Legal Question in Banking Law in India
I Made FD of Rs. 38000 for two yrs in year 2011 from HDFC Bank. Without submitting to original FD. Can Bank break my FD before maturity & pay to other party saying that this is swiping FD ? My second question is that If my saving A/C balance is Rs.10/- only can ATM machine give me Rs. 10000/- on using of debit card?
Asked on 2/14/17, 12:15 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
14.02.2017
Dear Sir / Madam,
If an old outstanding pending dues in another account are owed by you to the Bank, the Bank is legally entitled to adjust and recover the dues owed by you to them from your Fixed Deposit proceeds, even if premature withdrawal,, and pay it to a third party.
Regards,.
Answered on 2/14/17, 12:32 am
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