UNFREEZE MY BANK ACCOUNTS
1 year ago
Recenly I lost an amount of 23000 in an investment fraud.. I raised an complaint online in Cyber crime reporting Portal. But unfortunately, my bank accounts and many of my friends and relatives bank accounts with whom I have transacted with from my account are liened. How to unfreeze all of these accounts ?
A.Dear Client,
You can proceed to raise the issue at the respective bank and contact the ombudsman or the highest possible authority. It is advisable to take action at the earliest as recovery of money is a bit tricky.
You can proceed to raise the issue at the respective bank and contact the ombudsman or the highest possible authority. It is advisable to take action at the earliest as recovery of money is a bit tricky.
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A.Dear Sir,
Do follow the below instructions to resolve your issue.
The bank has right to freeze the account. The relevant rules are as follows:PLEASE VISIT THE LINK ALSO. The remedy lies by issuing a legal notice to the Bank, followed by a Writ Petition to direct the Bank to unfreeze the account with a liberty to the aggrieved partner to approach the Civil Court to redress his grievance. Bank cannot penalize the other partner. The Supreme Court's observations are as below:
STATE BANK OF INDIA
Customer Manual for Deposit Accounts Including Disclosure of Account Terms and Fee Schedule
How to unfreeze your bank account
2.2 Joint Accounts shall be opened with right of Survivorship Only
https://www.statebank.com/pdf/customer-manual-march2011.pdf
• These are opened when two or more persons desire to have a common or joint account. These can be operated: → jointly by all the persons with right of survivorship only; → by any one of them;
• In the event of death of anyone of the joint account holders, the balance will be available to the surviving account holder(s). Customer Manual for Deposits Current as on January 1, 2013 Page 5 of 29
• All account holders must sign the application and specimen signature card.
• The Bank reserves the right to freeze or suspend the account if: → it receives a letter from any one of the account holders objecting to further transactions, or → it is made aware of a dispute. In such an eventuality, all account holders will have to sign any instruction to the Bank.
• The Bank shall have the right to set off all funds in the account against any overdue debt, or to satisfy a judgment against the account holder or any one of the account holders in the case of joint account holders.
The Supreme Court on Friday directed the Central Bureau of Investigation (CBI) to de-freeze the bank accounts of Adarsh Cooperative Housing Society, and allow them to withdraw ₹1.68 crore to spend on building maintenance and litigation expenses.
A Bench of Justices J. Chelameswar and S.K. Kaul did not agree with the CBI’s objections that the money was part of the benami transactions made to purchase the flats in the building.
The court said the investigating agency could not convince it how the withdrawal of the amount against a security of immovable properties would affect the probe, especially when the money is not part of the charge sheet or linked to any fraud.
In a hearing in 2016, the SC had expressed empathy for the efforts made by the residents of the 28-story scam-tainted Adarsh apartments to maintain the lifts and other facilities.
The court had asked the probe agency to understand the sentiments of the residents, who hope that one day, by a miracle, they may be able to get back possession of the apartments.
The building is now in the possession of the government following a SC order on July 22.
The society had then sought a direction to the Military Engineering Services, the custodian of the building, to ensure proper maintenance of lifts, generators, and firefighting equipment as the office-bearers of the society and flat owners have been barred by the apex court from entering the premises.
Do follow the below instructions to resolve your issue.
The bank has right to freeze the account. The relevant rules are as follows:PLEASE VISIT THE LINK ALSO. The remedy lies by issuing a legal notice to the Bank, followed by a Writ Petition to direct the Bank to unfreeze the account with a liberty to the aggrieved partner to approach the Civil Court to redress his grievance. Bank cannot penalize the other partner. The Supreme Court's observations are as below:
STATE BANK OF INDIA
Customer Manual for Deposit Accounts Including Disclosure of Account Terms and Fee Schedule
How to unfreeze your bank account
2.2 Joint Accounts shall be opened with right of Survivorship Only
https://www.statebank.com/pdf/customer-manual-march2011.pdf
• These are opened when two or more persons desire to have a common or joint account. These can be operated: → jointly by all the persons with right of survivorship only; → by any one of them;
• In the event of death of anyone of the joint account holders, the balance will be available to the surviving account holder(s). Customer Manual for Deposits Current as on January 1, 2013 Page 5 of 29
• All account holders must sign the application and specimen signature card.
• The Bank reserves the right to freeze or suspend the account if: → it receives a letter from any one of the account holders objecting to further transactions, or → it is made aware of a dispute. In such an eventuality, all account holders will have to sign any instruction to the Bank.
• The Bank shall have the right to set off all funds in the account against any overdue debt, or to satisfy a judgment against the account holder or any one of the account holders in the case of joint account holders.
The Supreme Court on Friday directed the Central Bureau of Investigation (CBI) to de-freeze the bank accounts of Adarsh Cooperative Housing Society, and allow them to withdraw ₹1.68 crore to spend on building maintenance and litigation expenses.
A Bench of Justices J. Chelameswar and S.K. Kaul did not agree with the CBI’s objections that the money was part of the benami transactions made to purchase the flats in the building.
The court said the investigating agency could not convince it how the withdrawal of the amount against a security of immovable properties would affect the probe, especially when the money is not part of the charge sheet or linked to any fraud.
In a hearing in 2016, the SC had expressed empathy for the efforts made by the residents of the 28-story scam-tainted Adarsh apartments to maintain the lifts and other facilities.
The court had asked the probe agency to understand the sentiments of the residents, who hope that one day, by a miracle, they may be able to get back possession of the apartments.
The building is now in the possession of the government following a SC order on July 22.
The society had then sought a direction to the Military Engineering Services, the custodian of the building, to ensure proper maintenance of lifts, generators, and firefighting equipment as the office-bearers of the society and flat owners have been barred by the apex court from entering the premises.
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