Legal Question in Banking Law in India

CURRENT ACCOUNT OF PROPRIETORSHIP FIRM IN SBI. NOT MAINTAINED MINIMUM BALANCE AS ASKED 10000/- AND FEW CHEQUES BOUNCED TOO 6 MONTHS AGO ....BUT NOW TRANSUCTION IS PROPER SINCE 3 MONTHs . BUT BANK BLOCKED WITHDRAWAL WITH REASON " NPA" ACCOUNT . AMOUNT 25000/- IS IN ACCOUNT . NO CC / OD / OTHER LOAN AVAILED. IS IT LEGAL RIGHT OF BANK ?


Asked on 10/21/16, 12:08 pm

2 Answers from Attorneys
uttam agarwal

dear client ..........

you need to reguraly operate the account

send a letter to regularise the account

for any query reply back

with regards

Adv Uttam tibrewal

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Answered on 10/22/16, 1:35 am
Fca Prashant Chavan Expert Edge LLP

22.10.2016

Dear Sir / Madam,

You should sort out the matter with the concerned Branch of the Bank.

Regards,

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Answered on 10/22/16, 3:12 am


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