Legal Question in Banking Law in India

can a bank give money from a saving bank account to credit card division in india according to RBI rules?


Asked on 9/04/12, 12:15 am

3 Answers from Attorneys

Sanjay Kalra Sanjay Kalra & Associates

YES if the credit card if of the same bank.

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Answered on 9/04/12, 12:21 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

there is no rule permitting any bank to exhaust savings account for satisfaction of credit card outstanding bill unless there is an agreement between the consumer and bank to the contrary or there is a court direction.

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Answered on 9/04/12, 12:35 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

If the consumer has given instructions to the Bank or if there is an agreement to the effect then Yes.

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Answered on 9/04/12, 4:41 am


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