Man loses Rs 52k due to typo in insurance payment: Consumer court finds both banks at fault; ordered to refund with 10% interest

Vanga Krishna Reddy fought for two years to recover a mistaken insurance payment. He made a typo while transferring money online. The amount went to the wrong account. Banks initially acknowledged the error but later stalled. Krishna Reddy then approached the consumer court. The court ruled in his favor. It held both banks responsible for the service deficiency.

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