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Charges on closure of a Savings Bank Account ??


Prabeer (B. COM (H) CA & CS Final)     15 December 2008

Prabeer
B. COM (H) CA & CS Final 
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Can Scheduled Banks charge any amount on closure of a Savings Bank Account ??

Sujay C Deshpande (article)     15 December 2008

Sujay C Deshpande
article 
 80 points

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


(Guest)

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

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Prabeer (B. COM (H) CA & CS Final)     15 December 2008

Prabeer
B. COM (H) CA & CS Final 
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But what if I'm maintaining the Savings Bank Account since year 2000?

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CA. Rajeev Aggarwal (Chartered Accountant)     15 December 2008

CA. Rajeev Aggarwal
Chartered Accountant 
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simple, go to bank and ask there

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Jeet Biswas (ACMA (in Service))     15 December 2008

Jeet Biswas
ACMA (in Service) 
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if ur balance has been lower than the minimum A.Q.B, then additional charges will be levied...

P.L.PRASAD (SERVICE)     19 December 2008

P.L.PRASAD
SERVICE 
 94 points

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Hai jeet

 

what is A.Q.B,

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A-G-V (Student)     06 February 2009

A-G-V
Student 
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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) ,
"

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DUSMANTA BARICK (Company Secretary)     22 September 2015

DUSMANTA BARICK
Company Secretary 
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A.Q.B-average quaterly balance

 

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Miss Rinkal (Student)     25 September 2015

Miss Rinkal
Student 
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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


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