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HDFC negative balance

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HDFC bank have charged me 600+rs for not maintaing average balance
. Currently my balance is negative what should I do

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Deal Cadet Deal Cadet
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The branch manager has the authority to waive off such a charge. Try convincing him/her with a solid reason.

I got almost 2k waived off in my case.

Deal Cadet Deal Cadet
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Just leave it. Account will become dormant /closed after 1 year of inactivity

Deal Cadet Deal Cadet
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hsmhsm wrote:

Just leave it. Account will become dormant /closed after 1 year of inactivity

CIBIL effect?

Deal Cadet Deal Cadet
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Same I’m also facing this this month they deducted twice and my balance is in negative now. How to get manager email I’d?

Deal Lieutenant Deal Lieutenant
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try_me wrote:

Same I’m also facing this this month they deducted twice and my balance is in negative now. How to get manager email I’d?

why they deducted? currently mab is removed right?

Deal Cadet Deal Cadet
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Simbha3 wrote:

why they deducted? currently mab is removed right?

I dont know charged more than 1000 and it’s in negative now

Deal Subedar Deal Subedar
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demerius2020 wrote:

CIBIL effect?

None. According to rbi bank cant keep balance in negative for saving account. But don’t deposit anything if you don’t intend to use it.

You never agreed to any credit service so why negative right? So why cibil. Only credit card is affected by cibil.

Still not sure ? Just write an application for account closure and drop in drop box or you can get receiving by giving to bank officer direct or you can email too.
Trust me. Been there done that.

Deal Subedar Deal Subedar
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I am also in same boat, charged 600*2 for two month no mim balance maintain.

I have 2 ac in 1 cif and as per them i need to maintain 10k in each.

Btw i have deposited 1200 and now balance is zero and tmw i will go to branch for one account closing.

Deal Subedar Deal Subedar
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titamazon wrote:

I am also in same boat, charged 600*2 for two month no mim balance maintain.

I have 2 ac in 1 cif and as per them i need to maintain 10k in each.

Btw i have deposited 1200 and now balance is zero and tmw i will go to branch for one account closing.

If you didn’t want the account then y did you deposit 1200……?

Just put an account closure request and take receiving….. Either manager will close the account or the account will be dormant….. No need to pay these stupid penalties……

Deal Subedar Deal Subedar
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myfungang829 wrote:

If you didn’t want the account then y did you deposit 1200……?

Just put an account closure request and take receiving….. Either manager will close the account or the account will be dormant….. No need to pay these stupid penalties……

For account closure we need to make it positive, if do not want to close then no need to pay but your -ve amount will be increase month by month.

We may required hdfc in future for any loan so i think its better to pay and close the account.

Deal Cadet Deal Cadet
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titamazon wrote:

For account closure we need to make it positive, if do not want to close then no need to pay but your -ve amount will be increase month by month.

We may required hdfc in future for any loan so i think its better to pay and close the account.

There is a RBI circular which says saving account should not be charged after zero balance i.e should not go in negative. You can closenegative account(Due to AMB NON maintenance) without paying

Deal Cadet Deal Cadet
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titamazon wrote:

For account closure we need to make it positive, if do not want to close then no need to pay but your -ve amount will be increase month by month.

We may required hdfc in future for any loan so i think its better to pay and close the account.

Banks are taking undue advantage of ignorant fearful customers.
If you had told them some reason they’d have canceled the charges.
Most customers (98%) don’t care or are afraid which encourages banks to come out with new ways to make money.
These are non-maintenance charges, applicable only if you want to maintain the account. And they won’t affect any score because there is no legal basis.

Big Banks know their days are limited so trying to make money as much as they can.
Soon banks will be entirely electronic, with very few staff. Cards are already getting outdated with mobile emerging as far secure way to identify users. Everything can be done online. RBI is only letting these banks play a role because of employment they generate.

According to the RBI , banks should not take undue advantage of customer difficulty or inattention.
Banks should not levy penal charges for non-maintenance of minimum balances in any inoperative account. When accounts are dormant, there is no service provided and hence ideally there should be no charge.
Banks should also limit the liability of customers in electronic banking transactions in cases where banks are not able to prove customer negligence, the RBI said.

Deal Subedar Deal Subedar
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hsmhsm wrote:

Banks are taking undue advantage of ignorant fearful customers.
If you had told them some reason they’d have canceled the charges.
Most customers (98%) don’t care or are afraid which encourages banks to come out with new ways to make money.
These are non-maintenance charges, applicable only if you want to maintain the account. And they won’t affect any score because there is no legal basis.

Big Banks know their days are limited so trying to make money as much as they can.
Soon banks will be entirely electronic, with very few staff. Cards are already getting outdated with mobile emerging as far secure way to identify users. Everything can be done online. RBI is only letting these banks play a role because of employment they generate.

According to the RBI , banks should not take undue advantage of customer difficulty or inattention.
Banks should not levy penal charges for non-maintenance of minimum balances in any inoperative account. When accounts are dormant, there is no service provided and hence ideally there should be no charge.
Banks should also limit the liability of customers in electronic banking transactions in cases where banks are not able to prove customer negligence, the RBI said.

Yes i was in fear with HDFC, psu rahta to jakar danta bhi wink

But koi nahi, they will loose 1 loyal customer also for this money making strategy.

