Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

prince   07 January 2017

Hdfc freeze my salary account without my consent

I have a HDFC salary a/c and a HDFC credit card which is not linked to my ac/ In the last two months I was not able to pay the minimum amount. Suddenly my salary a/c get freeze, though I have paid 50% of the minimum this month and am ready to pay the minimum amount. My question is do my bank has an authority to freeze my salary acount without my consent



Learning

 1 Replies

Kumar Doab (FIN)     07 January 2017

Banker's Right of Set-Off

You must have not obtained copy of CC form that you have signed.

It has a clause on it.

You owned in one a/c of the bank and bank has adjusted in another a/c.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register