Credit card company is asking for whole amount even after paying the settlement amount. Credit card company is asking for whole amount even after paying the settlement amount.

I had gone under settlement with HDFC BANK , As per Bank Letter EMI were to be paid till April-21, of the Total dues I paid them 75% till April 21 , and 25% I cleared on 18th June, Now the Bank is ask

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Posted 6 months ago


A. Dear Sir,
The Bankers throwing the public amount on the streets without taking any security advancing loans on credit cards and many of such recoveries failed due to their negligence. You need not agree for their terms and ask them to go legally.

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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.
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Latest Response 6 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Other Responses
Advocate  Anik

Advocate Anik

Kishan Dutt Kalaskar Retired Judge

Kishan Dutt Kalaskar Retired Judge

Abhimanyu  Shandilya

Abhimanyu Shandilya

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??

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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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Loan taken from bajaj and hdfc given to friend Loan taken from bajaj and hdfc given to friend

I take loan from bajaj and hdfc and it given to freind now he not paid emi I m in trouble so

5 Response(s)

Posted 6 months ago


A. Dear Sir,
You may get issue a legal notice and file a money recovery suit. Thus you can recover your amount. But you must have some documents having transferred the amount or promissory note etc.,

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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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Sbi credit card legal department person abuse me on whasaap messege he called me (chor and anpad) Sbi credit card legal department person abuse me on whasaap messege he called me (chor and anpad)

Respect sir, Myself kunal shedge i use sbi credit card for last 2yr, my outstanding is pending due to the lockdown for last 18months i lost my job and searching for new i am not yet getting new one, l

3 Response(s)

Posted 6 months ago


A. Hi,
You can file a criminal defamation complaint against the individual who slandered your name. In Indian law, criminal defamation is specifically defined as a crime under section 499 of the Indian Penal Code (IPC). It is strongly suggested that you settle your due balance before charging the individual.
Thank you very much. Please give the answer a rating.

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Latest Response 6 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Other Responses
Advocate  Anik

Advocate Anik

Kishan Dutt Kalaskar Retired Judge

Kishan Dutt Kalaskar Retired Judge

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

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

4 Response(s)

Posted 6 months 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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Legal Notice Received from Bajaj Finance Limited within 26 days time Legal Notice Received from Bajaj Finance Limited within 26 days time

Hello Team, I am Venu from Hyderabad received a legal notice from Bajaj Finance Limited through an Advocate from Maharashtra. I missed my EMI from Bajaj EMI Card for June month, however my track recor

5 Response(s)

Posted 6 months ago


A. Dear Sir,
It seems to be a personal loan and they have no authority to come over to your house for recovery the same since house is not mortgaged. It is a purely personal loan and they have to take a decree from civil Court or Arbitrator. Just ignore their calls and be thick skinned.

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