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IDFC bank ordered to compensate man Rs 1 lakh for unauthorised EMI deduction
Updated On: 20 May, 2024 07:29 PM IST | Navi Mumbai | mid-day online correspondent
The Navi Mumbai man realised in February 2020 that the bank had deducted EMI from his account at the Panvel branch for a loan he did not take.
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A consumer commission in Mumbai has ordered IDFC Bank to pay Rs 1 lakh in compensation to a Navi Mumbai man for deducting EMI on a loan he never took out.
The District Consumer Disputes Redressal Commission (Mumbai Suburban) found IDFC Bank guilty of defective service and directed the bank to return the withheld EMI amount of Rs 5,676 plus interest, reported PTI.
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