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Couple Gets Rs 20k After RBI Orders Them To Deny Rs. 187 In Interest On Their FD

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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 Housing Societies Step Up Water Conservation as Morbe Dam Storage Falls

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With Morbe Dam’s water stock at 73.9%, housing societies are adopting practical measures to reduce wastage and protect the city’s drinking water supply.

The Conservation

With water storage at Morbe Dam falling to 73.9%, housing societies across Navi Mumbai are stepping up conservation efforts to prevent unnecessary wastage and prepare for the coming months.

Several societies have introduced simple measures to reduce their dependence on the municipal water supply. These include using borewell water for non-drinking purposes, preventing tank overflows and encouraging residents to use water responsibly.

In Nerul, Bhimashankar Society has dug three borewells to provide water for activities such as vehicle washing and gardening. The society has 763 flats and 948 vehicles, making water conservation an important priority. In Belapur, Parsik Green Association is discouraging residents from washing cars with municipal drinking water. It is also monitoring storage tanks to prevent overflow and supports using treated wastewater for maintaining gardens.

Similarly, Samata Society in Sanpada has urged residents to be mindful of their daily water consumption, particularly while watering plants and using washing machines. The Navi Mumbai Municipal Corporation (NMMC) has also warned against using drinking water for vehicle washing and construction activities. Violators may face penalties and other action, including disconnection of the water supply.

The civic body has appealed to residents to repair leaking taps and pipelines, prevent water tanks from overflowing and avoid unnecessary consumption. As Morbe Dam remains the city’s main source of drinking water, the cooperation of housing societies and residents will be crucial in ensuring that available water is used wisely and the city’s supply remains secure.

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Navi Mumbai Police Arrest Two More Suspects in Rs 3.57 Crore Taloja Drug Case

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The latest arrests from Diva-Mumbra have helped investigators trace alleged drug supply links as police continue to probe the network and its financial transactions.

The Case

Navi Mumbai Police have arrested two more suspects in connection with a drug seizure worth Rs 3.57 crore in Taloja, taking the total number of arrests in the case to three.

The Anti-Narcotics Cell arrested Destiny Akachukwu Ugochukwu, 34, a Nigerian national, and Poonam Basnet, 30, from the Diva-Mumbra area on October 14. Police suspect that the two were linked to the supply network behind the seized drugs.

The investigation began on October 8, when officers arrested Ani Ikechukwu Darlington, 41, in Taloja. Police allegedly recovered 2.497 kg of mephedrone, commonly known as MD, and 566 grams of cocaine from his possession and residence. The seized drugs were valued at Rs 3.57 crore. Further questioning and investigation reportedly helped police trace the alleged supply links to the two newly arrested suspects.

Investigators are also examining financial transactions connected to the case. Police suspect that QR codes linked to a bank account may have been used to collect payments for drug deals. The two accused have been remanded to police custody for further questioning. Police are now working to identify the source of the drugs, their intended recipients and others who may have been involved in the alleged network. The investigation is ongoing, and officials are examining financial records and other evidence to establish the full extent of the suspected drug operation.

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APMC Removes Six-Month Deadline for Farmers’ Complaints

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The decision aims to help farmers recover pending payments from traders, while a move towards digital transactions seeks to improve transparency in the market.

The Relief

In a major relief for farmers, the Mumbai Agricultural Produce Market Committee (APMC) has removed the six-month deadline for filing complaints against traders over unpaid dues and other irregularities. The decision was taken at an executive board meeting on October 15, chaired by Maharashtra Marketing Minister and APMC Chairman Jaykumar Rawal.

Earlier, farmers had to file complaints within six months if traders failed to pay them for their produce or if they faced issues related to weighing. Those who missed the deadline often found it difficult to recover their money. With the new decision, farmers will be able to approach the market committee even after six months, giving them another opportunity to seek justice and recover long-pending payments.

The minister emphasised that recovering farmers’ outstanding dues would remain a priority. Officials will also examine questionable transactions and transfers carried out without the required approvals. In another step towards improving transparency, the APMC has directed officials to begin digitizing market transactions within seven days. Banks, including HDFC and ICICI, are being approached to suggest suitable digital systems.

The proposed digital system is expected to make transactions easier to monitor and help reduce irregularities in the market. The removal of the deadline is expected to benefit farmers who have struggled to recover their payments. However, the effectiveness of the move will ultimately depend on how quickly complaints are addressed and outstanding dues are recovered.

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