India | Banking Law
Legal Question
I have SOD account in Bank. My account is notified as NPA. Kindly advise what should I do?
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Legal Answer
Why the account was notified as NPA?
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www.lawconcern.com 7A Queens Court 130 Montieth Road Egmore Chennai Chennai,india, NUS 600008
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Legal Answer
As there should have been overdrawing and the debit balance in the account not being paid off, it would have been classified as NPA. Pay off the debit balance and bring the account to credit.
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independent Practice Priya Mahaall, New 27, Old 12/3, Deivasigamani Street Chennai, NUS 600014
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Legal Answer
pay the irregular-overdue amount in the overdrawing account and regularise the position to avoid legal action in future
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Independent 116, Vagheshwari Society,Kareli Baug, Vadodara, NUS 390018
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