How can I close my HDFC salary account?
Can I close my HDFC account? In Order to close your HDFC bank Account, you have to visit your nearest branch where you can ask for the account closure form. After obtaining the form fill all of the requirements and submit the form to the bank executive along with Debit Card, Passbook, and CheckBook.
How do I close my salary bank account?
To close the account, you need to pay the complete account. If there is no transaction in account for two years, other than interest credit in savings/current account, the bank will classify it as dormant or inoperative account.
Can I close my HDFC account online?
Note: You can’t close HDFC Bank account online, but account closure form can be downloaded online. To close your account in an easy way, ensure that you drain out all the funds parked in your account. The balance in your account should be Zero. Now you can go to the nearest branch and approach the bank executive.
Can I close my HDFC salary account with negative balance?
If the customers want to close the account, there could be charges. There are no charges if the account is closed within a few days of opening it and after one year. HDFC Bank, for example, doesn’t charge any fee if the customer closes the account within 14 days.
What happens if salary account is not closed?
The salary account is not closed by the bank automatically. Banks can only freeze accounts if there is no transaction in the account for a particular period, i.e. three months. After that one has to pay a penalty and regularise the account.
What happens if minimum balance is not maintained in HDFC?
For savings account in metro cities, HDFC Bank may charge you as much as 600 rupees for not maintaining the minimum balance. With service Tax and other cess, the amount is more than Rs 600. If the shortfall is 50 per cent or less of the MAB, then the bank will charge Rs 50 plus service tax.
Is there any charges for closing HDFC Bank account?
For closure of savings account, an HDFC Bank customer, depending on the nature and tenure of the account, will have to pay a fee of Rs 500 and if the average monthly balance falls below Rs 20,000 in nonurban centres, it will charge Rs 500 a month, according to its website listing various charges effective January 2012.
What happens if you dont close a bank account?
If the account is no longer useful, best is to close the account. If you still don’t take any action, the bank will send a letter declaring the account dormant. Charges: An inoperative account may not affect your credit history. But, it would attract a penalty, depending on the bank’s policy.
Can I close my account with a negative balance?
According to the Office of the Comptroller of the Currency, banks generally don’t close accounts that have a negative balance, so even if you request the closure of the account while it’s in a negative status, chances are the bank will not honor it. A negative balance indicates that you owe money to the bank.
Is salary account mandatory?
Salary account There is no minimum balance requirement. It can help you pay utility bills, transfer money, withdraw, and so on. Plus, most banks offer debit and credit cards which can be used while shopping as well as earn reward points, get discounts, cash-backs and much more!
Can I change my saving account to salary account?
Can it be converted to Salary account? Yes. Existing saving account with SBI can also be converted to CSP account.
How can I Close my HDFC salary account online?
No, there is no way to close any account online. But closing an account is quite easy as just signing one on a form. You just need to drop in to any of the HDFC Bank Branch and ask then for the Account Closure Form.
How long does it take to close HDFC bank account?
After obtaining the form fill all of the requirements and submit the form to the bank executive along with Debit Card, Passbook, and CheckBook. Your account will be closed within 10 working days. Make sure to bring along an ID Card in case the Bank Executive asks for the verification.
Do you need to maintain balance in HDFC bank account?
HDFC bank is known for its service but this service comes at a premium price as you need to maintain a certain amount of balance in the account on monthly basis. The balance requirement differs from one place to another and on non-maintenance of the balance, the customer is penalized with a certain charge.
What can I do with HDFC Bank debit card?
Please note the limits can be increased up to the Permissible limits on your Debit Card. Use your Debit Card over and above your daily shopping limit on select merchant categories i.e. Airlines, Education, Electronics, Medical, Travel, Tax Payments and Insurance without transaction decline*.