Even after the Corona period ended, many were unable to repay their loans due to financial difficulties.Such shows their bank account negative balance.
Let us now find out what banks do in such cases.
Banks charge a fee when the account balance is zero.
It usually ranges from Rs 250 to Rs 500.Penalties are generally lower at public sector banks.
The same is more the case in private banks though.If borrowers from banks are unable to repay it, their account will turn negative.
Also, if any transactions are not made from the bank account within 24 months, the banks will declare them as non-performing accounts.
In such a case the customer has to pay a fee for closing his account.
Account closing fees are pre-determined at various banks.There is no charge for closing the account within a few days of opening it or closing it after one year of transaction.
Within 14 days of opening an account with HDFC Bank Thama Bank.No fees will be charged from clients who close that account.However, if the account is closed on the 15th day or after six months, Rs.
500, if closed within 6 months to one year Rs.250 will have to be paid as a fee.Kotak Mahindra Bank has a different rule in this regard.
If the account is closed within 31st to 181st day of opening the account.The pre-determined fee is Rs.600 will not be charged.
Similarly, if the Axis Bank account is closed within 15 days to one year, Rs.A fee of Rs.500 is payable – Bank Account With Negative Balances telugu-title:మీ బ్యాంక్ ఖాతాలో నెగిటివ్ బ్యాలెన్స్ ఉంటే ఏమి జరుగుతుందో తెలుసా? – Telugu News #TeluguNews #TeluguBreaking #Telugu #TeluguStop | Telugu news #HDFCBank #Mahindra #Axis #Corona #Bank #BankAccount #KotakMahindra #NegativeBalance #TeluguNews #TeluguNewsVideos Channel:Telugu News
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