What Is a Lien on Bank Account and How to Remove It in India? Advocate Ayush Garg | 8273682006
A lien on a bank account means that a certain amount in your account is blocked by the bank and can not be used. This usually happens when there is a pending loan, credit card dues, or legal obligation. Understanding What Is a Lien on Bank Account and How to Remove It in India is important so that you can take the right steps to access your funds again. What Is a Lien on a Bank Account? A lien is a legal right given to the bank to hold a part of your funds until a liability is cleared. When a lien is placed, the blocked amount cannot be withdrawn or used for transactions. For example: If you have an unpaid loan, the bank may mark a lien on your account If there are pending dues, funds can be blocked until payment is made This explains clearly What Is a Lien on Bank Account and How to Remove It in India in simple terms. [maxbutton id="1" url="https://wa.me/8192022006" text="HELPLINE NUMBER" ] Also Read- How Do I Activate My Frozen Account Online? Why Do B...