# Kerala HC orders bank to pay Rs 5 lakh with 12% interest for delayed FD 2026-08-14T14:26:39+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Livemint reports that the Kerala High Court has upheld a consumer commission order directing a bank to repay Rs 5 lakh with 12% interest and Rs 10,000 compensation for delaying a matured fixed deposit. The depositor, Sethumadhavan from Thrissur, had invested in the FD in 2015 and the bank refused repayment citing technical reasons. The court rejected the bank's argument that it was a co-operative society outside consumer forum jurisdiction, stating that the Consumer Protection Act provides an additional remedy. Depositors facing similar delays can approach the RBI Ombudsman or consumer forums, but interest on overdue deposits is normally at the savings rate, not 12%. ## Coverage - livemint.com Tags: Banking Ombudsman, Consumer Protection Act, fixed deposit, Kerala High Court, RBI Canonical: https://indianopinion.org/kerala-hc-orders-bank-to-pay-rs-5-lakh-with-12-interest-for-delayed-fd/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/kerala-hc-orders-bank-to-pay-rs-5-lakh-with-12-interest-for-delayed-fd/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.