Demand Notice From Bank

Asked in Banking

  • ************A

    Jamshedpur

Expert's Answers(8)

  • Advocate Manasmita Nanda

    Rourkela, Odisha
      2 Client Ratings

    its a formal reminder and even aftr that if you are not responding to the same nd not paying the installment then the bank can take a strict legal action.

    December 20, 2018
  • Advocate Vivek Pal Tiger

    Allahabad, Uttar Pradesh
      2 Client Ratings

    if you are not pay the all emi then bank is send to you a notice for pay the emi. if you not pay emi after a notice then bank is doing legal process.

    December 5, 2018
  • Kishan Dutt Kalaskar 40 years Exp (Retired Judge)

    Bengaluru Urban, Karnataka
      187 Client Ratings

    If you have paid all the EMIs then get issue a legal notice.

    November 30, 2018
  • it's legal notice . A BANK can send legal notice and you act according to BANK notice.

    November 30, 2018
  • Advocate N Karthikkanna

    Madurai, Tamil Nadu
      60 Client Ratings

    All Demand notices are all legal notice in sense.. If it's a housing loan then following POSSESSION (under SARFAESI ACT) is expected around 60 days of default.. for further assistance, leave feedback and book for consultation .

    November 30, 2018
  • Kishan Dutt Kalaskar 40 years Exp (Retired Judge)

    Bengaluru Urban, Karnataka
      187 Client Ratings

    Dear Sir, A Bank can send legal notice or demand notice or reminder. You have to act accordingly. However you must make clear that the Bank cannot recover its dues without approaching a Civil Court, by using force. For full procedure contact me on mobile through the Administrators of this Website.

    November 30, 2018