Asked in Banking
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.
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.
If you have paid all the EMIs then get issue a legal notice.
it's legal notice . A BANK can send legal notice and you act according to BANK notice.
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 .
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.
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