Banking

Can police seize bank accounts?

Yes, police in India can seize or freeze bank accounts under Section 102 of the Code of Criminal Procedure (now Section 106 of the Bharatiya Nagarik Suraksha Sanhita). This action is taken if an account is suspected to be linked to criminal activities, such as fraud, money laundering, or cybercrime. While a prior court order is not always required for freezing, the police must immediately report the seizure to the concerned Magistrate. Account holders can approach the court to unfreeze the account by providing necessary clarifications or security bonds.

Related Questions