Help regarding education loan

The first worry is about parent's pension.  Bank can not appropriate the pension of guarantor, be sure.

Inform all your commitments in writing to Bank, under copy to the next superior and also file grievance in on line portal.

Now that adequate collateral security is available and you have been continuing education, they may view the case sympathetically.  But remember to continue monthly repayment, as interest becomes heavy burden, and remitting even Rs.5,000/- per month shows your commitment.

This is not a litigation case and more a personal problem that can be settled with mutual discussions.

i directly come to your issue how to stop attachment of pension of your mom?

• answer is you can file any injunction suit to civil court or you may file writ petition in High Court what ever you like to stop attechment of pension and it is strongly against rule of law i.e. u/s 60 (g) C.P.C. (Code of civil procedure). which says "stipends and gratuities allowed to pensioners of the Govt. [or of a local authority or of any other employer], or payable out of any service family pension fund notified in the Official Gaz. by[the central govt. or the state govt.] in this behalf, and political pension;" 

Mr. Jambu 

as such i am reading your story i found that this perticular education loan has been taken by your parents but now you are able to pay or have become earned person hence you can ask your bank to put all the burdon of loan on you and you can do this according to respected G.L.N. Prasad and for this you have give them promisary note which should clearly states what you wanted to say or willing to do. and you should consult with bank legal department before doing this 2nd and you can also ask for removal of your parents out of this 

1st and very imporatant thing what is the rate of interest bank is charging you

2nd what is your loan monthly payment ammount kindly do notify us in your next replay

3rd be ready with promissory note 

4th I think you are not paying the loan amount monthly payment this is the single reason they are deducting your parents pension 

it is the only way you can remove your parents out of this  

Note :

If this is not happening just follow this:

change all account and create on joint account in bank only for loan repayment purpose and with the authorization just put the amount in that perticular bank account so that your parents can be saved out of this ..

thanks regard,

AS   per law they can;t attach your mother's pension. You give  aLegla notice to  the bank that soon after finishing your PG in General Medicine you'd stafrt clearing the loan in WEMI form.

Request them to consider your case sympathetically and give you some more time.,, If necessary approach Bank's Ombud's Man representing your caseina sympathetic mannerand get some  respite in time for payment of your dues and stop  attaching your mther's pension in viollation of the law.

T.