https://www.taxtmi.com/caselaws?id=398429 A depositor who does not seek renewal of a matured fixed deposit is entitled only to the savings bank rate or other applicable overdue-deposit interest under the governing banking policy and RBI circular, from maturity until payment. A later claim for interest at the original fixed-deposit rate for the post-maturity period was rejected where the matured amount had not been renewed and the applicable overdue interest had already been paid. The text also notes that internal trustee disputes and the absence of an earlier claim for higher interest supported the refusal of further monetary relief. en-us Tue, 18 Aug 2020 00:00:00 +0530 Wed, 16 Sep 2020 11:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398429 A depositor who does not seek renewal of a matured fixed deposit is entitled only to the savings bank rate or other applicable overdue-deposit interest under the governing banking policy and RBI circular, from maturity until payment. A later claim for interest at the original fixed-deposit rate for the post-maturity period was rejected where the matured amount had not been renewed and the applicable overdue interest had already been paid. The text also notes that internal trustee disputes and the absence of an earlier claim for higher interest supported the refusal of further monetary relief. Case-Laws Indian Laws Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398429