I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?

Apni Law
Apni Law
Law Forum › Category: Cheque Bounce › I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?
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Apni Law Staff asked 2 years ago

I issued a blank cheque to a cooperative bank for a loan of ₹3 lakh. I’ve made partial payments of ₹2.2 lakh and ₹3.9 lakh, including interest. But the bank is still claiming I owe ₹2 lakh. I can’t afford to pay this, but I want to pay the remaining amount. The bank is refusing my request. What can I do?

1 Answers
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Best Answer

Apni Law Staff answered 2 years ago

You can approach the cooperative bank and request a detailed breakdown of the outstanding amount. If you believe the calculation is incorrect, you can request a formal audit or seek legal assistance. You can also try negotiating a payment plan with the bank.

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