Hi,
If I close a bank account in xyz bank as the bank does not have a branch in abc country do the bank deletes all the record while closing the account.
Thanks & Regards
Sanjay Pandey
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Bank account
Replies (4)
no info is deleted...
After closure of your accounts, the bank freezes your details. It will not delete the information for a specified period of time, as mandated by the regulator in various countries / jurisdiction.
Thanks For the info.
Can you please tell what is the period in indian banks after which information is deleted.
Thanks & Regards
well... they are reqd to preserve details for 8 yrs but normally it is kept for longer period. in few branches i have personally seen during statutory audit that records of 90s were also preserved properly.
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