Legal Question in Banking Law in India
Hi,
I have a Bank Account in Axis Bank and its a savings account. Today i got know that Bank has debit freeze my account without any intimation for NO Reason.
Is it against law ?
Because in case of emergency i am stuck.
Asked on 7/07/16, 10:00 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
08.07.2016
Dear Sir / Madam,
Yes, it is against the law. You should write to the Bank to justify the reason(s) for blocking access to your account.
Regards,
Answered on 7/07/16, 11:20 pm
What is debit freeze? Find out reasons. Without intimation, freezing is not correct.
Answered on 7/08/16, 12:01 am
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