how to remove boja(loan) from 7/12
how to remove boja(loan) from 7/12
boja on the land from 2002 so I want to remove the loan and the bank is not exist now on our city what is the process to remove this boja amount
2 years ago
A. Visit any branch of the said bank which has sanctioned the loan over the land and discuss in detail about the said loan and find out from to whom you can contact. If there is any outstanding amount left, then, repay that amount and get the NOC from the said bank. When all these paperwork is done, your loan will be over and you are free.
Lucem Leg
Bankers Cheque
I have HDFC account. recently filled claim form after my father's death. he had a SBI account for which I was the nominee.after the process I received the banker's cheque. I wanted to know which b
2 years ago
A. Dear Sir,
You have to file a civil suit to claim such amount. You being the nominee entitled to recover such proceeds of the cheque. You must approach SBI Bank first and if rejected then approach HDFC Bank and get endorsements from both the banks.
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Rule for fixed deposit account inheritance
I (son-in-law) have made a number of fixed deposit accounts (from my salary savings) in various nationalized banks with my Mother-in-law as first holder, me as the second holder and my wife as the thi
2 years ago
A. Hi,
Your mother-in-law has the legal authority to make a will giving all of her assets to your wife. If she dies without leaving a will, her estate will be distributed according to the laws of inheritance and succession.
Thank you very much.
Ayantika Mondal @ Prime Legal
Illegal transfer of funds from father account
My Father passed away on 16th Mar 2021, He has three son and he has 6 fixed deposits in the bank on which he made his sons nominee on 2 Fixed deposit to each son. Now, before the demise of the father,
2 years ago
A. Dear Sir,
You may immediately lodge a complaint against the elder son of deceased father and also file a civil suit claiming a share those fixed deposits and other amounts withdrawn by him without the knowledge of your father who was not in a position to know for what purpose he has signed the documents.
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Does Co borrower's default in his account make your account also NPA ??
I have an education loan in which my father is the co borrower. My Father's overdraft account slipped into NPA. Will my education loan account also be declared NPA due to that or will ot have no effec
2 years ago
A. Dear Sir,
It cannot be but the Bankers doing many irregularities as the borrowers no effective remedies. You may get issue a legal notice or approach Banking Ombudsman or approach High Court.
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Bank manager conspiring , that i shall not be able to avail loan restructuring
Dear sir / mam myself an 58 yrs old lady , i took loan of 2.5 lakh under mudra yojana for proprietor firm , and have been paying emi on time , but since pandemic i am not able to pay on time but at
2 years ago
A. Dear Madam,
Your concerns are valid but we can't look down on her procedures as a part of the conspiracy. However if you are still suspicious of her duties you may approach a higher authority for your assistance.
As well as bring the bribe part to higher authorities notice.
If you find this useful please rate me.
Ayantika Mondal @ Prime Legal
RBI Guidlines for Frozen Account
RBI guidelines RBI-2014-15-63 DBOD.No.Dir.BC. 5-13.03.00-2014-15 July 1, 2014 Ashadha 10, 1936 (Saka) told that Banks are advised to follow the procedure detailed below in the case of Term Deposit Acc
2 years ago
A. Dear Sir,
You may approach same Court for extension of period of frogging. Bank can renew the extension period only after getting court orders and not prior to it. You may approach banking ombudsman to redress your grievances.
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fintech startup legal requirements
what are the legal requirements to start a neobank with the partnership of a traditional bank like hdfc bank or icici bank?? Are there any licensing requirements to start this business??
2 years ago
A. Dear Sir,
There are 10 neo banks in India currently, and a couple of more are in the process of entering the market. ICICI Bank took the lead in the segment and partnered with three neo banks: Free, Instant Pay, and Yelo. The profit margins of neo banks are slim, and the regulators are encouraging more entrants and competition.
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Police case on retired bank employee
I am a retired bank employee. I retired in 2015. In 2014, I sanction a loan of 10 lakh to one person against his house with a consent of his brother residing with him in same house. The legal status r
2 years ago
A. Dear Sir,
You immediately approach High Court and get a stay on such investigation if your bankers not lodged any complaint. Primarily that guy given consent and it will be deemed consented for further loans. Police cannot register such case on the complaint of private person unless bank itself lodge a complaint as transaction took place in the Bank.
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Can a bank declare a customer loan defaulter when there is an active e-mandate
Can a bank declare a customer loan defaulter when there is an active e-mandate to autodebit the EMI from another bank is in place? In this case the outstanding on credit card was restructured by onli
2 years ago
A. Hi,
According to the definition, default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments. Therefore if there was a non payment of due then it would be considered to be default.
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