A week ago, I was discussing banking rules with my childhood friend, a banking employee. I heard from my neighbour that banks don’t always give money, so I asked him, can a bank refuse to give you your money. He said yes, but under certain circumstances. I have shared the reasons below.
Can Banks Refuse to Give You Your Money?
Yes, an Indian bank has the right to refuse to give you your money. Your money at a bank is typically regarded as a demand deposit, so you can take it out whenever you want. But, there are some circumstances in which a bank may lawfully refuse to give you your money or postpone doing so. The reasons are as follows:
Insufficient balance in your account.
Frozen account because of suspicious activity.
If a cheque is drawn on a non-issued book or other cheque issues.
Not updated Know Your Customer (KYC) details.
You default on loans taken from the same bank.
My friend said you can often take your money out at any moment. However, the bank may deny temporarily or permanently until the matter is settled if there are regulatory constraints, fraud suspicions, legal holds, etc. If such issues arise, always contact your bank.
Get Loan Up to 10 Lakhs Instantly into Your Account with NB InstaCash.
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Can a Bank Refuse to Give You Your Money?
Shubhi763
118 Views
1
5 months
2025-09-01T15:13:58+00:00 2025-09-01T15:13:59+00:00Comment
Share