90,000+ Legal Questions Answered
My sbi account is on hold
1 year ago
I took personal loan from a bank and could not return them due to some reasons. And now my saving and pension accounts are on hold. I am not able to make any transaction. Please advice me how to solve problem
A.Hello Sir,
A banker cannot exercise banker lien in view of the provisions of the Pension Act, 1871 over such sum. A banker can exercise its lien on sums coming to its possession in the usual course of its business.
A banker cannot exercise banker lien in view of the provisions of the Pension Act, 1871 over such sum. A banker can exercise its lien on sums coming to its possession in the usual course of its business.
Helpful
Helpful
Share
Read Related Answers
Sharing bank statement of Defence Salary Account to third person wo informing
Dear Sir,
You may get issue a legal notice to the concerned Bankers and the Head office and initiate legal action and claim huge compensation for not securing your account details which are private de...
Borrowed money
Dear Client,
Your query requires more details to address it suitably. You expressed your concern but not a cause of action behind that concern that attracts a legal remedy. It is a virtual platform w...
Personal Loan Settlement
Dear Client,
You need to adhere to the payment of EMI and interest rates as provided by the financial corporations to settle the loan amount. In case of a financial crisis, you can contact the manager...
Home loan for Gifting deed
Dear Client,
Once a donor or owner of the property gifted the property to the donor through a registered deed of gift, the property becomes the self-acquired property in the hand of the donee who beco...
Car loan
Dear Client,
Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower. You may negotiate or settle your dues agains...
Read Blogs on Banking
Banking Lawyers
Find Lawyers by Location
