lien

Querist : Anonymous (Querist) 01 August 2010 This query is : Resolved
I want to if there can be lien on a credit card can the banker block the sb account

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Devajyoti Barman (Expert) 01 August 2010
Yes, the bank can have lien over the savings account or fixed deposit against the arrears in the credit card but a clear agreement must be there at the time of your acceptance of the card.

s.subramanian (Expert) 01 August 2010
yes.banker has the right of lien.

Y V Vishweshwar Rao (Expert) 02 August 2010
1- General Lien of Banks and 2- specific Charge on FDR -
Bank has right to insist for payment of its dues by excersing its lien on the amounts of the Debtor in its Custody .

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