Banks service charges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2013
dear members,
what are the rights/ powers with banks for collection of service charges on closure of account
and what if service charges exceed account balance
please reply with link if any
thank you in advance.
what are the rights/ powers with banks for collection of service charges on closure of account
and what if service charges exceed account balance
please reply with link if any
thank you in advance.
03 June 2013
There is no specific norm for charging service charges for closing of bank account. Each bank have fixed nominal charges which varies from Rs. 250/- to 500/- depending on the nature of the account you are maintaining. If at the time closer of the account your account exceeds the balance in your account, you have to clear your account and only after your dues become zero the bank will issue no dues certificate. The other option with you is do not close the account keep Rs. 50/- as the balance and forget about the account. After lapse of time this account will automatically be closed but if it is loan account and you have given collateral then it is not possible and you have to clear the dues to take your papers for collateral.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- Filling ITR - U
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
