Unauthorized Lien by ICICI Bank

Please check the documents you signed while obtaining loan.  Banks normally get agreement from customers, which provide clause of agreement of blocking the account in the event of default.  If you have signed such agreement, read it carefully, if it does not contain, than you can make complaint to RBI. No  only that you can file consumer case and seek interim order to start the operation of account.

Thesse days, organizations are mechanical. They have no time to see what type of a customer they have. Their replies are routine, hide bound and executives at all levels are their Master's voices. They are very weak in logic or they are not concerned with it. They are more hide bound than even the Govt servants. The Ex Chairman of ICICI bank is very active on TV but the culture he left behind does not seem to be that great. Their operations are not inefficient, thanks to computeriztion, but there is nothing more to speak of.

Better pay of the Emis as per their record and if any excess is paid, fight for interest, and, if possible, claim damages. That way, you will save heavy interest. 

Ok I would like to make a point, when the loan was take I did not even have an ICICI Bank Account and the ECS payments were paid through IDBI Bank account and hence even if they have the mandate its for IDBI Bank.

Also I made several request to settle the same but no one from them have paid any heed they are acting like bullies.

Regards,

Samir

Banks have authority under the Banker's lien on other deposit accounts and right of set off. Howerver you submit a detailed letter to ICICI Bank and get a copy duly acknowledged. ask the to give you a reply in writing.your account will be operative if the balance is more than the amount earmarked  under the lien. you request for the attasted copies of the loan documents. it is your right. you can approach consumer court for redresal of your grievence once you get a reply from the bank and copies of loan documents.

I had written to the management of ICICI through email and they had asked me wait for a week so that they could reply to my query. But its more then a week and I am yet to receive a reply.

I had also received a loan payment statement which showed a emi being bounced and after that cheque for the emi also being bounced but the cheque was issued from an ICICI bank account and it was never deposited and moreover the date shown when the cheque bounced there were funds in my accounts for it to clear. It shows clearly there was an error on their part. (screenshots of the same attached)

Yet instead of acknolodging their mistake they went ahead and debited my account.

I would request some to help me with how can I approach the RBI and file a formal complaint with them.

Awaiting someone to help me out