Guarantor in npa personal loan

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2014 I am no. 1 guarantor in a personal loan of Rs. 25000/- and with interest it become around Rs. 50000/-. I have Rs.450000/- FD in same bank. Now bank hold my fund telling me personal loan in which I am guarantor is NPA account.
Please help to know whether any co operative bank or any bank can hold the fund of guarantor without taking any legal action against NPA borrower. Please give me references to withdraw my money.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 January 2014 see if this helps you https://www.business-standard.com/article/pf/bank-does-not-have-lien-over-the-guarantor-s-funds-111091500091_1.html

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