Apni Law Staff asked 2 years ago
Life threw a series of unexpected challenges my way. After losing my father, my wife had a Cesarean delivery, but sadly, our baby didn’t survive. To add to this, I lost my job, leaving me emotionally drained and struggling to cope. As the sole provider for my wife and mother, I was overwhelmed and unable to respond to Axis Bank’s emails. I’m grateful to have found a new job at Capgemini and opened a salary account with Axis Bank. However, they are demanding a lump sum payment of 3 lakhs, which I am unable to afford. I am in a difficult financial situation and have no assets to fall back on. Is there any way Axis Bank can consider my circumstances and help me through this challenging period?
Best Answer
Apni Law Staff answered 2 years ago
Indian law does not mandate banks to waive off dues due to personal hardship. However, Axis Bank can consider your circumstances and offer a payment plan or explore other options like a loan against your salary, to help you manage your debt. It’s advisable to reach out to the bank and explain your situation.
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