- What is lien balance?
- Can I open zero balance account in SBI?
- Do I get interest on lien amount?
- How can I know my SBI account balance?
- How can I recover my lien amount in SBI?
- How do you remove a lien amount?
- What is the minimum balance for SBI?
- What is monthly average balance in SBI?
- Which card is best in SBI?
- Who can put a hold on my bank account?
- What is lien in bank account?
- What is the lien amount in SBI?
What is lien balance?
Lien Amount simply means that the amount has been marked as hold and can’t be withdrawn from the account unless the lien is removed.
If the customer owes some dues to the bank on account of some non-payment, the Bank may mark lien/hold on that much amount..
Can I open zero balance account in SBI?
SBI’s zero balance account: The BSBD account comes with a free debit-cum-ATM card and a passbook without any charge, according to SBI. Zero balance account in SBI: BSBD account can be opened by any individual by taking up KYC verification.
Do I get interest on lien amount?
Yes! As long as the amount is marked lien, you’ll continue receiving interest on it. When the amount is allotted towards IPO, the amount is actually debited from the a/c.
How can I know my SBI account balance?
You can also check the balance by sending miss call to 09223766666 or sending SMS ‘BAL’ to 09223766666. As on March 31, 2020, SBI has a deposit base of over ₹32 lakh crore. The number of customers using internet banking facilities is 73.5 million and mobile banking services stand close to 17 million.
How can I recover my lien amount in SBI?
Login to your online banking account (www.onlinesbi.com) and click on “Requests” tab and select “State Bank Virtual Card” option. After you confirm the action, the lien on the amount will be automatically released.
How do you remove a lien amount?
If you legitimately owe money, you can have the lien removed by paying what you owe to a creditor or attorney. Once you settle the debt, then the bank will receive notice to release your funds. Your debt has been satisfied, the lien removed and you can access your bank account as usual.
What is the minimum balance for SBI?
Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas. Further, the bank used to levy a penalty of Rs 5 to Rs 15 + taxes on non-maintenance of average monthly balance as stated above.
What is monthly average balance in SBI?
State Bank of India (SBI)Branch typeAverage monthly balanceMetroRs. 3,000UrbanRs. 3,000Semi-urbanRs. 2,000RuralRs. 1,0001 more row•Nov 4, 2018
Which card is best in SBI?
Other Popular SBI Credit Cards in India for 2020Credit CardAnnual Fee (in Rs.)Best Suited ForAir India SBI Platinum Credit Card1,499TravelSBI StyleUp Contactless Card499ShoppingYatra SBI Card499TravelClub Vistara SBI Card PRIME2,999Travel & Rewards1 more row•6 days ago
Who can put a hold on my bank account?
How the deposit is made: Check holds can be triggered if you deposit your check at an ATM that is not owned by your bank or credit union. Suspicious activity: Your bank could put a hold on your check if they have reason to believe it’s uncollectible or if they suspect fraud.
What is lien in bank account?
A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. … A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien.
What is the lien amount in SBI?
Do you know what the Lien Amount is? In simple terms, the Lien Amount is the Lock Amount. SBI puts a lock on the amount, and the amount gets frozen. The account holders can’t withdraw the locked amount unless the bank removes the lien or lock.