Can Scheduled Banks charge any amount on closure of a Savings Bank Account ??
Menu
Charges 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
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
Recent Threads
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
Related Threads
CAclubindia
