LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Jayanti Devi (Student)     17 February 2025

Bank locker agreement dispute

bank locker is in inoperative state for 5+ years.
in locker agreement name of mother son and daughter there.
mother expired
bank sent notice to son with new locker agreement requesting signatures of son and daughter.
Son signed but daughter stays out of state and refused to sign.
meanwhile bank freezed account as per new rbi guidelines due to non execution of locker agreement
bank clearly informed that without agreement execution bank wont allow to transact on account as per new RBI guidelines

Now, son cant transact on account. Account is in name of mother and son. mother expired but son cannot transact due to non execution of locker agreement.

What shud son do ? Any legal solution? becoz daughter is refusing to share her address also where communication can be pursued..and son cant transact on account.



 4 Replies

T. Kalaiselvan, Advocate (Advocate)     17 February 2025

You issue  legal notice to the daughter to cooperate for signing the fresh agreement as mandated by bank in this regard.

Let the notice be addressed to the last known address and be returned undelivered after which you can approach court with a suit for mandatory injunction against the bank seking direction to the bank to permit you to operate and renew of enter into fresh agreement without the daughter by following other formalities in this regard 

P. Venu (Advocate)     17 February 2025

"meanwhile bank freezed account as per new rbi guidelines due to non execution of locker agreement"

What is the source of this information? Have you ascertained it is authentic?

Jayanti Devi (Student)     17 February 2025

yes bank branch refused to transact a withdraw.on calling customer care they confirmed a partial freeze on acccount to disallow transactions.

T. Kalaiselvan, Advocate (Advocate)     18 February 2025

If it is a joint account then either of the account holder can pass instructions to bank to freeze the account particularly if there's a dispute or concern about potential misuse of funds, but the bank will likely require a valid reason and may need to notify all joint holders. 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register