJANARDHANA REDDY
(Expert) 24 October 2009
WRITE A LETTER/APPROACH WITH STATEMENT OF AXIS, STILL NOT ACCEPTED GO TO SEBI
Sachin Bhatia
(Expert) 24 October 2009
The said cheque was passed from your SB account and the amount was debited but the other co. has not received the credit yet. You may file a complaint in the consumer court for deficiency is service by the bank.
Raj Kumar Makkad
(Expert) 24 October 2009
Consumer disputes take a long time in disposal. In our area, at least 4/5 years time is generally wasted till getting the decision and I think you shall not be in a position to tolerate such long litigation just for Rs. 5,000/-. It is better to make representation to the bank authorities and personally go to bank and trace out physically with the bank officials in which account they have credited wrongly. It is very easy way to settle your grievance. Bear in mind, bank or company have no ill will against you just for a petty amount.
