Legal Question in Banking Law in India
can cooperative housing society open Overdraft account?
Asked on 12/03/24, 4:36 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
it cannot open overdraft account. it is not a permissible activity. Anyhow check with the Registrar of Cooperative Housing Societies.
Answered on 12/04/24, 5:42 am
Related Questions & Answers
-
What can be done if the bank is charged us extra chargers for foreclosure charges... Asked 10/21/24, 11:19 pm in India Banking Law
-
Can an Urban co-operative Bank cut the Basic salary of his employees stating that... Asked 10/03/24, 9:21 am in India Banking Law
-
I am currently involved in a legal dispute with the Bank of India regarding a ₹50... Asked 8/16/24, 8:38 am in India Banking Law
-
Housing loan applicants my wife (53 yrs)son co-applicant -27 yrs. Loan obtained in... Asked 7/03/24, 6:50 am in India Banking Law
-
Can bank restructure loan after getting a new partner in LLP ? Asked 6/19/24, 10:19 pm in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
