AXIS BANK INFORMATION URGENT

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Deal Subedar
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i am not maintain the minimum balance of 10k in my axis bank saving account.
so i withdraw my all money by upi.
now they charged me negative 590 balance.
i am also not closed the account.
so plase hel me . i dont want this shitty account.
plz give suggestion how to get rid of it

20 Comments  |  
12 Dimers
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Deal Cadet
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Don’t use the account, it will die in 2-3 years, it will go dormant. You don’t have to use or pay for the account. But remember you won’t be able to use axis account again, if you do want to, you will need to pay those fees then.

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Deal Lieutenant
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Thats ok. Just leave this account. You cant use axis savings account again. Thats all

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Deal Cadet
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jitz wrote:

You cant use axis savings account again.

Is it like he will be banned from Axis bank permanently or can he open new savings account?

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Deal Subedar
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2016
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Guy_Next_Door wrote:

Is it like he will be banned from Axis bank permanently or can he open new savings account?

blacklisted in axis network !!
better to pay dues and close..

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Deal Cadet
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Guy_Next_Door wrote:

Is it like he will be banned from Axis bank permanently or can he open new savings account?

He’ll have to close dormant accounts(pay the dues) & then open a new acc.

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Community Angel
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According to RBI, Bank can not do minus balance for non maintenance of minimum average balance. You should search it from RBI website & show it to bank. Ask them to close account without taking any charges. Bank can not charge after account balance is 0.

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Deal Newbie
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I have also axis bank account and they compels to maintain Minimum average balance. I have downloaded the form to close the account.

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Deal Subedar
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Once I Had Low Balance In Kotak. Then I Called Them And Informed About The Same They Quickly Raised A Ticket And Refund The Money And Asked Me To Maintain Balance Further.

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Deal Cadet
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Transfer the account to your enemy.
Just add nominee as your enemy or xhirlfreind name.
After you die they will have to settle

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Deal Subedar
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kirandr221996 wrote:

Transfer the account to your enemy.
Just add nominee as your enemy or xhirlfreind name.
After you die they will have to settle

Good suggestion

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Pro Critic
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_One_Miller_ wrote:

According to RBI, Bank can not do minus balance for non maintenance of minimum average balance. You should search it from RBI website & show it to bank. Ask them to close account without taking any charges. Bank can not charge after account balance is 0.

I think that guideline is for dormant accounts. Banks can charge an account in negative for active accounts.

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Pro Critic
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Just pay the fee and remember to maintain the minimum balance. It’s not like they charged you unnecessarily. It was your mistake and you should accept it. These things happen. Not a big deal. But make sure you learn from your mistakes.

I also got charged 800 rs per month in my ICICI account for nearly an year for not maintaining minimum balance. But I did it intentionally. I was in a rough spot and I needed the money.

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Community Angel
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Roushh wrote:

I think that guideline is for dormant accounts. Banks can charge an account in negative for active accounts.

Dormant account hoga tabhi to balance minus hua hoga.

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Pro Critic
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_One_Miller_ wrote:

Dormant account hoga tabhi to balance minus hua hoga.

lol. Not at all. Both are different things.

Account becomes dormant when we don’t use it for 12-24 months. I think the time period is different for each back. Just because an account has 0 balance, doesn’t make it dormant. laughing

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Deal Cadet
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Roushh wrote:

lol. Not at all. Both are different things.

Account becomes dormant when we don’t use it for 12-24 months. I think the time period is different for each back. Just because an account has 0 balance, doesn’t make it dormant. laughing

Zero or minus?

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Pro Critic
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arunrush680 wrote:

Zero or minus?

He has left no balance in that account that’s why they charged him. And those charges made his account balance negative. Read the post mate.

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Deal Cadet
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Roushh wrote:

He has left no balance in that account that’s why they charged him. And those charges made his account balance negative. Read the post mate.

I understood but I’ve noticed it doesn’t show negative balance when the acc is active, deposit some money they’ll deduct the arrears. But it clearly shows the negative balance when it’s dormant.

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Deal Hunter
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_One_Miller_ wrote:

According to RBI, Bank can not do minus balance for non maintenance of minimum average balance. You should search it from RBI website & show it to bank. Ask them to close account without taking any charges. Bank can not charge after account balance is 0.

will they freaking listen??

Missing