Please help me....
... My parents had made a limit from canara bank for our shop in year 2000. Its principal amount was 90,000 (on my mother) and 1,48,000(on my father)....and my parents had given 4 FDRs of total 75000 which became 1,03,000. Bank splitted these FDRs into one FDR of 75000 and remaining 27000 in form of interest of limit.
Now that 75000 FDR has become around 1 lakh and bank has filed two cases ( my father and mother) in Permanent lok adalat for recovery of limits of 3,60,000 but its principal amount is 2,38,000. We have given FDR of around 1 lakh to bank......and now bank demand around 70,000 to 80,000.
Our shop is closed since 2006....for 8 years......because my father has become mentally disturbed....and my mother has a cancer infection and I am not in condition to pay the amount which bank demands.
Please help me.....how to talk to bank manager.
can this be settled in 25,000 to 30,000.