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5 unauthorised transactions were occured in SB account on 05-12-2018.The first two transactions were under Payment Gateway and the next three under UPI fund transfer facility. An e-mail alert was received on 4 TH DECEMBER 2018 at 9.59 PM in respect of one item under Payment Gateway but two SMS were received on 5th Dec;2018 and no e-mail alerts were received either on 4th or 5th.I am usung SBI MAESTRO Debit card which is ineligible for UPI facilites.When approached to BANKINGOMBUDSMAN,KERALA,they declined to consider our request.Please advice the next steps to be taken in this regard.

A. Dear Sir, Please file a civil suit.

I am associated with a registered society. Two years ago we have opened a current account in a bank. Now we want to change the authorized signatories as per resolution of general body meeting of the society. We have submitted the resolution to the bank and KYC details of the new signatories. Now bank is asking NOC from the old signatories. Is it as per banking rules?

A. Dear Sir, You may approach another Bank since this Bank seems not following the prescribed rules. Please call me and take legal consultancy on my mobile through the administrators of this website.

I have a either or surviour joint account with my father. Whom does the money belongs legally after the death of my father, its belongs to me(Surviour) completely or it belongs to all the legal hiers equally. Could you please clear on this with legal perspective.

A. All the legal heirs shall have equal rights. Thanks

Some one made fraud in SBI bank using by name and created all kyc in my name with his photo, worng address and took loan and escaped. 10years back I lost my all education certificate 10th and diploma certificates..some one has got these certificates and joined in a private company and opened a salaried account in SBI.. Taken loan and escaped.. Now bank has hold my amount and telling to fight legally.. Plz help me or suggest me how can I proceed further...

A. Dear Sir, You can approach banking Ombudsman or Civil Court or High Court. Please call me and take legal consultancy on my mobile through the administrators of this website.

a fraud shopkeeper took money for making gun licence and once I gave him money he continues demanding and demanding more and more money..for this, that.. Now he didn't gave me licence...i gave him 35000 for the same..i have transferred 29000 rupees in his account... What I can do to revert back my money or a valid license

A. Already Answered Thanks

Certain term deposits of a particular bank in matured status are transferred in third party account by an employee without consent of bank officials. Which section of IPC will be applicable for such frauds?

A. 406, 420 and more depends upon contents

I want apply insolvency petition on credit card

A. apply that u/s 10 of the insolvency act. Thanks

Unwanted call continuously coming from bank's (HDFC) my side already DMD activated even though calls coming

