Finding an unexpected lien amount on your SBI bank account can be an unsettling experience. After all, it restricts access to your hard-earned money when you need it the most. Having a lien means you cannot withdraw, transfer, or use a certain amount in your account – it is effectively frozen. This can disrupt your financial plans and ability to pay bills or make purchases when required. Fortunately, with the right approach, removing a lien amount from SBI is possible.
This comprehensive guide will act as your roadmap to understand lien amounts and how to successfully get them removed from State Bank of India accounts. We cover everything from lien meaning, reasons for lien, steps to check account lien status, documents required, and time taken to remove lien. Whether the SBI lien is due to missed loan EMIs, IPO applications, technical glitches, or other reasons, you will find a solution here. Read on to empower yourself with knowledge and ensure you can unlock your account by lifting lien amounts restricting your access to your own funds.
Table of Contents
What is the Lien Amount?
A lien amount is a locked or frozen amount in your SBI account that you cannot access for transactions. The bank authorities restrict access to this amount for a period. The entire account balance can be locked as lien amount.
Lien Amount Meaning in Hindi
लीन राशि आपके एसबीआई खाते में एक लॉक या फ्रोजन राशि है जिसे आप लेनदेन के लिए एक समय के लिए उपलब्ध नहीं करा सकते। बैंक अधिकारी इस राशि तक पहुंच को प्रतिबंधित करते हैं। पूरा खाता शेष भी संभावित रूप से लीन राशि के रूप में लॉक किया जा सकता है।
Why Does SBI Put Lien on Accounts?
There are several potential reasons for SBI to lock your account by marking it as Lien:
- Non-payment of minimum account balance penalty charges
- Missed loan EMIs
- Cheque/draft issues
- Suspected fraudulent transactions
- Non-payment of taxes
- Loan security fixed deposits
- Credit card dues
- Technical glitches
SBI has the right to place Lien to protect its interests when terms and conditions are not met.
How to Check if an SBI Account Has Lien?
Follow these simple steps to check if your SBI account has a lien amount:
- Log in to SBI net banking or SBI YONO app
- Go to account summary/statement section
- Review account balance details
- If there is a lien, it will show as ‘Amount under lien.’
You can also inquire about lien amount by calling SBI customer care or visiting your home branch. The bank staff will be able to confirm if there is any active lien on your account.
What are the different types of Liens in SBI Account?
SBI, the State Bank of India, provides various types of holds or liens on accounts for different purposes. Here, we present some prevalent liens found in SBI accounts:
1. Overdraft Lien: This particular lien secures an overdraft facility in an account. It allows the account holder to withdraw funds exceeding the available balance, up to the sanctioned overdraft limit.
2. Loan/Credit Lien: SBI may place a lien on an account to safeguard a loan or credit facility taken by the account holder. This ensures that the bank holds a claim on the funds in the account to recover the outstanding loan amount.
3. Fixed Deposit Lien: When a fixed deposit (FD) is linked to a loan or credit facility, SBI may impose a lien on the FD amount to secure loan repayment. The FD cannot be prematurely closed until the loan is fully repaid.
4. Tax Recovery Lien: In cases of tax liabilities or recovery proceedings initiated by the Income Tax Department or other government authorities, SBI may impose a lien on the account to prevent withdrawal or transfer of funds until the tax dues are settled.
5. Guarantee Lien: SBI can impose a lien on an account to provide security or guarantee for third-party transactions, such as letters of credit or bank guarantees.
It’s important to note that the specific liens available and the associated procedures may differ based on account type, purpose, and the terms and conditions set by SBI or other relevant regulations. For detailed information regarding liens on your specific account, we recommend contacting SBI directly.
How To Clear Lien Amount in SBI Account
The process to remove SBI lien amount depends on why it was marked in the first place. Here are the general guidelines:
Lien Due to Non-Payment of Dues
- For missed loan EMIs, credit card bills, taxes or penalties – clear the outstanding payments immediately along with any interest to get the Lien removed.
Lien Due to Fixed Deposit Security
- The Lien will continue for FDs locked as loan security until the loan tenure is completed. You need to repay the entire loan to release the FD from Lien.
Lien Due to Technical Reasons
- For system errors or glitches, visit your SBI branch and request the staff to rectify and release the lien amount.
Lien Due to IPO Application
- If the Lien was marked for IPO application through ASBA, request cancellation of IPO bid by writing to the registrar.
- If allotment is already completed, the bank will remove the Lien automatically.
Lien Due to Virtual Card
- For virtual card-related Lien, cancel the virtual card through SBI net banking.
- The card will get deactivated within 48 hours along with lifting of Lien.
Unsure About Lien Reason
- If you need clarification on why the Lien was imposed, contact SBI customer care or visit your branch.
- The staff will explain the reason and removal process. You can then take action accordingly.
How to Remove Lien using Net Banking?
SBI net banking provides an easy way to raise a request for removing lien amount:
- Login to Retail Internet Banking
- Go to ‘Requests’ section
- Select ‘Others’ request category
- Choose ‘Remove Lien’ request type
- Enter remarks and submit
The branch will receive the request and remove the Lien if you have paid relevant dues.
