Hi,
I have a Salary account with HDFC since 2006. When I left the job for studies the account was converted to a savings account. I have been mantaining balance more than 10k till july last year and then started withdrawing slowly to get zero balance in april.Now when I want to close the account,HDFC says I have to pay 5000Rs as charges for not mantaining AMB.
1.The only time AMB charges was applied was in May this year for the month of May,though the account balance is less than 5k since last July.No charges were deducted though the account had some 4000rs. It seems the charges are accumulated,is that the rule?
2.The account balance is currently 0.0Rs.Negative balance is not shown
I want to know:
1.Is it mandatory to close the account paying this 5000rs or can I leave it unattended to make it dormant?I dont wish to bank with HDFC ever.
2. Can the bank force me to pay this money in future?Can it use the ill-famed collection agents of credit-card/loans recovery?
3.Can my balance go negative in future?
4. Will this affect my CIBIL score if I leave the account as it is?
Please provide your inputs.I know this is a very common problem with HDFC salary account.