NPA account holding with whom?

153 views
User Avatar

1 Points Posted on 24 February 2021

I want to know that if bank will declare someone account as NPA and account holder as Defaulter then is there any legal holding writes of NPA accout holder?

Explanation: if someone has bymistake transfer money to NPA account holder then Bank has to take concerned of NPA account holder for release of Money or Bank itself is authorized to release the Money? Amount transfered is still in NPA account not withdrawal by Defaulter.. 

0 Reply Share Follow
On 24 February 2021 at 10:54 Report
Replies (1)
User Avatar

pro badge online

Finance/Compliance Consultant
69390 Points Posted on 02 July 2026

If you transferred money by mistake to an NPA account, you must contact your own bank immediately to report the error and request a reversal. The bank that holds the NPA account is the one authorized to handle the funds, not the account holder, so you must work through formal banking channels to request that the funds be frozen and returned to you.

Reply
On 02 July 2026 at 10:03

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Last Date To Fill ITR For Non-Audit Case
  2. Guidance Required on Filing Fresh Registration und
  3. IT Return Refund Status AY 2026-27
  4. Clarification Regarding Income Tax Demand Notice
  5. Online PAN Download: Check How?
  6. Demand of Late fee/Interest under section 75 of GS
  7. DSC registration on TRACES portal
  8. Can we get registered for MCA if we get a Virtual
  9. DONATION PAYMENT REG
  10. GST IDS Refund – Statement 01A: Invoice Not

More recent discussions | Post

Related Topics :

Loading