Hot Deal

IDBI ASKING 35K FOR ACCOUNT CLOSURE

405°
Deal Cadet
aniket1587
My friend has 2 current accounts in IDBI bank, both accounts r now dormant, he went to branch to close the accounts but the manager said he needs to pay minimum average balance charges Rs 35000 before closing the accounts. is there any solution to this?? can anyone suggest a way to waive off these non-maintaince charges?? does RBI allows banks to collect such huge amount in the name of MAB charges??
37 Comments  |  
23 Dimers
  • Sort By
Deal Lieutenant Deal Lieutenant
Link Copied

I think someone has mentioned in DD if you just ignore those dormant accounts it will just autoclose in 10 years i think…
not sure though..

Edit: I was assuming it was savings account.
For current account I have no idea.
Thanks @teriab33 for pointing this.
smile

Deal Subedar Deal Subedar
Link Copied

As per RBI, MAB Charges can be levied upto available balance only. Your balance cannot be negetive

Deal Cadet Deal Cadet
Link Copied

@DealFinder @shreyu2105 i have read somewhere that the banks will report this balance to CIBIL

Deal Subedar Deal Subedar
Link Copied

No

View 22 more replies
Entertainer Entertainer
Link Copied

Dormant accounts are the bank fraudster employees’ (managers) treasure chest to hide their scams. They discourage customers from closing old dormant account by levying heavy charges, giving reasons photo/signature/name mismatch and account not found in updated database. Bring this and that.

Benevolent Benevolent
Link Copied

Saucap sunglasses smiling_imp

View 2 more replies
Talk-Of-The-Town Talk-Of-The-Town
Link Copied

My dormant account was closed by Kotak Mahindra bank without any charges. I don’t think anything would happen if you leave it alone.

Helpful Helpful
Link Copied

i have 2 kotak accounts for which they deducted 500 rs MAB 2 times in 2019
after that i did not used my account

waiting to get both accounts closed . otherwise MAB would have reached 25k or more rolleyes

Generous Generous
Link Copied

They will send court notices , failure to attend to notice will end up in complications .

Benevolent Benevolent
Link Copied

Don’t accept the notice.

Critic Critic
Link Copied

Ask them to give the demand for 35k in writing from their official email quoting the relevant bank policy/clause for demanding such amount & keep bank’s nodal office/grievance office in cc.

Helpful Helpful
Link Copied

I have hdfc dormant current account since 10 yrs approx… Will there be any issue?
Never used it

replyuser
Click here to reply
Reply