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
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
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
