https://www.taxtmi.com/caselaws?id=313592 Postal authorities were not liable for deficiency in service where deposits were accepted in contravention of the savings rules. The scheme under Section 15 of the Government Savings Banks Act, 1873, and Rule 17 of the Post Office Savings Bank General Rules, 1981, allowed closure of an improperly opened account and refund of the deposit without interest. Rule 16 applied only to incorrect opening under the wrong category where conversion could be considered if eligibility existed. As the deposits were made after institutional investment had been discontinued, refusal to pay interest complied with the governing rules and did not amount to deficiency in service under the Consumer Protection Act, 1986. en-us Wed, 13 Jul 2011 00:00:00 +0530 Tue, 23 Apr 2024 12:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313592 Postal authorities were not liable for deficiency in service where deposits were accepted in contravention of the savings rules. The scheme under Section 15 of the Government Savings Banks Act, 1873, and Rule 17 of the Post Office Savings Bank General Rules, 1981, allowed closure of an improperly opened account and refund of the deposit without interest. Rule 16 applied only to incorrect opening under the wrong category where conversion could be considered if eligibility existed. As the deposits were made after institutional investment had been discontinued, refusal to pay interest complied with the governing rules and did not amount to deficiency in service under the Consumer Protection Act, 1986. Case-Laws Indian Laws Wed, 13 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313592