What is Lien Amount in State Bank Of India (SBI) Account? Steps to Remove & Meaning in Hindi

Users who frequently utilize net banking should be familiar with a few words that are used by the State Bank of India. One of the most frequently used terms by SBI is “Lien Amount”. In this article, we’ll talk about the State Bank of India phrase “Lien Amount.”

What is Lien Amount?

“Lien amount” in a State Bank of India (SBI) account refers to the amount that is marked or frozen by the bank for a specific period, usually to secure a loan or credit facility.

When a lien is placed on an account, the funds in the account cannot be accessed or withdrawn until the lien is removed by the bank. The lien amount is typically equal to the amount of the loan or credit facility that the account is being used to secure.

The State Bank of India, usually known as SBI, is a statutory organization that offers banking and financial services to the public sector. Mumbai serves as the SBI’s administrative center. Indians have continually placed the most trust in the bank over the years because it has been offering its services for more than 200 years.

In SBI, the “Lien Amount” is typically used to stop an account’s transactions. Lien Amount can be summed up as Lock Amount. Until the State Bank of India releases the lien or lock on that specific bank account, users cannot withdraw funds from the locked amount.

SBI Lien Amount Meaning in Hindi

लियन राशि बैंकिंग उद्योग में एक शब्द है जो एक बैंक द्वारा एक ऋण या क्रेडिट सुविधा को सुरक्षित करने के लिए अस्थायी रूप से ब्लॉक किए गए फंड की राशि को संदर्भित करता है। भारत के सबसे बड़े बैंकों में से एक, स्टेट बैंक ऑफ इंडिया (SBI) में लियन राशि को आमतौर पर ऋण और अन्य क्रेडिट सुविधाओं को सुरक्षित करने के लिए उपयोग किया जाता है।

जब एक लियन एसबीआई खाते पर लगाया जाता है, तो खाते में उपलब्ध धनराशि को तब तक उपयोग नहीं किया जा सकता है जब तक कि बैंक द्वारा लियन को हटाया नहीं जाता है। यह ग्राहकों के लिए भ्रम और उत्सुकता का एक स्रोत हो सकता है, लेकिन यह बैंकों के लिए रिस्क प्रबंधन और उचित रूप से ऋण और क्रेडिट सुविधाओं को सुरक्षित करने की एक महत्वपूर्ण तंत्र है।

Reasons for SBI Lien Amount – Why does SBI Do So?

  • A consumer must have the minimum required balance in their bank account, per State Bank of India regulations. Customers who don’t keep the required balance will be penalized by the bank. However, the bank will place that account on Lock if it doesn’t have a sufficient amount.
  • A customer who made a fixed deposit as collateral for a loan will never be able to get their money back since the bank will view that deposit as a lien.
  • In any case, the State Bank of India will lock the account if a customer fails to make the loan EMI.
  • If a mistake is discovered, the State Bank of India may also put a lien amount on a check or draught.
  • If someone doesn’t pay their taxes on time, SBI may potentially place a lien on their property.
  • Visit the SBI Branch if the Lock Amount for a regular account is occasionally shown owing to technical problems.

All banking services will not be offered if a lien amount is present on a specific account until the consumer pays the lien.

If there is a lien against your account, you cannot make a payment by check or online banking. You can solve the problem by getting in touch with the branch officers. The State Bank of India will reactivate your banking services if you only pay the fees or penalty.

Lien Amount Meaning in Hindi

लियन राशि लॉक राशि है। राशि एसबीआई द्वारा लॉक की गई है, और फिर इसे फ्रीज कर दिया गया है। लॉक किए गए पैसे को खाताधारकों द्वारा तब तक नहीं निकाला जा सकता जब तक कि बैंक ग्रहणाधिकार या लॉक जारी नहीं करता।

Lien Meaning in Tamil

லைன் தொகை என்பது பூட்டுத் தொகை. தொகை SBI ஆல் பூட்டப்பட்டது, பின்னர் அது முடக்கப்படும். வங்கி காப்புரிமை அல்லது பூட்டை வெளியிடாத வரை, பூட்டப்பட்ட பணத்தை கணக்கு வைத்திருப்பவர்களால் திரும்பப் பெற முடியாது.

Lien Meaning in Telegu

తాత్కాలిక మొత్తం అనేది లాక్ అమౌంట్. మొత్తం SBI ద్వారా లాక్ చేయబడింది మరియు అది స్తంభింపజేయబడుతుంది. బ్యాంకు తాత్కాలిక హక్కు లేదా తాళాన్ని విడుదల చేస్తే తప్ప లాక్ చేయబడిన డబ్బును ఖాతాదారులు ఉపసంహరించుకోలేరు.

How to Remove Lien Amount in SBI?

If your account is burdened by a debt owed to ASBA and you want the lien to be removed right away, you must submit a withdrawal request to the IPO’s registrar. In the case that you are not allotted any shares in the IPO, the lien will be lifted from your account if you can wait.

As a direct result of this, your offer will be cancelled, and the SCSB (Self-certifies Syndicate Bank) will be told to release your cash. If a virtual card put a lien on your account, you can delete the card from your account, and the lien will be erased right away. The card will expire in 48 hours and the lien will be removed immediately.

In Hindi, “lien amount” is called “लियन राशि” (Lien Rashi). To remove a lien amount from an SBI account in Hindi, you can say “मेरे एसबीआई खाते से लियन राशि हटाने के लिए कृपया मदद करें” (Mere SBI khaate se Lien Rashi hatane ke liye kripaya madad karein).

Steps to Unlock Lien Amount in SBI

If the bank marks your account for the bank’s lien amount due to a system error or a small mistake, customers can visit the bank’s office and ask them to fix the problem and inquire about the situation. The bank might have left the mark there.

The bank would be pleased to help you as quickly as possible, and after doing so, they will take care of the problems and erase the amount mark that was added to your account as a result of the lien.

The transaction procedure from that specific account will be disrupted if any customer or account holder at SBI or any other bank marks the account as a lien amount.

And suppose you fail to pay the penalty that was tacked on top of the total. In this case, if you have more than one account with the same bank, the money will be taken out of that account.

Can you withdraw the lien amount?

No. You cannot withdraw the lien amount until you settle the dues. Until the lien is lifted, you cannot withdraw or use the lien amount, and cheques issued on that account may bounce.

I hope this post was helpful to you. Keep reading!