Bank Placed Hold To My Savings Joint Account | Vkeel - Free Legal Advice

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Rourkela

Bank has placed the hold to my savings joint account as because my wife being the secondary account holder and also the defaulter of loan repayment of an SHG. I have requested the SHG regarding the HOLD and they have started depositing towards the loan account but the bank has denied to withdraw the HOLD till the repayment of the loan fully settled. So I need the advice what is to be done in this regard

Expert's Answers(1)

Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

Ask for the guidelines and directions issued from The Reserve Bank of India in this regard Under Right To Information Act and then proceed on firm footing against the Bank asking for the release of the Hold. You have a good case and you will succeed definitely. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

November 5, 2020