Hello friends, in this post we are going to tell you what is lien amount and how to check lien amount and why and when banks keep lien amount.
What is Lien Amount?
There is a process of Lien Amount Bank, in which all the banks lock the Lien Amount, from which you cannot withdraw the Lien Balance from the Bank Account.
The account holder cannot withdraw or use the lien amount until the bank removes the lien amount lock. The bank keeps the lien amount for the security deposit.
If you are facing any problem in understanding then you can watch the video below of okshakti youtube channel for more information.
How to check Lien Amount?
To check lien amount, you can check in Internet banking or mobile banking or Passbook. Lien amount is added in lien section of your bank account.
When do you keep Bank Lien Amount?
Mostly what has been seen is that the Lien amount is the problem that comes if you have not paid the loan EMI,
if you have already taken the loan and that loan is linked to your bank account and you are not paying the loan EMI, then what is the bank According to the loan, they put the amount in the lien amount.
Which you cannot withdraw i.e. the bank account gets held because of the lien amount,
if there is no amount in your bank account, then the bank reduces your amount in (-₹) minus and whenever you If you put money in your bank account, then the money (- ₹) becomes minus, it goes into the lien amount.
How to withdraw Lien Amount?
You cannot withdraw the lien amount or balance, if it is very important for you to withdraw the lien amount, then you have to go to your bank branch and talk to the bank.
If the bank does yes to remove the lien amount, then the bank removes the lien amount from the hold or removes the lien amount from the section of the lien amount.
Frequently Asked Questions
What is the Hindi meaning of lien amount?
The Hindi meaning of lien amount is ” lien amount “. The Hindi meaning of lien is ” lien ” and the Hindi meaning of amount is ” amount “.
What is lien amount in SBI in English?
The lien amount in SBI refers to the amount on which the bank has held its hold. The amount that is frozen and you cannot withdraw or use those funds until the lien is removed. The bank may impose a lien on a specific amount in one account or on the entire account.
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