Hi .. I am holding CC account in City Union Bank for a limit of 60L.. due to high rate and help from bank (not ready to reduce the rates as offered by other banks) I am planning to move to another bank..
When I approached bank with this plan they informed me that I wil be charged 2% for closure or takeover my account. Which is a shocker for me ...
Can you please clarify below
My plan is to do a take over to another bank but considering the takeover change I am looking for alternate option like below
1.do I need to pay 2% charges even if I close my account by paying the utilised amount ?
2. If I plan to close my account exactly during my renewal can I avoid those charges and simply close them ?