The lien amount in the State Bank of India (SBI) refers to the portion of your funds that are held as security against a loan or any obligation you have with the bank. Essentially, when a bank places a lien on an account, it restricts the withdrawal of that specific amount until the loan is repaid or the obligation is fulfilled.
For example, if you take out a loan from SBI and the bank requires a certain amount to be kept as a lien, this means you won’t be able to access or use that money while the lien is in effect. This is a way for the bank to safeguard its interests and ensure that they have a form of collateral in case the borrower defaults on the loan.
In summary, the lien amount serves as a protective measure for the lender while also impacting the borrower’s available balance in their account.