Can I Close My HDFC Salary Account Online?

What happens if I don’t close my salary account?

If your bank account is no longer useful, best is to close the account.

The bank starts deducting charges for non maintenance of minimum balance.

A senior executive of ICICI bank said, “We normally inform the employers in case the salaried account is discontinued due to non credit of salaries..

What happens if HDFC salary account not closed?

If the salary has not been credited to your Salary Account for a certain period of time (usually three months) then the bank will convert your Salary Account into a regular Savings Account with a minimum balance requirement.

Is there any charges for closing bank account?

Generally, if an account is closed within 14 days of the opening of an account, banks don’t charge any additional charges. However, any closure of the account after 14 days but before a year might attract account closure charges. Also, closure of an account after 1 year normally does not attract closure charges.

Is HDFC zero balance account available?

You can open a Savings Account, but you don’t have to maintain a minimum balance for it. Despite this, the bank will still provide the usual facilities that come with a regular Savings Account. As the name of the account implies, this is a zero-balance account. … Consequently, there is no penalty in case of zero balance.

What is the average monthly balance in HDFC?

₹ 10,000Customers having a regular savings account in HDFC Bank branches located in metro and urban areas are required to maintain an average monthly balance of ₹ 10,000, according to the private sector bank’s website – hdfcbank.com….HDFC Bank.Branch typeAverage monthly balanceRuralRs. 2,500(Source: hdfcbank.com)3 more rows•Feb 11, 2019

What happens if bank account is not used?

If a current account or savings account is left inactive for a specified period of time it will be declared dormant by the bank, meaning it’s inactive or no longer in use. But if there’s any money left in it, you may still be able to track down the account and reclaim any funds.

How much time does it take to close a bank account?

If you close the account in person, the bank will give you the remaining funds in the account right away. If close the account over the phone, the bank will mail you a check for the remaining funds. Sending a letter to the bank requesting an account be closed could take up to a week for the bank to close the account.

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.

How can I close my HDFC Bank account with negative balance?

Just put an account closure request and take receiving….. Either manager will close the account or the account will be dormant….. No need to pay these stupid penalties…… For account closure we need to make it positive, if do not want to close then no need to pay but your -ve amount will be increase month by month.

What happens if minimum balance is not maintained in HDFC Bank?

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. The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches.

What is the minimum balance to be maintained in HDFC savings account?

Rs. 10,000To maintain HDFC Bank Savings account, you require a minimum balance of Rs. 10,000 for metro Urban branches Rs. 5,000 For Semi Urban branches Rs. 2,500 for Rural branches is required to open a Savings Regular Account.

Can we close bank account online?

You cannot close your bank account online. You need to visit your home branch where you opened the account. So you need to walk into the home branch where you have an account and request them for account closure.