Credit card dues

The " Limitation Period " for a personal debt is 3 years from the date of debt./ date of its acknowledgement.

Pl see :

https://www.bankingindiaupdate.com/limitn.html

In your case, in 2007 you paid.. 3 years still remained. So till 2010 they could ask you for it, and if you acknowledged ( i. e. accepted  )  the debt, a fresh period of 3 years would start from such date of acknowledgement. If you refused and a dispute occurred, they had to take legal recourse within 3 years from 2007. In case they haven't they are bound by Limitation and can't claim now from you, unless they have some exceptions .

Further, in any case you have made a one Time Settlement in 2007 and have copies of the OTS and payment details. You could E-mail to the Bank's Officials ( redressal details and procedure should normally show up on their Website ) to be followed up with mailing the Documents by Courier and in case of still no closure, could take up the matter with Ombudsman ( RBI )

That is my understanding of the matter. Seniors may correct / comment.

Disclaimer : General Information above is provided without any warranties as to suitability for any use, correctness and application to any specific case. Please always take proper legal counsel .  However,if it helped you even partially a " thanks" would be appreciated and serve as encouragement for continued efforts :-)

limitation period will revive if you accept the liability.  you only plead about lapse of limitation. Bank cannot sue you now. Ask them to sue you which they cannot. You can give a complaint to RBI before they refer matter to their hired goondas.

Since there is no transaction between you and the bank for more than three years after having settled the entire amount on the basis of OTS letter, this threat of the bankers will not sustain before law.If you have received any notice, you may reply denying the allegations and wait for them to file a suit, which will not be done by them, and in case of any, you have strong grounds to defend the same on merits.

Sir Thank you so much .  Yes you are right, they are not writing any letters/notices,

they are harassing on phones for huge money

against settled and closed card account.

Shall I write any letter to them or you want me to ignore their calls

Naidu

Mr. Naidu, just ignore their calls and suppose their tortures are beyond tolerance level, you may  lodge a complaint before the local police against them giving details, you will get relieved thereafter.

completely agree with experts

After expiry of the limitation period, the Bank cannot sue you to recover any amount. In case of threatening, you serve a notice upon the Bank and then file a case against the Bank.