Deal Subedar Deal Subedar
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Same trick was used by SBI one/two years back.
Indians ko koi bhi chuna lagaa saktaa hai biggrin

Deal Cadet Deal Cadet
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jambui wrote:

None. According to rbi bank cant keep balance in negative for saving account. But don’t deposit anything if you don’t intend to use it.

You never agreed to any credit service so why negative right? So why cibil. Only credit card is affected by cibil.

Still not sure ? Just write an application for account closure and drop in drop box or you can get receiving by giving to bank officer direct or you can email too.
Trust me. Been there done that.

i want to close icici a/c because of their stupid MAB req /next they told me whenever i deposit money aqb charge will be deducted , sent mail →reply go to branch; now i dont want to go to branch as i didnt visited branch for opening too(icici insta) beside who is gonna pay for my petrol +parking+refreshment+corona_threat ? if i visit to branch; not kotak i think sunglasses
Deal Newbie Deal Newbie
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@admin My father had a salary acc with HDFC which later got converted to Savings acc with MAB charges applicable, after he left is job that is. Now, as he was not aware of MAB and other stuff related to that, we are seeing that the balance is showing -4.5K. The home branch is in another state from where we are residing right now. We went to a local HDFC branch to enquire about closure as we do not want to pay the negative balance, but they denied saying we better contact Home branch in this scenario. However, they were ready to close in case we agree to pay the negative balance. Any thoughts what shall we do in this case ?

Deal Cadet Deal Cadet
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Can any one please share circular? Have seen in many threads but nowhere link was posted

Analyst Analyst
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If you want to close the account then you need to clear the amount and close. In that case they won’t write off your balance.
Best way is to convince and write of that balance, later close the account.

Another way is just leave it and forget that account.

Deal Cadet Deal Cadet
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shumac.ganges408 wrote:

@admin My father had a salary acc with HDFC which later got converted to Savings acc with MAB charges applicable, after he left is job that is. Now, as he was not aware of MAB and other stuff related to that, we are seeing that the balance is showing -4.5K. The home branch is in another state from where we are residing right now. We went to a local HDFC branch to enquire about closure as we do not want to pay the negative balance, but they denied saying we better contact Home branch in this scenario. However, they were ready to close in case we agree to pay the negative balance. Any thoughts what shall we do in this case ?

Show them this circular and tell them to fuck off . If they still do not complain to banking ombudsman . If that fails write to RBI.

https://www.rbi.org.in/Scripts/NotificationUser...

Ps Annex 6 is what you are looking

More consumers are educated less banks will loot

Also my friend had -20k in bal and one fine day he went to withdraw that money sunglasses . Bank manager had pikachu face , his account was closed that day only with no charge

Deal Cadet Deal Cadet
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SastaRaju wrote:

Show them this circular and tell them to fuck off . If they still do not complain to banking ombudsman . If that fails write to RBI.

https://www.rbi.org.in/Scripts/NotificationUser...

Ps Annex 6 is what you are looking

More consumers are educated less banks will loot

Also my friend had -20k in bal and one fine day he went to withdraw that money sunglasses . Bank manager had pikachu face , his account was closed that day only with no charge

I think -ve balance can be a good thing for example you can save in taxes and if you still get notice then put the blame on hdfc. laughing

Deal Newbie Deal Newbie
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HDFC bank have charged me 10680+rs for not maintaing average balance
. Currently my balance is negative what should I do. cry

Deal Subedar Deal Subedar
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noordigitalcybercafe880 wrote:

HDFC bank have charged me 10680+rs for not maintaing average balance
. Currently my balance is negative what should I do. cry

Assuming you had a positive balance in account earlier.
1st option, convince the branch manager to waive of the charges, your fines are waived off and you get back your positive balance.
2nd option, let the account die its own death, you loose your positive balance.
3rd option, pay the negative balance and close the account, you loose your positive balance plus pay the negative balance amount.

Deal Cadet Deal Cadet
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ontherocks wrote:

Assuming you had a positive balance in account earlier.
1st option, convince the branch manager to waive of the charges, your fines are waived off and you get back your positive balance.
2nd option, let the account die its own death, you loose your positive balance.
3rd option, pay the negative balance and close the account, you loose your positive balance plus pay the negative balance amount.

if 2nd option is selected then can hdfc ruin cibil score or create any issue in things like police verification etc.

Critic Critic
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kukdookoo wrote:

if 2nd option is selected then can hdfc ruin cibil score or create any issue in things like police verification etc.

Only if the account is current(not savings). Police verification has nothing to do with this, that only matters for criminal cases or serious civil case for which fir is filed in a police station.

Pro Tech Guru Pro Tech Guru
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Tell them to waive off balance Account close Ki application do they have to close the account don’t pay anything

Deal Cadet Deal Cadet
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guest_999 wrote:

Only if the account is current(not savings). Police verification has nothing to do with this, that only matters for criminal cases or serious civil case for which fir is filed in a police station.

current mein aise kyu sirg?
police verificaion man lo passport ki ya address verification for job purpose usmein issue hoga?

Pro Tech Guru Pro Tech Guru
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kukdookoo wrote:

current mein aise kyu sirg?
police verificaion man lo passport ki ya address verification for job purpose usmein issue hoga?

Current account mein overdraft ka Paisa lekar nahi diay tu wo loan he but MAB charges loan nahi hai

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