IDBI ASKING 35K FOR ACCOUNT CLOSURE

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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??

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nagra wrote:

You mean “your friend” will contact nodal officer. 😄

Also if ₹885 fine is per account then,

885×24=21240 + 18% GST=25063

Total for 2 accounts=50126

So it should be either 25K or 50K. How come it’s 35K?

obviously my friend will contact nodal ofrice but he does not know the technical stuff that much… both accounts r dormant since last 5-6 months

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guest_999 wrote:

Also “gently” mention going to banking ombudsman/rbi for clarification of rules regarding this for future reference.

yes

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