Can Scheduled Banks charge any amount on closure of a Savings Bank Account ??
Charges on closure of a Savings Bank Account ??
Prabeer (B. COM (H) CA & CS Final) (5484 Points)
15 December 2008
Sujay C Deshpande
(article)
(80 Points)
Replied 15 December 2008
yes banks will charge the charges on closure if the account is closed within a year
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 15 December 2008
But what if I'm maintaining the Savings Bank Account since year 2000?
CA. Rajeev Aggarwal
(Chartered Accountant)
(3419 Points)
Replied 15 December 2008
simple, go to bank and ask there
Jeet Biswas
(ACMA (in Service))
(5073 Points)
Replied 15 December 2008
if ur balance has been lower than the minimum A.Q.B, then additional charges will be levied...
A-G-V
(Student)
(571 Points)
Replied 06 February 2009
| Originally posted by :P.LPRASAD | ||
| " | � But i wanna know yet another thing, Does the RBI norms of banking is applicable for pvt. banks like ICICI bank or Citi or HSBC? Because pvt. banks always charge high amounts for account closure irrespective of the period(even if it is 3 yrs or more) , |
" |
DUSMANTA BARICK
(Company Secretary)
(33 Points)
Replied 22 September 2015
A.Q.B-average quaterly balance
Miss Rinkal
(Student)
(1304 Points)
Replied 25 September 2015
No banks cannot charge for closure of accounts if it is held since 2000. If it inoperative or dormant or non maintainence of balance charges could be levied
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
