Legal Question in Banking Law in India
Namaskar Adarniya,
My name is Aakash Sharma, Sir a few time ago I issued a cheque of Axis bank to transfer a very large amount from my loan account to my another acount in same branch of the axis bank, but bank has cancelled the cheque by saying that cheque is a debit voucher and loan account has already debit balance so bank can not debit the loan account for transferring the fund. My question is that whether a loan account can not debited ever to transfer the fund.
Thanks in advance..........
Asked on 1/12/15, 3:45 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
15.01.2015
Repeat query. Already answered. Any further advice or guidance only on receipt of payment.
Answered on 1/13/15, 1:03 am
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