Can bank representative go to addresses which are not updated in bank records
Can bank representative go to addresses which are not updated in bank records
Can bank representative go to addresses which are not updated in bank records
2 years ago
A. Dear Sir,
Now, the Banks are known for such visits since their visits are not restricted by any Court. Anyway you may read the following.
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Remedies against harassment by Recovery Agents
February 18, 2021
Written By : Kishan Dutt Kalaskar Retired Judge
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There are numerous cases of the oppressive and illegal conduct of recovery agents attempting to recover pending dues for the banks' benefit. In the past few years there have ...ReadMore
credit card debt
Hi iam a resident of hyderabad,Telangana I have a total dept of credit card is 1.25000 including with Late fee and Interest and i opt for Installments up on all over amount Still iam unable to pay bec
2 years ago
A. Dear Sir,
you need to speak to your credit card issuer and describe all the issues that you have and request them to restructure the repayment by allowing you to have small EMI which you can pay easily.
EMI foreclosure on merchant-cancelled products
EMI(split & pay-RBL bank) being levied on us even after Merchant had refunded the amount to the bank stating product could not be delivered. We paid 2 emis without recognising this and now, customer s
2 years ago
A. Dear client
you need to write a complaint letter to the bank giving all the details and if they donot pay attention to that then you can send the complain to the banking ombudsman who would look into your case and do the needful.
Joint bank aacount holder not getting rights to bank account
I have a joint account(either or survivor) with my mother's aunt. She died recently. There is money is savings account and 2 fixed deposits . I have applied properly for removal of my mother's aunt na
2 years ago
A. Yes you are right that there is no banking laws or rules which prohibits one of the joint account holder to access the account on death of another account holder. If the bank is not listening to you then you have these options;
1. Write a complaint letter to the banking Ombudsman
2. Send them a legal notice through a lawyer
3. File a consumer case against them.
Advocate Sinjari Bandyopadhyaya
Cash Credit Limit
My father had taken a cash credit limit of 1.75 Lacs on Jan 2009, which he was unable to pay. Now that my father passed away last year that is 2002 and I have not inherited any property from him. the
2 years ago
A. Dear Sir,
You are not liable to pay any amount to the Bankers as it was personal loan and you have not inherited any property from him and also on the following principal of law.
'Pious obligation' means the moral liability of sons to pay off or discharge their father's non-avyavaharik debts. ... The ancient doctrine of pious obligation was governed by Smriti law. There is a pious obligation on the sons and grandsons to pay the debts contracted by the father and grandfather.
Hindu Succession ( ...ReadMore
Cheque bounce charge
My bank charged me for a cheque bounce due to NSF reason. As a player I was not at fault. The drawee paid the full amount through online transfer immediately afterwards, but refused to pay the charge
2 years ago
A. Dear Client,
There is no legal provision for the same. However, to recover the amount you may file a legal notice. If you have a written agreement for the payment you can use it in your favour.
Thank you!
Regarding the Act of God Clause in Crop Loan recovery
Sir, I wanted to understand the Act of God clause in Loan recovery from the Bank. Crop loan or KCC loan was taken in the year 2016, but there was severe flood and landslides in my place in Kodagu dist
2 years ago
A. Hi,
If there was such a clause in the agreement, you can use that as a defense in court and save your property. You have to refer to the agreement deed and in case of any further advice, please contact a lawyer.
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Freezing of Company's bank Accounts unilateral by minority 49% shareholder
The Director of the Company who was spouse and also Director and 49% shareholder of the Company leaving abroad. The Majority 51% shareholder and Managing Director of the Company at the time of freezi
2 years ago
A. I will have to look in to the Companies Act of Tanzania to figure out the rights of the minority shareholder plus the banking laws of Tanzania that how enabled they were legally to take that action. But on a general legal premise minority shareholders can not approach the bank asking them to freeze the account as they would not be having the authority to do so, unless allowed under local Tanzanian law.
At the same time the bank did not receive the request to freeze either form the singatories or ...ReadMore
Inheritance of FD when Son Deposit FD in Fathers's name
Dear Lawyer Sir, I need one advice , would be really grateful if you can give a precise answer or counter legal remedy Subject:Inheritance of FD when Son Deposit FD in Fathers's name ,as per RBI no
2 years ago
A. If the daughter doesn't give any stop payment direction to the concerned Bank, then the Bank may not insist you to submit the Succession Certificate but will disburse that FD amount to you as Nominee. Please take note that if the daughter gives objection against such disbursement,then to get the Succession Certificate is the only option and in such case mother, son and daughter have such right of inheritance.
Advocate Sinjari Bandyopadhyaya
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 years 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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