How Bank Recover Money from NPA Accounts

0 Comments

How Bank Recover Money from NPA Accounts


Whenever any account turned into NPA accounts, bank start hard recovery process with legal actions. In this video i have explain about the various steps that a bank can take against defaulter borrowers.
Some of the action which can be taken by bank are :

1. Issuing Reminder Letter for EMI dues
2. Issueing Legal Notice from advocate
3. Cheque bounce case under NI act section 138
4. Auction of car, home , gold in case of secured loan
5. Filing CIVIL Suit in court for recovery.

Murari Garg
9717550964( Whatsapp)
Telegram Group : https://t.me/gargmurari

#npaaccount #bankrecoverprocess #npa #loanrecover #legalaction

Leave a Reply

Your email address will not be published.