A. Dear Sir, You may rely upon the following citation and get issue a strong legal notice. -================================================================================= ICCI Bank Limited vs. Prakash Kaur case, The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives. "We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and are governed by the rule of law," a bench comprising Justices Tarun Chatterjee and Dalveer Bhandari said. The court while dismissing the ICICI Bank's plea refused to delete the Delhi High Court's remarks that held the bank and its musclemen responsible for abetting a youth to commit suicide by humiliating him and taking away his motorcycle financed by the largest private sector bank. It also asked the ICICI Bank to to pay Rs 25,000 as cost of this litigation to the respondents within three weeks and directed the Delhi Police to conclude the investigation against the bank expeditiously within three months, keeping in view the gravity of the allegations. The court also directed the concerned Deputy Commissioner of Police to submit the investigation report in the Delhi High Court. According to the court, complaints received by Reserve Bank regarding violation of the above guidelines and adoption of abusive practices followed by banks recovery agents would be viewed seriously. Reiterating the RBI Guidelines on Engagement of Recovery Agents, the court said, "The Reserve Bank may consider imposing a ban on a bank from engaging recovery agents in a particular area, either jurisdictional or functional, for a limited period. In case of persistent breach of above guidelines, Reserve Bank may consider extending the period of ban or the area of ban." "RBI had expressed its concern about the number of litigations filed against the banks in the recent past for engaging recovery agents who have purportedly violated the law," Justice Bhandari, writing the verdict for the bench, stated. RBI in a letter accompanying its April 24, 2008 Guidelines had stated that it might consider imposing a ban on a bank from engaging recovery agents in a particular area, either jurisdictional or functional, for a limited period. ICICI Bank had moved the apex court seeking deletion of some paragraphs in the High Court order which had said that "...the proximate cause of death of the deceased that led him to commit suicide was on account of humiliation caused by the Bank people from where loan was taken by him." "The modus-operandi employed by the banks like ICICI for realisation of their loan amount and for recovering the possession of the vehicle against which loans are given is extra legal and by no stretch of imagination they can be permitted to employ musclemen and goons for recovery of their dues even from a defaulting party," the High Court had observed. The High Court order had come on a petition filed by Shanti Devi Sharma, the deceased's mother, seeking a probe against the ICICI bank and its staff for the unlawful action, which led to the suicide of her 34-year old son Himanshu Dev Sharma. Sharma had committed suicide in October 2005 by hanging himself at his house after he was allegedly intimidated and humiliated in front of his neighbours and family by recovery agents employed by the bank for recovering the loan amount taken for his motorcycle. The ICICI Bank had contended that it was within its rights to recover loans and had followed the required procedure for recovering dues. Keep these rules in mind while facing a loan recovery agent Know the facts Banks may have an in-house collection department or they may outsource the job to a third-party collection agency. Keep in mind that no bank likes non-performing assets, or bad debts, on their balance sheet. A debt becomes bad when it’s not paid for three consecutive months. “Usually if the debt is unpaid for a month, the collection team sends reminders or calls up the customer for recovery. However, the delay in payment could just be an oversight on the borrower’s part,” said a senior banker with a private sector bank, who did not want to be named. “But when the debt becomes 90 days overdue, we initiate recovery agent visits.” This, however, depends on a bank’s policy. In case you are unable to repay on time, it’s best to tell the bank about your situation. If you have a genuine reason, the bank may be willing to work towards a solution. This also depends on the bank’s policy. “A credit card debt can be easily converted into an EMI instead of total loan outstanding amount,” said the senior banker cited above. “The bank may even restructure a loan in some cases. Of course, this also depends on your past payment record.” Handling agents Keep in mind that at times recovery agents have big targets to achieve and may also have incentives linked to the number and volume of collection. So they are a motivated lot and handling them isn’t easy. Know the rules: You, as a debtor, have certain rights. Knowing those rights will help you handle a recovery agent. Identity: You can ask the recover agents to show their identity cards issued by the bank or under the authority of the bank. Privacy: You have a right to privacy. The recovery agent cannot discuss the debt to another person. So don’t panic if he threatens to tell neighbours or co-workers about your debt. If he does so, you can file a complaint against him with the bank. Time: The recovery agent should contact you between 7am and 7pm. However, if your working hours or work shift does not permit this, you may be contacted beyond this time limit. Calls: You can choose the place and time for receiving recovery calls. You can also request them to not call you at a particular place or time. For instance, if you don’t want to receive calls at work, specify the same to the agent or the bank. Keep in mind, they will respect your request only till they feel you are not avoiding them. Decency: The recovery agent has to talk to you in a decent and civilized manner. No abusive language should be used. Also, the written communication sent by the banks should be easy to understand. Investigation: If you file a complaint against a recovery agent, the bank needs to investigate the matter. This makes recovery agents accountable for their collection practice. Inappropriate occasions: If there is a death in your family or any such event, you can tell the agent not to call you or make visits for a few days. Records: Banks document the content of conversations between customers and agents along with the time and number of calls. Banks also need to keep all copies of communications sent to customers. Disputes: If you face any dispute or differences regarding dues, seek assistance of the lender. Seeking help There could be various reasons for you not being able to pay instalments on time— medical conditions, job loss or a twin-income family becoming a single-income household. Macroeconomic factors such as high inflation or rising interest rates, too, can be the reasons. If the reason for non-payment is not temporary, it’s best is to approach credit counselling agencies and seek help. “We provide free credit counselling for those who are struggling to get out of debt,” said Narayanan Raja, chief executive, BCSBI. Debt counselling agencies such as Abhay and Disha also offer such services for free. If you are uncomfortable going to these centres, you can avail counselling over telephone which also is provided without any cost. Recourse if harassed If you think the agent is not following any of the above mentioned rules, you should file a complaint. Raja said, “If a borrower thinks he is being harassed, he should first approach the bank, and if not satisfied by its response, he should get in touch with the banking ombudsman.” Though rules have been laid down to assist borrowers, it is best to rework household budget and make provisions to accommodate the unseen change in the repayment amount. The bank can sue you on defaulting the credit card payment. It cannot amount to criminal liability as it would be considered as non payment of loan which will constitute as a civil act by nature. The Banks and Financial Institutions can lend money even without security, normally, the Banks and Financial Institutions insist for security for the repayment of loan. The fixed assets, receivables etc. can be securities acceptable to the Banks and Financial Institutions for sanctioning the loans. The loan entitlements, the procedure for sanctioning the loan, the security issues etc, are exclusively governed by the guidelines/norms issued by the Reserve Bank of India. Loan being an agreement or understanding between the Bank and the borrower, the general laws like Law of Contract, Transfer of Property Act, Specific Relief Act, Specific Performance etc., are applicable to all banking transactions depending upon the nature of transaction. When a borrower fails to repay the money to the Bank, what the Bank can do for recovering the loan is to file a civil suit earlier. in India the remedy available to lenders has been to file an ordinary money suit for recovery against the defaulting borrower for the outstanding amounts or to file a summary suit as provided for under Order 37 of Code of Civil Procedure 1908

I am living in Guduvancherry,Chennai,with my dr and grand dr.My, son in law, divorced from my daughter,12years back, passed away in Mumbai,his work place.He has left an amount in S B.I,in Sylvasa.He has put my daughter's name as nominee for the amount .The bank has asked for certain affidavits in stamp papers,from my dr and grd dr.They are in Chennai.Where should we get the NJS for affidavits.Being in Chennai we know lawyers here and we will get the affidavit it's here But the bank is insisting that the stamp papers should be from sylvasa(it is a capital of dada Nagar haveli,union Territory),near Gujarat.Please advice .My grd dr is doing her 3rd Ur engg.My dr is unemployed and she is the only support.So please advice. (No2).In the same matter can u advise me as to which is the jurisdiction to file Legal heirship certificate?My son in law died in Mumbai and living in Thana ,Mumbai at the time of death My grd dr is in Chennai with her mother for the past 12 years There is none in Mumbai.Please advise me the correct jurisdiction for Legal heirship certificate.Please give advice for the above Two .Thank you

A. Dear Sir, You have to produce legal heir certificate and/or succession certificate.

we request for advise on Bank collected forcloser charges on BT of loan ,charges 548700 and term loan Rs.61702 , also around 40000 rs collected for non renwal addition charges , we wants advise and further process for case with BANK please advise us ,we from Ahmedabad

A. Dear Sir, Just approach Banking Ombudsman and resolve your issue.