Query

Guest (Querist) 17 September 2012 This query is : Resolved
1. A has a bank account in form of FDR deposits, apart from that A and B have one joint account too, B commits some illegal withdrawal due to which that account as well as A’s FDR account is also freezed by bank. What can be the arguments from bank side? Does bank has a right to exercise general lien over FDR accounts also when the fault is only joint account?

2. Can FDR deposited in a bank be considered as bailment?

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Devajyoti Barman (Expert) 17 September 2012
1. What is the case details. Do not expect quality reply on half baked information.
2. No unless it is made as security to procure loan.

RAJU O.F., (Expert) 19 September 2012
When the illegal withdrawal was found to be by B, the personal Fixed Deposit a/c of A cannot be kept under lien.

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