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Couple Gets Rs 20k After RBI Orders Them To Deny Rs. 187 In Interest On Their FD
An elderly local couple was awarded Rs 20,000 in compensation by the Bandhan Bank branch in Vashi after the branch declined to credit them with interest on a fixed deposit they had opened. Following a persistent follow-up by the couple and their son with the bank, they eventually approached the Reserve Bank of India (RBI), which issued an order in the couple’s favour.
The pair, identified as Kopar Khairane residents Rama Gupta, 64, and her husband Deepak Gupta, have accounts with the Bandhan Bank, which is situated in Vashi. The elderly couple’s son, Anuj Kumar Gupta, filed a complaint, which resulted to the RBI issuing its ruling. Anuj informed Midday that although his parents had used Internet banking to register an FD account with the Bandhan Bank’s Vashi branch on January 15 of this year, the bank had instead provided a receipt for January 16. Banks are required by RBI regulations to pay interest starting on the day the FD is issued.
Anuj stated, “We asked the bank to fix the problem several times.” He continued by saying that they officially complained to the bank on January 24 after waiting days for a response. Anuj claimed that in the bank’s response, it was mentioned that the pair was not eligible for interest for that specific day because the FD process began at 11.12 pm, and the bank’s internal policies stipulate that transactions must conclude by 11.10 pm. “If you are not satisfied with the resolution, you may approach the office of the Banking Ombudsman at RBI,” the statement continued. Following the instructions, the family went to the RBI office to file a dispute.
The RBI took notice of the situation, examined all the paperwork and the complaint with the relevant Bandhan Bank officials, and then ordered that the elderly couple be compensated for mental harassment with Rs 20,000 (Rs 10,000 each) as well as the missing interest of Rs 187, which was credited on March 15, 2024. The credit for this amount was made on September 19, 2024. Branch manager of Bandhan Bank Rikhab Chopra confirmed the occurrence by saying, “There was a timing error in the system for End of Day (EOD).” This led to the creation of the problem, which has since been fixed, and the interest has been credited to the couple’s account.”
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Navi Mumbai Cancels Invitations to Newly Elected Corporators for Republic Day Ceremonies
School principals to hoist the national flag following administrative delays.
The Flag Hoisting
The Navi Mumbai Municipal Corporation (NMMC) has cancelled invitations extended to newly elected corporators for Republic Day flag-hoisting ceremonies in civic schools this year, citing administrative and procedural delays.
Although the municipal elections have concluded, the first general body meeting of the newly elected corporators is yet to take place. In view of this, the NMMC education department has issued revised instructions for the January 26 celebrations across all municipal schools. As per the new directive, school principals will themselves conduct the flag-hoisting ceremonies, and corporators will not be invited to preside over the events.
Officials clarified that any earlier circulars or communications instructing schools to invite corporators should be treated as cancelled. In cases where invitation letters have already been sent, school principals have been directed to inform the concerned corporators about the revised decision and explain the administrative reasons behind the change.
The move has been described as a temporary arrangement until formal procedures related to the newly elected body are completed. The education department has emphasized that the decision is purely administrative and not political in nature.
Despite the change, the NMMC has instructed all schools to ensure that Republic Day celebrations are conducted with full enthusiasm, discipline and respect for national values. Principals have been asked to strictly adhere to the guidelines and ensure smooth conduct of the programme.
The decision has drawn attention as it comes soon after the municipal elections, highlighting the impact of procedural delays on official civic events.
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1111-Feet Tricolor Yatra Fills Navi Mumbai with Patriotic Zeal
ABVP initiative sees thousands of students participate spontaneously ahead of Republic Day.
The Initiative
Patriotic fervour gripped Navi Mumbai as the Akhil Bharatiya Vidyarthi Parishad (ABVP) organised a massive 1,111-feet-long Tricolor Yatra, witnessing spontaneous participation from thousands of students and citizens on the eve of Republic Day.
The yatra was held as part of Youth Week celebrations and to mark the birth anniversary of Netaji Subhas Chandra Bose, with the objective of inspiring nationalism, unity and social responsibility among the youth. Students marched proudly while holding the enormous national flag, raising slogans such as “Bharat Mata Ki Jai,” “Vande Mataram” and “Jai Hind,” creating an atmosphere charged with patriotic emotion.
The rally began at Blue Diamond Chowk, Vashi, and culminated at Rajiv Gandhi College of Arts, Commerce and Science, Sector 10A, where a short programme was organised. Speakers highlighted the role of students in nation-building and appealed to the youth to actively contribute to society beyond academics.
Prominent attendees included ABVP state minister Rahul Rajoria, sports coordinator Arpita Malik, and college principal Dr Basukinath Pandey, who praised the enthusiasm and discipline shown by the participants. They urged students to uphold constitutional values and remain socially responsible citizens.
The event’s smooth execution was attributed to the efforts of Dr Akshay Shet and more than 100 volunteers. Participants and local residents said the Tricolor Yatra strengthened the sense of unity and national pride, making it a memorable and inspiring pre-Republic Day event for Navi Mumbai.
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Garbage Piles Become Major Issue Ahead of Uran Elections
With the Uran civic elections approaching, local residents and political observers are raising serious concerns about the persistent garbage problem across the area. Overflowing waste on main roads and traffic lanes has emerged as a key issue in the election campaign, with voters expressing frustration over poor civic management.
Several key thoroughfares in Uran, especially around busy intersections and residential localities, have been seen strewn with garbage that has not been collected for days. Piles of waste are causing traffic disruptions, foul odour and unhygienic conditions, prompting complaints from commuters, shopkeepers and local residents.
Civic activists and opposition leaders have criticised the local administration for its failure to ensure regular garbage collection and proper waste disposal. They say that poor sanitation has not only affected the appearance of the town but also posed health risks, especially during peak summer months.
Residents pointed out that despite repeated assurances from officials, garbage is frequently left uncollected in several areas, leading to water logging and breeding of insects. Many voters have highlighted this issue as a priority concern affecting their daily lives and have demanded immediate action from authorities.
Political parties contesting the Uran elections have responded by promising stricter monitoring of waste collection, improvement in street cleaning, and deployment of more resources for solid waste management.
As election day approaches, garbage disposal and civic cleanliness have become central themes in public discussions, reflecting growing citizen demand for improved basic services and accountable governance.
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