Bank Annual account maintenance charge

POSTED BY Pankaj Vasudeo ON June 25, 2012 1:22 pm COMMENTS (3)

Hi guys
Me having 2 current account in state bank of Bikaner and Jaipur
Current account opening fee is Rs. 10,000 ( minimum balance rs 10,000)
My one account having Rs 13495 from 2004 ( Inactive)
and another one i was using daily to daily basis ( Active)

now when i inquired abt balance in inactive account
they told me account balance is nill
as yearly maintance is rs 550
so after 7 years 550 * 7 = 3850
deduction my account was like below minimum balance
and they deducted rs 2200 quarterly

now account is -23495 ( 13495 + 10000 ( security deposit)

is it wholely my fault
bcoz i dun remeember when i opened this account there was a clause of account maintance
bank not even notified me about this

please suggest me what can i do

3 replies on this article “Bank Annual account maintenance charge”

  1. Pankaj Vasudeo says:
    June 25, 2012 at 2:28 pm

    I want my money back
    is it possible ?

    Reply
    1. Ashal Jauhari says:
      June 25, 2012 at 3:19 pm

      Dear Pankaj, a plain answer is NO. Also, it’s in your own interest to inform the bank that you no longer wish to use that account & want to close the same. Pay the pending amount & close it. In case you are not closing it from your own side – the bank may ask you to pay the amount or even notify your name in CIBIL.

      Thanks

      Ashal

      Reply
  2. Ashal Jauhari says:
    June 25, 2012 at 2:22 pm

    Dear Pankaj, do you want to activate this dormant account or do you want that money back? Please clarify.

    Thanks

    Ashal

    Reply

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