Apni Law Staff asked 2 years ago
I’ve had an SBI account since 2008 with a limit of ₹2 lakhs. My business struggled, and despite trying to keep it afloat, my account went into the red. I tried to regularize the account twice but couldn’t keep up. I wrote to SBI requesting they convert the outstanding amount into an EMI plan so I could pay it off monthly. I have copies of all these requests.
However, SBI took ₹80,000 from my FD without informing me and demanded the remaining balance. I wrote to them again about the EMI plan but received no response. I’ve now been sued in Durgapur court, both me and my mother who’s the guarantor. I have proof of their acknowledgement of my requests. I’m struggling financially. What should I do now?
Best Answer
Apni Law Staff answered 2 years ago
You should immediately seek legal counsel to challenge the bank’s actions in court. You can argue that SBI’s unilateral action of deducting from your FD without prior notice was unfair and violated banking norms. Presenting your written requests for an EMI plan and their acknowledgment can strengthen your case.
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