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Business
Bihar Consumer Commission Orders SBI to Release Heir's Deposits
✍️ Indian Masterminds
🗓 15 Nov 2026, 10:06 AM
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The Bihar State Consumer Commission has directed the State Bank of India (SBI) to release seven fixed deposits worth Rs 7.52 lakh to the legal heir of a deceased account holder.
The Bihar State Consumer Commission has ruled in favor of the legal heir of a deceased account holder, ordering the State Bank of India (SBI) to release seven fixed deposits totaling Rs 7.52 lakh. The commission's decision comes after a complaint filed by the heir, who claimed that the bank had wrongfully withheld the deposits. The SBI is now required to release the funds to the rightful owner as per the commission's order.