Mohali, June 15 -- The District Consumer Disputes Redressal Commission has directed State Bank of India (SBI) to pay Rs.10,000 as compensation to a senior citizen after the bank dishonoured his cheque citing "insufficient funds" despite more than Rs.1.48 lakh being available in his account.

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 Rs.590 from his account.

Anand told the commission that he had a balance of over Rs.1.48 lakh in...