The Kerala High Court recently ruled that banks handling public money have a responsibility towards their depositors to ensure timely payment of their funds. This judgement stemmed from a case filed by a man from Thrissur, who complained that his Rs 5 lakh fixed deposit (FD) which matured in 2015, was not repaid by the bank due to some technical issues.
This grievance led him to file a case in the consumer commission and eventually to pursue the matter in court against the bank. On June 2, 2026, a larger bench of the Kerala High Court ruled in his favour and ordered the bank to repay the FD with 12% interest and Rs 10,000 compensation. The court also agreed to the bank's lawyer's request for a six-month extension to make the repayment.
