A Catch 22 Situation
Term deposit account closed hours before maturity, penalty levied, reverted after customer establishes bank is at fault. Recently got a SMS from my bank informing that the term deposit account I had with the bank is due to mature in a few days and I need to instruct the bank, failing which the instrument would be rolled over for another term. Since I was not in a mood to renew the deposit account, I visited the bank a day prior to the date of maturity, but never did I knew that taking the SMS seriously could land me in a situation described as “ C atch 22 ” in E nglish dictionary. According to Wikipedia, the free encyclopedia, C atch 22 is a paradoxical situation from which an individual cannot escape because of contradictory rules. I will refrain from delving into the historical aspect of the word since there already exist a Wikipedia article which the readers can access following this link . However I would like to narrate my personal experience that will give ...