Fixed Deposit

Kindly advise based on below email, can I get my FD money. Thanks Sub. : Your complaint against State Bank of India, Mandvi Branch, Vadodara Please refer to your email dated May 29, 2016 and subsequent reminder dated June 14, 2016 on the captioned subject. In this connection, we advise that your earlier complaint no. 3297/2015-16 was closed with expectation of tracing the Court Order pursuant to which the FOR in question was issued . in the name of late Shri Fakirchand K Shah in capacity as Official Receiver. As per the latest reply received from bank, the bank has not been able to trace the Court Order till date despite making all possible attempts. As regards your claim for money lying in FOR, we advise that FOR was issued in the name of late Shri Fairchand K. Shah in his capacity as the Official Receiver appointed by the court and, hence, he was merely a trustee of money and not the owner of money. His descendents, therefore, do not derive any right to money lying in FOR. The bank has also advised you in the matter vide their letter dated May 26, 2016. In view of the clarification submitted by bank, we have closed your complaint under Clause 13(a) of the Banking Ombudsman Scheme, 2006, against which no appeal facility is provided under the Scheme. However, you may approach any alternate forum of appropriate jurisdiction if so desired, for redressal of your grievances. This is issued as per the orders of the Banking Ombudsman.