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Author Topic: Incorrectly deposited fund in bank account  (Read 266 times)

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Offline Jalal

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Incorrectly deposited fund in bank account
« on: July 02, 2017, 09:42:16 AM »
In recent past I've received a deposit of around 4 lakhs in my bank account due to some technical error. I've spent 2,50,000 out of it and the rest had been retrieved by the bank from my account. Now I've a balance of minus 2,50,000 in my account. What are the legal procedures/actions that bank would/could take against me for using this fund. Do I have to return this amount to the bank? I'm a student and I can't afford to pay this amount in a short span of time.

 

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