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Clarification on Loan amount paid through ECS
13-Dec-2023 (In Banking / Finance Law)
Dear sir I take personal loan from fultron india Last 3 month I can not pay emi due to jobless Fultron says me put pdc cheque in bank & complaint to police But my query is I not given any pdc cheque Idbi bank Last 6 month my loan amount debit through ecs in Idbi bank I given pdc cheque Icici bank which is before six month debit amount through ecs My salary account change due to this I changed ecs Idbi bank Can fultron use pdc cheque Icici bank? Yes or no please advise My ecs debit Idbi
Dear User,
Thank you for raising query. However, I am unable to understand exactly what is your query but it seems that you want to know that whether pdc given to one bank can be used by another bank or not and answer to it is no. Because whenever bank take pdc they ask at least to put their name in the payee column of pdc and if you have mentioned it in favor of one bank then other bank cannot use it. If the column of payee was kept blank then also in very rare case this may happen. But usually it is not possible.
Thank you for raising query. However, I am unable to understand exactly what is your query but it seems that you want to know that whether pdc given to one bank can be used by another bank or not and answer to it is no. Because whenever bank take pdc they ask at least to put their name in the payee column of pdc and if you have mentioned it in favor of one bank then other bank cannot use it. If the column of payee was kept blank then also in very rare case this may happen. But usually it is not possible.
Helpful?
Adv. Jigar Dave
Vadodara | 25+ Answers
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Well i dont get you what is your query but for your information banks are taking pdc ceques for security purpose against legitimate dues but now banks are taking their money by ecs or rtgs moreover you have given authority to bank when you signed agreement of loan so they can take their money from your bank against your issuance of cheques if you not issued any pdc cheques then they will not take money from strange account so kindly concern your bank officer and please pay instalment dont take advantge
Helpful?
Adv. Khalid Pathan
Vadodara | 25+ Answers
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