What to do if my EMI has been deducted still showing pending
20-Jun-2023 (In Cheque Bounce Law)
I've a current a/c in hdfc bank through which my car loan emi deducts. No emi cheque was bounced for 3 and 1/2 yrs, but from last 3 months my emi was bounced due to some financial problem. last 2 months payment was cleared and 1 months was pending. for every emi bounce they put my current a/c in negative mode & its justified. But for one month emi pending they have hold my savings account funds(same hdfc bank with different customer ID) including current a/c in negative mode, without any notice. On 15th jun I got one payment and the remaining emi was cleared directly from the current a/c as it was on negative balance mode, but they remove hold from my savings a/c on 19th Jun. For which I faced loads of business problem here as there was big festival here in odisha. Now again my saving a/c fund is sitll on hold for the amount of 2600 as bounce charges due to which my 1500 cheque bounced today. Plz advice me if they authorized to hold my saving a/c fund bcz of current a/c bounce crgs?
Dear sir,
Every private bank has own police.At the time of your loan approval you must have signed all the terms and condition of the bank.so you have no option to avoid the charges of delay payment specified by the bank.so its better to clear the charges of delay payment, otherwise you will face problem in cibil records and in future it creates problem for getting another loan from any bank.
Every private bank has own police.At the time of your loan approval you must have signed all the terms and condition of the bank.so you have no option to avoid the charges of delay payment specified by the bank.so its better to clear the charges of delay payment, otherwise you will face problem in cibil records and in future it creates problem for getting another loan from any bank.
Sir, you have a lot of questions. Bank cannot freeze one account for default in another account, even if both the accounts are in same name.
But just consider, that you had defaulted and bank has recovered. End the matter. If you go to Court/forum, you will loose more then what is demanded now.
But just consider, that you had defaulted and bank has recovered. End the matter. If you go to Court/forum, you will loose more then what is demanded now.
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