Lien balance meaning: A lien amount is

A lien amount is the money a creditor claims against an asset, held as security for a debt. Know about lien amount meaning , types, and calculation Explore the concept of lien amounts in SBI accounts—understand why liens are imposed, how to remove them, and get bilingual insights for better banking. 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 […] Lien Amounts are placed by SBI on your account against Virtual Cards, loans taken against term deposits, unpaid or overdue EMIs, or any tax liability that is still unpaid. These lien amounts can show up due to technical errors too. Have you ever checked your account balance and found that it was lower than the actuals? You check and find a LIEN being placed on some amount from your account? ‘What is a Lien ? ‘, ‘Why is it placed on your account?’, & ‘How can you remove it?’ A Lien ...