Charges on closure of a Savings Bank Account ??

Can Scheduled Banks charge any amount on closure of a Savings Bank Account ??

Replies (9)

yes banks will charge the charges on closure if the account is closed within a year

Yes they charge if you closed your account before one year from the date of account opening. It may be Rs. 105/--125/-
 

But what if I'm maintaining the Savings Bank Account since year 2000?

simple, go to bank and ask there

if ur balance has been lower than the minimum A.Q.B, then additional charges will be levied...

Hai jeet

 

what is A.Q.B,

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) ,
"

A.Q.B-average quaterly balance

 

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details