Legal Question in Credit and Debt Law in India

Sir,

I am a widow pensioner. My late husband took some personal loan from Bank Ranjhi branch, After his death I am getting pension to my S B A/c with same branch. The Bank Branch imposed a HOLD on my pension account for Rs.41000/-. The Bank is not allowing me draw amount from my S B A/c. I asked the Bank to provide me under what law, rule, Act they have imposed a HOLD (just like attachment) on my SB A/c, widow pension A/c . No reply came. Bank not able to take away the amount without my consent. Bank is not allowing me draw amount. I understand that no attachment order by a Court of law can be imposed on Pension a/c. Confirm whether Bank can impose such Hold on my account ? I have represented the matter to Chairman of Bank, but HOLD is not being removed by Bank. Confirm under what law, rule, Act, regulation the Bank can impose such hold on the account of wife for the loan which became NPA (non performing asset) due to death of my husband.

I have got my Pension Account transferred to another branch of same bank now, . But still, the HOLD imposed by my previous Branch i.e. Ranjhi Branch is still continuing. Pl. advice what is the course of Action left out for me ?

Mrs.M Swamy


Asked on 4/07/11, 4:32 pm

1 Answer from Attorneys
Bennet Master of Law Bennet Raj Law Office

For quick remedy, approach relevant High Court. If you approach ombudsman, he may act with bias in favour of Bank. OR if you found any defect in service, approach consumer court and the same will be not expensive

J. Bennet Raj, M.L., Advocate

Bennet Raj Online Legal Solutions

[email protected]

Read more
Answered on 4/07/11, 6:07 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India