Mohali: SBI fined for cheque dishonour despite availability of funds
The District Consumer Disputes Redressal Commission has directed State Bank of India (SBI) to pay ₹10,000 as compensation to a senior citizen after the bank dishonoured his cheque citing “insufficient funds” despite more than ₹1.48 lakh being available in his account. Defendants failed to appear before the panel, resulting in an ex parte judgment. (HT File) The order came on a complaint filed by Nareshjit Singh Anand, a resident of Sector 68, Mohali. According to the complaint, Anand issued a cheque in November 2025 in favour of the Mohali Employees Co-operative House Building Society towards payment of dues. However, SBI returned the cheque with the remark “insufficient funds” and also deducted a penalty of ₹590 from his account. Anand told the commission that he had a balance of over ₹1.48 lakh in his savings account when the cheque was presented for clearance. After he raised the issue with the bank, officials admitted the mistake and refunded the penalty amount on November 28, 2025. The commission examined the complainant’s bank statement and found that sufficient funds …









