HDFC Bank is charging as much as Rs. 600 per month for non maintenance of minimum balance

Smh

Regulars
Nov 7, 2016
884
136
customer service of some PSU banks like SBI, Central Bank and other popular ones is really bad because they have too many customers and the sarkari babu attitude. Many people who don't like these banks are stuck with it because of pensions or some govt scheme.

While service of other not so popular PSU banks like Bank of Baroda, Indian Bank, Canara Bank can be decent depending upon the local branch location.
 

dextermorgan

Regulars
May 12, 2014
6,861
1,219
Hyderabad
happened to my sis with hdfc bank too. she left her job so they converted her salary acc to saving account. she called them to close the account but told we need to visit home branch to close the account (even if their own website and customer care tell that any hdfc branch will do, not just home branch). she was in another city so she just left it at that. But these bastards took the balance to negative and my sisters friend deposited 3k into it and bam all of it gone.

she had to come back to hyd to close account but still these bastards wouldn't close her account. So I printed a "Account closing form" from their website, filled it up and went to nearest hdfc and asked them to close the account or else I'll leave a complaint with ombusman then and there itself. fuckers then closed the account. so much for customer care in private banks
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
i have had a similar experience with icici. i got tired of the quarterly sms charges on my secondary account that i had since the late 90s.
so i decided to shut it down. filled up the form and completed all the formalities. left around 300 bucks in it which i assumed would be released to me in form of a cheque.
few months down the line... the cheque never came. and i forgot about it. after around six months, i got a bank statement in mail. apparently the account was never closed. and they had eaten up the 300 bucks because of low balance.
went to the bank, filed a complaint through twitter. bank officials got the 'message' from the above. they were quite apologetic and again got the forms filled and stuff.
in my final statement, i found out that they also ate up the interest generated from the original balance and the leftover balance.

my icicidirect account is still not shut down. i still get the password grid every couple of months. have tried enquiring how i can shut it down. apparently they did close my dmat account (which i had to shut down before applying for bank account closing). but icicidirect is more than just dmat so the parent account remains active.
 


Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
don't remember actually. i had a few shares. sold them. not sure if i called up the helpline to close my account or went to their office. tbh, i never really understood how online trading worked. it was connected to my icici bank account so after i got the money from the share sale in my account, i moved the excess money to my primary account and applied for bank account closure.
 

igloo

Not just Internet.
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Sep 5, 2008
2,385
520
New Delhi
Thats why i never give account closure request.
And make sure not a signle money is dep or transferred from anywhere & just withdraw all amount to last paisa.
Also best way to close hdfc account is fill the printout of acc closure form and put it in dropbox. They are bound to accept it.
 


SVK

svknet.wordpress.com
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Jan 19, 2007
9,848
845
svknet.wordpress.com
I have a very simple solution for maintaining Monthly Average Balance for my HDFC account.

I have prepared Excel sheet in which I enter daily balance for that day. (although I don't do it daily, I enter amount weekly or in 10 days). I have table created with "date - Amount". Then applied formula to get total of amount for all days, and in another cell have Average formula for "Total amount / number of days" in that month. This Average should never go below 10000 at end of month. If it is below 10000, I deposit amount needed to bring Average above 10000 :)

Though best option I found out is deposit large amount in beginning of month, so by end of month even if Account balance reaches 1000~2000, still my MAB remains above 10000.
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
yes bank has a section where they show the value on the current day for that quarter. i assume other banks show it as well?
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
haww. my yes bank card is also set to autopay but they did not turn my account to zero balance :mad: