Legal Question in Banking Law in India

I m a govt employee and taken personal loan fron a bank.I want to transfer the money(5 lacs) to another account.Should i inform the govt about transfer of money? And what are bank's and RBI's rule about it ?


Asked on 8/01/11, 3:18 am

4 Answers from Attorneys

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

if both the accounts are managed by you then what has RBI got to do with it.

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Answered on 8/01/11, 3:56 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

your question is not clear.

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Answered on 8/01/11, 4:31 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

on the precautionary base u shuld tell them

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Answered on 8/01/11, 11:52 pm
Sanjay Kalra Sanjay Kalra & Associates

Loan of 5 lacs or some other money to some other account . Please clarify.

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Answered on 8/02/11, 1:18 am


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