Can my salary in my corporate salary account be blocked?

Question

Guyz, I need your help desperately.
I have had credit card from ICICI bank 3 years ago and i continued to pay minimum balance for over a year but the principle amount stood there so i decided to discontinue paying rest of the some and i discontinued the salary account as well. So i never paid my outstanding balance on credit card.

Now It's been a year i am working with different company a different corporate salary account (new account) with ICICI bank again.

After serving this company for a year, suddenly out of blue ICICI bank realized that this is the same guy who owe us big time on credit card and they BLOCKED MY THIS MONTH's SALARY.

Now i am talking about two different accounts here but with the same bank. The question arises:

Can a bank block one's salary from his/her salary account which is not at all linked with his/her's credit card or previous accounts in the same bank to recover any outstanding dues?

Guyz i need your advice to solve this issue.

Answer 1

In the United States they can not do that without a court ordered judgment.



Unless it's hidden in their terms and conditions and you signed it.

Answer 2

Wow enjoyed reading your question. First of all u have committed a theft by not paying back the money u actually owe ICICI bank ( u have already written so ). And then u have had the stupid idea of opening an account in ICICI bank again. I really congratule ICICI bank staff who caught on to u.

u tell me why ICICI bank should not try any means to recover their money.

But i do admire your guts that u have publicaly accepted that you HAVE NOT PAID THE MONEY THAT WAS ACTUALLY DUE TO THE BANK.

brave guy

Answer 3

Certainly yes! You owe them and the bank has a legal right to retain what is with them towards money owed ( Lien). Now, they can proceed against you legally and get a garnishee order even if your account is with some other bank. Think before you spend and the lure of plastic money is dangerous- the bank will be charging you 36% interest p.a. May be it is better to enter into a compromise and agree to pay with at 14% interest with in a year. Enter into a dialogue with the bank instead of running away after taking their money.

Answer 4

Dufus.......We need Tax Cuts extended for all. We do not have a healthy economy and those rich people invest in the market, create jobs, give big donations to charity etc. We need to get the money moving not stagnate it anymore. Don't worry though....the new people are not in office yet and on Jan.2 they will work to get you your tax cut so you can hire and expand your business. P.S. Why did the Dems lock out the Republicans on the Health Care Control Bill? By the way CEO's and very wealthy people pay 40% of the entire tax burden. Then those corporations also pay huge amount of taxes. Why did many go overseas?

Answer 5

Obviously, it depends on where you live.



If you are in America, I do not believe that is legal. They would have to have a court order to garnish your wages. The issue with you owing them money is separate from your employment. Sort of like how custody with kids works. Custody and child support are different legal issues. You cannot deny a visit simply because the other parent hasn't paid the support.





Contact your Department of Labor.

Answer 6

Yes, somewhere in the fine print of the agreement you signed, it says the bank has the right to take money from your other accounts to pay them. They don't need a judgment or court order since it's part of your contract terms.



At least this will take care of that old debt. Don't you feel better paying what you owe.

Answer 7

if you are in india then i guess this is a very common problem. Though it is Illegal in nature, but it happens very often. Unless and until mentioned in the form (or is the amount due with them is same or more than the salary you have received for that month) they have no right to do so. you have to first check there terms and condition and then if you see that you are on the right side you can go for legal actions.

Answer 8

It sounds like they did it so, I guess they can. Too bad so sad you should have paid your bills.