Banking
This query is : Open
06 November 2012
For a fixed deposit of a customer which is already due, bank has received a letter from anti corruption bureau for attachment of FD, but customer has requested the bank for interest payment. Can we do it?
22 November 2012
Yes, If the fixed deposit is not on compounding basis and yearly interest payment is to be made then yes but the principal amount cannot be paid to you
Message likes :
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25 December 2012
I differ with Shri C.A. S.S. Agarwal,
when any government department makes attachment, every right on movable property
also vests to issuing authority.
In this circumstances bank should not pay interst.
I differ with Shri C.A. S.S. Agarwal,
when any government department makes attachment, every right on movable property
also vests to issuing authority.
In this circumstances bank should not pay interst.
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