Documents Required to Remove Lien
Typically no documents are required from your end to remove SBI lien amount. However, in select cases, the bank may ask for any of these documents as proof:
- Evidence of loan closure
- Tax payments receipts
- Virtual card cancellation confirmation
- IPO withdrawal acknowledgment
- Minimum balance maintenance proof
Visit the branch with required documents to expedite lien removal process.
How Much Time Does SBI Take to Remove Lien?
SBI usually removes the account lien amount within 1-2 working days after your dues are cleared or withdrawal request is processed. In rare cases, it may take up to 7 working days if additional verification is required.
You will get an SMS notification from SBI when the lien amount is finally released and you regain access to the funds. The bank staff can also confirm over phone or net banking if the Lien has been removed.
Can I Withdraw the Lien Amount from ATM?
No, you cannot withdraw the lien-marked amount from an SBI ATM. The ATM will decline any withdrawal attempt from the blocked funds under Lien. You must get the Lien removed first by the bank through branch/net banking. Only after that can you access the formerly locked amount via ATM.
Whom to Contact for Lien-Related Issues?
Here are some SBI contacts that can help resolve your lien amount queries and grievances:
- SBI branch manager
- SBI customer care toll-free numbers – 1800 112 211 or 1800 425 3800
- SBI customer care email – customer.care@sbi.co.in
- SBI corporate care toll-free – 1800 1234 499
- SBI grievance redressal email – cms.sbi@sbi.co.in
- RBI banking ombudsman (for unresolved complaints)
Visiting the home branch and meeting the manager is the fastest way to get lien removal assistance for your SBI account.
FAQs About SBI Lien Amount
What is the meaning of lien amount in SBI?
The lien amount refers to a specific frozen amount in your SBI account that you cannot withdraw or transact with for some time. Due to repayment issues, the bank locks access to those funds as a lien.
How can I remove Lien online from my SBI account?
You can request a lien removal through SBI net banking under the ‘Requests’ section. Select ‘Remove Lien’ and submit the request. The bank will process it if your dues are cleared.
I have a Lien due to a credit card default; how do I remove it?
Clear the outstanding credit card bill payment along with interest to get the Lien removed from your account linked to the credit card.
My account has a Lien due to an IPO application. What should I do?
Submit a withdrawal request to the IPO registrar, who will instruct SBI to remove the lien after canceling your application.
Can I withdraw cash from the ATM if my account has lien amount?
You can only withdraw the lien-marked amount from SBI ATMs when the bank removes the Lien and unblocks your account.
How many days does SBI take to remove lien amount?
SBI removes Lien from account within 1-2 working days in most cases after repayment of dues. In rare cases where additional verification is needed, it may take up to 7 working days.
Conclusion
Dealing with a lien amount on your SBI savings or current account can be stressful since your access to your own funds is blocked temporarily. Thankfully, by equipping yourself with knowledge of lien removal procedures, you can take appropriate steps to get the problematic lien eliminated in a few days once any pending dues are cleared. SBI provides multiple suitable channels to request unlocking of lien amounts – including visiting the branch, using net banking grievance portal, calling toll-free customer care, or emailing designated grievance resolution officers. With the right information and persistence, you can successfully remove the SBI account lien amount and regain access to your hard-earned money when you need it.
Thanks for the helpful guide on removing lien amounts from SBI accounts. Empowering individuals to regain access to their funds is crucial. Great job!
Thank you! It’s really rewarding to know that I’m helping people get back on track financially.
Pilaz reply your mara account sa pisha kata hai ap Kay padshat sa has been marked
Sir mara account sa pisha kata hai app Kay bafshait sa p
My sbi account no. 10823981028 Has lien amount of rs. 53,459/- I have balance to be pay my loan premium rs 53,459/-. Kindly remove my lien amount.
very good, explained well…. thanks a lot….
I have lien amount of 6200 but I have talked in my branch he told that here it is not fault . I have updated my kyc also .
Please help me for this .
Some one is sending money but In my account I am showing 0 balance
My FD account so line amount please release my amount
I transferred money to my Friend’s Lien marked account unknowingly. He is not able to pay the EMI loan he has taken through bank. How can I retrieve my money back from my Friend’s account?
Lien amount of Rs. 1860 is standing in my Account 11071477456 from a longtime. Kindly unlock this amount as soon as possible.
Sir i kept one gold to Bank and then take loans to Bank We not paid in that now I will clear my loan with my marked lien amount it was happening clear or not
Kya bank branch apne higher bank ke kewal kahne pe paisa hold pe dal skta h kisi holder ka
sir document jama karne ke bad Bank mein kitne Dinon ke bad hold remove hota hai
Sir mera A/c me hai 3000 but 1000 show kar raha hai kya kiya jay sir plz reply
lunch ke baad counter no 4 pr pata krna
Sir AUCA ka matalab keya hai
Ess ka salutations keya hai please?