CRYPTO IS ILLEGAL OR LEGAL CRYPTO IS ILLEGAL OR LEGAL

Hey All , Hdfc Bank Had freezed My account For Trading In crypto Currency As They are saying It's illegal . i usually Deposit & withdraw money by Hdfc bank through Wazirx , zebpay ... . Let me know m

2 Response(s)

Posted 4 months ago


A. Hi,
Asper the laws in India, any transactions that involve Crypto Currency are unregulated. However, this in no means mentions that it is illegal. Thus, the bank account cannot freeze your account citing this as a reason. You may speak to the branch manager/Zonal head regarding the same and show him the relevant media which mentions that it is not illegal.
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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

6 Response(s)

Posted 5 months 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.

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Adv.Swapnil  Patil

Adv.Swapnil Patil

Bankers Cheque 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

5 Response(s)

Posted 6 months 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 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

5 Response(s)

Posted 6 months 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.

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Illegal transfer of funds from father account 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,

5 Response(s)

Posted 6 months 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 ?? 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

4 Response(s)

Posted 6 months 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 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

4 Response(s)

Posted 6 months 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.

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RBI Guidlines for Frozen Account 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

4 Response(s)

Posted 6 months 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 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??

4 Response(s)

Posted 6 months 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 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

4 Response(s)

Posted 6 months 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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